S&P500 and All Country Index funds

Quick question as I think about my portfolio. Does it make sense to invest into both an S&P 500 and all-country index? Or is it better to just stick with one instead? For example, 50k SP and 50K AC versus 100k SP per month.

My understanding is that all-country funds are mostly exposed to American companies/stock anyway, so investing into the above mentioned funds is just increasing my exposure to the American economy (for better or for worse).

Thanks for your time!

by Froyo_Muted

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