ACWX
iShares MSCI ACWI ex U.S. ETF
iShares MSCI ACWX Index Fund seeks investment results that correspond to the performance of the MSCI ACWX Index.
Fund Basics
| Fund sponsor | Barclays Global Fund Advisors |
| Category | International Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 26, 2008 |
| Assets (mns) | $4,276 |
| Expense ratio | 32 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TAIWAN SEMICONDUCTOR MANUFAC | 1.7 % |
| NESTLE SA-REG | 1.3 % |
| TENCENT HOLDINGS LTD | 1.1 % |
| SAMSUNG ELECTRONICS CO LTD | 1.0 % |
| ASML HOLDING NV | 1.0 % |
| SHELL PLC | 0.9 % |
| LVMH MOET HENNESSY LOUIS VUI | 0.9 % |
| ASTRAZENECA PLC | 0.9 % |
| NOVARTIS AG | 0.9 % |
| TOYOTA MOTOR CORP | 0.8 % |
Constituent Breakdown
| Number of holdings | 1896 |
| Herfindahl-Hirschman Index | 29 |
| Wgt avg mkt cap (mns) | $49,207 |
| Large cap (>$10bn) | 42.0% |
| Mid cap ($2-10bn) | 14.2% |
| Small cap (<$2bn) | 0.2% |
| Developed mkts. | 73.0% |
| Emerging mkts. | 27.0% |
Country Exposure
 |
JAPAN | 14.8 % |
 |
BRITAIN | 9.1 % |
 |
CHINA | 7.7 % |
 |
FRANCE | 7.0 % |
 |
SWITZERLAND | 6.7 % |
 |
CANADA | 6.7 % |
 |
GERMANY | 5.3 % |
 |
AUSTRALIA | 4.5 % |
 |
INDIA | 4.2 % |
 |
TAIWAN | 4.1 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 8.8% | 12.8% | -5.1% | 4.0% | 3.2% | 4.3% | 2.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.83 | 71% |
| MSCI EAFE | 0.93 | 93% |
| MSCI Emg Mkts | 0.87 | 77% |
Liquidity Measures
| Avg. volume (000) | 1,216 |
| Turnover | 1.3% |
| Avg. Bid/Ask (% of price) | 0.02% |
| ADV of underlying (mns) | $62,301 |
Technical Indicators
| Recent close | $47.10 |
| 30d moving avg. | $48.33 |
| Annualized volatility | 17.6% |
| Relative strength (RSI) | 39 |
| Short interest (ETF) | 3.1% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. ACWX |
Expenses vs. ACWX |
ALTAR Score™ vs. ACWX |
|---|---|---|---|---|
| DBAW | Xtrackers MSCI All World ex US Hedged Equity ETF | 90.3% | +9 bp | -0.2% |
| VEU | Vanguard FTSE All-World ex-US Index Fund | 84.9% | -24 bp | +0.2% |
| IXUS | ishares Core MSCI Total International Stock ETF | 82.4% | -25 bp | -0.1% |
| VXUS | Vanguard Total International Stock ETF | 79.8% | -25 bp | +0.0% |
| CWI | SPDR MSCI ACWI ex-US ETF | 71.8% | -2 bp | +0.1% |
| VEA | Vanguard FTSE Developed Markets ETF | 70.1% | -27 bp | +0.0% |
| IDEV | iShares Core MSCI International Developed Markets ETF | 68.1% | -28 bp | -0.1% |
| SPDW | SPDR Portfolio Developed World ex-US ETF | 68.1% | -29 bp | -0.3% |
| SCHF | Schwab International Equity ETF | 65.8% | -26 bp | +0.3% |
| VSGX | Vanguard ESG International Stock ETF | 65.7% | -20 bp | -0.1% |
Risk and Returns: ACWX 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.
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Results & Estimates
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| 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
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Valuation Metrics
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 9/28/2023
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
ACWX
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
ACWX
7.9%
Cat. Avg
8.2%
Fund Category: International Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 7.9% |
Recommendation
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
Category Overview
There are 271 funds in the International Equities category, with an average ALTAR Score™
of 8.2% and a standard deviation of
2.6%. ACWX's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places ACWX in the 45th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
ACWX
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| ACWX | 32.0 | 2.1 | 34.1 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .