iShares Currency Hedged MSCI Canada ETF (HEWC)
HEWC is a passive ETF by iShares tracking the investment results of the MSCI Canada 100% Hedged to USD Index. HEWC launched on Jun 29, 2015 and has a 0.52% expense ratio.
ETF Info
| ISIN | US46435G7060 |
|---|---|
| CUSIP | 46435G706 |
| Issuer | iShares |
| Inception Date | Jun 29, 2015 |
| Region | North America (Canada) |
| Category | Large Cap Blend Equities |
| Index Tracked | MSCI Canada 100% Hedged to USD Index |
| Home Page | www.ishares.com |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
The iShares Currency Hedged MSCI Canada ETF has a high expense ratio of 0.52%, indicating higher-than-average management fees.
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.
Popular comparisons: HEWC vs. SCHD, HEWC vs. EWC, HEWC vs. VYMI, HEWC vs. FLCA, HEWC vs. VOO
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in iShares Currency Hedged MSCI Canada ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | N/A | 5.06% |
| 1 month | N/A | -3.23% |
| 6 months | N/A | 17.14% |
| 1 year | N/A | 20.62% |
| 5 years (annualized) | N/A | 11.54% |
| 10 years (annualized) | N/A | 10.37% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | -3.09% | -2.78% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for iShares Currency Hedged MSCI Canada ETF (HEWC) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
iShares Currency Hedged MSCI Canada ETF granted a 1.47% dividend yield in the last twelve months. The annual payout for that period amounted to $0.42 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.42 | $2.29 | $0.61 | $1.43 | $0.89 | $0.86 | $0.06 | $0.46 | $0.98 |
Dividend yield | 1.47% | 7.94% | 1.85% | 5.27% | 3.30% | 3.77% | 0.22% | 1.83% | 4.65% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares Currency Hedged MSCI Canada ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.07 | ||
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.00 | $0.00 | $2.05 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.00 | $0.00 | $0.44 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.09 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.00 | $0.00 | $0.66 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.00 | $0.00 | $0.79 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 |
| 2015 | $0.98 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the iShares Currency Hedged MSCI Canada 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 Canada ETF was 34.95%, occurring on Mar 23, 2020. Recovery took 173 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -34.95% | Feb 21, 2020 | 22 | Mar 23, 2020 | 173 | Nov 25, 2020 | 195 |
| -17.65% | Sep 8, 2015 | 32 | Feb 11, 2016 | 43 | Jul 15, 2016 | 75 |
| -16.72% | Jul 19, 2018 | 94 | Dec 24, 2018 | 56 | Mar 18, 2019 | 150 |
| -16.25% | Mar 23, 2022 | 141 | Oct 12, 2022 | — | — | — |
| -9.08% | Jan 24, 2018 | 11 | Feb 9, 2018 | 57 | Jun 20, 2018 | 68 |
Volatility
Volatility Chart
The current iShares Currency Hedged MSCI Canada ETF volatility is 2.50%, 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.