OriginaveSCHG vs ACWI: which ETF won each year?
Yearly returns side by side, one winner per year — dividends included, priced as you'd actually buy them.
SCHG
SPYSPDR S&P 500 ETF Trusttracks the S&P 500 Index
VOOVanguard S&P 500 ETFtracks the S&P 500 Index
IVViShares Core S&P 500 ETFtracks the S&P 500 Index- VTIVanguard Total Stock Market ETFtracks the CRSP US Total Market Index
QQQInvesco QQQ Trusttracks the Nasdaq-100 Index- QQQMInvesco NASDAQ 100 ETFtracks the Nasdaq-100 Index
- VGTVanguard Information Technology ETFtracks the MSCI US IMI Information Technology 25/50 Index
- ACWIiShares MSCI ACWI ETFtracks the MSCI ACWI Index
- VTVanguard Total World Stock ETFtracks the FTSE Global All Cap Index
- URTHiShares MSCI World ETFtracks the MSCI World Index
- SCHGSchwab U.S. Large-Cap Growth ETFtracks the Dow Jones U.S. Large-Cap Growth Total Stock Market Index
- SCHDSchwab U.S. Dividend Equity ETFtracks the Dow Jones U.S. Dividend 100 Index
- VTVVanguard Value ETFtracks the CRSP US Large Cap Value Index
- VUGVanguard Growth ETFtracks the CRSP US Large Cap Growth Index
- MTUMiShares MSCI USA Momentum Factor ETFtracks the MSCI USA Momentum SR Variant Index
- SPMOInvesco S&P 500 Momentum ETFtracks the S&P 500 Momentum Index
- SPHQInvesco S&P 500 Quality ETFtracks the S&P 500 Quality Index
ACWI
- SPYSPDR S&P 500 ETF Trusttracks the S&P 500 Index
- VOOVanguard S&P 500 ETFtracks the S&P 500 Index
- IVViShares Core S&P 500 ETFtracks the S&P 500 Index
- VTIVanguard Total Stock Market ETFtracks the CRSP US Total Market Index
- QQQInvesco QQQ Trusttracks the Nasdaq-100 Index
- QQQMInvesco NASDAQ 100 ETFtracks the Nasdaq-100 Index
- VGTVanguard Information Technology ETFtracks the MSCI US IMI Information Technology 25/50 Index
- ACWIiShares MSCI ACWI ETFtracks the MSCI ACWI Index
- VTVanguard Total World Stock ETFtracks the FTSE Global All Cap Index
- URTHiShares MSCI World ETFtracks the MSCI World Index
- SCHGSchwab U.S. Large-Cap Growth ETFtracks the Dow Jones U.S. Large-Cap Growth Total Stock Market Index
- SCHDSchwab U.S. Dividend Equity ETFtracks the Dow Jones U.S. Dividend 100 Index
- VTVVanguard Value ETFtracks the CRSP US Large Cap Value Index
- VUGVanguard Growth ETFtracks the CRSP US Large Cap Growth Index
- MTUMiShares MSCI USA Momentum Factor ETFtracks the MSCI USA Momentum SR Variant Index
- SPMOInvesco S&P 500 Momentum ETFtracks the S&P 500 Momentum Index
- SPHQInvesco S&P 500 Quality ETFtracks the S&P 500 Quality Index
SCHG tracks the Dow Jones U.S. Large-Cap Growth Total Stock Market IndexACWI tracks the MSCI ACWI Index
What did the last 10 years do to $10,000?
You invest $10,000 at the start of the window and touch nothing — dividends reinvested, the running year not counted.
SCHG vs ACWI, year by year
Calendar-year total returns (dividends included) side by side, and who took the crown each year. A dash means the fund did not exist yet.
| Year | SCHG | ACWI | Winner |
|---|---|---|---|
| 2026 (so far) | +10.51% | +12.94% | ACWI |
| 2025 | +17.50% | +22.41% | ACWI |
| 2024 | +34.96% | +17.45% | SCHG |
| 2023 | +50.11% | +22.27% | SCHG |
| 2022 | -31.80% | -18.39% | ACWI |
| 2021 | +28.12% | +18.66% | SCHG |
| 2020 | +39.14% | +16.34% | SCHG |
| 2019 | +36.02% | +26.59% | SCHG |
| 2018 | -1.36% | -9.12% | SCHG |
| 2017 | +28.05% | +24.33% | SCHG |
| 2016 | +6.55% | +8.40% | ACWI |
| 2015 | +3.24% | -2.21% | SCHG |
| 2014 | +15.80% | +3.83% | SCHG |
| 2013 | +34.04% | +22.38% | SCHG |
| 2012 | +16.89% | +16.75% | SCHG |
| 2011 | -0.74% | -7.82% | SCHG |
| 2010 | +14.92% | +12.78% | SCHG |
| 2009 | — | +32.36% | — |
| 2008 | — | -35.29% | — |
SCHG vs ACWI in plain words
SCHG tracks the Dow Jones U.S. Large-Cap Growth Total Stock Market Index while ACWI follows the MSCI ACWI Index, so they own different slices of the market and their years can look very different. SCHG charges 0.04% a year in running costs and ACWI charges 0.32% — SCHG is the cheaper fund to hold.
Both funds distribute: dividends land in your account as cash instead of being reinvested automatically. Across the 17 calendar years both funds were trading, SCHG finished the year ahead 13 times and ACWI 4 times. $10,000 invested at the start of 2016 was worth $52,975 in SCHG versus $30,708 in ACWI by the end of 2025, dividends reinvested.
Fund facts: SCHG vs ACWI
| Fact | SCHG | ACWI |
|---|---|---|
| Fund | Schwab U.S. Large-Cap Growth ETF | iShares MSCI ACWI ETF |
| Tracks | Dow Jones U.S. Large-Cap Growth Total Stock Market Index | MSCI ACWI Index |
| Yearly cost (TER) | 0.04% | 0.32% |
| Dividends | Distributing — dividends paid out | Distributing — dividends paid out |
| Launched | 11 Dec 2009 | 26 Mar 2008 |
| $10,000 invested | What $10,000 in SCHG became | What $10,000 in ACWI became |
How bumpy the ride was: SCHG vs ACWI
These head-to-head figures use only the 4,215 trading days both funds were listed: 4 Jan 2010 to 6 Oct 2026, roughly 16.7 years.
SCHG swung more than ACWI: annualised volatility of 19.7% for SCHG against 17.2% for ACWI, with SCHG moving 1% or more on 30.1% of trading days and ACWI on 24.8%. Both had their worst day on 16 Mar 2020: SCHG closed -12.55% and ACWI -11.22%.
SCHG had the deeper drawdown: it fell -34.59% from its peak on 19 Nov 2021 to a low on 5 Jan 2023, then closed back above the old peak on 18 Dec 2023, 11 months after the low; ACWI fell -33.53% from its peak on 12 Feb 2020 to a low on 23 Mar 2020, then closed back above the old peak on 24 Aug 2020, 5 months after the low.
Day to day the two usually move together: the correlation of their daily returns is 0.92, and they closed in opposite directions on 14.5% of the 4,214 days measured. The widest single-day gap came on 9 Nov 2020, when SCHG moved -2.03% and ACWI +1.45%.
| Measure | SCHG | ACWI |
|---|---|---|
| Annualised volatility | 19.7% | 17.2% |
| Worst day | -12.55% on 16 Mar 2020 | -11.22% on 16 Mar 2020 |
| Best day | +11.59% on 9 Apr 2025 | +8.79% on 9 Apr 2025 |
| Days moving 1% or more | 30.1% of days | 24.8% of days |
| Deepest drawdown | -34.59% | -33.53% |
| Peak to trough | 19 Nov 2021 → 5 Jan 2023 | 12 Feb 2020 → 23 Mar 2020 |
| Back above the old peak | 18 Dec 2023 · 11 months | 24 Aug 2020 · 5 months |
Years SCHG and ACWI parted ways
In 11 of the 16 completed calendar years both funds were trading, the two returns ended more than 5 points apart. The widest split was 2023: SCHG returned +50.11% and ACWI +22.27%, a gap of 27.8 points. They rose together in 12 years, fell together in 3 years and went opposite ways in 1 year.
| Year | SCHG | ACWI | Gap (SCHG − ACWI) |
|---|---|---|---|
| 2024 | +34.96% | +17.45% | +17.5 pts |
| 2023 | +50.11% | +22.27% | +27.8 pts |
| 2022 | -31.80% | -18.39% | -13.4 pts |
| 2021 | +28.12% | +18.66% | +9.5 pts |
| 2020 | +39.14% | +16.34% | +22.8 pts |
| 2019 | +36.02% | +26.59% | +9.4 pts |
| 2018 | -1.36% | -9.12% | +7.8 pts |
| 2015 | +3.24% | -2.21% | +5.5 pts |
| 2014 | +15.80% | +3.83% | +12.0 pts |
| 2013 | +34.04% | +22.38% | +11.7 pts |
| 2011 | -0.74% | -7.82% | +7.1 pts |
How often SCHG beat ACWI over any 12 months
Across the 189 rolling 12-month windows since January 2010, measured month-end to month-end, SCHG finished ahead in 82.5% of them (156) and ACWI in 17.5% (33).
$200 a month into each, 2011–2025
Putting $200 into each fund at the start of every month from January 2011 to December 2025 (180 payments, $36,000 in total) would have grown to $155,821 in SCHG and $89,217 in ACWI, leaving SCHG $66,604 ahead.
| Outcome | SCHG | ACWI |
|---|---|---|
| Paid in | $36,000 | $36,000 |
| Value at the end of 2025 | $155,821 | $89,217 |
| Gain on the money paid in | +$119,821 | +$53,217 |
| Gain in % | +332.84% | +147.83% |
Each payment rides the return of the month it lands in, dividends reinvested. Only calendar years with all twelve months of data for both funds count, so the plan may start later than the shared history.
Frequently asked
Is SCHG or ACWI better?
Across the 17 calendar years both funds were trading, SCHG finished the year ahead 13 times and ACWI 4 times. $10,000 invested at the start of 2016 was worth $52,975 in SCHG versus $30,708 in ACWI by the end of 2025, dividends reinvested. Past returns don't promise future ones — but this is what actually happened.
What is the difference between SCHG and ACWI?
SCHG tracks the Dow Jones U.S. Large-Cap Growth Total Stock Market Index while ACWI follows the MSCI ACWI Index, so they own different slices of the market and their years can look very different. SCHG charges 0.04% a year in running costs and ACWI charges 0.32% — SCHG is the cheaper fund to hold. Both funds distribute: dividends land in your account as cash instead of being reinvested automatically.
Which is more volatile, SCHG or ACWI?
SCHG swung more than ACWI: annualised volatility of 19.7% for SCHG against 17.2% for ACWI, with SCHG moving 1% or more on 30.1% of trading days and ACWI on 24.8%. Both had their worst day on 16 Mar 2020: SCHG closed -12.55% and ACWI -11.22%.
Which had the deeper drawdown, SCHG or ACWI?
SCHG had the deeper drawdown: it fell -34.59% from its peak on 19 Nov 2021 to a low on 5 Jan 2023, then closed back above the old peak on 18 Dec 2023, 11 months after the low; ACWI fell -33.53% from its peak on 12 Feb 2020 to a low on 23 Mar 2020, then closed back above the old peak on 24 Aug 2020, 5 months after the low.
How often did SCHG beat ACWI over a 12-month period?
Across the 189 rolling 12-month windows since January 2010, measured month-end to month-end, SCHG finished ahead in 82.5% of them (156) and ACWI in 17.5% (33).
What would $10,000 in SCHG have become?
$10,000 invested in SCHG at the start of 2016 grew to $52,975 by the end of 2025, with dividends reinvested — an average of 18.1% per year.
Source: Yahoo Finance daily adjusted closes for the US primary listings, dividends reinvested. Prices through · refreshed 7 Oct 2026, 08:49 UTC. How every number is calculated.