Key stats
About ISHARES MSCI MIN VOL USA INDEX ETF UNIT USD
Expense ratio
0.34%
Home page
blackrock.com/ca/individual/en/products/310740/ishares-msci-min-vol-usa-index-etf-fund
Inception date
Oct 22, 2019
The fund offers a minimum-volatility portfolio of US stocks. The fund's index uses an optimization algorithm to build a minimum variance portfolio, one that considers correlation between stocks rather than simply holding a basket of low-vol stocks. While XMU applies sector constraints in its optimizer, sector bets can be substantial, if unsurprising. The fund typically overweights defensive, dividend-paying sectors. XMUs optimizer also aims to keep other risk factors marketlike as it dials back on volatility. The fund takes substantially less risk than the market portfolio as shown by low beta. Sibling fund XMS, offers the same exposure but hedged to CAD.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Finance
Electronic Technology
Health Technology
Stocks99.84%
Technology Services15.97%
Finance14.05%
Electronic Technology12.07%
Health Technology11.66%
Consumer Non-Durables9.41%
Utilities7.21%
Retail Trade5.15%
Industrial Services3.94%
Communications3.60%
Consumer Services3.22%
Health Services2.76%
Transportation2.42%
Commercial Services2.01%
Distribution Services1.90%
Process Industries1.82%
Energy Minerals1.78%
Non-Energy Minerals0.83%
Producer Manufacturing0.07%
Bonds, Cash & Other0.16%
Cash0.16%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history