ACWV vs SPY: Holdings Overlap
ACWViShares MSCI Global Min Vol Factor ETF
iShares · 412 holdings · $3.4B · as of 2026-05-31
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
Holdings snapshots are 67 days apart (ACWV: 2026-05-31, SPY: 2026-08-06). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are ACWV and SPY?
iShares MSCI Global Min Vol Factor ETF (ACWV, by iShares) holds 412 positions; State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504. They have 136 holdings in common, and by portfolio weight the two funds are 20.6% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 20.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 136ACWV holds 412 · SPY holds 504
- Weight in Shared Holdings
- ACWV 53%·SPY 48%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in ACWV
276 of 412 positions (45.9% of the fund) are not held by SPY. Showing the top 30 by weight.
Sector Breakdown
| Sector | ACWV | SPY |
|---|---|---|
| Information Technology | 24.2% | 37.6% |
| Financials | 12.9% | 12.3% |
| Health Care | 12.5% | 8.9% |
| Communication Services | 11.5% | 9.7% |
| Consumer Staples | 9.6% | 4.5% |
| Other Sectors | 23.5% | 26.8% |
| Unclassified | 5.1% | 0.0% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (5% of ACWV, 0% of SPY).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| ACWV | +3.3% | +7.6% | +9.5% | +11.3% | +6.1% | +7.4% | 1.87% |
| SPY | +3.4% | +14.0% | +23.7% | +21.2% | +13.3% | +15.3% | 0.97% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in ACWV vs SPY →
Shared Holdings(136)
The top 10 shared positions account for 34% of the overlap, led by MSFT, BRK-B and JNJ.
 MSFTMicrosoft Corp. COM | 1.13% | 5.60% | 1.13% |
|---|---|---|---|
 BRK-BBerkshire Hathaway, Inc., Class B | 1.03% | 1.45% | 1.03% |
 JNJJohnson & Johnson COM | 1.41% | 0.93% | 0.93% |
 CSCOCisco Systems, Inc. COM | 2.13% | 0.72% | 0.72% |
 WMTWalmart Inc COM | 0.61% | 0.74% | 0.61% |
 VVisa, Inc., Class A | 0.55% | 0.93% | 0.55% |
 PGThe Procter & Gamble Co. COM | 0.78% | 0.52% | 0.52% |
 KOCoca-Cola Co (The) COM | 0.75% | 0.51% | 0.51% |
 MRKMerck & Co., Inc COM | 0.50% | 0.48% | 0.48% |
 COSTCostco Wholesale Corporation COM | 0.44% | 0.63% | 0.44% |
 ABBVAbbVie Inc. COM | 0.41% | 0.65% | 0.41% |
 NVDANVIDIA Corp. COM | 0.41% | 8.00% | 0.41% |
 PANWPalo Alto Networks Inc COM | 0.35% | 0.44% | 0.35% |
 IBMInternational Business Machines Corp. COM | 0.72% | 0.33% | 0.33% |
 APHAmphenol Corporation CL A | 0.44% | 0.32% | 0.32% |
 AMGNAmgen Inc. COM | 0.30% | 0.33% | 0.30% |
 MCDMcDonald's Corp. COM | 0.91% | 0.30% | 0.30% |
 VZVerizon Communications Inc. COM | 0.84% | 0.30% | 0.30% |
 PEPPepsico Inc COM | 0.89% | 0.29% | 0.29% |
 ABTAbbott Laboratories COM | 0.37% | 0.28% | 0.28% |
 TJXThe TJX Companies Inc. COM | 0.76% | 0.27% | 0.27% |
 GOOGAlphabet Inc. CAP STK CL C | 0.27% | 2.54% | 0.27% |
 WELLWelltower Inc. COM | 0.33% | 0.25% | 0.25% |
 TAT&T Inc COM | 0.86% | 0.25% | 0.25% |
 GILDGilead Sciences Inc. COM | 0.54% | 0.24% | 0.24% |
Frequently Asked Questions
How much do ACWV and SPY overlap?
ACWV and SPY overlap by 20.6% of portfolio weight. They share 136 holdings (ACWV holds 412 positions and SPY holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both ACWV and SPY?
The two portfolios are 20.6% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of ACWV and SPY?
The largest positions held by both funds are MSFT, BRK-B, JNJ, CSCO and WMT. Together the top 10 shared positions account for 34% of the total overlap.
What does ACWV own that SPY doesn't?
276 positions (45.9% of ACWV) are unique to ACWV, led by TSMWF, 2303 and 9433. In the other direction, 368 positions (52.1% of SPY) are unique to SPY.