iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX)

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The chart shows the growth of an initial investment of $10,000 in iShares Currency Hedged MSCI ACWI ex U.S. ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) has returned 3.57% so far this year and 25.94% over the past 12 months. Over the last ten years, HAWX has returned 11.24% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Jul 1, 2015, HAWX's average daily return is +0.04%, while the average monthly return is +0.80%. At this rate, your investment would double in approximately 7.2 years.

Historically, 67% of months were positive and 33% were negative. The best month was Nov 2020 with a return of +10.7%, while the worst month was Mar 2020 at -13.4%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 3 months.

On a daily basis, HAWX closed higher 50% of trading days. The best single day was Mar 13, 2020 with a return of +7.9%, while the worst single day was Mar 16, 2020 at -11.0%.

iShares Currency Hedged MSCI ACWI ex U.S. ETF has an annualized alpha of 1.78%, beta of 0.67, and R² of 0.62 versus S&P 500 Index. Calculated based on daily prices since July 02, 2015.

• This ETF participated in 69.51% of S&P 500 Index downside but only 67.58% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.67 indicates this ETF moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

HAWX has an expense ratio of 0.35%, placing it in the medium range.

HAWX ranks 84 for risk / return — in the top 84% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) and compare them to a chosen benchmark (S&P 500 Index).

iShares Currency Hedged MSCI ACWI ex U.S. ETF provided a 2.71% dividend yield over the last twelve months, with an annual payout of $1.11 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for iShares Currency Hedged MSCI ACWI ex U.S. ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the iShares Currency Hedged MSCI ACWI ex U.S. ETF. 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 iShares Currency Hedged MSCI ACWI ex U.S. ETF was 30.63%, occurring on Mar 16, 2020. Recovery took 171 trading sessions.

The current iShares Currency Hedged MSCI ACWI ex U.S. ETF drawdown is 6.37%.

The chart below shows the rolling one-month volatility.