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ACWV vs GMOI

iShares MSCI Global Min Vol Factor ETF

ACWVBCboe

GMO International Value ETF

GMOICNYSE Arca

Overlap

Expense ratio

ACWV −0.40pt a year

ACWV0.20%GMOI0.60%

Avg volume · 30D

GMOI 1.1×the volume

ACWV93.5KGMOI98.4K

ACWV vs GMOI Performance

Oct 31, 2025 – Oct 30, 2026

+11.7%ACWV+30.6%GMOI

Oct 31, 2025 to Oct 30, 2026. ACWV +11.7%. GMOI +30.6%. Use the arrow keys to read each point.0%20%Oct 2025Apr 2026Oct 2026
Expense ratio
ACWV 0.20%, better
GMOI 0.60%
Fund size
ACWV $3.44B
GMOI $694M
1Y total return
ACWV +11.7%
GMOI +30.6%, better
Yield (12M)
ACWV 1.83%, better
GMOI 1.24%
Holdings
ACWV 407
GMOI 173
Avg volume (30D)
ACWV 93.5K sh
GMOI 98.4K sh, better
NAV per share
ACWV $129.38
GMOI $40.25
52W range

ETF.net Grade

ACWV: Cost 89, Risk 77, Mission 25, Tradability 83, Holdings 76, Durability 76. GMOI: Cost 7, Risk 81, Mission 75, Tradability 54, Holdings 100, Durability 30.
Pillar letters and Scores for ACWV, GMOI, with each pillar’s weight
PillarACWVGMOI
Cost30% weightA89HigherF7
Mission25% weightD25A75Higher
Risk15% weightA77A81Higher
Tradability15% weightA83HigherC54
Holdings10% weightA76A100Higher
Durability5% weightA76HigherD30

Rank among International Factor Index funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. ACWV and GMOI are both graded against the same 15 International Factor Index funds, so their Grades compare head to head.

International Factor Index⁠

Category · 15 funds
See all 15 ›

ACWV ranks 2nd and GMOI 9th of 15 funds in the International Factor Index Category.

  1. Rank 1AEFAViShares MSCI EAFE Min Vol Factor ETFScore 75
  2. Rank 2BACWViShares MSCI Global Min Vol Factor ETFScore 68
  3. Rank 3BIDLVInvesco S&P International Developed Low Volatility ETFScore 66
  4. Rank 7BVDGVanguard Developed Markets ex US Growth Index ETFScore 58
  5. Rank 9CGMOIGMO International Value ETFScore 52
  6. Rank 9CIQDGWisdomTree International Quality Dividend Growth FundScore 52

Our read on each fund

ETF.net Research

ACWVBiShares MSCI Global Min Vol Factor ETF

GMOICGMO International Value ETF

In short

ACWV Global min vol in one ticker: an optimizer sifts the MSCI ACWI universe, developed and emerging, for the lowest-risk mix of roughly 400 stocks. Same playbook since 2011, at 0.20% a year.

GMOI GMO made its name running valuation-driven money for institutions. GMOI is that machinery in an ETF wrapper: an active portfolio of the international stocks GMO's own models read as deepest value, not the ones an index labels that way.

Stated mandate

ACWV The fund seeks to track an index of developed and emerging market equities that collectively exhibit lower volatility than the broader developed and emerging equity markets.

GMOI The Fund seeks total return.

Why people hold it

  • ACWV 0.20% a year for a globally optimized factor build, well under the 0.41% median for international factor ETFs.
  • Not a simple low-vol screen. The index optimizes the MSCI ACWI for the lowest absolute risk within a set of constraints, so how stocks move together shapes the weights.msci.com
  • One ticker for the whole map. The developed-only sibling EFAV charges the same 0.20%; ACWV folds emerging markets into the same wrapper.
  • Running since 2011 with billions in assets, it sits among the stronger implementations in its international factor peer group.
  • GMOI Actively managed, not index-following. GMO's Systematic Equity team selects the international names its proprietary valuation models identify as most undervalued.gmo.comsec.gov
  • The valuation work covers tangible and intangible assets, so cheapness comes from GMO's own return forecasts rather than reported book value alone.sec.gov
  • The mandate reaches both developed and emerging markets, a wider net than the developed-only factor funds it sits beside, such as IDMO and QLVD.
  • Pays quarterly, and the stated goal is total return, so income arrives as a byproduct of the holdings rather than something the strategy chases.

Worth knowing

  • ACWV Minimum volatility is the aim, not a floor. iShares states the fund may experience more than minimum volatility, with no guarantee the index strategy lowers it.ishares.com
  • Emerging markets ride along inside this defensive build, bringing the political and economic swings iShares flags as heightened in those markets.ishares.com
  • By design it leans away from the cap-weighted world index, so its country and sector mix can look quite different and its path can diverge in either direction.msci.com
  • GMOI 0.60% a year runs above the typical international factor ETF and well above index peers like QLVD (0.15%) and EFAV (0.20%). Active stock picking is what the extra buys.
  • Deep value is a narrow slice by design. The portfolio can look nothing like a broad international index and travel a very different path from one.gmo.com
  • The ETF launched in October 2024. GMO has run value strategies far longer, but this fund's own record is still short.

Full ACWV profile⁠

Full GMOI profile⁠

ACWV vs GMOI Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ACWV vs GMOI Cost

Overpaying GMOI vs ACWV

$7,662

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ACWV 0.20%

    $4,155

  • GMOI 0.60%

    $11,817

$10,000
30 years

Cost over time

  • ACWV 0.20%
  • GMOI 0.60%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530GMOI $11,817ACWV $4,155

Year by year

YearACWVGMOIOverpaying
10$365$1,076$711
20$1,421$4,116$2,695
30$4,155$11,817$7,662

Expense ratio

  • 0.20%ACWV, cheaper
  • 0.60%GMOI
  • Middle half of International Factor Index funds
  • Median 0.34%

ACWV 2nd cheapest of 15 funds

GMOI 14th cheapest of 15 funds

ACWV vs GMOI Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
ACWV 1.83%, better
GMOI 1.24%
Payout (12M)
ACWV $2.36
GMOI $0.50
Last payment
ACWV $1.07
GMOI $0.15
Ex-dividend
ACWV Jun 15, 2026
GMOI Jun 30, 2026
Paid on
ACWV Jun 18, 2026
GMOI Jul 1, 2026
Frequency
ACWV Twice a year
GMOI Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

ACWVTwice a year · 19 paymentsAll ACWV payments⁠
One bar per payment. 19 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.85; Dec 19, 2017 $0.87; Jun 19, 2018 $0.90; Dec 18, 2018 $0.99; Jun 17, 2019 $1.02; Dec 16, 2019 $1.41; Jun 15, 2020 $0.92; Dec 14, 2020 $0.79; Jun 10, 2021 $0.95; Dec 13, 2021 $1.13; Jun 9, 2022 $0.87; Dec 13, 2022 $1.20; Jun 7, 2023 $0.87; Dec 20, 2023 $1.55; Jun 11, 2024 $0.91; Dec 17, 2024 $1.63; Jun 16, 2025 $1.18; Dec 16, 2025 $1.30; Jun 15, 2026 $1.07. Use the arrow keys to read each point.$0$12017202020232026YTD
GMOITwice a year · 4 paymentsAll GMOI payments⁠
One bar per payment. 4 payments from 2017 to 2026 YTD. Dec 30, 2024 $0.13; Sep 30, 2025 $0.57; Dec 30, 2025 $0.35; Jun 30, 2026 $0.15. Use the arrow keys to read each point.$0$12017202020232026YTD

ACWV vs GMOI Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ACWV 8.7%GMOI 11.3%since Nov 2024
Return per unit of riskSharpe ratio, 3 years
ACWV 1.03GMOI 2.06since Nov 2024
Worst fallMax drawdown, 5 years
ACWV −18.1%GMOI −14.7%since Oct 2024
Market sensitivityBeta, 5 years
ACWV 0.53GMOI 0.18

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