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 Fund Advisors LP. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DFAIX or HAWX.
Key characteristics
| DFAIX | HAWX | |
|---|---|---|
| YTD Return | 2.83% | 12.01% |
| 1Y Return | 6.62% | 20.18% |
| 3Y Return (Ann) | 2.80% | 7.82% |
| 5Y Return (Ann) | 3.23% | 9.91% |
| Sharpe Ratio | 5.77 | 1.98 |
| Daily Std Dev | 1.13% | 9.65% |
| Max Drawdown | -5.63% | -30.64% |
| Current Drawdown | 0.00% | 0.00% |
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.
Performance
DFAIX vs. HAWX - Performance Comparison
In the year-to-date period, DFAIX achieves a 2.83% return, which is significantly lower than HAWX's 12.01% return. 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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DFAIX vs. HAWX - Expense Ratio Comparison
DFAIX has a 0.22% expense ratio, which is lower than HAWX's 0.35% expense ratio.
Risk-Adjusted Performance
DFAIX vs. HAWX - Risk-Adjusted Performance 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.
Dividends
DFAIX vs. HAWX - Dividend Comparison
DFAIX's dividend yield for the trailing twelve months is around 3.56%, more than HAWX's 2.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFAIX DFA Short-Duration Real Return Portfolio | 3.56% | 3.66% | 1.68% | 0.98% | 0.82% | 2.53% | 2.72% | 1.71% | 1.41% | 1.29% | 0.88% | 0.20% |
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF | 2.64% | 2.95% | 16.94% | 2.63% | 2.00% | 3.23% | 2.51% | 2.40% | 2.49% | 3.86% | 0.00% | 0.00% |
Drawdowns
DFAIX vs. HAWX - Drawdown Comparison
The maximum DFAIX drawdown since its inception was -5.63%, smaller than the maximum HAWX drawdown of -30.64%. Use the drawdown chart below to compare losses from any high point for DFAIX and HAWX. For additional features, visit the drawdowns tool.
Volatility
DFAIX vs. HAWX - Volatility Comparison
The current volatility for DFA Short-Duration Real Return Portfolio (DFAIX) is 0.18%, while iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) has a volatility of 2.13%. 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.