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ACWI vs CRBN

iShares MSCI ACWI ETF

ACWIBNasdaq

iShares Low Carbon Optimized MSCI ACWI ETF

CRBNBNYSE Arca

Overlap

Expense ratio

CRBN −0.12pt a year

ACWI0.32%CRBN0.20%

Avg volume · 30D

ACWI 304.9×the volume

ACWI2.56MCRBN8.38K

10Y return · a year

ACWI +0.1pt

ACWI+12.4%CRBN+12.3%

ACWI vs CRBN Performance

Oct 22, 2021 – Oct 23, 2026

+63.1%ACWI+61.3%CRBN

Oct 22, 2021 to Oct 23, 2026. ACWI +63.1%. CRBN +61.3%. Use the arrow keys to read each point.−20%0%20%40%Oct 2021Apr 2024Oct 2026
Expense ratio
ACWI 0.32%
CRBN 0.20%, better
Fund size
ACWI $32.4B
CRBN $1.17B
1Y total return
ACWI +13.8%, better
CRBN +12.3%
Yield (12M)
ACWI 1.43%
CRBN 2.03%, better
Holdings
ACWI 2226
CRBN 1072
Avg volume (30D)
ACWI 2.56M sh, better
CRBN 8.38K sh
NAV per share
ACWI $156.77
CRBN $251.75
52W range

ETF.net Grade

ACWI: Cost 41, Risk 46, Mission 88, Tradability 75, Holdings 54, Durability 66. CRBN: Cost 57, Risk 46, Mission 100, Tradability 30, Holdings 50, Durability 56.
Pillar letters and Scores for ACWI, CRBN, with each pillar’s weight
PillarACWICRBN
Cost30% weightC41B57Higher
Mission25% weightA88A100Higher
Risk15% weightC46C46
Tradability15% weightA75HigherD30
Holdings10% weightC54HigherC50
Durability5% weightB66HigherB56

Rank among MSCI ACWI / World funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. ACWI and CRBN are both graded against the same 6 MSCI ACWI / World funds, so their Grades compare head to head.

MSCI ACWI / World⁠

Category · 6 funds
See all 6 ›

ACWI ranks 3rd and CRBN 3rd of 6 funds in the MSCI ACWI / World Category.

  1. Rank 1AVTVanguard Total World Stock ETFScore 75
  2. Rank 2ASPGMState Street SPDR Portfolio MSCI Global Stock Market ETFScore 71
  3. Rank 3BACWIiShares MSCI ACWI ETFScore 61
  4. Rank 3BCRBNiShares Low Carbon Optimized MSCI ACWI ETFScore 61
  5. Rank 5BIOOiShares Global 100 ETFScore 56

Our read on each fund

ETF.net Research

ACWIBiShares MSCI ACWI ETF

CRBNBiShares Low Carbon Optimized MSCI ACWI ETF

In short

ACWI ACWI borrows its name from the benchmark pros use as shorthand for "global stocks": large and mid caps across developed and emerging markets, roughly 2,200 of them, bought in one trade.

CRBN Keeps the whole world in the basket, then leans it away from carbon. CRBN tracks an MSCI ACWI index built for lower carbon exposure, with screens on thermal coal, oil sands and controversial weapons.

Stated mandate

ACWI The fund seeks to track an index of large- and mid-cap equities across developed and emerging markets worldwide.

CRBN The fund seeks to track global equities through an index designed to have lower carbon exposure than the broad market, while applying screens for controversial weapons, oil sands, and thermal coal mining.

Why people hold it

  • ACWI One ticker, both halves of the world map: developed and emerging markets, large and mid caps, roughly 2,200 stocks in a single line item.
  • Charges 0.32% a year, below the 0.45% median for its index-tracking peer group.
  • Trading since 2008 and now a multi-billion-dollar fund that changes hands actively, which shows up in tight, dependable execution.
  • Sticks close to the MSCI All Country World Index it quotes, one of the stronger index implementations in its peer group.
  • CRBN Costs 0.20% a year, well under the 0.45% median for its index-wrapper cohort. Cheap for a screened, optimized mandate.
  • Not a niche slice. Roughly 1,100 stocks worldwide, so the carbon tilt sits on top of a whole-world equity core.
  • The rulebook is named out loud: the MSCI ACWI Low Carbon Target Index, plus stated exclusions. Portfolio and mandate line up tightly, top quartile among its peers.ishares.com
  • Trading since 2014, a long tenure for a climate-screened index fund, and a multi-billion-dollar fund today.

Worth knowing

  • ACWI Fee is the trade-off: VT runs the same one-ticker global idea at 0.06%.
  • The mandate stops at large and mid caps, so the world's smaller companies sit outside the portfolio.
  • Emerging-market holdings and foreign currencies come with the package, so returns move with more than just US stocks.
  • CRBN Thinly traded next to the household-name global index funds, so bid-ask spreads and order type matter more here.
  • The carbon tilt carries a price. VT wraps global stocks for 0.06%, roughly a third of the cost.
  • Cash comes back once or twice a year, not quarterly or monthly.

Full ACWI profile⁠

Full CRBN profile⁠

ACWI vs CRBN Holdings

Sectors

ACWICRBNSame weight

  • Information TechnologyACWI 31.3%CRBN 31.4%
  • FinancialsACWI 16.5%CRBN 18.9%
  • IndustrialsACWI 10.2%CRBN 9.4%
  • Health Care, same for bothACWI 9.1%CRBN 9.1%
  • Consumer DiscretionaryACWI 8.6%CRBN 8.0%
  • CommunicationACWI 7.6%CRBN 8.1%
  • Consumer StaplesACWI 5.1%CRBN 5.0%
  • EnergyACWI 4.3%CRBN 3.0%
  • MaterialsACWI 3.5%CRBN 2.9%
  • Utilities, same for bothACWI 2.4%CRBN 2.4%
  • Real EstateACWI 1.5%CRBN 1.9%

ACWI vs CRBN Cost

Expense ratio

  • 0.32%ACWI
  • 0.20%CRBN, cheaper
  • Middle half of MSCI ACWI / World funds
  • Median 0.26%

CRBN 3rd cheapest of 6 funds

ACWI 4th cheapest of 6 funds

$2,387less in fees with CRBN over 30 years, on $10,000 invested

$0$2,000$4,000$6,000$8,000Start10 years20 years30 years

Assumes $10,000 invested once and 7% growth a year before fees.

ACWI vs CRBN Dividends

Last 12 months to Oct 23, 2026
Yield (12M)
ACWI 1.43%
CRBN 2.03%, better
Payout (12M)
ACWI $2.25
CRBN $5.11
Last payment
ACWI $1.01
CRBN $1.73
Ex-dividend
ACWI Jun 15, 2026
CRBN Jun 15, 2026
Paid on
ACWI Jun 18, 2026
CRBN Jun 18, 2026
Frequency
ACWI Twice a year
CRBN Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

ACWITwice a year · 21 paymentsAll ACWI payments⁠
One bar per payment. 21 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.73; Dec 19, 2017 $0.67; Jun 19, 2018 $0.80; Dec 18, 2018 $0.60; Dec 28, 2018 $0.04; Jun 17, 2019 $0.91; Dec 16, 2019 $0.94; Jun 15, 2020 $0.61; Dec 14, 2020 $0.69; Jun 10, 2021 $0.72; Dec 13, 2021 $1.02; Dec 30, 2021 $0.07; Jun 9, 2022 $0.85; Dec 13, 2022 $0.68; Jun 7, 2023 $0.95; Dec 20, 2023 $0.96; Jun 11, 2024 $0.94; Dec 17, 2024 $1.07; Jun 16, 2025 $0.96; Dec 16, 2025 $1.24; Jun 15, 2026 $1.01. Use the arrow keys to read each point.$0$2.502017202020232026YTD
CRBNTwice a year · 20 paymentsAll CRBN payments⁠
One bar per payment. 20 payments from 2017 to 2026 YTD. Jun 20, 2017 $1.16; Dec 19, 2017 $1.24; Jun 19, 2018 $1.30; Dec 18, 2018 $1.29; Jun 17, 2019 $1.40; Dec 16, 2019 $1.53; Jun 15, 2020 $1.04; Dec 14, 2020 $1.07; Jun 10, 2021 $1.16; Dec 13, 2021 $1.41; Dec 30, 2021 $0.17; Jun 9, 2022 $1.47; Dec 13, 2022 $1.22; Jun 7, 2023 $1.50; Dec 20, 2023 $1.84; Jun 11, 2024 $1.49; Dec 17, 2024 $2.26; Jun 16, 2025 $1.71; Dec 16, 2025 $3.38; Jun 15, 2026 $1.73. Use the arrow keys to read each point.$0$2.502017202020232026YTD

ACWI vs CRBN Risk

Fall from peak · 5 years

  • ACWI
  • CRBN
Oct 22, 2021 to Oct 23, 2026. Worst fall: CRBN −27.0% · Oct 2022. Use the arrow keys to read each point.−25%−20%−15%−10%−5%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
ACWI 11.5%, betterCRBN 11.8%
Return per unit of riskSharpe ratio, 3 years
ACWI 1.39, betterCRBN 1.37
Worst fallMax drawdown, 5 years
ACWI −26.4%, betterCRBN −27.0%
Market sensitivityBeta, 5 years
ACWI 0.93CRBN 0.95

ACWI and CRBN in the news

All news⁠

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