EFAV vs IMTM: Grades, Fees and Holdings Compared

iShares MSCI EAFE Min Vol Factor ETF

EFAVACboe

iShares MSCI Intl Momentum Factor ETF

IMTMBNYSE Arca

Overlap

26.9%by weight

Expense ratio

EFAV −0.10pt a year

EFAV0.20%IMTM0.30%

Avg volume · 30D

EFAV 1.4×the volume

EFAV510KIMTM354K

10Y return · a year

IMTM +3.0pt

EFAV+7.3%IMTM+10.3%

EFAV vs IMTM Performance

Oct 29, 2021 – Oct 30, 2026

+45.5%EFAV+53.1%IMTM

Expense ratio: EFAV 0.20%, better; IMTM 0.30%
Fund size: EFAV $5.53B; IMTM $4.17B
1Y total return: EFAV +17.8%, better; IMTM +12.1%
Yield (12M): EFAV 2.97%; IMTM 4.56%, better
Holdings: EFAV 283; IMTM 314
Avg volume (30D): EFAV 510K sh, better; IMTM 354K sh
NAV per share: EFAV $96.22; IMTM $50.91
52W range

ETF.net Grade

Pillar letters and Scores for EFAV, IMTM, with each pillar’s weight
Pillar	EFAV	IMTM
Cost30% weight	A89Higher	B61
Mission25% weight	B56	Not scored
Risk15% weight	A75Higher	D39
Tradability15% weight	A84Higher	A72
Holdings10% weight	B69Higher	C50
Durability5% weight	A83Higher	A76

Rank among International Factor Index funds

How we build Categories ›

Same Category. EFAV and IMTM 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 ›

EFAV ranks 1st and IMTM 7th 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 6BTLTDNorthern Trust Morningstar Developed Markets ex-US Factor Tilt ETFScore 59
Rank 7BIMTMiShares MSCI Intl Momentum Factor ETFScore 58
Rank 7BVDGVanguard Developed Markets ex US Growth Index ETFScore 58

Our read on each fund

ETF.net Research

EFAVAiShares MSCI EAFE Min Vol Factor ETF

IMTMBiShares MSCI Intl Momentum Factor ETF

In short

EFAV The 2011 original for overseas min vol: roughly 300 developed-market stocks outside the US and Canada, picked for lower-volatility traits, at 0.20% a year. One of the strongest builds in its international factor group.

IMTM Momentum investing usually stops at the US border. IMTM runs the same idea across developed markets outside America, holding roughly 300 stocks picked for strong price momentum and reshuffling as leadership changes hands.

Stated mandate

EFAV The fund seeks to track an index of developed-market equities outside the United States and Canada that have lower-volatility characteristics.

IMTM The fund seeks to follow an index of developed-market international equities selected for relatively strong price momentum.

Why people hold it

EFAV Charges 0.20% a year, less than half the typical fee among international factor funds.
Running since 2011 and now a multi-billion-dollar fund that trades actively, one of the longer records in the international factor aisle.
Spreads across about 300 names and follows the MSCI EAFE Minimum Volatility Index, so the low-vol call is rules-based rather than a manager's hand-picked list.ishares.com
Stands among the strongest implementations in its 18-fund international factor peer group.

IMTM Charges 0.30%, half the typical fee among international active-equity funds, and undercuts factor peers like AVDS while sitting near AVDE and DFIC.
A rare pure-momentum sleeve for developed markets outside the US, where most factor money never leaves home.
Live since 2015 and now a multi-billion-dollar iShares fund, so it has a decade of track record and real trading depth behind it.
Ranks in the top quartile of its international equity peer group on our review, one of the stronger implementations in the category.

Worth knowing

EFAV The min-vol screen reshapes the lineup, so sector and country weights can sit well away from a plain EAFE index fund and results diverge from it.
QLVD runs a developed ex-US low-volatility mandate for 0.15%, so cheaper shelf-mates exist in the same aisle.
Coverage stops at developed markets outside the US and Canada, leaving emerging markets and Canadian stocks to other holdings.ishares.com

IMTM Momentum chases what is already working, so the portfolio can tilt hard toward whichever countries and sectors are hot and swing more than a broad index.
Roughly 300 developed-market names means no emerging markets and a narrower bench than a total international fund.
Distributions arrive once or twice a year, not monthly, and it trades moderately rather than at mega-fund volumes.

Full EFAV profile⁠

Full IMTM profile⁠

EFAV vs IMTM Holdings

How EFAV and IMTM differ

Overlap by weight

26.9%

Shared holdings make up 46.7% of IMTM and 46.4% of EFAV.

Level by level

Holdings107 in both26.9%
Sector11 Sectors67.2%
Countryby domicile70.5%
Asset classEquity100%

Sector

Sector weights in EFAV and IMTM, widest gap first
Sector	More in EFAVMore in IMTM	EFAV	IMTM
Financials	IMTM +16.6 points	20.1%	36.7%
Consumer Staples	EFAV +9.0 points	11.7%	2.7%
Technology	IMTM +8.9 points	6.2%	15.1%
Communication	EFAV +7.9 points	8.5%	0.6%
Materials	IMTM +4.9 points	1.6%	6.5%
Utilities	EFAV +4.6 points	8.8%	4.2%
Health Care	EFAV +4.2 points	11.2%	7.0%
Consumer Discretionary	EFAV +3.1 points	5.9%	2.8%
Energy	IMTM +2.3 points	9.3%	11.6%
Real Estate	EFAV +2.0 points	2.6%	0.6%
Industrials	EFAV +2.0 points	14.2%	12.2%

Country, concentration and asset class

Country by domicile

Country weights in EFAV and IMTM, widest gap first
Country	More in EFAVMore in IMTM	EFAV	IMTM
Canada	IMTM +19.7 points	0.0%	19.7%
Hong Kong	EFAV +5.4 points	5.4%	0.0%
Netherlands	IMTM +5.0 points	2.2%	7.2%
Switzerland	EFAV +3.3 points	11.0%	7.7%
Australia	EFAV +2.9 points	5.5%	2.6%
Singapore	EFAV +2.4 points	5.2%	2.8%
Japan	EFAV +2.1 points	29.2%	27.1%
Norway	EFAV +2.1 points	2.1%	0.0%
Other countries (11)	EFAV +6.5 points	39.4%	32.9%

Outside the US: EFAV 97% developed, 3% emerging. IMTM 99% developed, 1% emerging.

Concentration

Weight in the 10 largest Holdings

EFAV15.2%
IMTM24.6%

Securities held

EFAV265
IMTM297

Asset class

EFAV: Equity
IMTM: Equity

Holdings

Only in EFAV158
In both107
Only in IMTM190

Only in EFAV

158 securities, 53.6% of EFAV by weight

Swisscom AG1.34%
Zurich Insurance Group AG1.32%
Unilever PLC1.17%
Sampo Class A1.11%
Obic Ltd1.09%
Softbank1.07%
Nestle SA1.02%
Kddi1.01%
Ntt0.99%
Clp Holdings0.99%
Power Assets Holdings0.92%
Bank Hapoalim Bm0.86%
East Japan Railway0.82%
Koninklijke Kpn NV0.74%
Kao0.73%
Sap0.71%
Danone SA0.71%
Koninklijke Ahold Delhaize0.71%
Transurban Group Stapled Units0.70%
Astrazeneca PLC0.66%
Sanofi SA0.66%
Shionogi0.66%
Central Japan Railway0.65%
Loreal SA0.64%
Medibank Private0.63%
Tryg0.62%
Schindler Holding AG0.62%
Industria De Diseno Textil SA0.62%
Bank Leumi Le Israel0.60%
Haleon PLC0.57%
Canon0.55%
Otsuka Corp0.55%
Aena Sme SA0.53%
Oriental Land0.53%
Compass Group PLC0.52%
Daito Trust Construction Ltd0.51%
Nippon Building Fund Reit0.50%
Telstra Group0.50%
Kone0.50%
Tesco PLC0.49%
Cheung Kong Infrastructure Holding0.48%
National Grid PLC0.48%
Groupe Bruxelles Lambert NV0.46%
Hkt Trust and Hkt Units0.46%
Verbund AG0.46%
Coles Group Ltd0.45%
Deutsche Telekom N AG0.45%
Singapore Telecommunications Ltd0.45%
Nomura Research Institute0.44%
Commonwealth Bank of Australia0.43%

Only in IMTM

190 securities, 53.2% of IMTM by weight

Royal Bank of Canada3.42%
Hsbc Holdings PLC2.63%
Toronto Dominion2.48%
Kioxia Holdings1.52%
Bhp Group Ltd1.47%
Canadian Imperial Bank of Commerce1.34%
Banco Santander1.29%
Bank of Montreal1.19%
Bank of Nova Scotia1.15%
Suncor Energy Inc1.03%
Canadian Natural Resources Ltd1.02%
Mizuho Financial Group0.99%
Banco Bilbao Vizcaya Argentaria0.98%
Murata Manufacturing0.91%
Siemens Energy N AG0.78%
Panasonic Holdings0.76%
National Bank of Canada0.75%
Enbridge0.72%
Rio Tinto0.70%
Ing Groep0.68%
Glencore PLC0.57%
Manulife Financial0.56%
Infineon Technologies AG0.52%
Ubs Group AG0.50%
Mitsubishi Electric0.50%
Cenovus Energy0.48%
Orix0.46%
Fujikura0.44%
Lloyds Banking Group PLC0.44%
Sumitomo Electric Industries0.44%
Tc Energy0.43%
Power Corporation of Canada0.42%
Shin Etsu Chemical0.41%
Barclays PLC0.40%
Compagnie Financiere Richemont SA0.40%
Marubeni0.40%
Teva Pharmaceutical Industries0.39%
Canadian National Railway0.39%
Bayer AG0.38%
Ibiden Ltd0.37%
Sumitomo0.37%
Standard Chartered PLC0.36%
Daiichi Life Group0.34%
Bnp Paribas SA0.32%
Canadian Pacific Kansas City0.31%
Sandoz Group AG0.31%
Societe Generale SA0.31%
Anglo American PLC0.30%
Stmicroelectronics0.30%
Prysmian0.29%

Weight gaps

The 100 widest of 107 Holdings in both funds.

Holding weights in EFAV and IMTM, widest gap first
Holding	More in EFAVMore in IMTM	EFAV	IMTM
Asml Holding	IMTM +4.41 points	0.26%	4.67%
Roche Ps Par AG	IMTM +1.69 points	0.32%	2.01%
Advantest	IMTM +1.55 points	0.05%	1.60%
Secom	EFAV +1.42 points	1.49%	0.07%
Mitsubishi Ufj Financial Group	IMTM +1.37 points	0.35%	1.72%
Equinor	EFAV +1.32 points	1.64%	0.32%
Takeda Pharmaceutical	EFAV +1.22 points	1.68%	0.46%
Sumitomo Mitsui Financial Group	IMTM +1.01 points	0.25%	1.26%
Tokyo Electron	IMTM +0.95 points	0.12%	1.07%
Allianz	IMTM +0.89 points	0.29%	1.18%
Eni	EFAV +0.87 points	1.54%	0.67%
Abb Ltd	IMTM +0.86 points	0.25%	1.11%
Swiss Prime Site AG	EFAV +0.82 points	0.92%	0.10%
Boc Hong Kong Holdings Ltd	EFAV +0.74 points	0.94%	0.20%
Novartis AG	IMTM +0.71 points	1.41%	2.12%
Bridgestone	EFAV +0.66 points	0.75%	0.09%
Orange SA	EFAV +0.63 points	0.87%	0.24%
Poste Italiane	EFAV +0.57 points	0.71%	0.14%
Recruit Holdings Ltd	IMTM +0.56 points	0.17%	0.73%
Singapore Exchange	EFAV +0.55 points	0.67%	0.12%
United Overseas Bank	EFAV +0.55 points	0.68%	0.13%
Helvetia Baloise Holding N AG	EFAV +0.54 points	0.67%	0.13%
Investor Class B	IMTM +0.53 points	0.07%	0.60%
Omv	EFAV +0.52 points	0.62%	0.10%
Japan Tobacco	EFAV +0.51 points	1.06%	0.55%
Nokia	IMTM +0.44 points	0.11%	0.55%
ShellSHEL.L	IMTM +0.41 points	1.69%	2.10%
Deutsche Boerse AG	EFAV +0.41 points	0.64%	0.23%
Totalenergies	IMTM +0.40 points	1.45%	1.85%
Pearson PLCPSON.L	EFAV +0.38 points	0.41%	0.03%
Snam	EFAV +0.37 points	0.47%	0.10%
Engie SA	IMTM +0.36 points	0.06%	0.42%
Mitsubishi	IMTM +0.36 points	0.48%	0.84%
Mitsui	IMTM +0.37 points	0.25%	0.62%
Tokio Marine Holdings	IMTM +0.36 points	0.06%	0.42%
Bc Vaud N	EFAV +0.34 points	0.39%	0.05%
Swire Pacific Ltd A	EFAV +0.34 points	0.37%	0.03%
Galp Energia Sgps SA Class B	EFAV +0.34 points	0.39%	0.05%
Roche Holding AG	EFAV +0.34 points	0.40%	0.06%
Lair Liquide Societe Anonyme Pour	EFAV +0.32 points	0.72%	0.40%
Osaka Gas	EFAV +0.31 points	0.40%	0.09%
Tower Semiconductor	IMTM +0.29 points	0.04%	0.33%
Itochu	EFAV +0.27 points	0.68%	0.41%
Singapore Technologies Engineering	EFAV +0.26 points	0.36%	0.10%
Dbs Group Holdings Ltd	EFAV +0.26 points	1.39%	1.13%
Astellas Pharma	EFAV +0.26 points	0.47%	0.21%
Rwe AG	IMTM +0.25 points	0.12%	0.37%
Anheuser-Busch Inbev SA	EFAV +0.24 points	0.54%	0.30%
Galderma Group N AG	IMTM +0.24 points	0.09%	0.33%
Getlink	EFAV +0.24 points	0.27%	0.03%
Sompo Holdings	IMTM +0.22 points	0.12%	0.34%
Otsuka Holdings	EFAV +0.20 points	0.44%	0.24%
Singapore Airlines Ltd	EFAV +0.20 points	0.23%	0.03%
Oversea-Chinese Banking	EFAV +0.20 points	1.22%	1.02%
Endesa SA	EFAV +0.19 points	0.37%	0.18%
Bp PLCBP.L	IMTM +0.19 points	0.71%	0.90%
Enel	IMTM +0.18 points	0.31%	0.49%
Washington H Soul Pattinson & Comp	EFAV +0.18 points	0.22%	0.04%
Kirin Holdings	EFAV +0.18 points	0.30%	0.12%
Kuehne Und Nagel International AG	EFAV +0.17 points	0.25%	0.08%
Iberdrola	EFAV +0.17 points	1.54%	1.37%
Elbit Systems	EFAV +0.16 points	0.36%	0.20%
Mitsui Osk Lines Ltd	EFAV +0.16 points	0.26%	0.10%
Keyence	IMTM +0.15 points	0.28%	0.43%
Inpex	EFAV +0.15 points	0.36%	0.21%
Woodside Energy Group Ltd	IMTM +0.15 points	0.18%	0.33%
E.on N	EFAV +0.14 points	0.43%	0.29%
Kyocera	EFAV +0.13 points	0.44%	0.31%
Coca Cola Europacific Partners PLCCCEP	EFAV +0.12 points	0.20%	0.08%
Ryohin Keikaku	EFAV +0.12 points	0.23%	0.11%
Admiral Group PLCADM.L	EFAV +0.12 points	0.17%	0.05%
Repsol	IMTM +0.11 points	0.39%	0.50%
Mitsubishi Hc Capital Inc	EFAV +0.10 points	0.16%	0.06%
BunzlBNZL.L	EFAV +0.11 points	0.16%	0.05%
Fast Retailing	IMTM +0.10 points	0.61%	0.71%
Idemitsu Kosan Ltd	EFAV +0.09 points	0.14%	0.05%
Ck Hutchison Holdings	IMTM +0.09 points	0.06%	0.15%
GlaxosmithklineGSK.L	IMTM +0.08 points	0.45%	0.53%
Sun Hung Kai Properties Ltd	IMTM +0.09 points	0.05%	0.14%
Danske Bank	IMTM +0.09 points	0.14%	0.23%
Ericsson B	IMTM +0.09 points	0.05%	0.14%
Daikin Industries Ltd	EFAV +0.07 points	0.18%	0.11%
Bae Systems PLCBA.L	EFAV +0.06 points	0.45%	0.39%
Phoenix Financial Ltd	EFAV +0.06 points	0.17%	0.11%
Orion Class B	EFAV +0.05 points	0.12%	0.07%
Japan Post Bank Ltd	EFAV +0.06 points	0.39%	0.33%
Qbe Insurance Group	EFAV +0.05 points	0.15%	0.10%
Woolworths Group	IMTM +0.04 points	0.21%	0.25%
Opc Energy Ltd	EFAV +0.05 points	0.09%	0.04%
Chubu Electric Power Inc	IMTM +0.04 points	0.04%	0.08%
Aib Group PLC	IMTM +0.03 points	0.15%	0.18%
Aker Bp	IMTM +0.03 points	0.06%	0.09%
Caixabank SA	EFAV +0.03 points	0.38%	0.35%
Fujifilm Holdings	EFAV +0.03 points	0.11%	0.08%
Kbc Groep	EFAV +0.03 points	0.20%	0.17%
Nordea Bank	EFAV +0.03 points	0.38%	0.35%
Sitc International Holdings Ltd	EFAV +0.03 points	0.08%	0.05%
British American TobaccoBATS.L	IMTM +0.02 points	0.64%	0.66%
Japan Post Holdings Ltd	IMTM +0.02 points	0.18%	0.20%
Banco Comercial Portugues SA	IMTM +0.02 points	0.05%	0.07%

All 265 EFAV holdings⁠All 298 IMTM 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.

EFAV vs IMTM Cost

Overpaying IMTM vs EFAV

$1,994

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

EFAV 0.20%
$4,155
IMTM 0.30%
$6,149

Amount$10,000

Years30 years

Cost over time

EFAV 0.20%
IMTM 0.30%
Overpaying

Year by year

Year	EFAV	IMTM	Overpaying
10	$365	$545	$180
20	$1,421	$2,113	$692
30	$4,155	$6,149	$1,994

Expense ratio

0.20%EFAV, cheaper
0.30%IMTM

EFAV0.20%IMTM0.30%

0.08%0.65%

Middle half of International Factor Index funds
Median 0.34%

EFAV 2nd cheapest of 15 funds

IMTM 6th cheapest of 15 funds

EFAV vs IMTM Dividends

Last 12 months to Oct 30, 2026

Yield (12M): EFAV 2.97%; IMTM 4.56%, better
Payout (12M): EFAV $2.86; IMTM $2.32
Last payment: EFAV $1.68; IMTM $0.60
Ex-dividend: EFAV Jun 15, 2026; IMTM Jun 15, 2026
Paid on: EFAV Jun 18, 2026; IMTM Jun 18, 2026
Frequency: EFAV Twice a year; IMTM Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

EFAVTwice a year · 18 paymentsAll EFAV payments⁠

IMTMTwice a year · 20 paymentsAll IMTM payments⁠

EFAV vs IMTM Risk

Fall from peak · 5 years

EFAV
IMTM

Risk facts

VolatilityStd dev, 3 years: EFAV 10.5%, betterIMTM 12.8%
Return per unit of riskSharpe ratio, 3 years: EFAV 1.24IMTM 1.28, better
Worst fallMax drawdown, 5 years: EFAV −26.0%, betterIMTM −30.6%
Market sensitivityBeta, 5 years: EFAV 0.48IMTM 0.81; Market = 1

EFAV and IMTM in the news

All news⁠

New ETFs
Three new international stock funds, and none is the cheap one
Oct 5, 2026IMTM
ETF Filings
First Trust to liquidate HDMV, a $15 million international low-volatility ETF
Sep 14, 2026EFAV

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EFAV vs IMTM

In short

Stated mandate

Why people hold it

Worth knowing

How EFAV and IMTM differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in EFAV

Only in IMTM

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Three new international stock funds, and none is the cheap one

First Trust to liquidate HDMV, a $15 million international low-volatility ETF

How EFAV and IMTM differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in EFAV

Only in IMTM

Weight gaps