KLMT

IronyElSupremo

Can look at it vs the performance Invesco’s KLMT which holds the top 500 large cap global stocks. ACWI (with mid caps) and KLMT have 77% overlap with KLMT having 99% of the stocks that ACWI has. ACWI still has a bit of advantage performance wise. There’s likely tracking, but also the mid-caps will show their own strengths globally (in just the U.S. mid caps now lag the S&P 500 … thought to be temporary btw). ACWI tracks very well but don’t think that’s a long term factor. However, if you look at popular VT at ~ 10,000 stocks and the similar ~4000 stock SPGM, .. SPGM usually does better than VT in most time frames. Think there can be too many small caps.