ACWV vs SHLD: Holdings Overlap
ACWViShares MSCI Global Min Vol Factor ETF
iShares · 412 holdings · $3.4B · as of 2026-05-31
Global X · 48 holdings · $7.6B · as of 2026-05-31
How similar are ACWV and SHLD?
iShares MSCI Global Min Vol Factor ETF (ACWV, by iShares) holds 412 positions; Global X Defense Tech ETF (SHLD, by Global X) holds 48. They have 6 holdings in common, and by portfolio weight the two funds are 1.5% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 6ACWV holds 412 · SHLD holds 48
- Weight in Shared Holdings
- ACWV 1%·SHLD 33%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in ACWV
406 of 412 positions (97.8% of the fund) are not held by SHLD. Showing the top 30 by weight.
Sector Breakdown
| Sector | ACWV | SHLD |
|---|---|---|
| Industrials | 6.8% | 82.5% |
| Information Technology | 24.2% | 8.0% |
| Financials | 12.9% | 0.0% |
| Health Care | 12.5% | 0.0% |
| Communication Services | 11.5% | 0.0% |
| Other Sectors | 26.3% | 0.0% |
| Unclassified | 5.1% | 9.1% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (5% of ACWV, 9% of SHLD).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| ACWV | +3.3% | +7.6% | +9.5% | +11.3% | +6.1% | +7.4% | 1.87% |
| SHLD | +8.2% | +6.9% | +11.2% | — | — | — | 0.61% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in ACWV vs SHLD →
Shared Holdings(6)
The top 6 shared positions account for 100% of the overlap, led by NOC, LMT and GD.
 NOCNorthrop Grumman Corporation COM | 0.61% | 4.23% | 0.61% |
|---|---|---|---|
 LMTLockheed Martin Corporation COM | 0.30% | 8.41% | 0.30% |
 GDGeneral Dynamics Corporation COM | 0.21% | 7.67% | 0.21% |
 RTXRTX Corp. COM | 0.14% | 7.76% | 0.14% |
 ASELSAselsan Elektronik Sanayi Ve Ticaret AS TRY1 (B SHARES) | 0.13% | 0.62% | 0.13% |
 LHXL3 Harris Technologies Inc COM | 0.08% | 4.69% | 0.08% |
Frequently Asked Questions
How much do ACWV and SHLD overlap?
ACWV and SHLD overlap by 1.5% of portfolio weight. They share 6 holdings (ACWV holds 412 positions and SHLD holds 48), based on each fund's latest SEC-reported holdings.
Is it redundant to own both ACWV and SHLD?
The two portfolios are 1.5% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of ACWV and SHLD?
The largest positions held by both funds are NOC, LMT, GD, RTX and ASELS. Together the top 6 shared positions account for 100% of the total overlap.
What does ACWV own that SHLD doesn't?
406 positions (97.8% of ACWV) are unique to ACWV, led by CSCO, JNJ and TSMWF. In the other direction, 42 positions (66.3% of SHLD) are unique to SHLD.