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
5.9 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) | $5,886 |
| 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 +
| ZURICH FINANCIAL SERVICES AG | 1.7 % |
| INDITEX | 1.6 % |
| SWISSCOM AG | 1.5 % |
| OTSUKA HOLDINGS CO LTD | 1.5 % |
| ROYAL AHOLD DELHAIZE N.V. | 1.5 % |
| NOVARTIS AG | 1.5 % |
| UNILEVER PLC | 1.5 % |
| BAE SYSTEMS PLC | 1.4 % |
| DBS GROUP HOLDINGS LTD | 1.3 % |
| SANOFI-AVENTIS | 1.3 % |
Constituent Breakdown
| Number of holdings | 234 |
| Herfindahl-Hirschman Index | 73 |
| Wgt avg mkt cap (mns) | $57,603 |
| Large cap (>$10bn) | 80.3% |
| Mid cap ($2-10bn) | 18.7% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
JAPAN | 27.2 % |
 |
SWITZERLAND | 12.6 % |
 |
BRITAIN | 9.5 % |
 |
FRANCE | 6.9 % |
 |
HONG KONG | 5.8 % |
 |
NETHERLANDS | 5.1 % |
 |
GERMANY | 5.0 % |
 |
SINGAPORE | 4.7 % |
 |
SPAIN | 4.3 % |
 |
AUSTRALIA | 3.4 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 6.4% | 16.6% | 14.5% | 0.9% | 2.1% | 4.2% | 5.6% | Volatility | 9.7% | 9.8% | 10.8% | 12.3% | 15.6% | 13.4% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.66 | 65% |
| MSCI EAFE | 0.75 | 89% |
| MSCI Emg Mkts | 0.62 | 59% |
Liquidity Measures
| Avg. volume (000) | 243 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.08% |
| ADV of underlying (mns) | $21,499 |
Technical Indicators
| Recent close | $72.13 |
| 30d moving avg. | $75.62 |
| Annualized volatility | 14.1% |
| Relative strength (RSI) | 45 |
| 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. EFAV |
Expenses vs. EFAV |
ALTAR Score™ vs. EFAV |
|---|---|---|---|---|
| QEFA | SPDR MSCI EAFE StrategicFactors ETF | 55.4% | +8 bp | +0.7% |
| QLVD | FlexShares Developed Markets ex-US Quality Low Volatility In | 52.6% | +10 bp | -0.6% |
| HDMV | First Trust Horizon Managed Volatility Developed Intl ETF | 42.1% | +58 bp | -1.0% |
| DWMF | WisdomTree International Multifactor Fund | 39.9% | +16 bp | +0.9% |
| DOL | WisdomTree International LargeCap Dividend Fund | 35.4% | +26 bp | +1.3% |
| RODM | Hartford Multifactor Developed Markets (ex-US) ETF | 33.3% | +7 bp | +2.1% |
| EFA | iShares MSCI EAFE ETF | 33.2% | +13 bp | +0.3% |
| DWM | WisdomTree International Equity Fund | 33.2% | +26 bp | +1.4% |
| DDWM | WisdomTree Dynamic Currency Hedged International Equity Fund | 33.1% | +18 bp | +1.3% |
| EFV | iShares MSCI EAFE Value ETF | 32.3% | +12 bp | +2.8% |
Risk and Returns: EFAV 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 11/15/2024
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
EFAV
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
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
EFAV
6.6%
Cat. Avg
7.4%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.4% and a standard deviation of
2.6%. EFAV's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places EFAV in the 38th 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 |
| EFAV (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) |
|
|---|---|---|---|
| EFAV | 22.0 | 8.1 | 30.1 |
| Peer Avg. | 35.0 | 18.4 | 53.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .