ACWV vs. SPDW ETF Comparison

Comparison of iShares MSCI All Country World Minimum Volatility Index Fund (ACWV) to SPDR Portfolio World ex-US ETF (SPDW)

ACWV

iShares MSCI All Country World Minimum Volatility Index Fund

ACWV Description

The investment seeks to track the investment results of an index composed of developed and emerging market equities that, in the aggregate, have lower volatility characteristics relative to the broader developed and emerging equity markets. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. It seeks to track the underlying index, which has been developed by MSCI Inc. ("MSCI") to measure the combined performance of equity securities in both emerging and developed markets that in aggregate have lower volatility. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$105.27

Average Daily Volume

150,542

Number of Holdings ^*

144

* may have additional holdings in another (foreign) market

SPDW

SPDR Portfolio World ex-US ETF

SPDW Description

The investment seeks investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Developed Ex-U.S.BMI Index. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in depositary receipts based on securities comprising the index. The index is a market capitalization weighted index designed to define and measure the investable universe of publicly traded companies domiciled in developed countries outside the United States. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$35.87

Average Daily Volume

2,939,734

Number of Holdings ^*

113

* may have additional holdings in another (foreign) market

Performance

Period	ACWV	SPDW
30 Days	1.02%	-0.07%
60 Days	2.42%	2.26%
90 Days	2.37%	2.75%
12 Months	11.27%	16.42%

5 Overlapping Holdings

Symbol	Grade	Weight in ACWV	Weight in SPDW	Overlap
ABBV	C	0.51%	0.39%	0.39%
CHKP	A	0.42%	0.09%	0.09%
MFG	A	0.21%	0.22%	0.21%
NVS	A	0.85%	0.88%	0.85%
WCN	B	0.4%	0.19%	0.19%

ACWV Overweight 139 Positions Relative to SPDW

Symbol	Grade	Weight
TMUS	B	1.64%
MSI	B	1.57%
WMT	A	1.56%
WM	B	1.51%
MRK	C	1.46%
MCK	B	1.45%
ROP	B	1.44%
CSCO	D	1.37%
VRTX	B	1.18%
RSG	A	1.16%
PEP	D	1.14%
JNJ	F	1.07%
COR	C	1.02%
MMC	B	0.9%
MCD	F	0.9%
REGN	B	0.87%
MSFT	A	0.87%
PG	C	0.85%
ED	D	0.84%
BRK.A	C	0.84%
CB	C	0.83%
VZ	B	0.81%
DUK	C	0.77%
KR	C	0.76%
SO	B	0.76%
AZO	C	0.75%
PGR	B	0.74%
UNH	D	0.74%
NOC	D	0.71%
IBM	B	0.66%
GIS	D	0.64%
LLY	A	0.64%
ACGL	C	0.61%
WEC	D	0.59%
ELV	C	0.59%
EA	B	0.57%
ORLY	C	0.56%
V	C	0.55%
APH	B	0.54%
GDDY	A	0.53%
HSY	F	0.49%
CHD	C	0.48%
ORCL	A	0.45%
GIB	D	0.45%
HUM	C	0.44%
MKL	D	0.43%
K	D	0.42%
CHT	D	0.4%
KEYS	D	0.39%
L	D	0.39%
CL	B	0.39%
BAH	C	0.39%
GILD	C	0.38%
WRB	C	0.38%
AMGN	B	0.38%
NBIX	C	0.37%
KDP	D	0.37%
VRSN	C	0.36%
TJX	A	0.36%
FI	C	0.36%
UTHR	B	0.35%
KHC	D	0.35%
KMB	B	0.34%
JNPR	B	0.32%
INCY	D	0.31%
AJG	A	0.31%
AON	C	0.3%
TSN	D	0.3%
SJM	D	0.29%
AKAM	F	0.29%
FFIV	C	0.28%
TRV	D	0.27%
CI	D	0.26%
BRO	B	0.26%
MDLZ	D	0.26%
GEN	B	0.26%
HRL	F	0.25%
BMRN	C	0.25%
ERIE	C	0.25%
BDX	F	0.24%
CPB	B	0.24%
YUM	D	0.24%
DPZ	D	0.23%
ACN	D	0.23%
T	B	0.23%
CME	D	0.22%
CF	F	0.22%
ROL	A	0.22%
PTC	B	0.22%
LMT	C	0.21%
JKHY	C	0.2%
FCNCA	C	0.2%
FWONK	B	0.2%
CTSH	C	0.19%
GD	D	0.19%
ULTA	D	0.18%
BMY	F	0.18%
MA	C	0.17%
MPC	D	0.17%
CAH	D	0.16%
CMS	D	0.15%
LNG	B	0.14%
DGX	C	0.14%
WIT	A	0.12%
MNST	D	0.12%
MOH	F	0.12%
EG	D	0.11%
CTVA	D	0.11%
ABT	D	0.1%
XOM	D	0.1%
NEM	A	0.1%
AIZ	D	0.1%
FICO	A	0.09%
WTW	B	0.09%
PCG	D	0.09%
WIT	A	0.09%
AEE	D	0.09%
AZPN	D	0.09%
WDAY	D	0.09%
XEL	D	0.09%
TDY	D	0.09%
FANG	B	0.08%
DINO	D	0.08%
IT	B	0.07%
AEP	C	0.07%
LEGN	C	0.07%
BVN	C	0.07%
TRGP	A	0.06%
ANET	A	0.06%
HSIC	D	0.06%
TPL	B	0.06%
HOLX	C	0.05%
CAG	D	0.05%
ZTO	F	0.05%
CHRW	C	0.05%
GPC	D	0.05%
ACI	F	0.05%
KO	A	0.05%
KNX	C	0.05%

ACWV Underweight 108 Positions Relative to SPDW

Symbol	Grade	Weight
TM	D	-1.02%
UL	B	-0.59%
MUFG	A	-0.58%
SONY	C	-0.47%
TD	F	-0.43%
SMFG	A	-0.38%
SHOP	C	-0.35%
CNI	D	-0.33%
DEO	F	-0.29%
HMC	D	-0.24%
LYG	A	-0.21%
STLA	F	-0.18%
SPOT	B	-0.18%
BCS	A	-0.17%
E	C	-0.16%
KB	A	-0.12%
ICLR	B	-0.11%
SE	B	-0.11%
PKX	D	-0.1%
CPNG	C	-0.09%
TEVA	C	-0.08%
SHG	A	-0.08%
NMR	C	-0.08%
LOGI	C	-0.07%
CYBR	B	-0.07%
ARM	A	-0.07%
CCEP	B	-0.07%
FLEX	D	-0.06%
MT	D	-0.05%
XRX	F	-0.05%
MNDY	A	-0.04%
GRAB	C	-0.04%
GSL	C	-0.04%
QGEN	D	-0.04%
ONON	C	-0.04%
BNTX	F	-0.03%
OTEX	C	-0.03%
GLOB	C	-0.03%
AER	B	-0.03%
AGCO	F	-0.03%
WIX	C	-0.03%
WFG	D	-0.02%
XENE	F	-0.02%
AEI	C	-0.02%
ASND	B	-0.02%
FUTU	C	-0.02%
KEP	D	-0.02%
GLNG	A	-0.02%
FLUT	C	-0.02%
MRUS	C	-0.02%
LSPD	F	-0.01%
TIGO	B	-0.01%
MLCO	F	-0.01%
CSTM	D	-0.01%
NAT	D	-0.01%
JMIA	B	-0.01%
GRFS	D	-0.01%
GLBE	B	-0.01%
TAC	F	-0.01%
IMCR	D	-0.01%
AY	B	-0.01%
DAVA	C	-0.01%
URGN	C	-0.01%
LPL	B	-0.01%
NOMD	D	-0.01%
IGT	F	-0.01%
KRNT	D	-0.01%
LPL	B	-0.01%
IAG	C	-0.01%
ZIM	B	-0.01%
MNMD	D	-0.0%
MAXN	F	-0.0%
MTLS	F	-0.0%
HL	C	-0.0%
RENB	C	-0.0%
ORMP	B	-0.0%
CVAC	F	-0.0%
GRVY	C	-0.0%
FREY	F	-0.0%
CALX	C	-0.0%
AMRN	D	-0.0%
LILM	D	-0.0%
EU	C	-0.0%
ADAP	C	-0.0%
MNTX	F	-0.0%
TMC	C	-0.0%
DNN	C	-0.0%
NNOX	F	-0.0%
NNDM	D	-0.0%
NBTX	D	-0.0%
CHGX	A	-0.0%
ABCL	F	-0.0%
SNDL	C	-0.0%
INVZ	F	-0.0%
GSM	C	-0.0%
AUPH	C	-0.0%
ELBM	F	-0.0%
PIXY	F	-0.0%
RDWR	C	-0.0%
SSYS	F	-0.0%
TLRY	D	-0.0%
SPNS	A	-0.0%
INMD	F	-0.0%
FVRR	C	-0.0%
IMTX	C	-0.0%
HCM	C	-0.0%
PDS	D	-0.0%
CSIQ	F	-0.0%