DFWIX vs. HAWX
Compare and contrast key facts about DFA World ex U.S. Core Equity Portfolio (DFWIX) and iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX).
DFWIX is managed by Dimensional Fund Advisors LP. It was launched on Apr 9, 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: DFWIX or HAWX.
Correlation
The correlation between DFWIX and HAWX is 0.78, 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
DFWIX vs. HAWX - Performance Comparison
Key characteristics
DFWIX:
0.51
HAWX:
1.47
DFWIX:
0.77
HAWX:
1.99
DFWIX:
1.09
HAWX:
1.27
DFWIX:
0.65
HAWX:
1.72
DFWIX:
1.99
HAWX:
7.82
DFWIX:
3.06%
HAWX:
2.02%
DFWIX:
11.87%
HAWX:
10.74%
DFWIX:
-41.80%
HAWX:
-30.64%
DFWIX:
-9.15%
HAWX:
-3.16%
Returns By Period
In the year-to-date period, DFWIX achieves a 2.94% return, which is significantly lower than HAWX's 13.72% return.
DFWIX
2.94%
-2.33%
-1.61%
4.48%
5.10%
5.32%
HAWX
13.72%
-0.08%
2.35%
14.61%
7.98%
N/A
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DFWIX vs. HAWX - Expense Ratio Comparison
DFWIX has a 0.31% expense ratio, which is lower than HAWX's 0.35% expense ratio.
Risk-Adjusted Performance
DFWIX vs. HAWX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA World ex U.S. Core Equity Portfolio (DFWIX) 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
DFWIX vs. HAWX - Dividend Comparison
DFWIX's dividend yield for the trailing twelve months is around 2.25%, less than HAWX's 4.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFWIX DFA World ex U.S. Core Equity Portfolio | 2.25% | 3.36% | 3.11% | 2.88% | 1.81% | 2.36% | 2.97% | 2.36% | 2.59% | 2.31% | 2.41% | 2.19% |
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF | 4.62% | 2.95% | 16.94% | 2.63% | 2.00% | 3.22% | 2.51% | 2.40% | 2.49% | 3.86% | 0.00% | 0.00% |
Drawdowns
DFWIX vs. HAWX - Drawdown Comparison
The maximum DFWIX drawdown since its inception was -41.80%, which is greater than HAWX's maximum drawdown of -30.64%. Use the drawdown chart below to compare losses from any high point for DFWIX and HAWX. For additional features, visit the drawdowns tool.
Volatility
DFWIX vs. HAWX - Volatility Comparison
DFA World ex U.S. Core Equity Portfolio (DFWIX) has a higher volatility of 3.16% compared to iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) at 2.46%. This indicates that DFWIX'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.