ACWI vs USNZ: holdings overlap, shared companies and scores
As of October 9, 2026, ACWI and USNZ overlap 50.8% by weight. iShares MSCI ACWI ETF (ACWI): Large and mid-cap stocks worldwide. Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ): Paris-aligned US large caps.
Updated October 9, 2026
Where ACWI and USNZ trade against their own history
ACWI trades at 21.0 times earnings, against its own median of 18.9, and is more expensive than 66% of its own last 9 years.
USNZ trades at 25.5 times earnings, against its own median of 25.8, and is cheaper than 60% of its own last 4 years.
What moved ACWI and USNZ this week
ACWI rose 0.5% in the week to October 9, 2026. The holdings that moved it most were Microsoft (+3.4%), Amazon.com (+4.3%) and Alphabet (+2.4%); Nvidia (−2.0%) pushed the other way.
USNZ rose 0.9% in the week to October 9, 2026. The holdings that moved it most were Microsoft (+3.4%), Amazon.com (+4.3%) and Alphabet (+2.4%); Nvidia (−2.0%) pushed the other way.
What do ACWI and USNZ each hold?
What's inside ACWI: Tech 38%, Magnificent 7 22%.
26% of ACWI is its ten largest holdings.
What's inside USNZ: Tech 53%, Magnificent 7 41%.
46% of USNZ is its ten largest holdings.
How much do ACWI and USNZ overlap? 50.8% by weight
As of October 9, 2026, ACWI and USNZ overlap 50.8% by weight.
51% of ACWI is already inside USNZ.
100% of USNZ is already inside ACWI.
ACWI holds 2,214 companies and USNZ holds 296; 289 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 USNZ? 6.4 and 7.5 out of 10
As of October 9, 2026, ETF Copilot scores ACWI 6.4 out of 10 and USNZ 7.5 out of 10.
They differ most on Value: ACWI 2.4 and USNZ 5.5.
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 | USNZ |
|---|---|---|
| Growth | 7.5 | 8.1 |
| Value | 2.4 | 5.5 |
| Risk | 6.8 | 7.7 |
| Quality | 7.6 | 9.3 |
| Return | 6.9 | 6.6 |
USNZ is the cheaper of the two at 0.10% a year
As of October 9, 2026, ACWI charges 0.32% a year, yields 1.40% and holds $33.3B in assets across 2214 positions.
As of October 9, 2026, USNZ charges 0.10% a year, yields 0.89% and holds $303M in assets across 296 positions.
| Measure | ACWI | USNZ |
|---|---|---|
| Expense ratio | 0.32% | 0.10% |
| Dividend yield | 1.40% | 0.89% |
| Assets under management | $33.3B | $303M |
| Holdings | 2214 | 296 |
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.
Compare with similar funds
Cite this
ETF Copilot, “ACWI vs USNZ holdings overlap and scores”, as of October 9, 2026.
https://etf-copilot.com/compare/acwi-vs-usnz
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