Data as of Oct 28, 2026.

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ACWX vs VEA: Differences, Returns & Fees

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Over the year to Oct 28, 2026, ACWX returned +14.3% to VEA's +17.1%; 69% of their weight is in the same names.

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Net assets: $17.9bn on Oct 27, 2026 for iShares MSCI ACWI ex U.S. ETF, and $231.6bn on Sep 30, 2026 for Vanguard FTSE Developed Markets ETF.

At a glance
+14.3%
ACWX total return, 1 year
+17.1%
VEA total return, 1 year
0.32%
ACWX expense ratio
0.03%
VEA expense ratio

Pair scorecard

VEA costs 0.29 points a year less; their one-year returns differ by 2.8 points; VEA is 13.4 times larger.

ACWX vs VEA: Differences, Returns & Fees
MeasureACWXVEA
Return
Total return, 1 year+14.3%+17.1%
Drawdown
Below its high4.9%, high on Sep 4, 20264.4%, high on Aug 25, 2026
Benchmark
What it tracksMSCI ACWI ex USA IndexFTSE Developed All Cap ex US Index
Cost and size
Expense ratio0.32%0.03%
Net assets, as of Sep 30, 2026$17.3bn$231.6bn
Holdings
Holdings in common69%
Top ten holdings, share of the fund15.6%13.6%

Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method

Risk and return

Apr 11, 2008 to Oct 23, 2026 · 967 weekly returns
ACWX VEA
Return
Total return edge VEA +129.8% +170.1%
Annualized edge VEA +4.6% +5.5%
Price return edge VEA +42.8% +55.0%
Risk
Volatility edge Tie 19.8% 19.5%
Max drawdown edge VEA (slight) −59.4% −57.1%
Risk-adjusted
Sharpe edge VEA 0.25 0.30
Sortino edge VEA 0.35 0.41
Calmar edge VEA 0.08 0.10
Reading

VEA returned more: +170.1% to +129.8%. ACWX and VEA swung about the same: 19.8% and 19.5%. VEA fell slightly less at its worst: −57.1% to −59.4%.

Full scorecard

9 measures, with how each is measured
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Risk and return: ACWX vs VEA: Differences, Returns & Fees
MeasureACWXVEAEdgeHow it is measured
Return
Total return+129.8%+170.1%VEAPrice change plus distributions, reinvested.
Annualized+4.6%+5.5%VEATotal return as a yearly rate.
Price return+42.8%+55.0%VEAPrice change alone, distributions left out.
Risk
Volatility19.8%19.5%TieSpread of weekly returns, annualized. Lower is steadier.
Downside deviation14.4%14.2%TieLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−59.4%−57.1%VEA (slight)Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.250.30VEAReturn above Treasury bills per unit of volatility.
Sortino0.350.41VEAReturn above Treasury bills per unit of downside deviation.
Calmar0.080.10VEAAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 967 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

69%

By the books each fund has filed, ACWX and VEA hold 69% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

69% in common

Positions both hold · largest shared weight first ACWX VEA
SAMSUNG ELECTRONICS LTD 2.19% 2.81%
ASML HOLDING 1.77% 2.14%
SK HYNIX 1.56% 2.30%
ROCHE PS PAR AG 0.95% 0.91%
SHELL 0.84% 0.86%
HSBC HOLDINGS PLC 0.81% 1.05%
NOVARTIS AG 0.80% 0.82%
ROYAL BANK OF CANADA 0.79% 0.85%
ASTRAZENECA PLC 0.72% 0.75%
NESTLE SA 0.72% 0.72%
MITSUBISHI UFJ FINANCIAL GROUP 0.64% 0.78%
SAP 0.67% 0.63%
Only in one fund ↓
Only in ACWX
TAIWAN SEMICONDUCTOR MANUFACTURING 5.07%
TENCENT HOLDINGS 0.85%
ALIBABA GROUP HOLDING 0.59%
MEDIATEK 0.49%
NOVO NORDISK CLASS B 0.35%
CHINA CONSTRUCTION BANK CORP H 0.30%
SAMSUNG ELECTRONICS NON VOTING PRE 0.30%
HON HAI PRECISION INDUSTRY 0.27%
Only in VEA
SLBBH1142 1.07%
Novo Nordisk A/S 0.37%
SAMSUNG ELECTRONICS-PREF 0.35%
Investor AB 0.23%
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen 0.22%
Air Liquide SA 0.22%
Nordea Bank Abp 0.20%
Hong Kong Exchanges & Clearing Ltd 0.18%
Check overlap with more funds →

Side by side

ACWX iShares MSCI ACWI ex U.S. ETF VEA Vanguard FTSE Developed Markets ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the MSCI ACWI ex U.S. Tracks an index of Developed markets ex US
Total return, 1 year +14.3% +17.1%
Expense ratio 0.32% 0.03%
Already in the S&P 500 0.0% 0.0%
Holdings 1939 3906
Net assets, ACWX as of Oct 27, 2026 and VEA as of Sep 30, 2026 $17.9bn $231.6bn

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

Client brief · page 1 of 2 Report BR-865CB756DE

ACWX and VEA are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. ACWX follows MSCI ACWI ex USA Index and VEA follows FTSE Developed All Cap ex US Index.
  2. One-year total return. Over 1 year to Oct 28, 2026 ACWX returned +14.3% and VEA +17.1% with distributions reinvested, a gap of 2.8 points.
  3. Cost. ACWX charges 0.32% of assets a year and VEA 0.03%, a gap of 0.29 points.

Data as of Oct 28, 2026.

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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.

VEA

VEA tracks an index of Developed markets ex US. Over the year to Oct 28, 2026 it returned +17.1% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 3,906 positions, with the top ten at 13.6%. It sat 4.4% below its high of Aug 25, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, ACWX or VEA?
In the year to Oct 28, 2026, with distributions reinvested, ACWX returned +14.3% and VEA +17.1%.
Which is cheaper, ACWX or VEA?
VEA is cheaper, by 0.29 percentage points a year. That is about $29 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do ACWX and VEA overlap with the S&P 500?
By their latest filed holdings, 0% of ACWX and 0% of VEA by weight is stocks the S&P 500 already holds.
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ETFIQ, ACWX against VEA, data as of Oct 28, 2026. https://etfiq.com/compare/any/acwx-vs-vea

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