ACWV vs. IQLT

Last updated Jun 16, 2026

ACWV (iShares MSCI Global Min Vol Factor ETF) and IQLT (iShares MSCI Intl Quality Factor ETF) are both exchange-traded funds - ACWV is a Large Cap Blend Equities fund tracking the MSCI ACWI Minimum Volatility Index, while IQLT is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Sector Neutral Quality Index (Net). Both are passively managed. Over the past 10 years, ACWV returned 7.52%/yr vs 10.04%/yr for IQLT. A 0.72 correlation means they provide meaningful diversification when combined. ACWV charges 0.20%/yr vs 0.30%/yr for IQLT.

Performance

ACWV vs. IQLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Global Min Vol Factor ETF (ACWV) and iShares MSCI Intl Quality Factor ETF (IQLT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ACWV achieves a 3.19% return, which is significantly lower than IQLT's 10.27% return. Over the past 10 years, ACWV has underperformed IQLT with an annualized return of 7.52%, while IQLT has yielded a comparatively higher 10.04% annualized return.

ACWV

• 1D: 0.30%
• 1M: 1.58%
• YTD: 3.19%
• 6M: 2.83%
• 1Y: 5.88%
• 3Y*: 9.79%
• 5Y*: 5.72%
• 10Y*: 7.52%

IQLT

• 1D: 0.42%
• 1M: 3.66%
• YTD: 10.27%
• 6M: 10.93%
• 1Y: 18.79%
• 3Y*: 13.94%
• 5Y*: 7.47%
• 10Y*: 10.04%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ACWV vs. IQLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ACWV iShares MSCI Global Min Vol Factor ETF	3.19%	11.04%	11.38%	8.23%	-10.36%	13.97%	3.04%	21.04%	-1.42%	18.57%
IQLT iShares MSCI Intl Quality Factor ETF	10.27%	25.42%	1.54%	18.73%	-15.22%	12.94%	12.48%	28.18%	-10.76%	24.04%

Correlation

The correlation between ACWV and IQLT is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (10Y) Calculated over the trailing 10-year period	0.76
Correlation (All Time) Calculated using the full available price history since Jan 15, 2015	0.72

The correlation between ACWV and IQLT shifts across timeframes, from 0.66 (1 year) to 0.76 (10 years), reflecting how their relationship changes across market environments.

ACWV vs. IQLT - Sectors Allocation Comparison

Sectors	ACWV	IQLT
Technology	25.8%	11.8%
Financial Services	13.2%	24.9%
Healthcare	13.0%	9.2%
Communication Services	11.9%	3.2%
Consumer Defensive	9.8%	6.4%
Industrials	8.1%	17.8%
Utilities	7.3%	3.7%
Consumer Cyclical	5.1%	8.2%
Energy	3.7%	5.6%
Basic Materials	1.5%	7.2%
Real Estate	0.6%	1.5%

Return for Risk

ACWV vs. IQLT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ACWV

ACWV Risk / Return Rank: 22
ACWV Sharpe Ratio Rank: 24
ACWV Sortino Ratio Rank: 22
ACWV Omega Ratio Rank: 22
ACWV Calmar Ratio Rank: 21
ACWV Martin Ratio Rank: 23

IQLT

IQLT Risk / Return Rank: 40
IQLT Sharpe Ratio Rank: 39
IQLT Sortino Ratio Rank: 39
IQLT Omega Ratio Rank: 36
IQLT Calmar Ratio Rank: 40
IQLT Martin Ratio Rank: 46

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ACWV vs. IQLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Min Vol Factor ETF (ACWV) and iShares MSCI Intl Quality Factor ETF (IQLT). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ACWV	IQLT	Difference
Sharpe ratio: Return per unit of total volatility	0.76	1.26	-0.50
Sortino ratio: Return per unit of downside risk	1.11	1.85	-0.75
Omega ratio: Gain probability vs. loss probability	1.13	1.22	-0.09
Calmar ratio: Return relative to maximum drawdown	0.93	1.82	-0.89
Martin ratio: Return relative to average drawdown	2.81	6.90	-4.09

ACWV vs. IQLT - Sharpe Ratio Comparison

The current ACWV Sharpe Ratio is 0.76, which is lower than the IQLT Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of ACWV and IQLT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ACWV vs. IQLT - Drawdown Comparison

The maximum ACWV drawdown since its inception was -28.82%, smaller than the maximum IQLT drawdown of -32.21%. Use the drawdown chart below to compare losses from any high point for ACWV and IQLT.

Drawdown Indicators

	ACWV	IQLT	Difference
Max Drawdown Largest peak-to-trough decline	-28.82%	-32.21%	+3.39%
Max Drawdown (1Y) Largest decline over 1 year	-6.37%	-10.38%	+4.01%
Max Drawdown (3Y) Largest decline over 3 years	-7.56%	-13.18%	+5.62%
Max Drawdown (5Y) Largest decline over 5 years	-18.14%	-30.24%	+12.10%
Max Drawdown (10Y) Largest decline over 10 years	-28.82%	-32.21%	+3.39%
Current Drawdown Current decline from peak	-2.12%	0.00%	-2.12%
Average Drawdown Average peak-to-trough decline	-3.11%	-6.21%	+3.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	2.73%	-0.64%

Volatility

ACWV vs. IQLT - Volatility Comparison

The current volatility for iShares MSCI Global Min Vol Factor ETF (ACWV) is 2.14%, while iShares MSCI Intl Quality Factor ETF (IQLT) has a volatility of 5.39%. This indicates that ACWV experiences smaller price fluctuations and is considered to be less risky than IQLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACWV	IQLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.14%	5.39%	-3.25%
Volatility (6M) Calculated over the trailing 6-month period	5.61%	12.71%	-7.10%
Volatility (1Y) Calculated over the trailing 1-year period	7.76%	14.96%	-7.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.24%	16.56%	-6.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.31%	16.98%	-4.67%

ACWV vs. IQLT - Expense Ratio Comparison

ACWV has a 0.20% expense ratio, which is lower than IQLT's 0.30% expense ratio.

Dividends

ACWV vs. IQLT - Dividend Comparison

ACWV's dividend yield for the trailing twelve months is around 2.92%, less than IQLT's 3.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACWV iShares MSCI Global Min Vol Factor ETF	2.92%	2.09%	2.33%	2.41%	2.18%	1.92%	1.77%	2.54%	2.32%	2.04%	2.56%	2.28%
IQLT iShares MSCI Intl Quality Factor ETF	3.65%	2.33%	2.87%	2.27%	3.14%	2.24%	1.61%	2.28%	2.72%	2.36%	2.91%	2.78%

Frequently Asked Questions

Can I hold both ACWV and IQLT in my portfolio?

ACWV and IQLT have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ACWV or IQLT?

IQLT has higher volatility (5.39%) compared to ACWV (2.14%). In terms of maximum drawdown, ACWV dropped -28.82% vs IQLT's -32.21%.

Which ETF is better, ACWV or IQLT?

On 10-year performance, IQLT leads with 10.04% vs 7.52% for ACWV. On fees, ACWV is cheaper at 0.20% per year. On volatility, ACWV has been the lower-risk option at 2.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ACWV or IQLT?

Over the 10-year period, IQLT has performed better with a 10.04% return vs 7.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ACWV or IQLT?

ACWV is cheaper with a 0.20% expense ratio, compared with 0.30% for IQLT.

Which ETF pays a higher dividend yield, ACWV or IQLT?

IQLT has the higher dividend yield at 3.65%, compared with 2.92% for ACWV.

What is the main difference between ACWV and IQLT?

ACWV is categorized as Large Cap Blend Equities, while IQLT is Foreign Large Cap Equities. ACWV tracks MSCI ACWI Minimum Volatility Index, while IQLT tracks MSCI World ex USA Sector Neutral Quality Index (Net). Their fees differ too: 0.20% for ACWV and 0.30% for IQLT.

Which has better risk-adjusted returns?

IQLT currently has the higher Sharpe Ratio (1.26 vs 0.76), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.