INTF vs RWIN: Grades, Fees and Holdings Compared

iShares International Equity Factor ETF

INTFANYSE Arca

Rayliant NxtGen Multifactor International Equity ETF

RWINDNasdaq

Overlap

23.9%by weight

Expense ratio

INTF −0.26pt a year

INTF0.16%RWIN0.42%

Avg volume · 30D

INTF 431.6×the volume

INTF309KRWIN716

INTF vs RWIN Performance

Jul 31, 2026 – Oct 30, 2026

−1.8%INTF+0.7%RWIN

Expense ratio: INTF 0.16%, better; RWIN 0.42%
Fund size: INTF $3.7B; RWIN $20M
1Y total return: INTF +17.0%; RWIN No data
Yield (12M): INTF 3.02%; RWIN No data
Holdings: INTF 501; RWIN 171
Avg volume (30D): INTF 309K sh, better; RWIN 716 sh
NAV per share: INTF $41.10; RWIN $27.34
52W range

ETF.net Grade

Pillar letters and Scores for INTF, RWIN, with each pillar’s weight
Pillar	INTF	RWIN
Cost30% weight	A98Higher	D28
Mission25% weight	Not scored	Not scored
Risk15% weight	B55	A89Higher
Tradability15% weight	A73Higher	F19
Holdings10% weight	B68Higher	D36
Durability5% weight	A86Higher	F20

Rank among International Multifactor funds

How we build Categories ›

Same Category. INTF and RWIN are both graded against the same 30 International Multifactor funds, so their Grades compare head to head.

International Multifactor⁠

Category · 30 funds

See all 30 ›

INTF ranks 1st and RWIN 21st of 30 funds in the International Multifactor Category.

Rank 1AINTFiShares International Equity Factor ETFScore 79
Rank 2ADFAIDimensional International Core Equity Market ETFScore 77
Rank 21DFDTFirst Trust Developed Markets ex-US AlphaDEX FundScore 38
Rank 21DRWINRayliant NxtGen Multifactor International Equity ETFScore 38
Rank 23DDWMFWisdomTree International Multifactor FundScore 37

Our read on each fund

ETF.net Research

INTFAiShares International Equity Factor ETF

RWINDRayliant NxtGen Multifactor International Equity ETF

In short

INTF Five factors at once (value, quality, momentum, low volatility, low size) aimed at developed markets outside the US, for 0.16% a year. That is well under half what the typical international multifactor fund charges.

RWIN Rayliant's quant house fills the gap in its NxtGen lineup: developed markets outside the US, sorted by factor models instead of market cap. It arrived in 2026 charging 0.42% into an aisle stacked with cheap, entrenched rivals.

Stated mandate

INTF The fund seeks to track an index of international developed-market stocks chosen using value, quality, momentum, low-volatility, and low-size factors.

RWIN The Fund seeks long-term capital appreciation.

Why people hold it

INTF At 0.16% a year it undercuts the peer median of 0.38%, and also GSIE (0.25%), RODM (0.29%) and FDEV (0.18%).
One basket of roughly 500 developed-market stocks does the work of separate value, quality, momentum, low-volatility and small-size sleeves.
Live since 2015 and now a multi-billion-dollar iShares fund, giving it more history than much of the international multifactor shelf.
Rates among the strongest implementations in its international multifactor peer group of 29 funds.

RWIN Completes Rayliant's NxtGen trio. Alongside the firm's US and emerging-markets multifactor funds, it lets you build a global factor sleeve on one shop's models.sec.gov
One fee, no fine print. The prospectus fee table shows the 0.42% management fee as the entire tab, with no 12b-1 distribution charge stacked on top.sec.gov
Factor-driven, not cap-weighted. Stocks are selected and sized on multifactor signals, so the portfolio doesn't default to whichever foreign mega-caps got biggest.

Worth knowing

INTF Factor tilts are the whole point, so returns can wander from a plain cap-weighted international index in either direction, sometimes for long stretches.
Developed markets only. No emerging-market exposure here, and returns move with foreign currencies as well as foreign stocks.
Volume is moderate rather than heavy, so limit orders help. Distributions land once or twice a year, not quarterly.

RWIN At 0.42% it prices above the peer median of 0.38% and well above established options like INTF at 0.16% and FDEV at 0.18%. The models have to earn that gap.
Small and thinly traded. Spreads can run wide, so execution matters more here than in a mega-fund with constant two-way flow.
It opened in 2026, so there's no long live record, and it sits at the back of a peer group led by older, cheaper factor funds with deep asset bases.

Full INTF profile⁠

Full RWIN profile⁠

INTF vs RWIN Holdings

How INTF and RWIN differ

Overlap by weight

23.9%

Shared holdings make up 63.2% of RWIN and 25.9% of INTF.

Level by level

Holdings82 in both23.9%
Countryby domicile82.3%
Asset classEquity100%

Sector

No Sector split for RWIN.

Country, concentration and asset class

Country by domicile

Country weights in INTF and RWIN, widest gap first
Country	More in INTFMore in RWIN	INTF	RWIN
Canada	RWIN +6.4 points	7.8%	14.2%
United Kingdom	INTF +4.1 points	13.8%	9.7%
Japan	INTF +3.2 points	26.4%	23.2%
Germany	RWIN +3.0 points	6.9%	9.9%
United States	RWIN +2.6 points	0.0%	2.6%
Italy	INTF +2.4 points	3.6%	1.2%
Spain	INTF +1.7 points	4.0%	2.3%
Singapore	INTF +1.6 points	1.6%	0.0%
Other countries (13)	RWIN +1.0 points	35.9%	36.9%

Outside the US: INTF 100% developed, 0% emerging. RWIN 100% developed, 0% emerging.

Concentration

Weight in the 10 largest Holdings

INTF12.8%
RWIN20.3%

Securities held

INTF482
RWIN170

Asset class

INTF: Equity
RWIN: Equity

Holdings

Only in INTF400
In both82
Only in RWIN88

Only in INTF

400 securities, 73.6% of INTF by weight

Novartis AG2.25%
Royal Bank of Canada1.20%
Mitsubishi Ufj Financial Group1.04%
Hsbc Holdings PLC1.02%
Nestle SA0.99%
Astrazeneca PLC0.96%
Bhp Group Ltd0.91%
Sumitomo Mitsui Financial Group0.86%
Mizuho Financial Group0.83%
Totalenergies0.83%
Sap0.82%
Shell0.80%
Unicredit0.77%
Siemens N AG0.69%
Toyota Motor0.68%
Manulife Financial0.66%
Commonwealth Bank of Australia0.64%
Banco Bilbao Vizcaya Argentaria0.63%
Aib Group PLC0.63%
Loreal SA0.56%
Hitachi0.56%
Novo Nordisk Class B0.54%
Tokio Marine Holdings0.50%
Nordea Bank0.49%
Engie SA0.47%
Sony Group0.47%
Zurich Insurance Group AG0.45%
Tesco PLC0.43%
Bae Systems PLC0.42%
Investor Class B0.42%
Balfour Beatty PLC0.41%
Fast Retailing0.41%
Credit Agricole SA0.40%
Schneider Electric0.40%
Toronto Dominion0.39%
Equinor0.39%
Banco Santander0.38%
Koninklijke Ahold Delhaize0.38%
Jb Hi-Fi Ltd0.38%
Deutsche Bank AG0.38%
Softbank Group Corp0.37%
Yangzijiang Shipbuilding (Holdings0.36%
Compagnie Financiere Richemont SA0.36%
Canadian Natural Resources Ltd0.36%
Al Sydbank0.35%
Aia Group0.35%
Daiwa Securities Group Inc0.35%
Iberdrola0.35%
Dbs Group Holdings Ltd0.35%
Iss A’s0.35%

Only in RWIN

88 securities, 36.7% of RWIN by weight

Danske Bank A/S1.47%
Spotify Technology S.A.1.36%
Bridgestone Corporation1.14%
Sumitomo Mitsui Trust Group, Inc.1.11%
Vestas Wind Systems A/S1.07%
Merck KGaA0.98%
Legal & General Group plc0.93%
Constellation Software Inc0.85%
Koninklijke KPN N.V.0.81%
Central Japan Railway Company0.79%
InterContinental Hotels Group plc0.78%
AerCap Holdings N.V.0.75%
Great-West Lifeco, Inc.0.71%
Barrick Mining Corporation0.65%
Kinross Gold Corporation0.63%
Roche Holding A.G.0.63%
iA Financial Corp, Inc.0.60%
Henkel A.G. & Company KGaA0.59%
Admiral Group plc0.57%
Amadeus IT Group S.A.0.56%
Hydro One Ltd.0.55%
Orion OYJ0.54%
Osaka Gas Company Ltd.0.53%
Omv A.g.0.53%
Sompo Holdings, Inc.0.51%
George Weston Ltd.0.50%
Rogers Communications, Inc.0.50%
Bbh Sweep Vehicle0.49%
Neste OYJ0.49%
APA Group0.46%
Denso Corporation0.45%
QBE Insurance Group Ltd.0.45%
Aegon Ltd.0.44%
M&G plc0.44%
Tenaris S.A.0.43%
Yamaha Motor Company Ltd.0.42%
Medibank Pvt Ltd.0.42%
Belimo Holding A.G.0.42%
Magnum Ice Cream Company N.V. (The)0.42%
Banco Comercial Portugues S.A.0.41%
Mitsubishi Chemical Group Corporation0.39%
Talanx A.G.0.37%
Tele2 A.B.0.37%
SITC International Holdings Company Ltd.0.36%
West Japan Railway Company0.35%
Pro Medicus Ltd.0.33%
Henkel A.G. & Company KGaA0.32%
Idemitsu Kosan Company Ltd.0.32%
Millicom International Cellular S.A.0.32%
Saputo, Inc.0.31%

Weight gaps

All 82 Holdings in both funds, largest gap first.

Holding weights in INTF and RWIN, widest gap first
Holding	More in INTFMore in RWIN	INTF	RWIN
Axa SA	RWIN +1.98 points	0.13%	2.11%
Suncor Energy Inc	RWIN +1.79 points	0.62%	2.41%
Roche Ps Par AG	RWIN +1.77 points	1.22%	2.99%
Allianz	RWIN +1.62 points	0.48%	2.10%
Daiichi Life Group	RWIN +1.49 points	0.23%	1.72%
Power Corporation of Canada	RWIN +1.38 points	0.24%	1.62%
MS&AD Insurance Group Holdings	RWIN +1.37 points	0.38%	1.75%
Basf N	RWIN +1.34 points	0.20%	1.54%
Advantest	RWIN +1.24 points	0.63%	1.87%
Galderma Group N AG	RWIN +1.17 points	0.30%	1.47%
Astellas Pharma	RWIN +1.17 points	0.05%	1.22%
Imperial Brands PLCIMB.L	RWIN +1.09 points	0.09%	1.18%
Genmab	RWIN +1.05 points	0.06%	1.11%
Nn Group	RWIN +1.01 points	0.02%	1.03%
Repsol	RWIN +1.01 points	0.56%	1.57%
Sanofi SA	RWIN +0.91 points	0.43%	1.34%
Japan Post Holdings Ltd	RWIN +0.91 points	0.13%	1.04%
Eneos Holdings	RWIN +0.90 points	0.09%	0.99%
Fairfax Financial Holdings Sub Vot	RWIN +0.89 points	0.22%	1.11%
Swiss Life Holding AG	RWIN +0.82 points	0.02%	0.84%
Coles Group Ltd	RWIN +0.79 points	0.20%	0.99%
Vodafone Group PLCVOD.L	RWIN +0.79 points	0.42%	1.21%
Aristocrat Leisure	RWIN +0.73 points	0.10%	0.83%
Mercedes-Benz Group N AG	RWIN +0.71 points	0.25%	0.96%
Volkswagen Non-Voting Pref AG	RWIN +0.69 points	0.03%	0.72%
Recruit Holdings Ltd	RWIN +0.61 points	0.81%	1.42%
Rolls-Royce Holdings PLCRR.L	RWIN +0.59 points	0.54%	1.13%
Kioxia Holdings	RWIN +0.57 points	0.35%	0.92%
Rio Tinto	RWIN +0.58 points	0.64%	1.22%
GlaxosmithklineGSK.L	RWIN +0.57 points	0.51%	1.08%
Magna International	RWIN +0.56 points	0.15%	0.71%
Abn Amro Bank NV	RWIN +0.50 points	0.69%	1.19%
Safran SA	RWIN +0.49 points	0.40%	0.89%
Kirin Holdings	RWIN +0.48 points	0.01%	0.49%
Societe Generale SA	RWIN +0.45 points	0.32%	0.77%
Poste Italiane	RWIN +0.38 points	0.16%	0.54%
Sbi Holdings Inc	RWIN +0.38 points	0.05%	0.43%
Standard Chartered PLCSTAN.L	RWIN +0.37 points	0.19%	0.56%
Logitech International	RWIN +0.37 points	0.22%	0.59%
Loblaw Companies Ltd	RWIN +0.34 points	0.81%	1.16%
Tokyo Electron	INTF +0.35 points	0.47%	0.12%
Deutsche Boerse AG	RWIN +0.34 points	0.38%	0.72%
Raiffeisen Bank International AG	RWIN +0.32 points	0.07%	0.39%
Asics	RWIN +0.31 points	0.54%	0.85%
Telstra Group	RWIN +0.30 points	0.29%	0.59%
Bp PLCBP.L	INTF +0.30 points	0.60%	0.30%
Unipol Assicurazioni Spa	RWIN +0.27 points	0.16%	0.43%
Infineon Technologies AG	RWIN +0.21 points	0.01%	0.22%
Ageas	RWIN +0.20 points	0.34%	0.54%
Klepierre Reit SA	INTF +0.19 points	0.30%	0.11%
Wartsila	RWIN +0.19 points	0.22%	0.41%
Dassault Aviation SA	RWIN +0.18 points	0.07%	0.25%
Ubs Group AG	INTF +0.17 points	0.62%	0.45%
Subaru	INTF +0.17 points	0.30%	0.13%
Otsuka Holdings	RWIN +0.16 points	0.20%	0.36%
Glencore PLCGLEN.L	RWIN +0.16 points	0.29%	0.45%
Muenchener Rueckversicherungs-Gese	INTF +0.16 points	0.34%	0.18%
Kingfisher PLCKGF.L	RWIN +0.12 points	0.22%	0.34%
Japan Post Insurance Ltd	RWIN +0.11 points	0.14%	0.25%
Asml Holding	INTF +0.11 points	2.30%	2.19%
Sumitomo Electric Industries	INTF +0.11 points	0.19%	0.08%
Fujitsu	INTF +0.10 points	0.23%	0.13%
Shopify Subordinate Voting Class ASHOP	RWIN +0.09 points	0.39%	0.48%
Otsuka Corp	INTF +0.08 points	0.34%	0.26%
Siemens Energy N AG	INTF +0.08 points	0.47%	0.39%
Smith and Nephew PLCSN.L	RWIN +0.08 points	0.01%	0.09%
Fresnillo PLCFRES.L	RWIN +0.07 points	0.17%	0.24%
Holcim Ltd AG	RWIN +0.06 points	0.12%	0.18%
Orix	RWIN +0.06 points	0.12%	0.18%
Eiffage SA	INTF +0.06 points	0.16%	0.10%
Yokogawa Electric	RWIN +0.05 points	0.22%	0.27%
Tokyo Gas Ltd	RWIN +0.05 points	0.15%	0.20%
Nexon	RWIN +0.05 points	0.12%	0.17%
Mitsui Kinzoku Limited Ltd	RWIN +0.04 points	0.09%	0.13%
Celestica	RWIN +0.04 points	0.15%	0.19%
Fujikura	INTF +0.04 points	0.17%	0.13%
Prosus NV Class N	INTF +0.02 points	0.21%	0.19%
The Sage GroupSGE.L	INTF +0.02 points	0.48%	0.46%
Jx Advanced Metals Corp	RWIN +0.01 points	0.03%	0.04%
Abb Ltd	INTF +0.01 points	0.92%	0.91%
SOUTH32	INTF +0.01 points	0.03%	0.02%
Banca Mediolanum	INTF +0.01 points	0.24%	0.23%

All 483 INTF holdings⁠All 172 RWIN 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.

INTF vs RWIN Cost

Overpaying RWIN vs INTF

$5,130

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

INTF 0.16%
$3,342
RWIN 0.42%
$8,472

Amount$10,000

Years30 years

Cost over time

INTF 0.16%
RWIN 0.42%
Overpaying

Year by year

Year	INTF	RWIN	Overpaying
10	$292	$759	$467
20	$1,141	$2,927	$1,786
30	$3,342	$8,472	$5,130

Expense ratio

0.16%INTF, cheaper
0.42%RWIN

INTF0.16%RWIN0.42%

0.15%0.80%

Middle half of International Multifactor funds
Median 0.34%

INTF 2nd cheapest of 30 funds

RWIN 22nd cheapest of 30 funds

INTF vs RWIN Dividends

Last 12 months to Oct 30, 2026

Yield (12M): INTF 3.02%; RWIN No data
Payout (12M): INTF $1.24; RWIN No data
Last payment: INTF $0.72; RWIN $0.05
Ex-dividend: INTF Jun 15, 2026; RWIN Sep 29, 2026
Paid on: INTF Jun 18, 2026; RWIN Oct 1, 2026
Frequency: INTF Twice a year; RWIN Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

INTFTwice a year · 20 paymentsAll INTF payments⁠

RWINQuarterly · 2 paymentsAll RWIN payments⁠

INTF vs RWIN Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: INTF 11.2%RWIN No data
Return per unit of riskSharpe ratio, 3 years: INTF 1.45RWIN No data
Worst fallMax drawdown, 5 years: INTF −27.6%RWIN No data
Market sensitivityBeta, 5 years: INTF 0.74RWIN 0.02; Market = 1

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