iShares MSCI ACWI ETF
ALTAR
Score™
5.1% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
25.7x P/Sales
ratio
2.2x
P/BV
ratio
2.6x Div.
yield
1.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI ACWI Index Fund seeks investment results that correspond to the performance of the MSCI ACWI Index of global equities.

FUND BASICS
Category Global Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Mar 26, 2008
Assets (mns) $14,838
Currency USD
Expense ratio 32 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 2237
Wgt avg mkt cap (mns) $316,311
Large cap (>$10bn) 92.3%
Mid cap ($2-10bn) 6.8%
Small cap (<$2bn) 0.1%
Developed mkts 88.8%
Emerging mkts 10.9%

TOP TEN HOLDINGS
APPLE INC 3.9 %
MICROSOFT CORP 2.6 %
AMAZON.COM INC 2.3 %
FACEBOOK 1.1 %
TESLA MOTORS INC 1.0 %
TAIWAN SEMICONDUCTOR MANUFAC 0.9 %
ALPHABET INC. CLASS C 0.9 %
ISHARES MSCI INDIA ETF 0.9 %
ALPHABET INC. CLASS A 0.9 %
TENCENT HOLDINGS LTD 0.8 %
Total 15.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 54.7 %
JAPAN 6.7 %
CHINA 5.0 %
BRITAIN 4.3 %
SWITZERLAND 2.8 %
CANADA 2.7 %
FRANCE 2.6 %
GERMANY 2.4 %
SOUTH KOREA 1.9 %
TAIWAN 1.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
16.3% 16.3% 12.5% 9.2% 7.0%

Market Correlations
versus... Beta R-squared
S&P500 0.94 96%
MSCI EAFE 0.93 93%
MSCI Emg. Mkts. 0.77 80%

Technical Indicators
Recent close $93.79
30d moving avg. $91.38
Annualized volatility 18.0%
Short interest (ETF) 9.3%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 4,056
Turnover 2.6%
Bid/Ask (% of price) 0.01%
ADV underlying (mns) $446,632

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the iShares MSCI ACWI ETF ETF based on the alternatives' overlap in portfolio holdings with ACWI. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ACWI Expense: 32 bp ALTAR Score™: 5.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ACWI
Ticker Fund
Name
Overlap1
vs ACWI
(%)
Expense
ratio
(bp)
Savings
vs ACWI
(bp)
ALTAR
Score™
(%)
ALTAR
vs ACWI
(%)
VT Vanguard Total World Stock ETF 83.5 8 24 5.4 +0.3
URTH iShares MSCI World ETF 82.8 24 8 5.0 -0.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 82.7 20 12 5.3 +0.2
LOWC SPDR MSCI ACWI Low Carbon Target ETF 82.5 20 12 5.3 +0.3
TOK iShares MSCI Kokusai ETF 78.8 25 7 4.9 -0.2
KOKU Xtrackers MSCI Kokusai Equity ETF 77.9 9 23 5.0 -0.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 59.7 9 23 5.1 +0.0
QWLD SPDR MSCI World StrategicFactors ETF 58.2 30 2 5.4 +0.3
PBUS Invesco PureBeta MSCI USA ETF 56.7 4 28 4.6 -0.5
SCHB Schwab U.S. Broad Market ETF 56.5 3 29 4.5 -0.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 56.5 3 29 4.4 -0.7
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 56.5 25 7 4.9 -0.2
IYY iShares Dow Jones U.S. ETF 56.5 20 12 4.4 -0.7
SCHX Schwab U.S. Large-Cap ETF 56.4 3 29 4.6 -0.5
VTI Vanguard Total Stock Market Index Fund 56.4 3 29 4.4 -0.7
VTHR Vanguard Russell 3000 Index Fund 56.2 10 22 4.4 -0.7
IWV iShares Russell 3000 ETF 56.2 20 12 4.3 -0.8
IWB iShares Russell 1000 ETF 56.2 15 17 4.5 -0.6
VONE Vanguard Russell 1000 ETF 56.2 8 24 4.6 -0.5
SCHK Schwab 1000 Index ETF 56.1 5 27 4.6 -0.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 55.4 2 30 4.6 -0.4
VV Vanguard Large-Cap Index Fund 55.1 4 28 4.6 -0.5
JHML John Hancock Multifactor Large Cap ETF 55.0 29 3 4.9 -0.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 54.4 7 25 4.5 -0.5
DFAU Dimensional US Core Equity Market ETF 54.2 12 20 4.7 -0.4
SFY SoFi Select 500 ETF 53.5 0 32 4.6 -0.5
SPTM SPDR Portfolio Total Stock Market ETF 53.1 3 29 4.8 -0.3
IVV iShares Core S&P 500 ETF 52.6 3 29 4.7 -0.3
SPLG SPDR Portfolio Large Cap ETF 52.6 3 29 4.7 -0.3
SPY SPDR S&P 500 ETF Trust 52.6 9 23 4.7 -0.4
PBP Invesco S&P 500 BuyWrite ETF 52.6 49 -17 4.3 -0.8
XYLG Global X S&P 500 Covered Call & Growth ETF 52.6 60 -28 4.4 -0.7
VOO VANGUARD S&P 500 ETF 52.5 3 29 4.8 -0.3
ESGG FlexShares STOXX Global ESG Impact Index Fund 51.9 42 -10 4.6 -0.5
SPXE ProShares S&P 500 Ex-Energy ETF 51.0 27 5 4.6 -0.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 50.6 20 12 4.8 -0.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 49.8 9 23 4.8 -0.3
AVUS Avantis U.S. Equity ETF 49.5 15 17 4.8 -0.2
ESGV Vanguard ESG U.S. Stock ETF 48.2 12 20 4.5 -0.6
ESGU iShares MSCI USA ESG Optimized ETF 47.8 15 17 4.4 -0.7
XVV iShares ESG Screened S&P 500 ETF 46.7 8 24 4.9 -0.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 46.1 30 2 5.3 +0.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 46.1 12 20 4.0 -1.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 45.8 20 12 4.6 -0.5
MGC Vanguard Mega Cap Index Fund 45.7 7 25 4.6 -0.5
SPXN ProShares S&P 500 Ex-Financials ETF 45.7 27 5 4.3 -0.7
PRF Invesco FTSE RAFI US 1000 ETF 45.2 39 -7 5.7 +0.7
QUS SPDR MSCI USA StrategicFactors ETF 45.0 15 17 5.3 +0.2
SPXV ProShares S&P 500 Ex-Health Care ETF 45.0 27 5 4.3 -0.8
EPS WisdomTree U.S. Earnings 500 Fund 45.0 8 24 5.9 +0.9
BKLC BNY Mellon US Large Cap Core Equity ETF 44.4 0 32 4.4 -0.6
CATH Global X S&P 500 Catholic Values Custom ETF 44.3 29 3 4.6 -0.5
IWL iShares Russell Top 200 ETF 43.8 15 17 4.4 -0.7
FNDB Schwab Fundamental U.S. Broad Market Index ETF 42.9 25 7 5.7 +0.6
FNDX Schwab Fundamental U.S. Large Co. Index ETF 42.9 25 7 5.7 +0.7
ACWX iShares MSCI ACWI ex U.S. ETF 42.5 32 0 6.3 +1.2
RWL Invesco S&P 500 Revenue ETF 41.8 39 -7 6.3 +1.2
IXUS ishares Core MSCI Total International Stock ETF 41.6 9 23 6.4 +1.4
JCTR JPMorgan Carbon Transition U.S. Equity ETF 41.5 15 17 4.7 -0.4
VLU SPDR S&P 1500 Value Tilt ETF 41.4 12 20 6.2 +1.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 40.8 40 -8 6.1 +1.0
IUS Invesco Strategic US ETF 40.3 19 13 5.5 +0.4
VXUS Vanguard Total International Stock ETF 40.1 8 24 6.6 +1.6
VEU Vanguard FTSE All-World ex-US Index Fund 39.9 8 24 6.7 +1.6
IQSU IQ Candriam ESG US Equity ETF 39.8 9 23 4.5 -0.6
DIVB iShares U.S. Dividend & Buyback ETF 39.5 25 7 5.9 +0.9
SNPE Xtrackers S&P 500 ESG ETF 38.6 10 22 4.6 -0.5
EFIV SPDR S&P 500 ESG ETF 38.6 10 22 4.6 -0.5
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 38.0 30 2 5.1 0.0
ESG FlexShares STOXX US ESG Impact Index Fund 38.0 32 0 4.5 -0.6
SPXT ProShares S&P 500 Ex-Technology ETF 37.5 27 5 4.9 -0.2
IUSG iShares Core S&P US Growth ETF 36.7 4 28 3.6 -1.4
SPYG SPDR Portfolio S&P 500 Growth ETF 36.3 4 28 3.6 -1.4
IVW iShares S&P 500 Growth ETF 36.3 18 14 3.5 -1.6
VOOG Vanguard S&P 500 Growth ETF 36.2 10 22 3.9 -1.2
XOUT GraniteShares XOUT U.S. Large Cap ETF 36.2 60 -28 3.6 -1.5
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 35.5 9 23 5.0 -0.1
EUSA iShares MSCI USA Equal Weighted ETF 35.2 15 17 5.2 +0.1
OEF iShares S&P 100 ETF 35.1 20 12 4.2 -0.9
IWF iShares Russell 1000 Growth ETF 35.0 19 13 3.4 -1.7
VONG Vanguard Russell 1000 Growth Index Fund 34.9 8 24 3.5 -1.6
SIZE iShares MSCI USA Size Factor ETF 34.3 15 17 5.2 +0.1
IUSV iShares Core S&P U.S. Value ETF 34.1 4 28 6.5 +1.4
VOOV Vanguard S&P 500 Value ETF 33.8 10 22 6.6 +1.6
SPYV SPDR Portfolio S&P 500 Value ETF 33.8 4 28 6.5 +1.4
IVE iShares S&P 500 Value ETF 33.8 18 14 6.3 +1.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 33.7 15 17 0.0 -5.1
DTD WisdomTree U.S.Total Dividend Fund 33.4 28 4 6.2 +1.2
RSP Invesco S&P 500 Equal Weight ETF 33.4 20 12 5.6 +0.6
RESP WisdomTree US ESG Fund of Benef Interest 33.2 28 4 5.0 -0.0
DLN WisdomTree U.S. LargeCap Dividend Fund 33.1 28 4 6.1 +1.1
AFLG First Trust Active Factor Large Cap ETF 33.1 55 -23 4.7 -0.4
KRMA Global X Conscious Companies ETF 33.0 43 -11 4.8 -0.2
CWI SPDR MSCI ACWI ex-US ETF 33.0 30 2 6.2 +1.1
VONV Vanguard Russell 1000 Value Index Fund 32.4 8 24 6.2 +1.1
IWD iShares Russell 1000 Value ETF 32.2 19 13 6.1 +1.0
HIPR Direxion High Growth ETF 32.0 40 -8 3.8 -1.3
VUG Vanguard Growth Index Fund 31.9 4 28 3.5 -1.6

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
iShares MSCI ACWI ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

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™


Calculation of ALTAR Score™
Avg. Return on Equity 13.1 %
Divided by: Fwd. P/BV 2.4 x
Less: Expense ratio 32 bp
Equals: ALTAR Score 5.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.45 CATEGORY
AVERAGE
1.48
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.