BGCG vs. HAWX
BGCG (Baillie Gifford International Concentrated Growth ETF) and HAWX (iShares Currency Hedged MSCI ACWI ex U.S. ETF) are both Foreign Large Cap Equities funds. BGCG is actively managed, while HAWX is passively managed. A 0.63 correlation means they provide meaningful diversification when combined. BGCG charges 0.72%/yr vs 0.35%/yr for HAWX.
Performance
BGCG vs. HAWX - Performance Comparison
Loading charts...
Returns By Period
BGCG
- 1D
- 0.30%
- 1M
- 2.12%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HAWX
- 1D
- -0.15%
- 1M
- 0.21%
- 6M
- 14.66%
- YTD
- 16.32%
- 1Y
- 33.06%
- 3Y*
- 20.74%
- 5Y*
- 12.80%
- 10Y*
- 12.51%
BGCG vs. HAWX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BGCG Baillie Gifford International Concentrated Growth ETF | 0.01% |
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF | 1.26% |
Correlation
The correlation between BGCG and HAWX is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 1, 2026 | 0.63 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BGCG vs. HAWX — Risk / Return Rank
BGCG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HAWX
BGCG vs. HAWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baillie Gifford International Concentrated Growth ETF (BGCG) and iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BGCG | HAWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.44 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.59 | — |
| Martin ratioReturn relative to average drawdown | — | 14.56 | — |
Loading charts...
Drawdowns
BGCG vs. HAWX - Drawdown Comparison
The maximum BGCG drawdown since its inception was -5.68%, smaller than the maximum HAWX drawdown of -30.63%. Use the drawdown chart below to compare losses from any high point for BGCG and HAWX.
Loading charts...
Drawdown Indicators
| BGCG | HAWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.68% | -30.63% | +24.95% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.39% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.30% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.47% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.63% | — |
Current DrawdownCurrent decline from peak | -0.34% | -2.79% | +2.45% |
Average DrawdownAverage peak-to-trough decline | -2.43% | -4.27% | +1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.31% | — |
Volatility
BGCG vs. HAWX - Volatility Comparison
Loading charts...
Volatility by Period
| BGCG | HAWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.69% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.74% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.54% | 14.35% | +13.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.54% | 13.62% | +13.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.54% | 15.28% | +12.26% |
BGCG vs. HAWX - Expense Ratio Comparison
BGCG has a 0.72% expense ratio, which is higher than HAWX's 0.35% expense ratio.
Dividends
BGCG vs. HAWX - Dividend Comparison
BGCG has not paid dividends to shareholders, while HAWX's dividend yield for the trailing twelve months is around 2.49%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGCG Baillie Gifford International Concentrated Growth ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF | 2.49% | 2.80% | 3.31% | 2.95% | 16.94% | 2.63% | 2.00% | 3.23% | 2.51% | 2.40% | 2.49% | 3.86% |
Frequently Asked Questions
BGCG and HAWX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HAWX is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HAWX is cheaper with a 0.35% expense ratio, compared with 0.72% for BGCG.
HAWX has the higher dividend yield at 2.49%, compared with 0.00% for BGCG.
They also come from different issuers: Baillie Gifford and iShares. Their fees differ too: 0.72% for BGCG and 0.35% for HAWX.
Find the right allocation for BGCG and HAWX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer