ACWV vs IQDG: Grades, Fees and Holdings Compared

iShares MSCI Global Min Vol Factor ETF

ACWVBCboe

WisdomTree International Quality Dividend Growth Fund

IQDGCCboe

Overlap

4.9%by weight

Expense ratio

ACWV −0.22pt a year

ACWV0.20%IQDG0.42%

Avg volume · 30D

ACWV 2.7×the volume

ACWV93.5KIQDG34.9K

10Y return · a year

IQDG +0.1pt

ACWV+8.1%IQDG+8.2%

ACWV vs IQDG Performance

Oct 29, 2021 – Oct 30, 2026

+36.6%ACWV+21.5%IQDG

Expense ratio: ACWV 0.20%, better; IQDG 0.42%
Fund size: ACWV $3.44B; IQDG $683M
1Y total return: ACWV +11.7%, better; IQDG +8.4%
Yield (12M): ACWV 1.83%; IQDG 2.40%, better
Holdings: ACWV 407; IQDG 290
Avg volume (30D): ACWV 93.5K sh, better; IQDG 34.9K sh
NAV per share: ACWV $129.38; IQDG $42.16
52W range

ETF.net Grade

Pillar letters and Scores for ACWV, IQDG, with each pillar’s weight
Pillar	ACWV	IQDG
Cost30% weight	A89Higher	D36
Mission25% weight	D25	A99Higher
Risk15% weight	A77Higher	D28
Tradability15% weight	A83Higher	D36
Holdings10% weight	A76Higher	C44
Durability5% weight	A76Higher	B60

Rank among International Factor Index funds

How we build Categories ›

Same Category. ACWV and IQDG 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 IQDG 9th of 15 funds in the International Factor Index Category.

Rank 1AEFAViShares MSCI EAFE Min Vol Factor ETFScore 75
Rank 2BACWViShares MSCI Global Min Vol Factor ETFScore 68
Rank 3BIDLVInvesco S&P International Developed Low Volatility ETFScore 66
Rank 9CGMOIGMO International Value ETFScore 52
Rank 9CIQDGWisdomTree International Quality Dividend Growth FundScore 52
Rank 11CFYLDCambria Foreign Shareholder Yield ETFScore 50

Our read on each fund

ETF.net Research

ACWVBiShares MSCI Global Min Vol Factor ETF

IQDGCWisdomTree International Quality Dividend Growth Fund

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.

IQDG WisdomTree's quality-dividend-growth idea, taken overseas in 2016: roughly 300 international dividend payers in one ticker, run by a fund that has hugged its benchmark about as tightly as this corner of the market gets.

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.

IQDG The Fund seeks to track, before fees and expenses, the price and yield performance of the WisdomTree International Quality Dividend Growth Index.

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.

IQDG Does the one job an index fund has: tracking has been among the tightest in its international-factor peer group.
About 300 holdings, so no single overseas name or market carries the fund.
Pays quarterly, which suits investors who want the international dividend stream to actually show up in cash.
At 0.42% a year, the fee sits right around the middle of its international-factor cohort rather than at the pricey end.

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

IQDG Cheaper shelf-mates exist in the same cohort: QLVD at 0.15% and EFAV and ACWV at 0.20% all undercut it.
This is a quality-and-growth screen, not a volatility screen. It rides market swings more fully than min-vol peers like EFAV or ACWV.
Volume is moderate rather than heavy, so spreads are worth a look before placing size.

Full ACWV profile⁠

Full IQDG profile⁠

ACWV vs IQDG Holdings

How ACWV and IQDG differ

Overlap by weight

4.9%

Shared holdings make up 16.8% of IQDG and 5.5% of ACWV.

Level by level

Holdings24 in both4.9%
Countryby domicile15.4%
Sector11 Sectors62.3%
Asset classEquity100%

Sector

Sector weights in ACWV and IQDG, widest gap first
Sector	More in ACWVMore in IQDG	ACWV	IQDG
Industrials	IQDG +17.1 points	7.0%	24.1%
Technology	ACWV +14.7 points	26.5%	11.8%
Consumer Discretionary	IQDG +13.6 points	4.8%	18.4%
Utilities	ACWV +6.7 points	7.4%	0.7%
Consumer Staples	ACWV +5.6 points	9.8%	4.2%
Communication	ACWV +5.0 points	10.4%	5.4%
Health Care	ACWV +4.9 points	13.7%	8.8%
Materials	IQDG +4.0 points	0.9%	4.9%
Financials	IQDG +3.0 points	14.5%	17.5%
Energy	ACWV +0.6 points	4.5%	3.9%
Real Estate	ACWV +0.4 points	0.7%	0.3%

Country, concentration and asset class

Country by domicile

Country weights in ACWV and IQDG, widest gap first
Country	More in ACWVMore in IQDG	ACWV	IQDG
United States	ACWV +66.1 points	66.6%	0.5%
United Kingdom	IQDG +12.5 points	0.0%	12.5%
Switzerland	IQDG +10.8 points	1.8%	12.6%
France	IQDG +10.6 points	0.0%	10.6%
Japan	IQDG +8.0 points	11.5%	19.5%
Germany	IQDG +7.6 points	0.0%	7.6%
Spain	IQDG +7.2 points	0.0%	7.2%
China	ACWV +6.8 points	6.8%	0.0%
Other countries (18)	IQDG +16.1 points	13.3%	29.4%

Outside the US: ACWV 51% developed, 49% emerging. IQDG 98% developed, 2% emerging.

Concentration

Weight in the 10 largest Holdings

ACWV12.1%
IQDG28.0%

Securities held

ACWV378
IQDG275

Asset class

ACWV: Equity
IQDG: Equity

Holdings

Only in ACWV354
In both24
Only in IQDG251

Only in ACWV

354 securities, 94.1% of ACWV by weight

Johnson & Johnson1.48%
Microsoft1.35%
Motorola Solutions Inc1.34%
Cisco Systems Inc1.33%
Duke Energy Corp1.18%
Taiwan Semiconductor Manufacturing1.17%
Berkshire Hathaway Inc Class B1.12%
Exxonmobil Holdings Corp1.06%
Southern1.04%
Cencora1.02%
Waste Management Inc1.01%
Chubb0.99%
Kddi0.97%
Takeda Pharmaceutical0.97%
NVIDIA0.94%
Mckesson Corp0.94%
Republic Services Inc0.90%
Procter & Gamble0.84%
Coca-Cola0.84%
Bank of China Ltd H0.81%
Consolidated Edison0.81%
Softbank0.81%
Mcdonalds Corp0.80%
Pepsico0.79%
Roper Technologies0.78%
Wec Energy Group0.71%
Kroger0.69%
AT&T0.69%
Verizon Communications Inc0.68%
Visa Class A0.67%
Tjx0.66%
Ntt0.62%
Bharti Airtel Ltd0.62%
Monster Beverage0.62%
Autodesk0.62%
Walmart0.61%
Oreilly Automotive Inc0.60%
Teledyne Technologies0.59%
T Mobile Us Inc0.59%
Cme Group Class A0.59%
Constellation Software0.59%
Merck & Co Inc0.58%
Mondelez International Class A0.57%
Orange SA0.57%
Marsh0.57%
Vertex Pharmaceuticals0.56%
Welltower0.56%
AbbVie0.53%
Progressive0.50%
Kyocera0.50%

Only in IQDG

251 securities, 82.3% of IQDG by weight

Roche Holding Ag3.44%
Toyota Motor Corp2.91%
Astrazeneca PLC2.90%
Novo Nordisk A/S-B2.76%
L'Oreal SA2.51%
Industria de Diseno Textil2.47%
Banco Bilbao Vizcaya Argentaria SA2.38%
LVMH Moet Hennessy Louis Vuitton SE2.38%
Unilever Plc2.35%
Siemens Ag-Reg2.16%
Banco Santander Sa1.64%
Tokyo Electron Ltd1.44%
Airbus SE1.43%
Air Liquide SA1.29%
Hitachi Ltd1.27%
Schneider Electric SA1.21%
Hermes International1.10%
Volvo AB1.08%
Murata Manufacturing Co Ltd1.04%
CIE Financiere Richemont0.97%
ABB Ltd-Reg0.96%
Reckitt Benckiser Group Plc0.95%
Relx PLC0.91%
BAE Systems PLC0.80%
Daimler Truck Holding Ag0.80%
Chugai Pharmaceutical Co Ltd0.77%
Bank Leumi Le-Israel BM0.75%
Advantest Corp0.75%
Roche Holding AG0.72%
MS&AD Insurance Group Holdings Inc0.71%
Atlas Copco Ab-A Shs0.65%
Universal Music Group NV0.65%
Shin-Etsu Chemical Co Ltd0.65%
Safran SA0.63%
Sse PLC0.61%
Fast Retailing Co Ltd0.60%
Ericsson Lm-B Shs0.57%
3i Group PLC0.57%
Rolls-Royce Holdings PLC0.54%
Daiwa House Industry Co Ltd0.53%
Givaudan SA0.50%
Thales SA0.49%
Kone Oyj0.49%
Wolters Kluwer0.43%
SGS SA-Reg0.43%
Ferrari NV0.40%
Techtronic Industries Co0.38%
Amadeus IT Group SA0.38%
Experian PLC0.37%
Siemens Energy Ag0.36%

Weight gaps

All 24 Holdings in both funds, largest gap first.

Holding weights in ACWV and IQDG, widest gap first
Holding	More in ACWVMore in IQDG	ACWV	IQDG
Novartis AG	IQDG +2.53 points	0.88%	3.41%
Asml Holding	IQDG +2.38 points	0.41%	2.79%
Dbs Group Holdings Ltd	IQDG +2.05 points	0.29%	2.34%
Sap	IQDG +1.56 points	0.32%	1.88%
Singapore Telecommunications Ltd	IQDG +0.67 points	0.45%	1.11%
Sompo Holdings	IQDG +0.56 points	0.05%	0.61%
Compass Group PLCCPG.L	IQDG +0.56 points	0.08%	0.64%
Sampo Class A	IQDG +0.45 points	0.12%	0.57%
Mizrahi Tefahot Bank Ltd	IQDG +0.34 points	0.09%	0.43%
Halma PLCHLMA.L	ACWV +0.28 points	0.33%	0.05%
Bank Hapoalim Bm	IQDG +0.28 points	0.31%	0.59%
Jeronimo Martins SA	IQDG +0.18 points	0.05%	0.23%
Fujitsu	ACWV +0.16 points	0.45%	0.29%
Singapore Exchange	IQDG +0.13 points	0.07%	0.20%
Koninklijke Kpn NV	IQDG +0.10 points	0.35%	0.45%
Verbund AG	IQDG +0.08 points	0.07%	0.15%
Yokogawa Electric	ACWV +0.05 points	0.12%	0.07%
The Sage GroupSGE.L	IQDG +0.04 points	0.12%	0.16%
Indra Sistemas SA	ACWV +0.05 points	0.11%	0.06%
Screen Holdings Ltd	IQDG +0.04 points	0.04%	0.08%
Keyence	ACWV +0.03 points	0.41%	0.38%
Ana Holdings	IQDG +0.02 points	0.06%	0.08%
Obic Ltd	IQDG +0.01 points	0.16%	0.17%
Pan Pacific International Holdings	Same weight	0.10%	0.10%

All 378 ACWV holdings⁠All 276 IQDG 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 IQDG Cost

Overpaying IQDG vs ACWV

$4,317

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

ACWV 0.20%
$4,155
IQDG 0.42%
$8,472

Amount$10,000

Years30 years

Cost over time

ACWV 0.20%
IQDG 0.42%
Overpaying

Year by year

Year	ACWV	IQDG	Overpaying
10	$365	$759	$394
20	$1,421	$2,927	$1,506
30	$4,155	$8,472	$4,317

Expense ratio

0.20%ACWV, cheaper
0.42%IQDG

ACWV0.20%IQDG0.42%

0.08%0.65%

Middle half of International Factor Index funds
Median 0.34%

ACWV 2nd cheapest of 15 funds

IQDG 10th cheapest of 15 funds

ACWV vs IQDG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ACWV 1.83%; IQDG 2.40%, better
Payout (12M): ACWV $2.36; IQDG $1.01
Last payment: ACWV $1.07; IQDG $0.12
Ex-dividend: ACWV Jun 15, 2026; IQDG Sep 25, 2026
Paid on: ACWV Jun 18, 2026; IQDG Sep 29, 2026
Frequency: ACWV Twice a year; IQDG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

ACWVTwice a year · 19 paymentsAll ACWV payments⁠

IQDGQuarterly · 40 paymentsAll IQDG payments⁠

ACWV vs IQDG Risk

Fall from peak · 5 years

ACWV
IQDG

Risk facts

VolatilityStd dev, 3 years: ACWV 8.7%, betterIQDG 13.8%
Return per unit of riskSharpe ratio, 3 years: ACWV 1.03, betterIQDG 0.65
Worst fallMax drawdown, 5 years: ACWV −18.1%, betterIQDG −33.0%
Market sensitivityBeta, 5 years: ACWV 0.53IQDG 0.94; Market = 1

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