Key stats
About ISHARES MSCI MIN VOL USA INDEX ETF UNIT
Expense ratio
0.33%
Home page
Inception date
Jul 24, 2012
ISIN
CA46433S1083
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
What's in the fund
Exposure type
Technology Services
Finance
Electronic Technology
Health Technology
Stock breakdown by region