# Portfolio overlap — ACWX vs DBAW

Comparing **iShares MSCI ACWI ex U.S. ETF** (2026-01-31) and **Xtrackers MSCI All World ex US Hedged Equity ETF** (2026-02-27).

- Shared positions: 1648
- iShares MSCI ACWI ex U.S. ETF covered by Xtrackers MSCI All World ex US Hedged Equity ETF: 0.9236807787166026842574408536
- Xtrackers MSCI All World ex US Hedged Equity ETF covered by iShares MSCI ACWI ex U.S. ETF: 0.9236807787166026842574408537

## iShares MSCI ACWI ex U.S. ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| TSMC | 0.038325 | ✓ |
| ASML Holding NV | 0.015658 | ✓ |
| SAMSUNG ELECTRONICS CO LTD | 0.014717 | ✓ |
| TENCENT HOLDINGS LTD | 0.013907 | ✓ |
| BABA-W | 0.010359 | ✓ |
| SK HYNIX INC | 0.009590 | ✓ |
| ROCHE HOLDINGS AG (GENUSSCHEINE) | 0.008993 | ✓ |
| HSBC HOLDINGS PL | 0.008544 | ✓ |
| ASTRAZENECA PLC | 0.008087 | ✓ |
| Novartis AG (Registered) | 0.007940 | ✓ |
| NESTLE SA (REG) | 0.006921 | ✓ |
| ROYAL BANK OF CANADA | 0.006589 | ✓ |
| SIEMENS AG-REG | 0.006488 | ✓ |
| SHELL PLC | 0.006241 | ✓ |
| TOYOTA MOTOR CORP | 0.006111 | ✓ |
| MITSUBISHI UFJ F | 0.005928 | ✓ |
| SAP SE | 0.005867 | ✓ |
| NOVO NORDISK-B | 0.005387 | ✓ |
| BANCO SANTANDER SA | 0.005363 | ✓ |
| BHP GROUP LTD | 0.004909 | ✓ |
| COMMONW BK AUSTR | 0.004867 | ✓ |
| ALLIANZ SE (REGD) | 0.004769 | ✓ |
| HITACHI LTD | 0.004547 | ✓ |
| LVMH MOET HENNESSY LOUIS VUITTON SE | 0.004542 | ✓ |
| SHOPIFY INC CL A | 0.004515 | ✓ |
| TORONTO-DOMINION BANK | 0.004476 | ✓ |
| SCHNEIDER ELECTR | 0.004423 | ✓ |
| UBS GROUP AG | 0.004228 | ✓ |
| UNILEVER PLC | 0.004174 | ✓ |
| BBVA | 0.004113 | ✓ |
| BlackRock Cash Funds: Institutional, SL Agency Shares | 0.004093 |  |
| TOTALENERGIES SE | 0.004064 | ✓ |
| IBERDROLA SA | 0.004008 | ✓ |
| ROLLS-ROYCE HOLDINGS PLC | 0.003967 | ✓ |
| SONY GROUP CORP | 0.003875 | ✓ |
| Airbus SE | 0.003831 | ✓ |
| ABB Ltd. (Registered) | 0.003798 | ✓ |
| SIEMENS ENERGY AG | 0.003731 | ✓ |
| BRITISH AMERICAN TOBACCO PLC | 0.003705 | ✓ |
| SUMITOMO MITSUI FINL GROUP INC | 0.003675 | ✓ |
| SAFRAN SA | 0.003620 | ✓ |
| ADVANTEST CORP | 0.003574 | ✓ |
| AIA Group Ltd | 0.003505 | ✓ |
| DEUTSCHE TELEKOM | 0.003483 | ✓ |
| UNICREDIT SPA | 0.003437 | ✓ |
| TOKYO ELECTRON | 0.003329 | ✓ |
| HDFC BANK LTD | 0.003192 | ✓ |
| L'OREAL SA ORD | 0.003105 | ✓ |
| MIZUHO FINANCIAL | 0.003102 | ✓ |
| BNP PARIBAS | 0.003058 | ✓ |

## Xtrackers MSCI All World ex US Hedged Equity ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| TSMC | 0.041337 | ✓ |
| SAMSUNG ELECTRONICS CO LTD | 0.018712 | ✓ |
| ASML Holding NV | 0.014868 | ✓ |
| DWS GOVERNMENT MONEY MARKET SERIES INSTITUTIONAL SHARES | 0.012167 |  |
| TENCENT HOLDINGS LTD | 0.011206 | ✓ |
| SK HYNIX INC | 0.010635 | ✓ |
| ROCHE HOLDINGS AG (GENUSSCHEINE) | 0.008808 | ✓ |
| ASTRAZENECA PLC | 0.008530 | ✓ |
| HSBC HOLDINGS PL | 0.008506 | ✓ |
| Novartis AG (Registered) | 0.008438 | ✓ |
| BABA-W | 0.008334 | ✓ |
| NESTLE SA (REG) | 0.007331 | ✓ |
| SHELL PLC | 0.006172 | ✓ |
| ROYAL BANK OF CANADA | 0.006133 | ✓ |
| TOYOTA MOTOR CORP | 0.006102 | ✓ |
| SIEMENS AG-REG | 0.005869 | ✓ |
| MITSUBISHI UFJ F | 0.005599 | ✓ |
| SAP SE | 0.005572 | ✓ |
| BHP GROUP LTD | 0.005571 | ✓ |
| COMMONW BK AUSTR | 0.005462 | ✓ |
| BANCO SANTANDER SA | 0.004927 | ✓ |
| SCHNEIDER ELECTR | 0.004728 | ✓ |
| ALLIANZ SE (REGD) | 0.004468 | ✓ |
| TORONTO-DOMINION BANK | 0.004280 | ✓ |
| UNILEVER PLC | 0.004252 | ✓ |
| LVMH MOET HENNESSY LOUIS VUITTON SE | 0.004169 | ✓ |
| TOTALENERGIES SE | 0.004162 | ✓ |
| HITACHI LTD | 0.004030 | ✓ |
| IBERDROLA SA | 0.004013 | ✓ |
| SIEMENS ENERGY AG | 0.003947 | ✓ |
| ROLLS-ROYCE HOLDINGS PLC | 0.003944 | ✓ |
| SHOPIFY INC CL A | 0.003874 | ✓ |
| DEUTSCHE TELEKOM | 0.003856 | ✓ |
| ABB Ltd. (Registered) | 0.003829 | ✓ |
| SAFRAN SA | 0.003793 | ✓ |
| SONY GROUP CORP | 0.003706 | ✓ |
| SUMITOMO MITSUI FINL GROUP INC | 0.003682 | ✓ |
| BRITISH AMERICAN TOBACCO PLC | 0.003568 | ✓ |
| BBVA | 0.003544 | ✓ |
| UBS GROUP AG | 0.003523 | ✓ |
| ADVANTEST CORP | 0.003493 | ✓ |
| Airbus SE | 0.003419 | ✓ |
| AGNICO EAGLE MINES LTD | 0.003324 | ✓ |
| TOKYO ELECTRON | 0.003279 | ✓ |
| L'Air Liquide, societe anonyme pour l'Etude et l'Exploitation des procedes Georges Claude | 0.003252 | ✓ |
| NOVO NORDISK-B | 0.003202 | ✓ |
| GSK PLC | 0.003171 | ✓ |
| AIA Group Ltd | 0.003119 | ✓ |
| UNICREDIT SPA | 0.003096 | ✓ |
| MIZUHO FINANCIAL | 0.003023 | ✓ |


## Sources

- N-PORT (fund A) — accession `0001410368-26-031721` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/1100663/000141036826031721/0001410368-26-031721-index.htm>
- N-PORT (fund B) — accession `0000940400-26-015642` (as of 2026-02-27)
  <https://www.sec.gov/Archives/edgar/data/1503123/000094040026015642/0000940400-26-015642-index.htm>

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