Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
ACWX vs VWO: how they differ
ACWX and VWO hold 0% of their weight in the same names, and ACWX returned more over the year.
iShares MSCI ACWI ex U.S. ETF and Vanguard Emerging Markets Stock Index Fund.
What they hold in common
By the books each fund has filed, ACWX and VWO hold 0% of their money in the same securities at the same weight.
| Only in ACWX | Only in VWO |
|---|---|
| TAIWAN SEMICONDUCTOR MANUFACTURING 5.09% | Taiwan Semiconductor Manufacturing Co Lt 14.73% |
| SAMSUNG ELECTRONICS LTD 2.50% | Tencent Holdings Ltd 3.28% |
| SK HYNIX 2.04% | Alibaba Group Holding Ltd 2.57% |
| ASML HOLDING 1.77% | Delta Electronics Inc 1.18% |
| HSBC HOLDINGS PLC 0.94% | MediaTek Inc 1.07% |
| TENCENT HOLDINGS 0.88% | Reliance Industries Ltd 0.90% |
| ROCHE PS PAR AG 0.79% | HDFC Bank Ltd 0.81% |
| ROYAL BANK OF CANADA 0.76% | Hon Hai Precision Industry Co Ltd 0.75% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Sep 10, 2026.
| ACWX iShares MSCI ACWI ex U.S. ETF | VWO Vanguard Emerging Markets Stock Index Fund | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Vanguard |
| What it is | MSCI ACWI ex U.S. | Emerging markets |
| Total return, 1 year | +23.0% | +15.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +5.5 pts | −1.9 pts |
| Expense ratio | 0.32% | 0.06% |
| Already in the S&P 500 | 0.0% | 0.0% |
| Holdings | 1515 | 6355 |
ACWX in plain words
ACWX is an index equity fund tracking the MSCI ACWI ex U.S.. Over the year to Sep 11, 2026 it returned +23.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.32% a year. By its holdings filed for Sep 10, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1515 positions, with the top ten at 16.1%.
VWO in plain words
VWO is an index equity fund tracking the Emerging markets. Over the year to Sep 11, 2026 it returned +15.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.06% a year. By its holdings filed for Apr 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 6355 positions, with the top ten at 26.8%.
Questions people ask
- Which returned more over the last year, ACWX or VWO?
- In the year to Sep 13, 2026, with distributions reinvested, ACWX returned +23.0% and VWO returned +15.6%, so ACWX returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, ACWX or VWO?
- ACWX charges 0.32% a year and VWO charges 0.06%, so VWO is cheaper. Fees come from each fund's prospectus.
- How much do ACWX and VWO overlap with the S&P 500?
- By their latest filed holdings, 0% of ACWX and 0% of VWO by weight is stocks the S&P 500 already holds. Between the two funds, 0% of their books are the same securities at the same weight.
Other comparisons
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, ACWX against VWO, data as of Sep 13, 2026. https://etfiq.com/compare/any/acwx-vs-vwo Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources