International Currency Hedged
Asset Allocation
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in International Currency Hedged, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced every 3 months.
The earliest data available for this chart is Dec 12, 2018, corresponding to the inception date of EMVL.L
Returns By Period
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | -10.18% | -6.71% | -9.92% | 6.35% | 13.40% | 9.65% |
| International Currency Hedged | 0.89% | -1.90% | 0.85% | 12.78% | 11.57% | N/A |
| Portfolio components: | ||||||
HEWJ iShares Currency Hedged MSCI Japan ETF | -6.99% | -8.37% | -3.98% | 0.87% | 17.08% | 7.98% |
FGQD.L Fidelity Global Quality Income ETF | -4.98% | -5.38% | -8.61% | 4.82% | 11.92% | N/A |
EMVL.L iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) | -0.79% | -6.74% | -4.51% | 9.57% | 9.84% | N/A |
HEZU iShares Currency Hedged MSCI Eurozone ETF | 2.99% | -8.28% | 1.20% | 6.63% | 14.86% | 7.17% |
UUP Invesco DB US Dollar Index Bullish Fund | -7.21% | -3.91% | -1.72% | -1.27% | 2.42% | 2.05% |
IAU iShares Gold Trust | 26.50% | 9.04% | 21.92% | 38.75% | 13.71% | 10.59% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 0.28% | -1.50% | 0.30% | 8.56% | 4.71% | 3.75% |
VTI Vanguard Total Stock Market ETF | -10.40% | -6.85% | -9.83% | 6.93% | 14.28% | 10.90% |
Monthly Returns
The table below presents the monthly returns of International Currency Hedged, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 3.22% | -0.07% | -0.32% | -1.88% | 0.89% | ||||||||
| 2024 | 0.90% | 2.55% | 4.01% | -0.65% | 2.33% | 1.59% | 1.99% | 1.19% | 2.26% | 1.15% | 2.13% | -1.12% | 19.82% |
| 2023 | 4.68% | -2.02% | 2.93% | 0.93% | -0.03% | 2.58% | 2.27% | -0.89% | -2.74% | 0.57% | 4.66% | 2.78% | 16.53% |
| 2022 | -2.94% | 0.44% | 1.97% | -3.48% | -1.02% | -4.00% | 3.80% | -2.16% | -4.50% | 3.15% | 4.68% | -2.10% | -6.52% |
| 2021 | -0.74% | 0.07% | 2.49% | 2.50% | 2.24% | -0.63% | 1.15% | 1.31% | -2.37% | 2.94% | -0.71% | 3.03% | 11.68% |
| 2020 | 0.90% | -4.14% | -6.44% | 7.49% | 3.06% | 1.83% | 4.35% | 2.92% | -2.30% | -1.29% | 4.30% | 3.66% | 14.33% |
| 2019 | 4.88% | 1.85% | 0.62% | 1.75% | -2.60% | 5.10% | 1.17% | 0.87% | 0.66% | 1.37% | 1.08% | 2.19% | 20.42% |
| 2018 | -2.03% | -2.03% |
Expense Ratio
International Currency Hedged has an expense ratio of 0.33%, placing it in the medium range. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 90, International Currency Hedged is among the top 10% of portfolios on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
HEWJ iShares Currency Hedged MSCI Japan ETF | 0.00 | 0.17 | 1.02 | 0.00 | 0.00 |
FGQD.L Fidelity Global Quality Income ETF | 0.25 | 0.45 | 1.06 | 0.25 | 1.18 |
EMVL.L iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) | 0.39 | 0.66 | 1.09 | 0.46 | 1.32 |
HEZU iShares Currency Hedged MSCI Eurozone ETF | 0.30 | 0.54 | 1.07 | 0.36 | 1.41 |
UUP Invesco DB US Dollar Index Bullish Fund | -0.11 | -0.10 | 0.99 | -0.09 | -0.31 |
IAU iShares Gold Trust | 2.62 | 3.45 | 1.46 | 5.16 | 13.97 |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 1.43 | 2.11 | 1.31 | 1.75 | 9.77 |
VTI Vanguard Total Stock Market ETF | 0.26 | 0.51 | 1.08 | 0.27 | 1.17 |
Dividends
Dividend yield
International Currency Hedged provided a 2.15% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.15% | 1.99% | 2.47% | 3.05% | 0.98% | 1.08% | 1.70% | 1.56% | 1.06% | 0.96% | 1.04% | 0.90% |
| Portfolio components: | ||||||||||||
HEWJ iShares Currency Hedged MSCI Japan ETF | 2.37% | 2.20% | 2.03% | 47.67% | 2.03% | 1.20% | 2.78% | 1.37% | 1.21% | 1.88% | 3.25% | 2.15% |
FGQD.L Fidelity Global Quality Income ETF | 2.58% | 2.31% | 2.78% | 2.69% | 2.46% | 2.60% | 2.44% | 2.70% | 1.56% | 0.00% | 0.00% | 0.00% |
EMVL.L iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HEZU iShares Currency Hedged MSCI Eurozone ETF | 2.69% | 2.77% | 2.52% | 23.25% | 2.25% | 2.32% | 5.40% | 3.47% | 1.92% | 3.11% | 2.68% | 1.15% |
UUP Invesco DB US Dollar Index Bullish Fund | 4.82% | 4.48% | 6.45% | 0.89% | 0.00% | 0.00% | 2.03% | 1.08% | 0.10% | 0.00% | 0.00% | 0.00% |
IAU iShares Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.95% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% |
VTI Vanguard Total Stock Market ETF | 1.45% | 1.27% | 1.44% | 1.66% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% | 1.76% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the International Currency Hedged. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the International Currency Hedged was 18.14%, occurring on Mar 23, 2020. Recovery took 80 trading sessions.
The current International Currency Hedged drawdown is 4.14%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.14% | Feb 20, 2020 | 23 | Mar 23, 2020 | 80 | Jul 15, 2020 | 103 |
| -11.79% | Nov 17, 2021 | 237 | Oct 14, 2022 | 163 | Jun 2, 2023 | 400 |
| -8.76% | Feb 20, 2025 | 34 | Apr 8, 2025 | — | — | — |
| -5.32% | Jul 17, 2024 | 14 | Aug 5, 2024 | 29 | Sep 13, 2024 | 43 |
| -4.78% | Sep 3, 2020 | 16 | Sep 24, 2020 | 34 | Nov 11, 2020 | 50 |
Volatility
Volatility Chart
The current International Currency Hedged volatility is 6.40%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Diversification
Asset Correlations Table
| IAU | UUP | HEWJ | EMVL.L | HYG | FGQD.L | HEZU | VTI | |
|---|---|---|---|---|---|---|---|---|
| IAU | 1.00 | -0.44 | -0.02 | 0.19 | 0.20 | 0.15 | 0.04 | 0.09 |
| UUP | -0.44 | 1.00 | -0.09 | -0.33 | -0.35 | -0.39 | -0.20 | -0.26 |
| HEWJ | -0.02 | -0.09 | 1.00 | 0.44 | 0.50 | 0.49 | 0.69 | 0.69 |
| EMVL.L | 0.19 | -0.33 | 0.44 | 1.00 | 0.41 | 0.62 | 0.50 | 0.46 |
| HYG | 0.20 | -0.35 | 0.50 | 0.41 | 1.00 | 0.51 | 0.63 | 0.75 |
| FGQD.L | 0.15 | -0.39 | 0.49 | 0.62 | 0.51 | 1.00 | 0.59 | 0.61 |
| HEZU | 0.04 | -0.20 | 0.69 | 0.50 | 0.63 | 0.59 | 1.00 | 0.77 |
| VTI | 0.09 | -0.26 | 0.69 | 0.46 | 0.75 | 0.61 | 0.77 | 1.00 |