ACWI vs DWLD
iShares MSCI ACWI ETF vs Davis Select Worldwide ETF
Which is better, ACWI or DWLD?
ACWI has been ahead.
ACWI has a lower expense ratio. ACWI led over 1Y, 3Y, 5Y and the full window. ACWI is less concentrated, with 25.3% of the fund in its ten largest positions against 26.6%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ACWI | DWLD |
|---|---|---|
| Expense Ratio | 0.32%Best | 0.63% |
| AUM | $33.2B | $579M |
| Dividend Yield | 1.41% | 0.94% |
| Holdings | 2,280 | 40 |
| YTD Return | +12.14%Best | -4.08% |
| 1Y Return | +17.07%Best | +2.46% |
| 3Y Return (annualized) | +20.96%Best | +18.75% |
| 5Y Return (annualized) | +10.83%Best | +9.10% |
| Volatility (annualized) | 14.7%Best | 18.6% |
| Max Drawdown | -33.5%Best | -39.3% |
| $10,000 over 5 years | $16,722Best | $15,457 |
| Top 10 Weight | 25.3%Best | 26.6% |
| Fund Family | iShares by BlackRock (US) | Davis ETFs |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 26, 2008 | Jan 11, 2017 |
Volatility and max drawdown are measured over the window both funds cover: Jan 12, 2017 to Oct 14, 2026 (9.8 years).
ACWI vs DWLD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 9.8 years both funds cover.
ACWI vs DWLD Performance
iShares MSCI ACWI ETF (ACWI) is an ETF from iShares by BlackRock (US) and Davis Select Worldwide ETF (DWLD) is an ETF from Davis ETFs. Over the past year ACWI returned +17.07% while DWLD returned +2.46%. Year to date, ACWI is up 12.14% versus a loss of 4.08% for DWLD.
Over three years, ACWI compounded at +20.96% per year against +18.75% for DWLD; over five years the annualized figures are +10.83% and +9.10% respectively. Across the full 10-year window we track, ACWI has the edge at +11.38% annualized vs +9.90%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DWLD has been the more volatile fund, with annualized monthly volatility of 18.6% compared with 14.7% for ACWI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -33.5% for ACWI and -39.3% for DWLD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ACWI charges 0.32% per year while DWLD charges 0.63%. On a $10,000 position that is $32 vs $63 annually, a gap of $31 per year that compounds over a long holding period. On income, ACWI currently yields 1.41% against 0.94% for DWLD.
Holdings Overlap
79.9% of ACWI's money is in holdings DWLD also owns. 87.0% of DWLD's money is in holdings ACWI also owns.
Most of DWLD is already inside ACWI. Owning both mostly buys the same companies twice.
954 positions in common, counted across the 2,139 positions we hold weights for in ACWI and 1,395 in DWLD, against full books of 2,280 and 40.
What only one of them owns
Our book lists 0 positions for DWLD that do not appear in our book for ACWI (1.0% of the fund), and 40 for ACWI that do not appear in DWLD (3.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in ACWI | Weight in DWLD | Difference |
|---|---|---|---|
| NVDANvidia Corp | 5.15% | 5.65% | 0.50% |
| AAPLApple, Inc | 4.71% | 5.00% | 0.29% |
| MSFTMicrosoft Corp | 3.51% | 4.00% | 0.49% |
| AMZNAmazon.Com Inc | 2.33% | 2.52% | 0.19% |
| GOOGLAlphabet Inc | 1.93% | 2.06% | 0.13% |
| METAMeta Platforms Inc | 1.55% | 1.68% | 0.13% |
| GOOGAlphabet Inc. C | 1.52% | 1.67% | 0.15% |
| AVGOBroadcom Inc | 1.51% | 1.67% | 0.16% |
| MUMicron Technology, Inc. | 1.20% | 1.29% | 0.09% |
| TSLATesla Inc | 0.98% | 1.07% | 0.09% |
87.0% of DWLD is already inside ACWI.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ACWI or DWLD?
ACWI has an expense ratio of 0.32% while DWLD charges 0.63%. ACWI is the cheaper option, by $31 a year on a $10,000 investment.
Which performed better, ACWI or DWLD?
Over the past year ACWI returned +17.07% vs +2.46% for DWLD, so ACWI leads on 1-year performance. Over the longest common window we track (10 years), ACWI annualized +11.38% vs +9.90% for DWLD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ACWI or DWLD?
DWLD has been the more volatile fund at 18.6% annualized versus 14.7% for ACWI. Worst drawdown: ACWI -33.5% vs DWLD -39.3%.
Should I hold both ACWI and DWLD?
ACWI and DWLD have a monthly-return correlation of 0.85, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between ACWI and DWLD?
87.0% of DWLD's money is in holdings ACWI also owns. 87.0% of DWLD's is in holdings ACWI also owns. They hold 954 positions in common, counted across the 2,139 positions we hold weights for in ACWI and 1,395 in DWLD.
Which pays a higher dividend, ACWI or DWLD?
ACWI yields 1.41% while DWLD yields 0.94%, so ACWI currently pays the higher dividend yield.
Is DWLD better than ACWI?
ACWI has a lower expense ratio. ACWI led over 1Y, 3Y, 5Y and the full window. ACWI is less concentrated, with 25.3% of the fund in its ten largest positions against 26.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.