ACWI vs PIO

AACWI

BPIO

Measures won6–0ACWI wins · of 6 · 5Y

$10,000 · 5Y$16,115ACWI · VXUS $14,758

Lowest cost0.05%VXUS · $5 on $10k

Most income2.42%IEMG · $242 on $10k

Smallest drop−9.7%ACWI · worst fall in 1Y

Held in common0.6%ACWI and PIO

ACWI

PIO

iShares MSCI ACWI ETF · $31.5BInvesco Global Water ETF · $268M

+21.0%3 years · per year$17,717 · $14,231+12.5%

+10.0%5 years · per year$16,115 · $11,452+2.7%

0.32%Expense ratio$32 · $75 on $10k · lower wins0.75%

1.44%12-mo yield$144 · $85 on $10k0.85%

−9.7%Worst dropSmaller wins−13.1%

14.8%VolatilityLower wins17.0%

6–0ACWI wins

$10,000 · 5 yearsAll four, one scale

Shared top holdingsACWI · PIO

0.1%ECL8.5%

0.1%IDXX4.9%

0.1%A3.7%

0.0%ROP4.5%

Held in common0.6%

End-of-day Nov 9, 2026 · $10,000 5 years ago, dividends reinvested · ● winner of the row · each row scaled to the bigger of the two

All Four

5Y4 funds

#
1	AACWI	iShares MSCI ACWI ETFRead Desk	0.32%	1.44%	+2.6%	+11.2%	+13.9%	+21.0%	+10.0%	−9.7%	$31.5B
2	VXUS	Vanguard Total International Stock ETFRead Desk	0.05%	2.39%	+2.8%	+11.1%	+15.3%	+19.5%	+8.1%	−11.3%	$163.2B
3	IEMG	iShares Core MSCI Emerging Markets ETFRead Desk	0.09%	2.42%	+2.9%	+11.4%	+12.8%	+19.8%	+6.4%	−17.8%	$142.1B
4	BPIO	Invesco Global Water ETFRead Desk	0.75%	0.85%	+3.4%	+4.3%	+2.3%	+12.5%	+2.7%	−13.1%	$268M

End-of-day Nov 9, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

All Four

5Y4 funds

#
1	AACWI	iShares MSCI ACWI ETFRead Desk	0.32%	1.44%	+2.6%	+11.2%	+13.9%	+21.0%	+10.0%	−9.7%	$31.5B
2	VXUS	Vanguard Total International Stock ETFRead Desk	0.05%	2.39%	+2.8%	+11.1%	+15.3%	+19.5%	+8.1%	−11.3%	$163.2B
3	IEMG	iShares Core MSCI Emerging Markets ETFRead Desk	0.09%	2.42%	+2.9%	+11.4%	+12.8%	+19.8%	+6.4%	−17.8%	$142.1B
4	BPIO	Invesco Global Water ETFRead Desk	0.75%	0.85%	+3.4%	+4.3%	+2.3%	+12.5%	+2.7%	−13.1%	$268M

End-of-day Nov 9, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

Cards for this view

ACWI vs PIO

ACWI

iShares MSCI ACWI

$16,115

PIO

Invesco Global Water

$11,452

MeasureACWIPIO

Fee0.32%0.75%

Cost on $10k a year$32$75

Yield1.44%0.85%

5 years, per year+10.0%+2.7%

3 years, per year+21.0%+12.5%

Worst drop · 1Y−9.7%−13.1%

Volatility · 1Y14.8%17.0%

6–0measures won
ACWI first

0.6%

holdings shared

Nov 9, 2026 · $10,000 five years ago, dividends reinvested

VXUS vs IXUS

YTD

VanguardVXUS

+11.1%

IXUSiShares

+11.5%

+11.1%Year to date+11.5%

2.4%Yield3.0%

$163BAssets$56.4B

2–0IXUS wins

End-of-day Nov 9, 2026

VWO vs IEMG

YTD

VanguardVWO

+5.6%

IEMGiShares

+11.4%

+5.6%Year to date+11.4%

2.2%Yield2.4%

$125BAssets$142B

2–0IEMG wins

End-of-day Nov 9, 2026

SCHD vs VIG

YTD

SchwabSCHD

+33.2%

VIGVanguard

+14.8%

+33.2%Year to date+14.8%

3.0%Yield1.5%

$120BAssets$109B

2–0SCHD wins

End-of-day Nov 9, 2026

Overlap: ACWI, PIO, VXUS, IEMG

Today

32.6%most shared, ACWI and VXUS

ACWIPIOVXUSIEMG

ACWI—0.6%32.6%10.6%

PIO0.6%—0.3%0.2%

VXUS32.6%0.3%—24.9%

IEMG10.6%0.2%24.9%—

End-of-day Nov 9, 2026 · share held in common · outlined: the pair in versus

Income After Fees on $10,000

$234most kept, VXUS

VXUS$239 − $5 = $234

IEMG$242 − $9 = $233

ACWI$144 − $32 = $112

PIO$85 − $75 = $10

KeptFee

End-of-day Nov 9, 2026 · yield in dollars minus the fee