ACWV
iShares MSCI Global Min Vol Factor ETF
iShares MSCI All Country World Minimum Volatility Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the MSCI All Country World Minimum Volatility Index.
Global
EQUITY
Passive
MANAGEMENT STYLE
4.4 B
ASSETS UNDER MGMT
20 bp
EXPENSES
Fund Basics
| Fund sponsor | BlackRock Fund Advisors |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 18, 2011 |
| Assets (mns) | $4,393 |
| Expense ratio | 20 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Multi-Factor |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| T-MOBILE US, INC. | 1.9 % |
| MOTOROLA SOLUTIONS | 1.8 % |
| WAL-MART STORES INC | 1.7 % |
| CISCO SYSTEMS INC | 1.5 % |
| WASTE MANAGEMENT INC | 1.4 % |
| ROPER TECHNOLOGIES, INC. | 1.3 % |
| MCKESSON CORP | 1.2 % |
| MERCK & CO. INC. | 1.1 % |
| REPUBLIC SERVICES INC | 1.1 % |
| PEPSICO INC | 1.1 % |
Constituent Breakdown
| Number of holdings | 389 |
| Herfindahl-Hirschman Index | 59 |
| Wgt avg mkt cap (mns) | $146,108 |
| Large cap (>$10bn) | 89.6% |
| Mid cap ($2-10bn) | 10.4% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 79.0% |
| Emerging mkts. | 21.0% |
Country Exposure
 |
UNITED STATES | 56.1 % |
 |
JAPAN | 9.9 % |
 |
CHINA | 6.0 % |
 |
INDIA | 5.8 % |
 |
TAIWAN | 5.1 % |
 |
SWITZERLAND | 3.3 % |
 |
HONG KONG | 1.7 % |
 |
SAUDI ARABIA | 1.2 % |
 |
CANADA | 1.1 % |
 |
SINGAPORE | 1.1 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 12.7% | 20.4% | 15.1% | 5.2% | 5.7% | 7.7% | 8.7% | Volatility | 7.0% | 7.7% | 10.5% | 10.6% | 14.9% | 12.5% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.61 | 79% |
| MSCI EAFE | 0.62 | 80% |
| MSCI Emg Mkts | 0.49 | 48% |
Liquidity Measures
| Avg. volume (000) | 128 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.04% |
| ADV of underlying (mns) | $96,875 |
Technical Indicators
| Recent close | $114.39 |
| 30d moving avg. | $113.42 |
| Annualized volatility | 12.2% |
| Relative strength (RSI) | 49 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. ACWV |
Expenses vs. ACWV |
ALTAR Score™ vs. ACWV |
|---|---|---|---|---|
| USMV | iShares MSCI USA Min Vol Factor ETF | 54.4% | -5 bp | -1.2% |
| QWLD | SPDR MSCI World StrategicFactors ETF | 40.4% | +10 bp | -0.6% |
| ESMV | iShares ESG MSCI USA Min Vol Factor ETF | 38.9% | -2 bp | -1.1% |
| QUS | SPDR MSCI USA StrategicFactors ETF | 37.5% | -5 bp | -1.1% |
| GLOV | Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF | 35.5% | +5 bp | -1.1% |
| LGLV | SPDR SSGA US Large Cap Low Volatility Index ETF | 33.3% | -8 bp | -1.5% |
| ROUS | Hartford Multifactor US Equity ETF | 32.3% | -1 bp | -0.2% |
| FDLO | Fidelity Low Volatility Factor ETF | 31.3% | -5 bp | -1.6% |
| VFMV | Vanguard U.S. Minimum Volatility ETF | 31.2% | -7 bp | -1.8% |
| XRLV | Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF | 29.5% | +5 bp | -1.5% |
Risk and Returns: ACWV vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 10/21/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
ACWV
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
ACWV
6.7%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 361 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.6%. ACWV's ALTAR Score™ is approximately
0.6 standard deviations
above
the category average. This places ACWV in the 72nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
ACWVSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive Global Equity ETFs |
| # of ETFs | 53 |
| Avg. Expense Ratio | 50.8 bp |
| Std. Deviation | 22.4 bp |
| ACWV (20 bp) Percentile rank | 8 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| ACWV | 20.0 | 4.3 | 24.3 |
| Peer Avg. | 25.4 | 7.7 | 33.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .