ACWI vs VT: Grades, Fees and Holdings Compared

iShares MSCI ACWI ETF

ACWIBNasdaq

Vanguard Total World Stock ETF

VTANYSE Arca

Overlap

83.6%by weight

Expense ratio

VT −0.26pt a year

ACWI0.32%VT0.06%

Avg volume · 30D

VT 1.1×the volume

ACWI2.41MVT2.63M

10Y return · a year

ACWI +0.1pt

ACWI+12.5%VT+12.4%

ACWI vs VT Performance

Nov 12, 2021 – Nov 13, 2026

+59.1%ACWI+57.4%VT

Expense ratio: ACWI 0.32%; VT 0.06%, better
Fund size: ACWI $32.7B; VT $81.8B
1Y total return: ACWI +13.1%; VT +13.3%, better
Yield (12M): ACWI 1.44%; VT 1.55%, better
Holdings: ACWI 2220; VT 10220
Avg volume (30D): ACWI 2.41M sh; VT 2.63M sh, better
NAV per share: ACWI $156.45; VT $155.61
52W range

ETF.net Grade

Pillar letters and Scores for ACWI, VT, with each pillar’s weight
Pillar	ACWI	VT
Cost30% weight	C42	A88Higher
Mission25% weight	A89	A100Higher
Risk15% weight	C51	C51
Tradability15% weight	A73Higher	B58
Holdings10% weight	C54	B64Higher
Durability5% weight	B67	A79Higher

Rank among MSCI ACWI / World funds

How we build Categories ›

Same Category. ACWI and VT 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 ›

VT ranks 1st 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

VTAVanguard Total World Stock 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.

VT One ticker, the whole investable stock market: roughly 9,800 stocks across developed and emerging markets, weighted by what the market says they're worth. There is no US-versus-international call left for you to make.

Stated mandate

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

VT The fund seeks to passively track the FTSE Global All Cap Index, which represents large-, mid-, and small-capitalization stocks of companies in developed and emerging markets worldwide.

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.

VT 0.06% a year, against a 0.45% median for the index wrappers it competes with. Worldwide coverage for a rounding error.
Its benchmark comes from the FTSE Global Equity Index Series, which covers 98% of the world's investable market cap: large, mid and small caps, developed and emerging alike.vanguard.com
Passively run with index sampling and kept fully invested. Tracking of the index has been about as tight as this cohort gets, and it trades actively enough to keep spreads thin.vanguard.com
Live since 2008 and now a multi-billion-dollar fund, it ranks among the strongest implementations in its peer group. Pays quarterly.

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.

VT Market-cap weighting hands the steering wheel to the market. The biggest countries and companies dominate, and those weights drift with prices, never tilting back.vanguard.com vanguard.com 2
All equity, all the time: emerging markets and unhedged foreign currency come with the package, and there is no bond sleeve to cushion a selloff.
Single-market index funds shave the fee further (SCHK at 0.03%, SPYV at 0.04%). Global reach costs a couple of basis points more.

Full ACWI profile⁠

Full VT profile⁠

ACWI vs VT Holdings

How ACWI and VT differ

Overlap by weight

83.6%

Shared holdings make up 98.0% of ACWI and 86.1% of VT.

Level by level

Holdings2,015 in both83.6%
Countryby domicile91.2%
Sector11 Sectors95.5%
Asset classStocks100%

Sector

Sector weights in ACWI and VT, widest gap first
Sector	Gap	ACWI	VT
Technology	VT +2.8 points	29.2%	32.0%
Financials	ACWI +1.5 points	17.3%	15.8%
Health Care	ACWI +1.0 points	9.6%	8.6%
Consumer Staples	ACWI +1.0 points	5.4%	4.4%
Industrials	VT +0.6 points	10.3%	10.9%
Consumer Discretionary	ACWI +0.6 points	9.1%	8.5%
Real Estate	VT +0.6 points	1.6%	2.2%
Utilities	ACWI +0.2 points	2.5%	2.3%
Materials	VT +0.3 points	3.6%	3.9%
Communication	VT +0.2 points	7.3%	7.5%
Energy	ACWI +0.1 points	4.1%	4.0%

Country, concentration and asset class

Country by domicile

Country weights in ACWI and VT, widest gap first
Country	Gap	ACWI	VT
United States	ACWI +7.0 points	69.4%	62.4%
South Africa	VT +1.1 points	0.0%	1.1%
Spain	VT +0.8 points	0.0%	0.8%
Japan	VT +0.7 points	5.3%	6.0%
Italy	VT +0.7 points	0.0%	0.7%
Sweden	VT +0.7 points	0.0%	0.7%
Other countries (33)	VT +2.8 points	25.4%	28.2%

Outside the US: ACWI 69% developed, 31% emerging. VT 65% developed, 35% emerging.

Concentration

Weight in the 10 largest Holdings

ACWI24.0%
VT22.3%

Securities held

ACWI2,190
VT10,155

Asset class

ACWI: Stocks
VT: Stocks

Holdings

Only in ACWI175
In both2,015
Only in VT8,140

Only in ACWI

175 securities, 1.7% of ACWI by weight

Reliance Industries Ltd0.08%
Nordea Bank0.06%
Basf N0.05%
Teva Pharmaceutical Industries0.05%
Ferrari0.05%
Al Rajhi Bank0.05%
Vylor0.05%
Waste Connections0.05%
Adidas N AG0.03%
The Saudi National Bank0.03%
Ferrovial NV0.03%
Stmicroelectronics0.03%
Teck Resources Subordinate Voting0.03%
Larsen and Toubro Ltd0.03%
Sea Ads Representing Ltd Class A0.03%
Coca Cola Europacific Partners PLC0.02%
Aib Group PLC0.02%
First Abu Dhabi Bank0.02%
Tata Consultancy Services Ltd0.02%
Bombardier Class B0.02%
State Bank of India0.02%
Emirates Telecommunications Group0.02%
Amrize AG0.02%
Kerry Group PLC0.02%
Bt Group PLC0.02%
Eternal0.02%
Delta Electronics (Thailand) Non-V0.02%
Edp Energias De Portugal0.02%
Cgi Inc Class A0.02%
Shriram Finance Ltd0.02%
Ntpc Ltd0.01%
Vonovia SE0.01%
Advanced Info Service Non-Voting D0.01%
Ptt Non-Voting Dr0.01%
Abu Dhabi Commercial Bank0.01%
Henkel & Kgaa Pref AG0.01%
Upm-Kymmene0.01%
Power Grid Corporation of India0.01%
Interglobe Aviation Ltd0.01%
Tech Mahindra0.01%
Rogers Communications Non-Voting I0.01%
Tvs Motor Company0.01%
Ccl Industries Class B0.01%
H World Group Adr0.01%
Jsw Steel0.01%
Canadian Utilities Ltd Class A0.01%
Trent Ltd<0.01%
Galp Energia Sgps SA Class B<0.01%
Adani Ports and Special Economic Z<0.01%
Cp All Non-Voting Dr<0.01%

Only in VT

8,140 securities, 13.1% of VT by weight

SLBBH11420.54%
MSCI EAFE Dec260.13%
Berkshire Hathaway Inc0.08%
MSCI EmgMkt Dec260.07%
Warner Bros Discovery Inc0.06%
Reliance Industries Ltd0.06%
Moderna Inc0.06%
Nordea Bank Abp0.05%
Usd/Jpy Fwd 202612160.05%
Air Liquide SA0.05%
L'Oreal SA0.05%
Basf SE0.04%
Al Rajhi Bank0.04%
Ferrari NV0.04%
Teva Pharmaceutical Industries Ltd0.04%
Inr/Usd Fwd 202612160.04%
Waste Connections Inc0.03%
Kenvue Inc0.03%
STMicroelectronics NV0.03%
Teck Resources Ltd0.03%
Saudi National Bank/The0.03%
Sunbelt Rentals Holdings Inc0.03%
Usd/Chf Fwd 202612160.02%
AIB Group PLC0.02%
adidas AG0.02%
Larsen & Toubro Ltd0.02%
Engie SA0.02%
Ferrovial NV0.02%
First Abu Dhabi Bank PJSC0.02%
Guardant Health Inc0.02%
Investor AB0.02%
Tata Consultancy Services Ltd0.02%
Viatris Inc0.02%
Coca-Cola Europacific Partners PLC0.02%
US Foods Holding Corp0.02%
Amrize Ltd0.02%
Royal Gold Inc0.02%
Tenet Healthcare Corp0.02%
Roku Inc0.02%
TD SYNNEX Corp0.02%
Emirates Telecommunications Group Co PJSC0.02%
Bombardier Inc0.02%
Woodward Inc0.02%
MACOM Technology Solutions Holdings Inc0.02%
ITT Inc0.02%
Nutanix Inc0.02%
Edp SA0.02%
TRS:GOLDMAN SACHS GROUP INC USD 2027-Aug-310.02%
MKS Inc0.02%
Revvity Inc0.02%

Weight gaps

The 100 widest of 2,015 Holdings in both funds.

Holding weights in ACWI and VT, widest gap first
Holding	Gap	ACWI	VT
AppleAAPL	ACWI +1.05 points	5.13%	4.08%
NVIDIANVDA	VT +0.60 points	3.92%	4.52%
Amazon.com IncAMZN	ACWI +0.48 points	2.53%	2.05%
MicrosoftMSFT	ACWI +0.38 points	3.61%	3.23%
Eli LillyLLY	ACWI +0.35 points	1.13%	0.78%
Tesla IncTSLA	ACWI +0.22 points	1.10%	0.88%
Intel CorporationINTC	VT +0.20 points	0.27%	0.47%
Visa Class AV	ACWI +0.17 points	0.69%	0.52%
WalmartWMT	ACWI +0.15 points	0.54%	0.39%
Mastercard Class AMA	ACWI +0.15 points	0.53%	0.38%
JPMorgan Chase & CoJPM	ACWI +0.15 points	0.90%	0.75%
Broadcom IncAVGO	ACWI +0.14 points	1.53%	1.39%
Taiwan Semiconductor Manufacturing	ACWI +0.14 points	1.76%	1.62%
Costco Wholesale CorpCOST	ACWI +0.13 points	0.47%	0.34%
Johnson & JohnsonJNJ	ACWI +0.12 points	0.66%	0.54%
Berkshire Hathaway Inc Class BBRK.B	ACWI +0.12 points	0.81%	0.69%
AbbVieABBV	ACWI +0.12 points	0.51%	0.39%
Micron TechnologyMU	VT +0.12 points	0.90%	1.02%
Sk Hynix	VT +0.11 points	0.52%	0.63%
Exxonmobil Holdings CorpXOM	ACWI +0.11 points	0.68%	0.57%
Roche Ps Par AG	ACWI +0.11 points	0.33%	0.22%
Home DepotHD	ACWI +0.10 points	0.34%	0.24%
Procter & GamblePG	ACWI +0.09 points	0.38%	0.29%
Coca-ColaKO	ACWI +0.09 points	0.37%	0.28%
Lair Liquide Societe Anonyme Pour	ACWI +0.09 points	0.13%	0.04%
Loreal SA	ACWI +0.07 points	0.11%	0.04%
UnitedHealth GroupUNH	ACWI +0.08 points	0.36%	0.28%
Ge AerospaceGE	ACWI +0.08 points	0.35%	0.27%
SandiskSNDK	VT +0.07 points	0.14%	0.21%
Astrazeneca PLCAZN.L	ACWI +0.06 points	0.27%	0.21%
ChevronCVX	ACWI +0.07 points	0.39%	0.32%
Goldman Sachs GroupGS	ACWI +0.07 points	0.27%	0.20%
Samsung Electronics Ltd	VT +0.06 points	0.71%	0.77%
Nestle SA	ACWI +0.06 points	0.26%	0.20%
Novartis AG	ACWI +0.06 points	0.29%	0.23%
Texas InstrumentTXN	ACWI +0.06 points	0.28%	0.22%
Sap	ACWI +0.06 points	0.23%	0.17%
Lam ResearchLRCX	VT +0.06 points	0.29%	0.35%
Accenture PLC Class AACN	ACWI +0.05 points	0.15%	0.10%
Seagate Technology Holdings PLCSTX	VT +0.06 points	0.12%	0.18%
Linde PLCLIN	ACWI +0.06 points	0.24%	0.18%
Amgen IncAMGN	ACWI +0.06 points	0.25%	0.19%
RtxRTX	ACWI +0.06 points	0.27%	0.21%
Marvell TechnologyMRVL	VT +0.06 points	0.14%	0.20%
International Business Machines CoIBM	ACWI +0.05 points	0.23%	0.18%
Mcdonalds CorpMCD	ACWI +0.05 points	0.19%	0.14%
Merck & Co IncMRK	ACWI +0.06 points	0.36%	0.30%
Gilead SciencesGILD	ACWI +0.05 points	0.21%	0.16%
Wells FargoWFC	ACWI +0.05 points	0.26%	0.21%
Thermo Fisher ScientificTMO	ACWI +0.05 points	0.26%	0.21%
ShellSHEL.L	ACWI +0.05 points	0.28%	0.23%
Walt DisneyDIS	ACWI +0.05 points	0.20%	0.15%
Philip Morris InternationalPM	ACWI +0.05 points	0.30%	0.25%
PepsicoPEP	ACWI +0.04 points	0.19%	0.15%
Kioxia Holdings	VT +0.04 points	0.07%	0.11%
Royal Bank of Canada	ACWI +0.05 points	0.28%	0.23%
Nextera EnergyNEE	ACWI +0.05 points	0.18%	0.13%
S&P GlobalSPGI	ACWI +0.04 points	0.14%	0.10%
Morgan StanleyMS	ACWI +0.04 points	0.22%	0.18%
Advanced Micro DevicesAMD	ACWI +0.05 points	0.89%	0.84%
Softbank Group Corp	VT +0.04 points	0.09%	0.13%
Delta Electronics	VT +0.04 points	0.07%	0.12%
Abbott LaboratoriesABT	ACWI +0.04 points	0.19%	0.15%
BlackRockBLK	ACWI +0.04 points	0.18%	0.14%
Caterpillar IncCAT	VT +0.04 points	0.27%	0.31%
Allianz	ACWI +0.04 points	0.19%	0.15%
Commonwealth Bank of Australia	ACWI +0.04 points	0.19%	0.15%
Lowes Companies IncLOW	ACWI +0.04 points	0.13%	0.09%
Mckesson CorpMCK	ACWI +0.03 points	0.12%	0.09%
Union PacificUNP	ACWI +0.04 points	0.18%	0.14%
Toronto Dominion	ACWI +0.04 points	0.20%	0.16%
Kimberly ClarkKMB	ACWI +0.04 points	0.07%	0.03%
Lockheed MartinLMT	ACWI +0.03 points	0.12%	0.09%
CortevaCTVA	VT +0.03 points	<0.01%	0.04%
Toyota Motor	ACWI +0.04 points	0.20%	0.16%
Applied Material IncAMAT	VT +0.03 points	0.31%	0.34%
Sunbelt Rentals Holdings IncSUNB	ACWI +0.04 points	0.04%	<0.01%
ConocophillipsCOP	ACWI +0.03 points	0.16%	0.13%
Intuitive SurgicalISRG	ACWI +0.04 points	0.16%	0.12%
Medtronic PLCMDT	ACWI +0.04 points	0.13%	0.09%
Regeneron PharmaceuticalsREGN	ACWI +0.04 points	0.10%	0.06%
Starbucks CorpSBUX	ACWI +0.03 points	0.12%	0.09%
Skandinaviska Enskilda Banken	ACWI +0.03 points	0.03%	<0.01%
Altria Group IncMO	ACWI +0.03 points	0.13%	0.10%
American ExpressAXP	ACWI +0.03 points	0.17%	0.14%
Alphabet Class AGOOGL	VT +0.03 points	1.69%	1.72%
ProgressivePGR	ACWI +0.03 points	0.13%	0.10%
ChubbCB	ACWI +0.03 points	0.13%	0.10%
Applovin Class AAPP	ACWI +0.03 points	0.09%	0.06%
WelltowerWELL	ACWI +0.03 points	0.17%	0.14%
Cme Group Class ACME	ACWI +0.03 points	0.11%	0.08%
Analog DevicesADI	ACWI +0.04 points	0.20%	0.16%
Automatic Data Processing IncADP	ACWI +0.03 points	0.12%	0.09%
Cisco Systems IncCSCO	ACWI +0.03 points	0.39%	0.36%
Sony Group	ACWI +0.03 points	0.15%	0.12%
MarshMRSH	ACWI +0.03 points	0.10%	0.07%
Airbus Group	ACWI +0.03 points	0.14%	0.11%
Waste Management IncWM	ACWI +0.03 points	0.09%	0.06%
IntuitINTU	ACWI +0.03 points	0.09%	0.06%
Unilever PLCULVR.L	ACWI +0.03 points	0.14%	0.11%

All 2,192 ACWI holdings⁠All 10,185 VT 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 VT Cost

Overpaying ACWI vs VT

$5,272

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

ACWI 0.32%
$6,542
VT 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

ACWI 0.32%
VT 0.06%
Overpaying

Year by year

Year	ACWI	VT	Overpaying
10	$580	$110	$470
20	$2,250	$432	$1,818
30	$6,542	$1,270	$5,272

Expense ratio

0.32%ACWI
0.06%VT, cheaper

VT0.06%ACWI0.32%

0.06%0.50%

Middle half of MSCI ACWI / World funds
Median 0.26%

VT cheapest of 6 funds

ACWI 4th cheapest of 6 funds

ACWI vs VT Dividends

Last 12 months to Nov 13, 2026

Yield (12M): ACWI 1.44%; VT 1.55%, better
Payout (12M): ACWI $2.25; VT $2.41
Last payment: ACWI $1.01; VT $0.41
Ex-dividend: ACWI Jun 15, 2026; VT Sep 18, 2026
Paid on: ACWI Jun 18, 2026; VT Sep 22, 2026
Frequency: ACWI Twice a year; VT Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

ACWITwice a year · 21 paymentsAll ACWI payments⁠

VTQuarterly · 39 paymentsAll VT payments⁠

ACWI vs VT Risk

Fall from peak · 5 years

ACWI
VT

Risk facts

VolatilityStd dev, 3 years: ACWI 11.4%, betterVT 11.6%
Return per unit of riskSharpe ratio, 3 years: ACWI 1.43, betterVT 1.41
Worst fallMax drawdown, 5 years: ACWI −26.4%VT −26.3%, better
Market sensitivityBeta, 5 years: ACWI 0.93VT 0.94; Market = 1

ACWI and VT in the news

All news⁠

First-Year Review
Myriad's allocation fund gained 17%, 1.6 percentage points ahead of global stocks
Oct 2, 2026VT
First-Year Review
Cambria Global EW ETF's largest holding is another fund, about 25 times an equal share
Sep 25, 2026VT
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 VT

In short

Stated mandate

Why people hold it