DFAIX vs. HAWX
Compare and contrast key facts about DFA Short-Duration Real Return Portfolio (DFAIX) and iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX).
DFAIX is managed by Dimensional. It was launched on Nov 5, 2013. 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.
Performance
DFAIX vs. HAWX - Performance Comparison
Loading graphics...
DFAIX vs. HAWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DFAIX DFA Short-Duration Real Return Portfolio | 0.86% | 4.86% | 6.38% | 5.64% | -2.77% | 5.40% | 2.75% | 5.63% | 0.11% | 1.71% |
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF | 4.90% | 26.24% | 14.88% | 17.05% | -8.59% | 13.40% | 6.92% | 22.75% | -9.77% | 19.21% |
Returns By Period
In the year-to-date period, DFAIX achieves a 0.86% return, which is significantly lower than HAWX's 4.90% return. Over the past 10 years, DFAIX has underperformed HAWX with an annualized return of 3.20%, while HAWX has yielded a comparatively higher 11.38% annualized return.
DFAIX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.86%
- 6M
- 1.22%
- 1Y
- 3.68%
- 3Y*
- 5.27%
- 5Y*
- 3.80%
- 10Y*
- 3.20%
HAWX
- 1D
- 1.28%
- 1M
- -3.91%
- YTD
- 4.90%
- 6M
- 10.51%
- 1Y
- 27.48%
- 3Y*
- 18.39%
- 5Y*
- 11.23%
- 10Y*
- 11.38%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
DFAIX vs. HAWX - Expense Ratio Comparison
DFAIX has a 0.22% expense ratio, which is lower than HAWX's 0.35% expense ratio.
Return for Risk
DFAIX vs. HAWX — Risk / Return Rank
DFAIX
HAWX
DFAIX vs. HAWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Short-Duration Real Return Portfolio (DFAIX) 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.
| DFAIX | HAWX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.49 | 1.82 | +1.67 |
Sortino ratioReturn per unit of downside risk | 5.81 | 2.43 | +3.38 |
Omega ratioGain probability vs. loss probability | 2.05 | 1.38 | +0.67 |
Calmar ratioReturn relative to maximum drawdown | 8.23 | 2.47 | +5.76 |
Martin ratioReturn relative to average drawdown | 32.03 | 10.37 | +21.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| DFAIX | HAWX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.49 | 1.82 | +1.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.20 | 0.86 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.26 | 0.76 | +0.50 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 0.61 | +0.47 |
Correlation
The correlation between DFAIX and HAWX is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
DFAIX vs. HAWX - Dividend Comparison
DFAIX's dividend yield for the trailing twelve months is around 4.61%, more than HAWX's 2.67% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFAIX DFA Short-Duration Real Return Portfolio | 4.61% | 4.65% | 4.14% | 3.66% | 1.68% | 0.98% | 0.82% | 2.53% | 2.72% | 1.71% | 1.41% | 1.29% |
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF | 2.67% | 2.80% | 3.31% | 2.95% | 16.94% | 2.63% | 2.00% | 3.23% | 2.51% | 2.40% | 2.49% | 3.86% |
Drawdowns
DFAIX vs. HAWX - Drawdown Comparison
The maximum DFAIX drawdown since its inception was -5.63%, smaller than the maximum HAWX drawdown of -30.63%. Use the drawdown chart below to compare losses from any high point for DFAIX and HAWX.
Loading graphics...
Drawdown Indicators
| DFAIX | HAWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.63% | -30.63% | +25.00% |
Max Drawdown (1Y)Largest decline over 1 year | -0.47% | -11.16% | +10.69% |
Max Drawdown (5Y)Largest decline over 5 years | -5.46% | -17.47% | +12.01% |
Max Drawdown (10Y)Largest decline over 10 years | -5.63% | -30.63% | +25.00% |
Current DrawdownCurrent decline from peak | -0.28% | -5.16% | +4.88% |
Average DrawdownAverage peak-to-trough decline | -0.95% | -4.33% | +3.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.12% | 2.66% | -2.54% |
Volatility
DFAIX vs. HAWX - Volatility Comparison
The current volatility for DFA Short-Duration Real Return Portfolio (DFAIX) is 0.49%, while iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) has a volatility of 6.42%. This indicates that DFAIX experiences smaller price fluctuations and is considered to be less risky than HAWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| DFAIX | HAWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 6.42% | -5.93% |
Volatility (6M)Calculated over the trailing 6-month period | 0.75% | 10.12% | -9.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.07% | 15.18% | -14.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.18% | 13.11% | -9.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.56% | 15.09% | -12.53% |