ACWI vs DBAW: holdings overlap, shared companies and scores
As of September 11, 2026, ACWI and DBAW overlap 35.4% by weight. iShares MSCI ACWI ETF (ACWI): Large- and mid-cap global stocks. Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW): International equities outside the U.S.
Updated September 11, 2026
How much do ACWI and DBAW overlap?
As of September 11, 2026, ACWI and DBAW overlap 35.4% by weight.
36% of ACWI is already inside DBAW.
99% of DBAW is already inside ACWI.
ACWI holds 2,169 companies and DBAW holds 1,636; 1,538 are in both.
Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.
How does ETF Copilot score ACWI and DBAW?
As of September 11, 2026, ETF Copilot scores ACWI 5.5 out of 10 and DBAW 6.9 out of 10.
They differ most on Risk: ACWI 5.0 and DBAW 8.5.
The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.
| Factor | ACWI | DBAW |
|---|---|---|
| Growth | 5.3 | 8.2 |
| Valuation | 2.2 | 3.6 |
| Risk | 5.0 | 8.5 |
| Quality | 7.8 | 6.8 |
| Return | 6.7 | 6.6 |
ACWI is the cheaper of the two at 0.32% a year
As of September 11, 2026, ACWI charges 0.32% a year, yields 1.62% and holds $33.4B in assets across 2169 positions.
As of September 11, 2026, DBAW charges 0.40% a year, yields 2.68% and holds $322M in assets across 1636 positions.
| Measure | ACWI | DBAW |
|---|---|---|
| Expense ratio | 0.32% | 0.40% |
| Dividend yield | 1.62% | 2.68% |
| Assets under management | $33.4B | $322M |
| Holdings | 2169 | 1636 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Where ACWI and DBAW trade against their own history
ACWI trades at 21.4 times earnings, against its own median of 17.7, and is more expensive than 86% of its own 114 monthly readings since 2017.
DBAW trades at 16.3 times earnings, against its own median of 13.9, and is more expensive than 83% of its own 114 monthly readings since 2017.
What moved ACWI and DBAW this week
ACWI fell 1.0% in the week to September 11, 2026. The holdings that moved it most were Nvidia (−4.4%), Microsoft (−2.8%) and Novartis (−15.2%); SK Hynix (+14.8%) pushed the other way.
DBAW fell 1.1% in the week to September 11, 2026. The holdings that moved it most were Novartis (−15.2%), Shopify (−11.5%) and Novo Nordisk A/S-B (−9.3%); SK Hynix (+14.8%) pushed the other way.
What do ACWI and DBAW each hold?
What's inside ACWI: Tech 36%, Magnificent 7 21%.
25% of ACWI is its ten largest holdings.
What's inside DBAW: Tech 17%, Semiconductors 7%.
17% of DBAW is its ten largest holdings.
Compare with similar funds
Cite this
ETF Copilot, “ACWI vs DBAW holdings overlap and scores”, as of September 11, 2026.
https://etf-copilot.com/compare/acwi-vs-dbaw
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