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CWI vs IMTM: Differences, Returns & Fees

CWI and IMTM hold 36% of their weight in the same names, and CWI returned +15.0% over the year. Net assets on Oct 20, 2026: $2.8bn for State Street SPDR MSCI ACWI ex-US ETF and $4.2bn for iShares MSCI Intl Momentum Factor ETF.

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Ask IQ about CWI and IMTM

Answers cite the figures on this page.

Both cost 0.30% a year; their one-year returns differ by 1.9 points; IMTM is 1.5 times larger.

Points (pts) are percentage points.

CWI vs IMTM: Differences, Returns & Fees
CWIIMTM
Expense ratio0.30%0.30%
Net assets$2.8bn$4.2bn
Total return, 1 year+15.0%+13.1%
What it tracksMSCI All Country World Index ex USA IndexMSCI World ex USA Momentum Index
Holdings in common36%
Top ten holdings, share of the fund15.0%24.3%
Below its high5.0%, high on Sep 4, 20265.8%, high on Aug 17, 2026

Holdings in common uses holdings dated Oct 19, 2026.

+15.0%
CWI total return, 1 year
+13.1%
IMTM total return, 1 year
0.30%
CWI expense ratio
0.30%
IMTM expense ratio

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Client brief · page 1 of 2Report BR-DAB3821441

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

  1. What each follows. CWI follows MSCI All Country World Index ex USA Index and IMTM follows MSCI World ex USA Momentum Index.
  2. Holdings in common. 36% of the weight is in the same securities (holdings dated Oct 19, 2026).
  3. Number of holdings. CWI holds 1,109 positions and IMTM holds 309.

Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.

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What they hold in common

By the books each fund has filed, CWI and IMTM hold 36% of their money in the same securities at the same weight. Holdings dated Oct 19, 2026.

half

36% in common

Positions both hold, largest shared weight first
Holding CWI IMTM
ASML HOLDING NV 1.84% 4.94%
HSBC HOLDINGS PLC 0.95% 2.86%
ROCHE HOLDING AG 0.93% 1.87%
ROYAL BANK OF CANADA 0.87% 3.29%
SHELL PLC 0.82% 2.02%
NOVARTIS AG REG 0.77% 1.94%
TORONTO DOMINION BANK 0.67% 2.38%
BHP GROUP LTD 0.60% 1.52%
BANCO SANTANDER SA 0.58% 1.50%
ALLIANZ SE REG 0.57% 1.14%
IBERDROLA SA 0.53% 1.31%
ABB LTD REG 0.52% 1.16%
Only in CWI
TAIWAN SEMICONDUCTOR MANUFAC 3.16%
SAMSUNG ELECTR GDR REG S 2.30%
TAIWAN SEMICONDUCTOR SP ADR 1.80%
SK HYNIX INC 1.44%
TENCENT HOLDINGS LTD 0.87%
NESTLE SA REG 0.71%
MITSUBISHI UFJ FINANCIAL GRO 0.69%
ASTRAZENECA PLC 0.69%
Only in IMTM
MITSUBISHI UFJ FINANCIAL GROUP 1.71%
SUMITOMO MITSUI FINANCIAL GROUP 1.26%
NORDEA BANK 0.35%
RESONAC HOLDINGS 0.22%
GREAT WEST LIFECO INC 0.21%
SWEDBANK 0.21%
JAPAN POST HOLDINGS LTD 0.20%
JX ADVANCED METALS CORP 0.19%

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On the same fields

CWI
State Street SPDR MSCI ACWI ex-US ETF
IMTM
iShares MSCI Intl Momentum Factor ETF
Where it sits Stock ETF Stock ETF
Issuer State Street iShares
What it is Tracks an index Tracks an index
Total return, 1 year +15.0% +13.1%
Its benchmark over the same days +15.0% (ACWX) +15.0% (ACWX)
Gap to its benchmark 0.0 pts vs ACWX −1.8 pts vs ACWX
Expense ratio 0.30% 0.30%
Already in the S&P 500 0.0% 0.0%
Holdings 1109 309
Net assets $2.8bn $4.2bn

CWI and IMTM on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.

About CWI

CWI tracks an index. Over the year to Oct 20, 2026 it returned +15.0% with distributions reinvested, against +15.0% for its benchmark, the MSCI All Country World ex USA Index. The prospectus expense ratio is 0.30% a year. By its holdings published by its issuer for Oct 19, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1,109 positions, with the top ten at 15.0%. It sat 5.0% below its high of Sep 4, 2026 on Oct 20, 2026.

About IMTM

IMTM tracks an index. Over the year to Oct 20, 2026 it returned +13.1% with distributions reinvested, against +15.0% for its benchmark, the MSCI ACWI ex USA Index. By its holdings published by its issuer for Oct 19, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 309 positions, with the top ten at 24.3%. It sat 5.8% below its high of Aug 17, 2026 on Oct 20, 2026.

Questions people ask

Which returned more over the last year, CWI or IMTM?
In the year to Oct 20, 2026, with distributions reinvested, CWI returned +15.0% and IMTM +13.1%.
Which is cheaper, CWI or IMTM?
Neither: CWI and IMTM both charge 0.30% a year. Fees come from each fund's prospectus.
How much do CWI and IMTM overlap with the S&P 500?
By their latest filed holdings, 0% of CWI and 0% of IMTM by weight is stocks the S&P 500 already holds.
Other comparisons
CWI vs IDMOCWI vs FENICWI vs IDEVCWI vs IEFADFSI vs IMTMIMTM vs SEIEIMTM vs MFSIIMFL vs IMTM
CWI on its own →IMTM on its own →Hold both: look the portfolio through →Rankings →CWI dividend history →CWI holdings →IMTM dividend history →IMTM holdings →Standards and sources →
Where these figures came from
CWI filings on SEC EDGAR ↗CWI prospectus with the expense ratio (SEC) ↗State Street website ↗IMTM filings on SEC EDGAR ↗IMTM prospectus with the expense ratio (SEC) ↗iShares page for IMTM ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. 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.

Cite this pageCitation, APA and Markdown

ETFIQ, CWI against IMTM, data as of Oct 20, 2026. https://etfiq.com/compare/any/cwi-vs-imtm

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.