iShares MSCI ACWI ETF
ALTAR
Score™
6.2% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
21.1x P/Sales
ratio
1.7x
P/BV
ratio
2.1x Div.
yield
2.4%


  • 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 28, 2008
Assets (mns) $11,205
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 2287
Wgt avg mkt cap (mns) $226,052
Large cap (>$10bn) 89.7%
Mid cap ($2-10bn) 9.8%
Small cap (<$2bn) 0.3%
Developed mkts 90.3%
Emerging mkts 9.4%

TOP TEN HOLDINGS
APPLE INC 3.1 %
MICROSOFT CORP 2.9 %
AMAZON.COM INC 2.2 %
FACEBOOK 1.2 %
ALPHABET INC. CLASS C 1.0 %
ALPHABET INC. CLASS A 0.9 %
ISHARES MSCI INDIA ETF 0.9 %
JOHNSON & JOHNSON 0.8 %
ALIBABA GROUP HOLDING LTD. SPONSOR 0.8 %
VISA INC-CLASS A SHARES 0.7 %
Total 14.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 55.7 %
JAPAN 7.2 %
BRITAIN 4.5 %
CHINA 3.8 %
SWITZERLAND 3.1 %
CANADA 2.8 %
FRANCE 2.7 %
GERMANY 2.4 %
AUSTRALIA 1.7 %
TAIWAN 1.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-8.9% 5.6% 5.5% 8.6% 5.2%

Market Correlations
versus... Beta R-squared
S&P500 0.93 96%
MSCI EAFE 0.99 94%
MSCI Emg. Mkts. 0.75 82%

Technical Indicators
Recent close $73.14
30d moving avg. $68.73
Annualized volatility 16.0%
Short interest (ETF) 7.0%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 5,410
Turnover 3.5%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $388,147

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 6.2%


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
(%)
URTH iShares MSCI World ETF 83.6 24 8 5.9 -0.3
VT Vanguard Total World Stock Index Fund 83.3 8 24 6.4 +0.2
TOK iShares MSCI Kokusai ETF 79.8 25 7 5.8 -0.4
LOWC SPDR MSCI ACWI Low Carbon Target ETF 79.8 20 12 6.5 +0.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 77.9 20 12 6.5 +0.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 60.9 9 23 6.3 +0.2
QWLD SPDR MSCI World StrategicFactors ETF 59.2 30 2 6.2 -0.0
PBUS Invesco PureBeta MSCI USA ETF 57.7 4 28 5.4 -0.8
SCHB Schwab U.S. Broad Market ETF 57.6 3 29 5.4 -0.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 57.6 3 29 5.3 -0.9
VTI Vanguard Total Stock Market Index Fund 57.6 3 29 5.3 -0.9
SCHK Schwab 1000 Index ETF 57.6 5 27 5.4 -0.7
IYY iShares Dow Jones U.S. ETF 57.6 20 12 5.3 -0.9
SCHX Schwab U.S. Large-Cap ETF 57.5 3 29 5.5 -0.7
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 57.5 25 7 6.3 +0.1
VONE Vanguard Russell 1000 ETF 57.3 8 24 5.4 -0.7
IWB iShares Russell 1000 ETF 57.3 15 17 5.3 -0.8
VTHR Vanguard Russell 3000 Index Fund 57.3 10 22 5.3 -0.9
IWV iShares Russell 3000 ETF 57.3 20 12 5.2 -1.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 56.7 2 30 5.5 -0.7
VV Vanguard Large-Cap Index Fund 56.6 4 28 5.4 -0.8
JHML John Hancock Multifactor Large Cap ETF 56.3 34 -2 5.6 -0.5
SPTM SPDR Portfolio Total Stock Market ETF 55.2 3 29 5.7 -0.5
SFY SoFi Select 500 ETF 55.0 0 32 5.4 -0.8
SPLG SPDR Portfolio Large Cap ETF 54.7 3 29 5.6 -0.6
IVV iShares Core S&P 500 ETF 54.7 4 28 5.6 -0.6
SPY SPDR S&P 500 ETF Trust 54.7 9 23 5.5 -0.7
PBP Invesco S&P 500 BuyWrite ETF 54.7 49 -17 5.1 -1.1
HSPX Global X S&P 500 Covered Call ETF 54.5 65 -33 5.0 -1.2
VOO VANGUARD S&P 500 ETF 54.5 3 29 5.6 -0.6
ESGG FlexShares STOXX Global ESG Impact Index Fund 54.3 42 -10 5.7 -0.5
SPXE ProShares S&P 500 Ex-Energy ETF 53.0 27 5 5.5 -0.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 52.9 20 12 5.6 -0.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 51.5 9 23 5.6 -0.5
AVUS Avantis U.S. Equity ETF 51.0 15 17 5.9 -0.3
EPS WisdomTree U.S. Earnings 500 Fund 48.9 8 24 6.6 +0.4
ESGV Vanguard ESG U.S. Stock ETF 48.7 12 20 5.4 -0.8
MGC Vanguard Mega Cap Index Fund 48.2 7 25 5.4 -0.8
MMTM SPDR S&P 1500 Momentum Tilt ETF 47.6 12 20 5.1 -1.1
PRF Invesco FTSE RAFI US 1000 ETF 47.6 39 -7 6.9 +0.7
SPXN ProShares S&P 500 Ex-Financials ETF 47.6 27 5 5.2 -1.0
QUS SPDR MSCI USA StrategicFactors ETF 47.3 15 17 5.9 -0.3
FNDB Schwab Fundamental U.S. Broad Market Index ETF 46.9 25 7 6.6 +0.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 46.8 25 7 6.7 +0.5
SPXV ProShares S&P 500 Ex-Health Care ETF 46.3 27 5 5.2 -0.9
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 46.2 20 12 5.1 -1.1
CATH Global X S&P 500 Catholic Values Custom ETF 46.2 29 3 5.4 -0.8
ESGU iShares MSCI USA ESG Optimized ETF 45.5 15 17 5.2 -1.0
RWL Invesco S&P 500 Revenue ETF 45.2 39 -7 6.9 +0.7
IWL iShares Russell Top 200 ETF 45.1 15 17 5.2 -1.0
VLU SPDR S&P 1500 Value Tilt ETF 44.1 12 20 7.5 +1.3
IUS Invesco Strategic US ETF 44.0 19 13 6.3 +0.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 43.3 30 2 6.8 +0.6
SNPE Xtrackers S&P 500 ESG ETF 41.9 11 21 5.3 -0.9
DIVB iShares U.S. Dividend & Buyback ETF 41.1 25 7 6.6 +0.4
ACWX iShares MSCI ACWI ex U.S. ETF 40.8 32 0 7.7 +1.6
IUSG iShares Core S&P US Growth ETF 40.5 4 28 4.5 -1.6
SPXT ProShares S&P 500 Ex-Technology ETF 40.3 27 5 5.7 -0.5
IQSU IQ Candriam ESG US Equity ETF 40.2 9 23 5.3 -0.9
SPYG SPDR Portfolio S&P 500 Growth ETF 40.1 4 28 4.5 -1.7
IVW iShares S&P 500 Growth ETF 40.1 18 14 4.4 -1.8
VOOG Vanguard S&P 500 Growth ETF 39.9 10 22 4.5 -1.7
IXUS ishares Core MSCI Total International Stock ETF 39.9 9 23 7.8 +1.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 39.5 40 -8 7.6 +1.4
VXUS Vanguard Total International Stock Index Fund 39.0 8 24 7.9 +1.8
DTD WisdomTree U.S.Total Dividend Fund 38.6 28 4 6.7 +0.5
VEU Vanguard FTSE All-World ex-US Index Fund 38.3 8 24 8.0 +1.8
VONG Vanguard Russell 1000 Growth Index Fund 38.2 8 24 4.5 -1.7
IWF iShares Russell 1000 Growth ETF 38.2 19 13 4.4 -1.8
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 37.8 29 3 4.4 -1.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 37.7 29 3 6.2 +0.1
DLN WisdomTree U.S. LargeCap Dividend Fund 37.2 28 4 6.5 +0.3
ESG FlexShares STOXX US ESG Impact Index Fund 36.3 32 0 5.3 -0.9
EUSA iShares MSCI USA Equal Weighted ETF 36.1 15 17 6.2 -0.0
OEF iShares S&P 100 ETF 36.1 20 12 5.0 -1.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 35.6 9 23 6.0 -0.2
SIZE iShares Edge MSCI USA Size Factor ETF 35.3 15 17 6.0 -0.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 34.8 60 -28 4.6 -1.6
EXT WisdomTree U.S. Total Earnings Fund 34.7 28 4 5.9 -0.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 34.4 15 17 6.4 +0.3
RSP Invesco S&P 500 Equal Weight ETF 34.2 20 12 6.9 +0.8
AFLG First Trust Active Factor Large Cap ETF 33.8 55 -23 5.6 -0.5
DGRO iShares Core Dividend Growth ETF 33.8 8 24 6.6 +0.4
IUSV iShares Core S&P U.S. Value ETF 33.0 4 28 7.5 +1.3
KRMA Global X Conscious Companies ETF 33.0 43 -11 5.4 -0.8
VOOV Vanguard S&P 500 Value ETF 32.7 15 17 7.3 +1.1
SPYV SPDR Portfolio S&P 500 Value ETF 32.7 4 28 7.4 +1.2
IVE iShares S&P 500 Value ETF 32.7 18 14 7.3 +1.1
RNLC Large Cap US Equity Select ETF 32.6 60 -28 6.3 +0.1
DGT SPDR Global Dow ETF 32.4 50 -18 7.0 +0.8
SCHG Schwab U.S. Large-Cap Growth ETF 32.2 4 28 4.3 -1.9
VUG Vanguard Growth Index Fund 32.2 4 28 4.2 -1.9
IWY iShares Russell Top 200 Growth ETF 31.7 20 12 4.4 -1.8
RECS Columbia Research Enhanced Core ETF 31.7 15 17 5.7 -0.4
NACP Impact Shares NAACP Minority Empowerment ETF 31.2 75 -43 4.6 -1.5
VEA Vanguard FTSE Developed Markets ETF 31.0 5 27 7.6 +1.5
VGFO Virtus WMC Global Factor Opportunities ETF 30.7 49 -17 6.2 +0.0
SCHF Schwab International Equity ETF 30.6 6 26 7.6 +1.4
CWI SPDR MSCI ACWI ex-US ETF 30.6 30 2 7.9 +1.7
ROUS Hartford Multifactor US Equity ETF 30.6 19 13 7.3 +1.1

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 12.9 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 32 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 CATEGORY
AVERAGE
1.51
 
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.