DBAW vs. HAWX
Compare and contrast key facts about Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW) and iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX).
DBAW and HAWX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DBAW is a passively managed fund by Deutsche Bank that tracks the performance of the MSCI ACWI ex USA US Dollar Hedged Index. It was launched on Jan 23, 2014. HAWX is a passively managed fund by iShares that tracks the performance of the MSCI ACWI ex USA 100% Hedged to USD. It was launched on Jun 29, 2015. Both DBAW and HAWX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DBAW or HAWX.
Key characteristics
| DBAW | HAWX | |
|---|---|---|
| YTD Return | 9.10% | 8.99% |
| 1Y Return | 17.95% | 18.22% |
| 3Y Return (Ann) | 6.40% | 7.09% |
| 5Y Return (Ann) | 8.12% | 8.48% |
| Sharpe Ratio | 1.86 | 1.87 |
| Daily Std Dev | 9.58% | 9.76% |
| Max Drawdown | -31.44% | -30.64% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between DBAW and HAWX is 0.84, 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.
Performance
DBAW vs. HAWX - Performance Comparison
The year-to-date returns for both stocks are quite close, with DBAW having a 9.10% return and HAWX slightly lower at 8.99%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
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.
Dividends
DBAW vs. HAWX - Dividend Comparison
DBAW's dividend yield for the trailing twelve months is around 3.17%, more than HAWX's 2.71% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF | 3.17% | 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 | 2.71% | 2.95% | 16.94% | 2.63% | 2.00% | 3.23% | 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.
Volatility
DBAW vs. HAWX - Volatility Comparison
Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW) and iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) have volatilities of 2.88% and 2.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.