I am still debating between XAW and individual etfs. The advantage I see with XAW is when I have to start selling in retirement, it would be cheaper and easier for rebalancing to sell one fund instead of 2. On the other hand, is it possible the market capitalization of the US may increase and the allocation to the US in XAW would become even higher? I believe it is 55% now. Maybe I am overthinking things. I don't think I would want the allocation to be higher.