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iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAW...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US46435G8472

CUSIP

46435G847

Issuer

iShares

Inception Date

Jun 29, 2015

Region

Developed Markets (Broad)

Leveraged

1x

Index Tracked

MSCI ACWI ex USA 100% Hedged to USD

Asset Class

Equity

Asset Class Size

Large-Cap

Asset Class Style

Blend

Expense Ratio

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


Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart


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Returns By Period

iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) returned 7.11% year-to-date (YTD) and 9.86% over the past 12 months.


HAWX

YTD

7.11%

1M

8.56%

6M

7.91%

1Y

9.86%

5Y*

13.74%

10Y*

N/A

^GSPC (Benchmark)

YTD

0.60%

1M

9.64%

6M

-0.54%

1Y

11.47%

5Y*

15.67%

10Y*

10.79%

*Annualized

Monthly Returns

The table below presents the monthly returns of HAWX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20253.23%1.74%-1.15%-0.57%3.76%7.11%
20240.41%3.97%3.84%-0.63%2.85%0.57%0.95%1.00%1.68%-1.66%1.13%0.01%14.89%
20237.60%-1.57%1.33%1.86%-1.67%3.79%3.10%-2.80%-1.53%-2.57%5.97%3.00%17.05%
2022-2.06%-3.14%0.84%-2.78%0.78%-5.12%3.77%-2.31%-6.59%3.56%8.87%-3.74%-8.60%
20211.37%2.61%3.33%0.61%2.28%1.30%-1.61%1.78%-2.10%2.66%-2.96%3.63%13.41%
2020-2.31%-5.93%-13.40%6.61%4.52%3.53%1.15%3.44%-0.61%-2.32%10.67%3.58%6.92%
20197.03%2.45%1.68%3.39%-5.15%4.56%0.06%-1.71%2.97%1.57%2.05%2.30%22.75%
20182.23%-3.60%-0.83%2.28%-0.45%-0.82%2.98%-1.52%1.61%-6.83%0.72%-5.45%-9.77%
20171.40%1.62%2.86%1.22%2.14%-0.04%1.42%0.59%2.44%3.05%-0.35%1.42%19.21%
2016-7.00%-0.29%4.67%2.00%-3.78%5.63%1.15%1.30%0.41%0.40%3.09%7.16%
20150.08%-6.57%-4.81%7.97%1.06%-3.79%-6.56%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of HAWX is 70, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of HAWX is 7070
Overall Rank
The Sharpe Ratio Rank of HAWX is 6565
Sharpe Ratio Rank
The Sortino Ratio Rank of HAWX is 6565
Sortino Ratio Rank
The Omega Ratio Rank of HAWX is 6666
Omega Ratio Rank
The Calmar Ratio Rank of HAWX is 7575
Calmar Ratio Rank
The Martin Ratio Rank of HAWX is 7878
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

iShares Currency Hedged MSCI ACWI ex U.S. ETF Sharpe ratios as of May 16, 2025 (values are recalculated daily):

  • 1-Year: 0.66
  • 5-Year: 1.00
  • All Time: 0.54

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of iShares Currency Hedged MSCI ACWI ex U.S. ETF compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.


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Dividends

Dividend History

iShares Currency Hedged MSCI ACWI ex U.S. ETF provided a 3.09% dividend yield over the last twelve months, with an annual payout of $1.07 per share.


5.00%10.00%15.00%$0.00$1.00$2.00$3.00$4.002015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM2024202320222021202020192018201720162015
Dividend$1.07$1.07$0.86$4.32$0.86$0.59$0.91$0.59$0.65$0.58$0.86

Dividend yield

3.09%3.31%2.95%16.94%2.63%2.00%3.22%2.51%2.40%2.49%3.86%

Monthly Dividends

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.00$0.00$0.00$0.00$0.00
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.49$0.00$0.00$0.00$0.00$0.58$1.07
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.45$0.00$0.00$0.00$0.00$0.41$0.86
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.51$0.00$0.00$0.00$0.00$3.82$4.32
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.33$0.00$0.00$0.00$0.00$0.52$0.86
2020$0.00$0.00$0.00$0.00$0.00$0.00$0.32$0.00$0.00$0.00$0.00$0.27$0.59
2019$0.00$0.00$0.00$0.00$0.00$0.00$0.45$0.00$0.00$0.00$0.00$0.45$0.91
2018$0.00$0.00$0.00$0.00$0.00$0.00$0.38$0.00$0.00$0.00$0.00$0.21$0.59
2017$0.00$0.00$0.00$0.00$0.00$0.00$0.36$0.00$0.00$0.00$0.00$0.29$0.65
2016$0.00$0.00$0.00$0.00$0.00$0.38$0.00$0.00$0.00$0.00$0.19$0.58
2015$0.86$0.86

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.


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Worst Drawdowns

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 30.64%, occurring on Mar 16, 2020. Recovery took 171 trading sessions.

The current iShares Currency Hedged MSCI ACWI ex U.S. ETF drawdown is 0.03%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-30.64%Jan 21, 202039Mar 16, 2020171Nov 16, 2020210
-19.2%Jul 22, 201555Feb 9, 201677Jan 3, 2017132
-17.47%Nov 17, 2021227Oct 12, 2022167Jun 13, 2023394
-15.5%Jan 29, 2018215Dec 24, 201880Apr 23, 2019295
-13.3%Mar 20, 202514Apr 8, 202523May 12, 202537

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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