ACWI vs DGT: Grades, Fees and Holdings Compared

iShares MSCI ACWI ETF

ACWIBNasdaq

State Street SPDR Global Dow ETF

DGTCNYSE Arca

Overlap

32.7%by weight

Expense ratio

ACWI −0.18pt a year

ACWI0.32%DGT0.50%

Avg volume · 30D

ACWI 194.3×the volume

ACWI2.47MDGT12.7K

10Y return · a year

DGT +1.5pt

ACWI+12.4%DGT+13.9%

ACWI vs DGT Performance

Nov 9, 2021 – Nov 9, 2026

+59.5%ACWI+92.0%DGT

Expense ratio: ACWI 0.32%, better; DGT 0.50%
Fund size: ACWI $31.5B; DGT $658M
1Y total return: ACWI +13.8%; DGT +20.4%, better
Yield (12M): ACWI 1.44%; DGT 2.48%, better
Holdings: ACWI 2223; DGT 173
Avg volume (30D): ACWI 2.47M sh, better; DGT 12.7K sh
NAV per share: ACWI $152.30; DGT $186.70
52W range

ETF.net Grade

Pillar letters and Scores for ACWI, DGT, with each pillar’s weight
Pillar	ACWI	DGT
Cost30% weight	C42Higher	F13
Mission25% weight	A89	A94Higher
Risk15% weight	C50	A76Higher
Tradability15% weight	A73Higher	D29
Holdings10% weight	B56	A81Higher
Durability5% weight	B67Higher	C44

Rank among MSCI ACWI / World funds

How we build Categories ›

Same Category. ACWI and DGT 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 DGT 6th 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 71
Rank 3BACWIiShares MSCI ACWI ETFScore 62
Rank 4BCRBNiShares Low Carbon Optimized MSCI ACWI ETFScore 60
Rank 5BIOOiShares Global 100 ETFScore 56
Rank 6CDGTState Street SPDR Global Dow ETFScore 53

Our read on each fund

ETF.net Research

ACWIBiShares MSCI ACWI ETF

DGTCState Street SPDR Global Dow 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.

DGT Most global funds rank the world by market cap. DGT tracks the Global Dow: 150 blue chips chosen by a committee for their weight in the world economy, each held in equal size and reset to equal every September. A curated list, not a size ladder.

Stated mandate

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

DGT The fund seeks to provide investment results that generally correspond to the total return performance of the Global Dow Index before fees and expenses.

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.

DGT Equal weighting, reset to equal each September, so no single megacap dominates the portfolio the way it does in cap-weighted global funds.ssga.com
Membership is judgment, not a screen: S&P Dow Jones picks the roughly 150 names on size, reputation and importance to the global economy, across developed and emerging markets.ssga.com
Trading since 2000, a plain 1940 Act index fund that pays quarterly and hugs its benchmark closely. Top-quartile implementation among index wrappers we track.

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.

DGT The curation costs money: 0.50% a year, above the median index wrapper and well above cap-weighted global funds like VT at 0.06%.
Thinly traded, so bid-ask spreads can run wider than on the household-name global funds.
About 150 equally weighted names is a narrower, less megacap-driven slice of the world than total-market funds holding thousands of stocks.

Full ACWI profile⁠

Full DGT profile⁠

ACWI vs DGT Holdings

How ACWI and DGT differ

Overlap by weight

32.7%

Shared holdings make up 95.1% of DGT and 51.5% of ACWI.

Level by level

Holdings146 in both32.7%
Countryby domicile84.0%
Sector11 Sectors86.8%
Asset classStocks100%

Sector

Sector weights in ACWI and DGT, widest gap first
Sector	Gap	ACWI	DGT
Technology	ACWI +11.6 points	29.2%	17.6%
Industrials	DGT +3.4 points	10.3%	13.7%
Health Care	DGT +2.4 points	9.6%	12.0%
Consumer Staples	DGT +2.2 points	5.4%	7.6%
Consumer Discretionary	DGT +1.9 points	9.1%	11.0%
Energy	DGT +1.9 points	4.1%	6.0%
Communication	ACWI +1.1 points	7.3%	6.2%
Utilities	DGT +1.1 points	2.5%	3.6%
Financials	ACWI +0.3 points	17.3%	17.0%
Materials	DGT +0.3 points	3.6%	3.9%
Real Estate	ACWI +0.2 points	1.6%	1.4%

Country, concentration and asset class

Country by domicile

Country weights in ACWI and DGT, widest gap first
Country	Gap	ACWI	DGT
United States	ACWI +8.5 points	68.7%	60.2%
Canada	ACWI +2.6 points	3.3%	0.7%
Taiwan	ACWI +2.6 points	3.2%	0.6%
United Kingdom	DGT +2.4 points	3.5%	5.9%
France	DGT +2.3 points	2.2%	4.5%
Germany	DGT +1.9 points	2.1%	4.0%
Spain	DGT +1.7 points	0.0%	1.7%
Japan	DGT +1.3 points	5.5%	6.8%
Other countries (12)	DGT +4.1 points	11.5%	15.6%

Outside the US: ACWI 69% developed, 31% emerging. DGT 79% developed, 21% emerging.

Concentration

Weight in the 10 largest Holdings

ACWI24.3%
DGT8.3%

Securities held

ACWI2,188
DGT156

Asset class

ACWI: Stocks
DGT: Stocks

Holdings

Only in ACWI2,042
In both146
Only in DGT10

Only in ACWI

2,042 securities, 48.1% of ACWI by weight

Taiwan Semiconductor Manufacturing1.63%
Samsung Electronics Ltd0.66%
Mastercard Class A0.54%
Thermo Fisher Scientific0.26%
Texas Instrument0.25%
Crowdstrike Holdings Class A0.22%
Morgan Stanley0.22%
Citigroup0.21%
Toronto Dominion0.21%
Commonwealth Bank of Australia0.19%
Amphenol Corp Class A0.19%
Arista Networks0.19%
Kla0.18%
Shopify Subordinate Voting Class A0.18%
Analog Devices0.18%
Welltower0.18%
BlackRock0.18%
Intuitive Surgical0.16%
Iberdrola0.16%
Charles Schwab0.15%
Tjx0.15%
Mediatek0.15%
Danaher0.15%
S&P Global0.14%
Recruit Holdings0.14%
Unilever PLC0.14%
Vertex Pharmaceuticals0.14%
Schneider Electric0.14%
Sumitomo Mitsui Financial Group0.14%
Rolls-Royce Holdings PLC0.14%
Progressive0.14%
Eaton PLC0.13%
Novo Nordisk Class B0.13%
Newmont0.13%
Airbus Group0.13%
Advantest0.13%
Chubb0.13%
Altria Group Inc0.13%
Bristol Myers Squibb0.13%
Hitachi0.13%
Lowes Companies Inc0.13%
British American Tobacco0.13%
Mckesson Corp0.13%
Sandisk0.13%
Uber Technologies0.12%
Marvell Technology0.12%
Automatic Data Processing Inc0.12%
Lockheed Martin0.12%
Bank of Montreal0.12%
Capital One Financial Corp0.12%

Only in DGT

10 securities, 4.1% of DGT by weight

Infosys Ltd Sp Adr0.78%
America Movil Sab De C Ser B0.75%
Generali0.64%
Taiwan Semiconductor Sp Adr0.58%
Shell PLC0.54%
Alibaba Group Holding Sp Adr0.34%
Samsung Electronics Co Ltd0.27%
Samsung Electr Gdr Reg’s0.21%
Reliance Inds Spons Gdr 144A0.04%
Mexican Peso (New)<0.01%

Weight gaps

The 100 widest of 146 Holdings in both funds.

Holding weights in ACWI and DGT, widest gap first
Holding	Gap	ACWI	DGT
AppleAAPL	ACWI +4.37 points	5.10%	0.73%
NVIDIANVDA	ACWI +3.79 points	4.35%	0.56%
MicrosoftMSFT	ACWI +3.07 points	3.80%	0.73%
Amazon.com IncAMZN	ACWI +1.85 points	2.55%	0.70%
Alphabet Class AGOOGL	ACWI +1.37 points	1.69%	0.32%
Alphabet Class CGOOG	ACWI +1.09 points	1.35%	0.26%
Carnival Corp LtdCCL	DGT +0.84 points	0.04%	0.88%
Accenture PLC Class AACN	DGT +0.84 points	0.16%	1.00%
Broadcom IncAVGO	ACWI +0.80 points	1.35%	0.55%
Dupont De NemoursDD	DGT +0.76 points	0.02%	0.78%
Tata Consultancy Services Ltd	DGT +0.76 points	0.02%	0.78%
EbayEBAY	DGT +0.75 points	0.05%	0.80%
Meta Platforms Class AMETA	ACWI +0.73 points	1.36%	0.63%
PayPal HoldingsPYPL	DGT +0.72 points	0.05%	0.77%
Takeda Pharmaceutical	DGT +0.69 points	0.07%	0.76%
Honda Motor	DGT +0.70 points	0.04%	0.74%
Simon Property Group Reit IncSPG	DGT +0.69 points	0.07%	0.76%
Canon	DGT +0.68 points	0.02%	0.70%
3MMMM	DGT +0.67 points	0.10%	0.77%
Colgate-PalmoliveCL	DGT +0.67 points	0.07%	0.74%
Ericsson B	DGT +0.66 points	0.03%	0.69%
American International GroupAIG	DGT +0.66 points	0.04%	0.70%
Honeywell International IncHON	DGT +0.66 points	0.07%	0.73%
United Parcel Service Inc Class BUPS	DGT +0.66 points	0.08%	0.74%
E.on N	DGT +0.65 points	0.05%	0.70%
Anheuser-Busch Inbev SA	DGT +0.65 points	0.08%	0.73%
National Grid PLCNG.L	DGT +0.65 points	0.08%	0.73%
Nike Class BNKE	DGT +0.65 points	0.05%	0.70%
Travelers CompaniesTRV	DGT +0.65 points	0.08%	0.73%
Naspers Limited Class N	DGT +0.64 points	0.04%	0.68%
IntuitINTU	DGT +0.65 points	0.09%	0.74%
Industrial and Commercial Bank of	DGT +0.63 points	0.07%	0.70%
Compagnie De Saint Gobain SA	DGT +0.63 points	0.04%	0.67%
Mondelez International Class AMDLZ	DGT +0.62 points	0.09%	0.71%
Medtronic PLCMDT	DGT +0.62 points	0.13%	0.75%
Duke Energy CorpDUK	DGT +0.62 points	0.10%	0.72%
China Construction Bank Corp H	DGT +0.62 points	0.11%	0.73%
Basf N	DGT +0.62 points	0.05%	0.67%
Fedex CorpFDX	DGT +0.60 points	0.07%	0.67%
Engie SA	DGT +0.60 points	0.05%	0.65%
GlaxosmithklineGSK.L	DGT +0.60 points	0.10%	0.70%
Telefonica SA	DGT +0.60 points	0.01%	0.61%
Sony Group	DGT +0.60 points	0.15%	0.75%
Lair Liquide Societe Anonyme Pour	DGT +0.59 points	0.13%	0.72%
Starbucks CorpSBUX	DGT +0.59 points	0.12%	0.71%
Vinci SA	DGT +0.59 points	0.06%	0.65%
National Australia Bank	DGT +0.58 points	0.09%	0.67%
Reliance Industries Ltd	DGT +0.59 points	0.08%	0.67%
Bae Systems PLCBA.L	DGT +0.57 points	0.08%	0.65%
Gilead SciencesGILD	DGT +0.57 points	0.21%	0.78%
Hp IncHPQ	DGT +0.56 points	0.03%	0.59%
Walt DisneyDIS	DGT +0.56 points	0.20%	0.76%
Petroleo Brasileiro Pref SA	DGT +0.55 points	0.04%	0.59%
Bp PLCBP.L	DGT +0.55 points	0.12%	0.67%
Amgen IncAMGN	DGT +0.55 points	0.25%	0.80%
Mitsubishi	DGT +0.54 points	0.10%	0.64%
PfizerPFE	DGT +0.54 points	0.17%	0.71%
Adobe IncADBE	DGT +0.54 points	0.10%	0.64%
Mcdonalds CorpMCD	DGT +0.54 points	0.20%	0.74%
Anglo American PLCAAL.L	DGT +0.54 points	0.05%	0.59%
Toyota Motor	DGT +0.53 points	0.20%	0.73%
Lvmh	DGT +0.53 points	0.11%	0.64%
Nextera EnergyNEE	DGT +0.52 points	0.19%	0.71%
Deutsche Bank AG	DGT +0.52 points	0.06%	0.58%
Union PacificUNP	DGT +0.52 points	0.17%	0.69%
Howmet AerospaceHWM	DGT +0.52 points	0.08%	0.60%
Mitsui	DGT +0.52 points	0.07%	0.59%
SlbSLB	DGT +0.51 points	0.08%	0.59%
Bank of New York Mellon CorpBNY	DGT +0.52 points	0.10%	0.62%
Abbott LaboratoriesABT	DGT +0.52 points	0.19%	0.71%
Prologis ReitPLD	DGT +0.51 points	0.12%	0.63%
Astrazeneca PLCAZN.L	DGT +0.52 points	0.28%	0.80%
ConocophillipsCOP	DGT +0.51 points	0.17%	0.68%
Linde PLCLIN	DGT +0.51 points	0.24%	0.75%
DeereDE	DGT +0.50 points	0.17%	0.67%
PepsicoPEP	DGT +0.50 points	0.20%	0.70%
Sap	DGT +0.50 points	0.24%	0.74%
American ExpressAXP	DGT +0.50 points	0.17%	0.67%
Booking HoldingsBKNG	DGT +0.50 points	0.13%	0.63%
Novartis AG	DGT +0.49 points	0.30%	0.79%
Cvs HealthCVS	DGT +0.48 points	0.11%	0.59%
Totalenergies	DGT +0.48 points	0.18%	0.66%
Komatsu	DGT +0.48 points	0.03%	0.51%
Allianz	DGT +0.48 points	0.19%	0.67%
Bnp Paribas SA	DGT +0.48 points	0.10%	0.58%
Unicredit	DGT +0.47 points	0.12%	0.59%
Nestle SA	DGT +0.46 points	0.27%	0.73%
QualcommQCOM	DGT +0.46 points	0.18%	0.64%
International Business Machines CoIBM	DGT +0.46 points	0.23%	0.69%
Rio TintoRIO.L	DGT +0.45 points	0.10%	0.55%
Mizuho Financial Group	DGT +0.45 points	0.11%	0.56%
Banco Bilbao Vizcaya Argentaria	DGT +0.44 points	0.15%	0.59%
Abb Ltd	DGT +0.44 points	0.13%	0.57%
BoeingBA	DGT +0.44 points	0.13%	0.57%
Ubs Group AG	DGT +0.44 points	0.15%	0.59%
AT&TT	DGT +0.43 points	0.15%	0.58%
Siemens N AG	DGT +0.42 points	0.22%	0.64%
Verizon Communications IncVZ	DGT +0.43 points	0.19%	0.62%
ServicenowNOW	DGT +0.42 points	0.11%	0.53%
SalesforceCRM	DGT +0.42 points	0.17%	0.59%

All 2,192 ACWI holdings⁠All 152 DGT 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 DGT Cost

Overpaying DGT vs ACWI

$3,437

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

ACWI 0.32%
$6,542
DGT 0.50%
$9,979

Amount$10,000

Years30 years

Cost over time

ACWI 0.32%
DGT 0.50%
Overpaying

Year by year

Year	ACWI	DGT	Overpaying
10	$580	$900	$320
20	$2,250	$3,460	$1,210
30	$6,542	$9,979	$3,437

Expense ratio

0.32%ACWI, cheaper
0.50%DGT

ACWI0.32%DGT0.50%

0.06%0.50%

Middle half of MSCI ACWI / World funds
Median 0.26%

ACWI 4th cheapest of 6 funds

DGT 6th cheapest of 6 funds

ACWI vs DGT Dividends

Last 12 months to Nov 9, 2026

Yield (12M): ACWI 1.44%; DGT 2.48%, better
Payout (12M): ACWI $2.25; DGT $4.76
Last payment: ACWI $1.01; DGT $0.48
Ex-dividend: ACWI Jun 15, 2026; DGT Sep 21, 2026
Paid on: ACWI Jun 18, 2026; DGT Sep 23, 2026
Frequency: ACWI Twice a year; DGT Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

ACWITwice a year · 21 paymentsAll ACWI payments⁠

DGTQuarterly · 39 paymentsAll DGT payments⁠

ACWI vs DGT Risk

Fall from peak · 5 years

ACWI
DGT

Risk facts

VolatilityStd dev, 3 years: ACWI 11.4%DGT 10.4%, better
Return per unit of riskSharpe ratio, 3 years: ACWI 1.43DGT 1.74, better
Worst fallMax drawdown, 5 years: ACWI −26.4%DGT −25.2%, better
Market sensitivityBeta, 5 years: ACWI 0.93DGT 0.84; Market = 1

ACWI and DGT 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 DGT

In short

Stated mandate

Why people hold it

Worth knowing

How ACWI and DGT differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ACWI

Only in DGT

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 DGT differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ACWI

Only in DGT

Weight gaps