ACWV vs. EFAV
Compare and contrast key facts about iShares MSCI Global Min Vol Factor ETF (ACWV) and iShares Edge MSCI Min Vol EAFE ETF (EFAV).
ACWV and EFAV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ACWV is a passively managed fund by iShares that tracks the performance of the MSCI AC World Minimum Volatility (USD). It was launched on Oct 18, 2011. EFAV is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Minimum Volatility Index. It was launched on Oct 18, 2011. Both ACWV and EFAV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ACWV or EFAV.
Key characteristics
| ACWV | EFAV | |
|---|---|---|
| YTD Return | 2.55% | 0.98% |
| 1Y Return | 6.48% | 2.82% |
| 3Y Return (Ann) | 2.52% | 0.52% |
| 5Y Return (Ann) | 4.96% | 2.13% |
| 10Y Return (Ann) | 7.03% | 3.81% |
| Sharpe Ratio | 0.83 | 0.34 |
| Daily Std Dev | 7.67% | 9.70% |
| Max Drawdown | -28.82% | -27.56% |
| Current Drawdown | -2.31% | -6.11% |
Correlation
The correlation between ACWV and EFAV is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ACWV vs. EFAV - Performance Comparison
In the year-to-date period, ACWV achieves a 2.55% return, which is significantly higher than EFAV's 0.98% return. Over the past 10 years, ACWV has outperformed EFAV with an annualized return of 7.03%, while EFAV has yielded a comparatively lower 3.81% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ACWV vs. EFAV - Expense Ratio Comparison
Both ACWV and EFAV have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
ACWV vs. EFAV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Min Vol Factor ETF (ACWV) and iShares Edge MSCI Min Vol EAFE ETF (EFAV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
ACWV vs. EFAV - Dividend Comparison
ACWV's dividend yield for the trailing twelve months is around 2.35%, less than EFAV's 3.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACWV iShares MSCI Global Min Vol Factor ETF | 2.35% | 2.41% | 2.18% | 1.92% | 1.77% | 2.54% | 2.32% | 2.04% | 2.56% | 2.28% | 2.22% | 2.47% |
EFAV iShares Edge MSCI Min Vol EAFE ETF | 3.05% | 3.08% | 2.53% | 2.47% | 1.33% | 4.19% | 3.34% | 2.45% | 3.94% | 2.49% | 3.57% | 2.53% |
Drawdowns
ACWV vs. EFAV - Drawdown Comparison
The maximum ACWV drawdown since its inception was -28.82%, roughly equal to the maximum EFAV drawdown of -27.56%. Use the drawdown chart below to compare losses from any high point for ACWV and EFAV. For additional features, visit the drawdowns tool.
Volatility
ACWV vs. EFAV - Volatility Comparison
The current volatility for iShares MSCI Global Min Vol Factor ETF (ACWV) is 2.40%, while iShares Edge MSCI Min Vol EAFE ETF (EFAV) has a volatility of 3.20%. This indicates that ACWV experiences smaller price fluctuations and is considered to be less risky than EFAV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.