ACWI vs CRBN: Grades, Fees and Holdings Compared

iShares MSCI ACWI ETF

ACWIBNasdaq

iShares Low Carbon Optimized MSCI ACWI ETF

CRBNBNYSE Arca

Overlap

76.4%by weight

Expense ratio

CRBN −0.12pt a year

ACWI0.32%CRBN0.20%

Avg volume · 30D

ACWI 296.3×the volume

ACWI2.41MCRBN8.14K

10Y return · a year

ACWI+12.5%CRBN+12.5%

ACWI vs CRBN Performance

Nov 12, 2021 – Nov 13, 2026

+59.1%ACWI+57.9%CRBN

Expense ratio: ACWI 0.32%; CRBN 0.20%, better
Fund size: ACWI $32.7B; CRBN $1.19B
1Y total return: ACWI +13.1%, better; CRBN +12.2%
Yield (12M): ACWI 1.44%; CRBN 2.03%, better
Holdings: ACWI 2220; CRBN 1067
Avg volume (30D): ACWI 2.41M sh, better; CRBN 8.14K sh
NAV per share: ACWI $156.45; CRBN $252.09
52W range

ETF.net Grade

Pillar letters and Scores for ACWI, CRBN, with each pillar’s weight
Pillar	ACWI	CRBN
Cost30% weight	C42	B57Higher
Mission25% weight	A89	A100Higher
Risk15% weight	C51	C51
Tradability15% weight	A73Higher	D35
Holdings10% weight	C54Higher	C50
Durability5% weight	B67Higher	B57

Rank among MSCI ACWI / World funds

How we build Categories ›

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 ›

CRBN ranks 3rd and ACWI 4th of 6 funds in the MSCI ACWI / World Category.

Rank 1AVTVanguard Total World Stock ETFScore 78
Rank 2ASPGMState Street SPDR Portfolio MSCI Global Stock Market ETFScore 70
Rank 3BCRBNiShares Low Carbon Optimized MSCI ACWI ETFScore 62
Rank 4BACWIiShares MSCI ACWI ETFScore 61
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

How ACWI and CRBN differ

Overlap by weight

76.4%

Shared holdings make up 99.5% of CRBN and 80.8% of ACWI.

Level by level

Holdings1,026 in both76.4%
Sector11 Sectors96.5%
Countryby domicile98.2%
Asset classStocks100%

Sector

Sector weights in ACWI and CRBN, widest gap first
Sector	Gap	ACWI	CRBN
Financials	CRBN +2.4 points	17.3%	19.7%
Energy	ACWI +1.2 points	4.1%	2.9%
Consumer Discretionary	ACWI +0.7 points	9.1%	8.4%
Industrials	ACWI +0.7 points	10.3%	9.6%
Communication	CRBN +0.6 points	7.3%	7.9%
Materials	ACWI +0.6 points	3.6%	3.0%
Real Estate	CRBN +0.5 points	1.6%	2.1%
Consumer Staples	ACWI +0.2 points	5.4%	5.2%
Health Care	ACWI +0.1 points	9.6%	9.5%
Technology	Same weight	29.2%	29.2%
Utilities	Same weight	2.5%	2.5%

Country, concentration and asset class

Country by domicile

Country weights in ACWI and CRBN, widest gap first
Country	More in ACWIMore in CRBN	Gap	ACWI	CRBN
United Kingdom		ACWI +0.8 points	3.3%	2.5%
Other countries (12)		CRBN +0.8 points	96.7%	97.5%

Outside the US: ACWI 69% developed, 31% emerging. CRBN 67% developed, 33% emerging.

Concentration

Weight in the 10 largest Holdings

ACWI24.0%
CRBN24.3%

Securities held

ACWI2,190
CRBN1,045

Asset class

ACWI: Stocks
CRBN: Stocks

Holdings

Only in ACWI1,164
In both1,026
Only in CRBN19

Only in ACWI

1,164 securities, 18.8% of ACWI by weight

Exxonmobil Holdings Corp0.68%
Chevron0.39%
Shell0.28%
Rtx0.27%
Ge Vernova0.21%
Bhp Group Ltd0.21%
Toyota Motor0.20%
Totalenergies0.17%
Conocophillips0.16%
Rolls-Royce Holdings PLC0.14%
Sandisk0.14%
Unilever PLC0.14%
Airbus Group0.14%
Hitachi0.13%
Lair Liquide Societe Anonyme Pour0.13%
Boeing0.13%
Lockheed Martin0.12%
Mckesson Corp0.12%
Safran SA0.12%
Marathon Petroleum0.12%
Bp PLC0.11%
Siemens Energy N AG0.11%
Valero Energy Corp0.11%
Southern0.10%
Phillips 660.10%
Duke Energy Corp0.10%
Canadian Natural Resources Ltd0.10%
Mitsubishi0.10%
Rio Tinto0.09%
Hon Hai Precision Industry Ltd0.09%
Space Exploration Technologies Cor0.08%
Enel0.08%
Reliance Industries Ltd0.08%
General Dynamics Corp0.08%
Itochu0.08%
Eog Resources0.08%
General Motors0.08%
Suncor Energy Inc0.08%
National Grid PLC0.08%
Cigna0.08%
Bae Systems PLC0.08%
Oreilly Automotive Inc0.07%
Mitsui0.07%
Northrop Grumman Corp0.07%
Honeywell International Inc0.07%
American Electric Power Inc0.07%
Fedex Corp0.07%
Air Products and Chemicals0.07%
Glencore PLC0.06%
Cardinal Health0.06%

Only in CRBN

19 securities, 0.1% of CRBN by weight

Promotora Y Operadora De Infraestr0.04%
Caixa Seguridade Participacoes SA0.02%
Shanjin International Gold Ltd A0.02%
Yunnan Energy New Material (Group)<0.01%
Bank of Chengdu Ltd A<0.01%
Tianqi Lithium Industries A<0.01%
Cosco Shipping Energy Transportati<0.01%
Plaza SA<0.01%
China Merchants Expressway Network<0.01%
Bank of Suzhou Ltd A<0.01%
Kuang-Chi Technologies Ltd A<0.01%
Wuhan Guide Infrared Ltd A<0.01%
Shanghai Putailai New Energy Techn<0.01%
Loongson Technology Corp Ltd A<0.01%
United Company Rusal0.00%
Vk Company Ltd0.00%
Php/Usd0.00%
Ozon Holdings Adr PLC0.00%
Polyus0.00%

Weight gaps

The 100 widest of 1,026 Holdings in both funds.

Holding weights in ACWI and CRBN, widest gap first
Holding	Gap	ACWI	CRBN
HalliburtonHAL	CRBN +0.25 points	0.03%	0.28%
Cheniere EnergyLNG	CRBN +0.22 points	0.06%	0.28%
Pembina Pipeline	CRBN +0.22 points	0.03%	0.25%
VylorVYLR	CRBN +0.21 points	0.05%	0.26%
Kinder MorganKMI	CRBN +0.20 points	0.06%	0.26%
Johnson & JohnsonJNJ	CRBN +0.19 points	0.66%	0.85%
American Water WorksAWK	CRBN +0.18 points	0.03%	0.21%
Tenaris SA	CRBN +0.17 points	0.01%	0.18%
Caterpillar IncCAT	ACWI +0.16 points	0.27%	0.11%
Dnb Bank	CRBN +0.16 points	0.03%	0.19%
Japan Post Holdings Ltd	CRBN +0.16 points	0.02%	0.18%
IdexIEX	CRBN +0.15 points	0.02%	0.17%
Enbridge	CRBN +0.16 points	0.10%	0.26%
Ametek IncAME	CRBN +0.16 points	0.05%	0.21%
L3HARRIS TechnologiesLHX	CRBN +0.15 points	0.05%	0.20%
Texas Pacific LandTPL	CRBN +0.14 points	0.02%	0.16%
EcolabECL	CRBN +0.14 points	0.08%	0.22%
Southern Copper CorpSCCO	CRBN +0.14 points	0.02%	0.16%
Altria Group IncMO	CRBN +0.14 points	0.13%	0.27%
Mitsubishi Hc Capital Inc	CRBN +0.14 points	<0.01%	0.15%
Aercap HoldingsAER	CRBN +0.13 points	0.03%	0.16%
Hydro One	CRBN +0.14 points	0.01%	0.15%
United Utilities Group PLCUU.L	CRBN +0.14 points	0.01%	0.15%
Coca-ColaKO	CRBN +0.13 points	0.37%	0.50%
WilliamsWMB	CRBN +0.13 points	0.08%	0.21%
Mcdonalds CorpMCD	CRBN +0.12 points	0.19%	0.31%
Nestle SA	ACWI +0.12 points	0.26%	0.14%
Ingersoll RandIR	CRBN +0.13 points	0.03%	0.16%
Berkshire Hathaway Inc Class BBRK.B	ACWI +0.12 points	0.81%	0.69%
Investor Class B	CRBN +0.11 points	0.08%	0.19%
Transurban Group Stapled Units	CRBN +0.11 points	0.03%	0.14%
Givaudan SA	CRBN +0.12 points	0.04%	0.16%
Mitsubishi Ufj Financial Group	CRBN +0.11 points	0.23%	0.34%
Exelon CorpEXC	CRBN +0.11 points	0.05%	0.16%
Orix	CRBN +0.11 points	0.04%	0.15%
OneokOKE	CRBN +0.11 points	0.05%	0.16%
Nomura Holdings	CRBN +0.11 points	0.03%	0.14%
Westinghouse Air Brake TechnologieWAB	CRBN +0.11 points	0.05%	0.16%
Ems-Chemie Holding AG	CRBN +0.10 points	<0.01%	0.11%
Technipfmc PLCFTI	CRBN +0.10 points	0.03%	0.13%
Alphabet Class AGOOGL	CRBN +0.10 points	1.69%	1.79%
Ferrari	CRBN +0.10 points	0.05%	0.15%
Daiwa Securities Group	CRBN +0.10 points	0.01%	0.12%
Antofagasta PLCANTO.L	CRBN +0.10 points	0.02%	0.12%
Severn Trent PLCSVT.L	CRBN +0.10 points	0.01%	0.11%
Citic Ltd	CRBN +0.09 points	<0.01%	0.10%
Mowi	CRBN +0.10 points	<0.01%	0.11%
Cme Group Class ACME	CRBN +0.10 points	0.11%	0.21%
British American TobaccoBATS.L	CRBN +0.10 points	0.12%	0.22%
Baker Hughes Class ABKR	CRBN +0.09 points	0.05%	0.14%
Power Grid Corporation of India	CRBN +0.10 points	0.01%	0.11%
Sumitomo Mitsui Financial Group	CRBN +0.09 points	0.15%	0.24%
Cathay Financial Holding	CRBN +0.09 points	0.03%	0.12%
Royalty Pharma PLC Class ARPRX	CRBN +0.09 points	0.03%	0.12%
Alphabet Class CGOOG	ACWI +0.10 points	1.34%	1.24%
Mizuho Financial Group	CRBN +0.09 points	0.12%	0.21%
Industrivarden Series	CRBN +0.09 points	0.01%	0.10%
Hensoldt AG	CRBN +0.08 points	<0.01%	0.09%
Reliance Steel & AluminumRS	CRBN +0.09 points	0.02%	0.11%
AppleAAPL	CRBN +0.09 points	5.13%	5.22%
Philip Morris InternationalPM	CRBN +0.09 points	0.30%	0.39%
Japan Tobacco	CRBN +0.08 points	0.04%	0.12%
Schneider Electric	CRBN +0.09 points	0.14%	0.23%
United RentalsURI	CRBN +0.09 points	0.07%	0.16%
Edison InternationalEIX	CRBN +0.09 points	0.02%	0.11%
Japan Post Bank Ltd	CRBN +0.08 points	0.04%	0.12%
Bharat Electronics Ltd	CRBN +0.09 points	0.01%	0.10%
Aena Sme SA	CRBN +0.08 points	0.02%	0.10%
Procter & GamblePG	CRBN +0.08 points	0.38%	0.46%
China Yangtze Power Ltd A	CRBN +0.08 points	<0.01%	0.09%
ChubbCB	CRBN +0.08 points	0.13%	0.21%
FortiveFTV	CRBN +0.08 points	0.02%	0.10%
Johnson Controls International PLCJCI	ACWI +0.08 points	0.09%	<0.01%
PaychexPAYX	CRBN +0.08 points	0.04%	0.12%
PfizerPFE	CRBN +0.08 points	0.16%	0.24%
Tc Energy	CRBN +0.08 points	0.06%	0.14%
Brookfield Class A	ACWI +0.08 points	0.08%	<0.01%
AflacAFL	CRBN +0.07 points	0.06%	0.13%
Ge AerospaceGE	ACWI +0.08 points	0.35%	0.27%
Sompo Holdings	CRBN +0.07 points	0.04%	0.11%
Getlink	CRBN +0.07 points	<0.01%	0.08%
Atlas Copco Class B	CRBN +0.08 points	0.02%	0.10%
Telenor	CRBN +0.07 points	<0.01%	0.08%
Fortum	CRBN +0.07 points	0.01%	0.08%
Central Japan Railway	CRBN +0.07 points	0.02%	0.09%
Legrand SA	CRBN +0.07 points	0.04%	0.11%
American International GroupAIG	CRBN +0.07 points	0.04%	0.11%
Curtiss WrightCW	CRBN +0.07 points	0.02%	0.09%
Nn Group	CRBN +0.07 points	0.02%	0.09%
Quest Diagnostics IncDGX	CRBN +0.07 points	0.03%	0.10%
Smc (Japan) Corp	CRBN +0.07 points	0.02%	0.09%
Union PacificUNP	CRBN +0.06 points	0.18%	0.24%
Kgi Financial Holding	CRBN +0.06 points	0.02%	0.08%
Bristol Myers SquibbBMY	CRBN +0.06 points	0.13%	0.19%
Visa Class AV	CRBN +0.07 points	0.69%	0.76%
Mondelez International Class AMDLZ	ACWI +0.06 points	0.08%	0.02%
Abb Ltd	CRBN +0.07 points	0.13%	0.20%
Terna Rete Elettrica Nazionale	CRBN +0.06 points	0.02%	0.08%
Allianz	CRBN +0.07 points	0.19%	0.26%
FastenalFAST	CRBN +0.07 points	0.06%	0.13%

All 2,192 ACWI holdings⁠All 1,043 CRBN holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ACWI vs CRBN Cost

Overpaying ACWI vs CRBN

$2,387

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

ACWI 0.32%
$6,542
CRBN 0.20%
$4,155

Amount$10,000

Years30 years

Cost over time

ACWI 0.32%
CRBN 0.20%
Overpaying

Year by year

Year	ACWI	CRBN	Overpaying
10	$580	$365	$215
20	$2,250	$1,421	$829
30	$6,542	$4,155	$2,387

Expense ratio

0.32%ACWI
0.20%CRBN, cheaper

CRBN0.20%ACWI0.32%

0.06%0.50%

Middle half of MSCI ACWI / World funds
Median 0.26%

CRBN 3rd cheapest of 6 funds

ACWI 4th cheapest of 6 funds

ACWI vs CRBN Dividends

Last 12 months to Nov 13, 2026

Yield (12M): ACWI 1.44%; 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

CRBNTwice a year · 20 paymentsAll CRBN payments⁠

ACWI vs CRBN Risk

Fall from peak · 5 years

ACWI
CRBN

Risk facts

VolatilityStd dev, 3 years: ACWI 11.4%, betterCRBN 11.7%
Return per unit of riskSharpe ratio, 3 years: ACWI 1.43, betterCRBN 1.40
Worst fallMax drawdown, 5 years: ACWI −26.4%, betterCRBN −27.0%
Market sensitivityBeta, 5 years: ACWI 0.93CRBN 0.95; Market = 1

ACWI and CRBN in the news

All news⁠

News
OECD raises 2026 growth to 2.9% on AI, lifts 2027 inflation to 3.6%
Sep 23, 2026ACWI
ETF Filings
Calamos to liquidate its Giannis Antetokounmpo sustainable ETF
Sep 11, 2026ACWI

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ACWI vs CRBN

In short

Stated mandate

Why people hold it

Worth knowing

How ACWI and CRBN differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ACWI

Only in CRBN

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

OECD raises 2026 growth to 2.9% on AI, lifts 2027 inflation to 3.6%

Calamos to liquidate its Giannis Antetokounmpo sustainable ETF

How ACWI and CRBN differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ACWI

Only in CRBN

Weight gaps