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Data as of Oct 28, 2026.

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ACWX vs USMV: Differences, Returns & Fees

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Over the year to Oct 28, 2026, ACWX returned +14.3% to USMV's +10.8%; 1% of their weight is in the same names.

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Net assets on Oct 27, 2026: $17.9bn for iShares MSCI ACWI ex U.S. ETF and $24.1bn for iShares MSCI USA Min Vol Factor ETF.

ACWX on its own →USMV on its own →
At a glance
+14.3%
ACWX total return, 1 year
+10.8%
USMV total return, 1 year
0.32%
ACWX expense ratio
0.15%
USMV expense ratio

Pair scorecard

USMV costs 0.17 points a year less; their one-year returns differ by 3.5 points; USMV is 1.3 times larger.

ACWX vs USMV: Differences, Returns & Fees
MeasureACWXUSMV
Return
Total return, 1 year+14.3%+10.8%
Drawdown
Below its high4.9%, high on Sep 4, 2026
Benchmark
What it tracksMSCI ACWI ex USA IndexMSCI USA Minimum Volatility (USD) Index
Cost and size
Expense ratio0.32%0.15%
Net assets, as of Oct 27, 2026$17.9bn$24.1bn
Holdings
Holdings in common1%
Top ten holdings, share of the fund15.6%14.8%

Holdings in common uses holdings dated Oct 27, 2026. Method

What they share

1%

By the books each fund has filed, ACWX and USMV hold 1% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

1% in common

Positions both hold · largest shared weight first ACWX USMV
ROCHE PS PAR AG 0.95% 1.12%
LOBLAW COMPANIES LTD 0.08% 0.34%
ARISTOCRAT LEISURE 0.07% 0.54%
MERCK 0.06% 1.37%
PEMBINA PIPELINE 0.08% 0.05%
TELENOR 0.02% 0.58%
AEROPORTS DE PARIS SA 0.01% 0.08%
NEMETSCHEK 0.01% 0.38%
TELUS 0.01% 0.73%
COP/USD 0.00% 0.66%
Only in one fund ↓
Only in ACWX
TAIWAN SEMICONDUCTOR MANUFACTURING 5.07%
SAMSUNG ELECTRONICS LTD 2.19%
ASML HOLDING 1.77%
SK HYNIX 1.56%
TENCENT HOLDINGS 0.85%
SHELL 0.84%
HSBC HOLDINGS PLC 0.81%
NOVARTIS AG 0.80%
Only in USMV
MICROSOFT 1.61%
EXXONMOBIL HOLDINGS CORP 1.54%
BERKSHIRE HATHAWAY INC CLASS B 1.50%
CHUBB 1.50%
MOTOROLA SOLUTIONS INC 1.48%
AMPHENOL CORP CLASS A 1.47%
NVIDIA 1.47%
JOHNSON & JOHNSON 1.44%
Check overlap with more funds →

Side by side

ACWX iShares MSCI ACWI ex U.S. ETF USMV iShares MSCI USA Min Vol Factor ETF
Where it sits Stock ETF Stock ETF
Issuer iShares iShares
What it is Tracks the MSCI ACWI ex U.S. Tracks the MSCI USA Min Vol Factor
Total return, 1 year +14.3% +10.8%
Expense ratio 0.32% 0.15%
Already in the S&P 500 0.0% 93.0%
Holdings 1939 176
Net assets, as of Oct 27, 2026 $17.9bn $24.1bn

ACWX and USMV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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About each fund
ACWX

ACWX tracks the MSCI ACWI ex U.S.. Over the year to Oct 28, 2026 it returned +14.3% with distributions reinvested. The prospectus expense ratio is 0.32% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1,939 positions, with the top ten at 15.6%. It sat 4.9% below its high of Sep 4, 2026 on Oct 28, 2026.

USMV

USMV tracks the MSCI USA Min Vol Factor. Over the year to Oct 28, 2026 it returned +10.8% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 176 positions, with the top ten at 14.8%.

Questions people ask

Which returned more over the last year, ACWX or USMV?
In the year to Oct 28, 2026, with distributions reinvested, ACWX returned +14.3% and USMV +10.8%.
Which is cheaper, ACWX or USMV?
USMV is cheaper, by 0.17 percentage points a year. That is about $17 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do ACWX and USMV overlap with the S&P 500?
By their latest filed holdings, 0% of ACWX and 93% of USMV by weight is stocks the S&P 500 already holds.
Other comparisons
ACWX vs RDVYACWX vs CGGRACWX vs SPMOACWX vs DFUSFENI vs USMVIXUS vs USMVUSMV vs VEUSCHF vs USMV
Where to next
ACWX on its own →USMV on its own →Hold both: look the portfolio through →Rankings →ACWX dividend history →ACWX holdings →USMV dividend history →USMV holdings →Standards and sources →
Sources and dates
ACWX and USMV filings on SEC EDGAR ↗
ACWX and USMV prospectus with the expense ratio (SEC) ↗
iShares page for ACWX ↗
iShares page for USMV ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

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ETFIQ, ACWX against USMV, data as of Oct 28, 2026. https://etfiq.com/compare/any/acwx-vs-usmv

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