EFAV
iShares MSCI EAFE Min Vol Factor ETF
iShares MSCI EAFE Minimum Volatility Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the MSCI EAFE Minimum Volatility Index.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
5.5 B
ASSETS UNDER MGMT
22 bp
EXPENSES
Fund Basics
| Fund sponsor | BlackRock Fund Advisors |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 18, 2011 |
| Assets (mns) | $5,513 |
| Expense ratio | 22 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 +
| NOVARTIS AG | 1.5 % |
| SWISSCOM AG | 1.5 % |
| ZURICH FINANCIAL SERVICES AG | 1.5 % |
| ORANGE SA | 1.5 % |
| UNILEVER PLC | 1.4 % |
| ROYAL AHOLD DELHAIZE N.V. | 1.4 % |
| IBERDROLA SA | 1.3 % |
| SECOM CO LTD | 1.3 % |
| SOFTBANK CORP. | 1.3 % |
| DBS GROUP HOLDINGS LTD | 1.3 % |
Constituent Breakdown
| Number of holdings | 229 |
| Herfindahl-Hirschman Index | 76 |
| Wgt avg mkt cap (mns) | $56,361 |
| Large cap (>$10bn) | 88.1% |
| Mid cap ($2-10bn) | 10.2% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 98.3% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
JAPAN | 26.7 % |
 |
SWITZERLAND | 11.6 % |
 |
BRITAIN | 10.1 % |
 |
FRANCE | 7.2 % |
 |
HONG KONG | 5.8 % |
 |
SINGAPORE | 5.2 % |
 |
GERMANY | 4.8 % |
 |
SPAIN | 4.7 % |
 |
NETHERLANDS | 4.0 % |
 |
AUSTRALIA | 3.5 % |
Historical Performance
Standardized Performance (as of 05/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 19.4% | 17.9% | 12.0% | 7.6% | 5.0% | 2.2% | -- | 3.8% |
| Dividend Yield | 0.0% | 2.4% | 2.9% | 2.8% | 2.5% | 2.9% | -- | 2.8% |
| Total Returns | 19.4% | 20.2% | 14.9% | 10.3% | 7.5% | 5.1% | -- | 6.6% | Ann. Volatility | 14.9% | 12.6% | 11.2% | 12.3% | 12.2% | 13.6% | -- | 13.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.55 | 44% |
| MSCI EAFE | 0.69 | 71% |
| MSCI Emg Mkts | 0.59 | 53% |
Liquidity Measures
| Avg. volume (000) | 387 |
| ADV traded (mns) | $33 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.08% |
Technical Indicators
| Recent close | $84.82 |
| 30d moving avg. | $83.62 |
| Annualized volatility | 14.0% |
| Relative strength (RSI) | 61 |
| Short interest | 0.2% |
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| QLVD | FlexShares Developed Markets ex-US Quality Low Volatility In | 52.2% | +10 bp | +5.8% |
| QEFA | SPDR MSCI EAFE StrategicFactors ETF | 52.2% | +8 bp | +7.1% |
| HDMV | First Trust Horizon Managed Volatility Developed Intl ETF | 39.7% | +58 bp | +5.5% |
| DOL | WisdomTree International LargeCap Dividend Fund | 36.5% | +26 bp | +7.3% |
| DWMF | WisdomTree International Multifactor Fund | 34.5% | +16 bp | +6.9% |
| EFA | iShares MSCI EAFE ETF | 31.9% | +13 bp | +6.9% |
| DWM | WisdomTree International Equity Fund | 31.8% | +26 bp | +7.5% |
| DDWM | WisdomTree Dynamic Currency Hedged International Equity Fund | 31.8% | +18 bp | +7.6% |
| JHMD | John Hancock Multifactor Developed International ETF | 30.9% | +17 bp | +7.6% |
| RODM | Hartford Multifactor Developed Markets (ex-US) ETF | 30.9% | +7 bp | +7.9% |
Risk and Returns: 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 6/16/2025
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
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 Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
5.7%
Cat. Avg
7.3%
ALTAR Score™ Calculation
Category Overview
There are 258 funds in the International Equity category, with an average ALTAR Score™
of 7.3% and a standard deviation of
1.9%. 's ALTAR Score™ is approximately
0.9 standard deviations
below
the category average. This places in the 19th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
EFAVSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| (22 bp) Percentile rank | 20 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| 22.0 | 0.0 | 22 | |
| Peer Avg. | 34.9 | 18.7 | 53.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .