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Compare iShares Edge MSCI Min Vol Global Index ETF (XMW) vs iShares Core MSCI All Country World ex Canada Index ETF (XAW) to find the best fit for your portfolio. XMW provides Technology, Finance, and Healthcare exposures, while XAW is primarily weighted in Technology, Finance, and Industrials. When evaluating costs, XMW features a management fee (MER) of 0.45%, compared to 0.2% for XAW. Performance-wise, XMW has returned 7.95% year-to-date with -$21 M in net flows, whereas XAW is at 15.3% with +$440 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
XMW
XAW
| AuM | $175.35 M | $4,593.86 M |
| Management Fees | 0.45% | 0.20% |
| Exp. ratio | 0.48% | 0.22% |
| Tracking Difference | -0.52% | -0.23% |
Historical performance and flows
As of September 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XMW | -0.68% | +3.08% | +7.95% | +5.87% | +38.20% |
XAW | -0.97% | +2.16% | +15.30% | +19.01% | +75.40% | |
| Flows | XMW | +$0 M | -$6 M | -$21 M | -$44 M | -$43 M |
XAW | +$103 M | +$240 M | +$440 M | +$695 M | +$1,032 M |
XMW vs XAW exposure
Countries
XMW
USA
55.95%
Japan
9.99%
Other
34.06%
XAW
USA
62.99%
Other
37.01%
Sectors
XMW
Technology
23.71%
Finance
14.26%
Healthcare
13.81%
Consumer Non-Cyclicals
10.73%
Telecommunications
9.99%
Utilities
7.16%
Other
20.34%
XAW
Technology
34.50%
Finance
18.74%
Industrials
10.13%
Healthcare
8.51%
Consumer Non-Cyclicals
8.22%
Other
19.89%
As of September 11, 2026
Top 10 Holdings
XMW
Johnson & Johnson
1.56%
Cisco Systems, Inc.
1.43%
Duke Energy Corp.
1.21%
Motorola Solutions, Inc.
1.20%
Microsoft Corp.
1.17%
Cencora, Inc.
1.13%
KDDI Corp.
1.10%
Taiwan Semiconductor Manufacturing Co., Ltd.
1.10%
Berkshire Hathaway, Inc.
1.08%
The Southern Co.
1.08%
XAW
Apple, Inc.
4.46%
NVIDIA Corp.
4.30%
Microsoft Corp.
3.05%
Amazon.com, Inc.
2.10%
Alphabet, Inc.
1.78%
Broadcom Inc.
1.67%
Taiwan Semiconductor Manufacturing Co., Ltd.
1.62%
Alphabet, Inc.
1.44%
Meta Platforms, Inc.
1.08%
Micron Technology, Inc.
0.90%
Diversification
XMW
Total weight of top 10 holdings out of 379 total
12.06%
XAW
Total weight of top 10 holdings out of 8,085 total
22.39%
Characteristics
Compare
XMW
XAW
| Provider | iShares | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI ACWI Minimum Volatility Net Total Return Index - CAD | MSCI ACWI ex Canada IMI Net Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.41% | 1.21% |
| Meets ESG criteria | No | No |
| Inception Date | July 24, 2012 | February 10, 2015 |
Frequently asked questions about XMW and XAW
Which ETF has performed better year to date: XMW or XAW?
As of September 11, 2026, XMW has returned 7.95% year to date, while XAW has returned 15.30%. XAW is ahead on YTD performance.
Which ETF is larger by assets under management: XMW or XAW?
As of September 11, 2026, XMW manages $175.35 M in assets, while XAW manages $4.59 B. XAW is the larger fund by AUM.
How are XMW and XAW managed?
XMW is passively managed by iShares. It tracks the MSCI ACWI Minimum Volatility Net Total Return Index - CAD benchmark. XAW is passively managed by iShares. It tracks the MSCI ACWI ex Canada IMI Net Total Return Index - CAD benchmark.
What sectors do XMW and XAW emphasize?
XMW is most exposed to Technology, Finance, and Healthcare. XAW is most exposed to Technology, Finance, and Industrials.
Which ETF is attracting more investor flows: XMW or XAW?
Year to date, XMW has seen -$20.52 M in net flows, compared with +$440.31 M for XAW. XAW has attracted more net investor money so far.
How do the fees of XMW and XAW compare?
XMW has an expense ratio of 0.48%, while XAW has an expense ratio of 0.22%.
What are the top holdings of XMW and XAW?
XMW's largest holdings include Johnson & Johnson, Cisco Systems, Inc., and Duke Energy Corp.. XAW's top holdings include Apple, Inc., NVIDIA Corp., and Alphabet, Inc..
Which ETF is more diversified: XMW or XAW?
XMW holds 378 securities, while XAW holds 7986. On holdings count, XAW is the more diversified portfolio.
Recent articles about XMW and XAW
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