ACWI vs VUG: which ETF won each year?

Yearly returns side by side, one winner per year — dividends included, priced as you'd actually buy them.

ACWI tracks the MSCI ACWI IndexVUG tracks the CRSP US Large Cap Growth 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.

ACWI turned it into
$30,708
+11.87% per year on average · 20162025
VUG turned it into
$49,942
+17.45% per year on average · 20162025
Difference
−$19,234
VUG made more of the same money

ACWI vs VUG, 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.

Years compared
19
where both funds were trading
ACWI won
5
years
VUG won
14
years
YearACWIVUGWinner
2026 (so far)+11.66%+6.18%ACWI
2025+22.41%+19.40%ACWI
2024+17.45%+32.69%VUG
2023+22.27%+46.83%VUG
2022-18.39%-33.16%ACWI
2021+18.66%+27.35%VUG
2020+16.34%+40.25%VUG
2019+26.59%+37.03%VUG
2018-9.12%-3.32%VUG
2017+24.33%+27.72%VUG
2016+8.40%+6.27%ACWI
2015-2.21%+3.24%VUG
2014+3.83%+13.61%VUG
2013+22.38%+32.48%VUG
2012+16.75%+17.01%VUG
2011-7.82%+1.82%VUG
2010+12.78%+17.22%VUG
2009+32.36%+36.14%VUG
2008-35.29%-38.02%ACWI
2007+12.52%
2006+9.19%
2005+5.02%
2004+4.99%

ACWI vs VUG in plain words

ACWI tracks the MSCI ACWI Index while VUG follows the CRSP US Large Cap Growth Index, so they own different slices of the market and their years can look very different. ACWI charges 0.32% a year in running costs and VUG charges 0.03% — VUG is the cheaper fund to hold.

Both funds distribute: dividends land in your account as cash instead of being reinvested automatically. Across the 19 calendar years both funds were trading, ACWI finished the year ahead 5 times and VUG 14 times. $10,000 invested at the start of 2016 was worth $30,708 in ACWI versus $49,942 in VUG by the end of 2025, dividends reinvested.

Fund facts: ACWI vs VUG

FactACWIVUG
FundiShares MSCI ACWI ETFVanguard Growth ETF
TracksMSCI ACWI IndexCRSP US Large Cap Growth Index
Yearly cost (TER)0.32%0.03%
DividendsDistributing — dividends paid outDistributing — dividends paid out
Launched26 Mar 200826 Jan 2004

Frequently asked

Is ACWI or VUG better?

Across the 19 calendar years both funds were trading, ACWI finished the year ahead 5 times and VUG 14 times. $10,000 invested at the start of 2016 was worth $30,708 in ACWI versus $49,942 in VUG 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 ACWI and VUG?

ACWI tracks the MSCI ACWI Index while VUG follows the CRSP US Large Cap Growth Index, so they own different slices of the market and their years can look very different. ACWI charges 0.32% a year in running costs and VUG charges 0.03% — VUG is the cheaper fund to hold. Both funds distribute: dividends land in your account as cash instead of being reinvested automatically.

What would $10,000 in ACWI have become?

$10,000 invested in ACWI at the start of 2016 grew to $30,708 by the end of 2025, with dividends reinvested — an average of 11.9% per year.

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