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DBAW vs. HAWX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between DBAW and HAWX is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.0
Correlation: 0.7

Performance

DBAW vs. HAWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW) and iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX). The values are adjusted to include any dividend payments, if applicable.

70.00%80.00%90.00%100.00%110.00%NovemberDecember2025FebruaryMarchApril
93.41%
101.82%
DBAW
HAWX

Key characteristics

Sharpe Ratio

DBAW:

0.57

HAWX:

0.64

Sortino Ratio

DBAW:

0.88

HAWX:

0.95

Omega Ratio

DBAW:

1.13

HAWX:

1.14

Calmar Ratio

DBAW:

0.66

HAWX:

0.72

Martin Ratio

DBAW:

2.87

HAWX:

3.16

Ulcer Index

DBAW:

3.22%

HAWX:

3.02%

Daily Std Dev

DBAW:

16.20%

HAWX:

14.82%

Max Drawdown

DBAW:

-31.44%

HAWX:

-30.64%

Current Drawdown

DBAW:

-4.25%

HAWX:

-4.00%

Returns By Period

In the year-to-date period, DBAW achieves a 2.74% return, which is significantly higher than HAWX's 2.43% return.


DBAW

YTD

2.74%

1M

-3.22%

6M

1.28%

1Y

8.34%

5Y*

12.11%

10Y*

6.52%

HAWX

YTD

2.43%

1M

-3.18%

6M

2.20%

1Y

8.67%

5Y*

12.54%

10Y*

N/A

*Annualized

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DBAW vs. HAWX - Expense Ratio Comparison

DBAW has a 0.41% expense ratio, which is higher than HAWX's 0.35% expense ratio.


Expense ratio chart for DBAW: current value is 0.41%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
DBAW: 0.41%
Expense ratio chart for HAWX: current value is 0.35%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
HAWX: 0.35%

Risk-Adjusted Performance

DBAW vs. HAWX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DBAW
The Risk-Adjusted Performance Rank of DBAW is 6767
Overall Rank
The Sharpe Ratio Rank of DBAW is 6363
Sharpe Ratio Rank
The Sortino Ratio Rank of DBAW is 6262
Sortino Ratio Rank
The Omega Ratio Rank of DBAW is 6464
Omega Ratio Rank
The Calmar Ratio Rank of DBAW is 7373
Calmar Ratio Rank
The Martin Ratio Rank of DBAW is 7272
Martin Ratio Rank

HAWX
The Risk-Adjusted Performance Rank of HAWX is 7070
Overall Rank
The Sharpe Ratio Rank of HAWX is 6868
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 7676
Calmar Ratio Rank
The Martin Ratio Rank of HAWX is 7575
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.

DBAW vs. HAWX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW) 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.


The chart of Sharpe ratio for DBAW, currently valued at 0.57, compared to the broader market-1.000.001.002.003.004.00
DBAW: 0.57
HAWX: 0.64
The chart of Sortino ratio for DBAW, currently valued at 0.88, compared to the broader market-2.000.002.004.006.008.00
DBAW: 0.88
HAWX: 0.95
The chart of Omega ratio for DBAW, currently valued at 1.13, compared to the broader market0.501.001.502.00
DBAW: 1.13
HAWX: 1.14
The chart of Calmar ratio for DBAW, currently valued at 0.66, compared to the broader market0.002.004.006.008.0010.0012.00
DBAW: 0.66
HAWX: 0.72
The chart of Martin ratio for DBAW, currently valued at 2.87, compared to the broader market0.0020.0040.0060.00
DBAW: 2.87
HAWX: 3.16

The current DBAW Sharpe Ratio is 0.57, which is comparable to the HAWX Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of DBAW and HAWX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50NovemberDecember2025FebruaryMarchApril
0.57
0.64
DBAW
HAWX

Dividends

DBAW vs. HAWX - Dividend Comparison

DBAW's dividend yield for the trailing twelve months is around 1.65%, less than HAWX's 3.23% yield.


TTM20242023202220212020201920182017201620152014
DBAW
Xtrackers MSCI All World ex US Hedged Equity ETF
1.65%1.70%3.45%13.44%2.05%2.08%2.91%2.93%2.41%1.99%5.74%7.59%
HAWX
iShares Currency Hedged MSCI ACWI ex U.S. ETF
3.23%3.31%2.95%16.94%2.63%2.00%3.22%2.51%2.40%2.49%3.86%0.00%

Drawdowns

DBAW vs. HAWX - Drawdown Comparison

The maximum DBAW drawdown since its inception was -31.44%, roughly equal to the maximum HAWX drawdown of -30.64%. Use the drawdown chart below to compare losses from any high point for DBAW and HAWX. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-4.25%
-4.00%
DBAW
HAWX

Volatility

DBAW vs. HAWX - Volatility Comparison

Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW) has a higher volatility of 11.75% compared to iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) at 10.16%. This indicates that DBAW's price experiences larger fluctuations and is considered to be riskier than HAWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%NovemberDecember2025FebruaryMarchApril
11.75%
10.16%
DBAW
HAWX