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
4.0 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) | $4,044 |
| 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 +
| WAL-MART STORES INC | 1.5 % |
| T-MOBILE US, INC. | 1.4 % |
| MOTOROLA SOLUTIONS | 1.4 % |
| CISCO SYSTEMS INC | 1.3 % |
| ROPER TECHNOLOGIES, INC. | 1.3 % |
| MCKESSON CORP | 1.2 % |
| REPUBLIC SERVICES INC | 1.2 % |
| MERCK & CO. INC. | 1.1 % |
| WASTE MANAGEMENT INC | 1.0 % |
| PEPSICO INC | 1.0 % |
Constituent Breakdown
| Number of holdings | 396 |
| Herfindahl-Hirschman Index | 56 |
| Wgt avg mkt cap (mns) | $152,291 |
| Large cap (>$10bn) | 89.9% |
| Mid cap ($2-10bn) | 10.0% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 80.0% |
| Emerging mkts. | 20.1% |
Country Exposure
 |
UNITED STATES | 57.6 % |
 |
JAPAN | 9.8 % |
 |
INDIA | 6.0 % |
 |
CHINA | 5.0 % |
 |
TAIWAN | 4.5 % |
 |
SWITZERLAND | 2.7 % |
 |
HONG KONG | 1.6 % |
 |
GERMANY | 1.3 % |
 |
SAUDI ARABIA | 1.2 % |
 |
CANADA | 1.1 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 13.6% | 17.2% | 9.4% | 5.2% | 5.7% | 7.2% | 8.6% | Volatility | 7.4% | 7.6% | 8.7% | 10.7% | 14.9% | 12.5% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.61 | 80% |
| MSCI EAFE | 0.61 | 78% |
| MSCI Emg Mkts | 0.46 | 44% |
Liquidity Measures
| Avg. volume (000) | 152 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.04% |
| ADV of underlying (mns) | $75,479 |
Technical Indicators
| Recent close | $109.30 |
| 30d moving avg. | $114.06 |
| Annualized volatility | 12.1% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 0.1% |
| 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. ACWV |
Expenses vs. ACWV |
ALTAR Score™ vs. ACWV |
|---|---|---|---|---|
| USMV | iShares MSCI USA Min Vol Factor ETF | 56.4% | -5 bp | -0.7% |
| QWLD | SPDR MSCI World StrategicFactors ETF | 40.8% | +10 bp | -0.4% |
| ESMV | iShares ESG MSCI USA Min Vol Factor ETF | 39.3% | -2 bp | -0.6% |
| QUS | SPDR MSCI USA StrategicFactors ETF | 39.3% | -5 bp | -0.6% |
| GLOV | Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF | 36.9% | +5 bp | -0.8% |
| LGLV | SPDR SSGA US Large Cap Low Volatility Index ETF | 35.5% | -8 bp | -1.0% |
| ROUS | Hartford Multifactor US Equity ETF | 32.6% | -1 bp | +0.2% |
| FDLO | Fidelity Low Volatility Factor ETF | 32.3% | -5 bp | -1.2% |
| VFMV | Vanguard U.S. Minimum Volatility ETF | 31.4% | -7 bp | -1.4% |
| XRLV | Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF | 28.0% | +5 bp | -1.3% |
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.
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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
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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 12/20/2024
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.
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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
6.6%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 374 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
4.8%. ACWV's ALTAR Score™ is approximately
0.5 standard deviations
above
the category average. This places ACWV in the 69th 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 .