ACWI vs FDIF
iShares MSCI ACWI ETF vs Fidelity Disruptors ETF
Which is better, ACWI or FDIF?
Each has led over a different period.
ACWI has a lower expense ratio. ACWI led over 1Y and the full window, FDIF over 3Y. The two have moved almost in lockstep, correlation 0.91.
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 | FDIF |
|---|---|---|
| Expense Ratio | 0.32%Best | 0.50% |
| AUM | $33.2B | $110M |
| Dividend Yield | 1.41% | 0.25% |
| Holdings | 2,280 | 10 |
| YTD Return | +12.14% | +14.35%Best |
| 1Y Return | +17.07%Best | +15.79% |
| 3Y Return (annualized) | +20.96% | +21.73%Best |
| 5Y Return (annualized) | +10.83% | - |
| Volatility (annualized) | 11.7%Best | 16.8% |
| Max Drawdown | -16.6%Best | -22.6% |
| $10,000 over 3.3 years | $17,334Best | $16,590 |
| Top 10 Weight | 25.3% | - |
| Fund Family | iShares by BlackRock (US) | Fidelity Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 26, 2008 | Feb 13, 2023 |
Volatility and max drawdown, and the $10,000 over 3.3 years row, are measured over the window both funds cover: Jun 20, 2023 to Oct 14, 2026 (3.3 years).
ACWI vs FDIF 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 3.3 years both funds cover.
ACWI vs FDIF Performance
iShares MSCI ACWI ETF (ACWI) is an ETF from iShares by BlackRock (US) and Fidelity Disruptors ETF (FDIF) is an ETF from Fidelity Investments (US). Over the past year ACWI returned +17.07% while FDIF returned +15.79%. Year to date, ACWI is up 12.14% versus a gain of 14.35% for FDIF.
Over three years, ACWI compounded at +20.96% per year against +21.73% for FDIF.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FDIF has been the more volatile fund, with annualized monthly volatility of 16.8% compared with 11.7% 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 -16.6% for ACWI and -22.6% for FDIF. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
ACWI charges 0.32% per year while FDIF charges 0.50%. On a $10,000 position that is $32 vs $50 annually, a gap of $18 per year that compounds over a long holding period. On income, ACWI currently yields 1.41% against 0.25% for FDIF.
Holdings Overlap
We hold position weights for 2,139 holdings in ACWI and 6 in FDIF, totalling 98.2% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 2,139 positions we hold weights for in ACWI and 6 in FDIF, against full books of 2,280 and 10.
What only one of them owns
Our book lists 6 positions for FDIF that do not appear in our book for ACWI (100.0% of the fund), and 514 for ACWI that do not appear in FDIF (65.3%).
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.
You are not choosing between two funds in isolation.
Whichever of ACWI and FDIF you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ACWI or FDIF?
ACWI has an expense ratio of 0.32% while FDIF charges 0.50%. ACWI is the cheaper option, by $18 a year on a $10,000 investment.
Which performed better, ACWI or FDIF?
Over the past year ACWI returned +17.07% vs +15.79% for FDIF, so ACWI leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ACWI or FDIF?
FDIF has been the more volatile fund at 16.8% annualized versus 11.7% for ACWI. Worst drawdown: ACWI -16.6% vs FDIF -22.6%.
Should I hold both ACWI and FDIF?
ACWI and FDIF have a monthly-return correlation of 0.91, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, ACWI or FDIF?
ACWI yields 1.41% while FDIF yields 0.25%, so ACWI currently pays the higher dividend yield.
Is FDIF better than ACWI?
ACWI has a lower expense ratio. ACWI led over 1Y and the full window, FDIF over 3Y. The two have moved almost in lockstep, correlation 0.91. Which one suits a particular account depends on what it is for. This is information, not a recommendation.