ACWX vs SPDW: Holdings Overlap
ACWXiShares MSCI ACWI ex U.S. ETF
iShares · 1761 holdings · $11.7B · as of 2026-04-30
SPDWState Street® SPDR® Portfolio Developed World ex-US ETF
State Street (SPDR) · 2342 holdings · $40.5B · as of 2026-08-04
Holdings snapshots are 96 days apart (ACWX: 2026-04-30, SPDW: 2026-08-04). 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 ACWX and SPDW?
iShares MSCI ACWI ex U.S. ETF (ACWX, by iShares) holds 1761 positions; State Street® SPDR® Portfolio Developed World ex-US ETF (SPDW, by State Street (SPDR)) holds 2342. They have 804 holdings in common, and by portfolio weight the two funds are 67.9% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 67.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 804ACWX holds 1761 · SPDW holds 2342
- Weight in Shared Holdings
- ACWX 71%·SPDW 83%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 ACWX
957 of 1761 positions (28.8% of the fund) are not held by SPDW. Showing the top 30 by weight.
Sector Breakdown
| Sector | ACWX | SPDW |
|---|---|---|
| Financials | 21.6% | 21.9% |
| Information Technology | 17.5% | 12.6% |
| Industrials | 12.5% | 13.2% |
| Consumer Discretionary | 6.5% | 5.3% |
| Health Care | 6.1% | 6.3% |
| Other Sectors | 23.9% | 22.1% |
| Unclassified | 11.4% | 17.3% |
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 (11% of ACWX, 18% of SPDW).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| ACWX | +3.0% | +16.6% | +28.7% | +19.1% | +9.3% | +9.6% | 2.46% |
| SPDW | +3.1% | +17.9% | +30.1% | +19.9% | +10.1% | +10.3% | 2.94% |
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 ACWX vs SPDW →
Shared Holdings(804)
The top 10 shared positions account for 13% of the overlap, led by ASML, 000660 and HSBA.
 ASMLASML Holding NV | 1.54% | 1.96% | 1.54% |
|---|---|---|---|
 000660SK hynix Inc | 1.33% | 1.68% | 1.33% |
 HSBAHSBC Holdings PLC | 0.86% | 1.03% | 0.86% |
 ROPRoche Holding AG | 0.78% | 0.93% | 0.78% |
 NOVNNovartis AG (Registered) | 0.76% | 0.83% | 0.76% |
 AZNAstraZeneca PLC ORD USD0.25 | 0.80% | 0.73% | 0.73% |
 NESNNestle SA (Registered) | 0.71% | 0.76% | 0.71% |
 SHELShell PLC | 0.71% | 0.76% | 0.71% |
 RYGovernment Long Bond 1.2x Strategy Fund | 0.69% | 0.87% | 0.69% |
 SIESiemens AG (Registered) | 0.62% | 0.68% | 0.62% |
 CBACommonwealth Bank of Australia | 0.57% | 0.62% | 0.57% |
 8306Mitsubishi UFJ Financial Group Inc. NPV | 0.57% | 0.81% | 0.57% |
 BHPBHP Group Ltd. | 0.55% | 0.66% | 0.55% |
 7203Toyota Motor Corp. NPV | 0.51% | 0.67% | 0.51% |
 TTETotalEnergies SE EUR2.5 | 0.50% | 0.51% | 0.50% |
 TDThe Toronto-Dominion Bank COM NEW | 0.50% | 0.59% | 0.50% |
 SANBanco Santander SA | 0.49% | 0.64% | 0.49% |
 SAPSAP SE | 0.48% | 0.59% | 0.48% |
 SUSchneider Electric SE | 0.47% | 0.57% | 0.47% |
 ALVAllianz SE (Registered) | 0.47% | 0.56% | 0.47% |
 ABBNABB Ltd. (Registered) | 0.44% | 0.48% | 0.44% |
 6501Hitachi Ltd. NPV | 0.41% | 0.47% | 0.41% |
 IBEIberdrola SA | 0.41% | 0.44% | 0.41% |
 SHOPShopify, Inc., Class A | 0.40% | 0.53% | 0.40% |
 6857Advantest Corp. NPV | 0.39% | 0.48% | 0.39% |
Showing the top 250 of 804 shared holdings by overlap weight.
Frequently Asked Questions
How much do ACWX and SPDW overlap?
ACWX and SPDW overlap by 67.9% of portfolio weight. They share 804 holdings (ACWX holds 1761 positions and SPDW holds 2342), based on each fund's latest SEC-reported holdings.
Is it redundant to own both ACWX and SPDW?
The two portfolios are 67.9% identical by weight. Owning both mostly doubles down on the shared core rather than diversifying: the same large positions drive both funds.
What are the biggest shared holdings of ACWX and SPDW?
The largest positions held by both funds are ASML, 000660, HSBA, ROP and NOVN. Together the top 10 shared positions account for 13% of the total overlap.
What does ACWX own that SPDW doesn't?
957 positions (28.8% of ACWX) are unique to ACWX, led by TSMWF, 700 and 9988. In the other direction, 1538 positions (15.8% of SPDW) are unique to SPDW.