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ESIM vs. HAWX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ESIM vs. HAWX

Last updated Jul 17, 2026
Documentation

ESIM (Eventide International ETF) and HAWX (iShares Currency Hedged MSCI ACWI ex U.S. ETF) are both Foreign Large Cap Equities funds. ESIM is actively managed, while HAWX is passively managed. Their correlation of 0.88 suggests significant overlap in exposure. ESIM charges 0.59%/yr vs 0.35%/yr for HAWX.

Performance

ESIM vs. HAWX - Performance Comparison

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

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Returns By Period

The year-to-date returns for both stocks are quite close, with ESIM having a 15.32% return and HAWX slightly lower at 14.79%.

ESIM

1D
-1.29%
1M
-1.24%
6M
12.23%
YTD
15.32%
1Y
—
3Y*
—
5Y*
—
10Y*
—

HAWX

1D
-1.19%
1M
-1.60%
6M
9.28%
YTD
14.79%
1Y
30.66%
3Y*
20.40%
5Y*
12.76%
10Y*
11.74%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ESIM vs. HAWX - Yearly Performance Comparison

2026 (YTD)2025
ESIM
Eventide International ETF		15.32%1.26%
HAWX
iShares Currency Hedged MSCI ACWI ex U.S. ETF		14.79%1.81%

Correlation

The correlation between ESIM and HAWX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (All Time)
Calculated using the full available price history since Dec 17, 2025

0.88

ESIM vs. HAWX - Sectors Allocation Comparison

Sectors
ESIM
HAWX

Technology

26.8%
22.5%

Industrials

21.0%
14.2%

Financial Services

18.7%
23.2%

Healthcare

9.4%
6.8%

Utilities

7.0%
3.0%

Consumer Cyclical

6.7%
7.5%

Energy

4.5%
4.8%

Real Estate

3.7%
1.4%

Basic Materials

1.7%
6.9%

Communication Services

0.7%
4.9%

Consumer Defensive

-

4.8%

Technology

ESIM
26.8%
HAWX
22.5%

Industrials

ESIM
21.0%
HAWX
14.2%

Financial Services

ESIM
18.7%
HAWX
23.2%

Healthcare

ESIM
9.4%
HAWX
6.8%

Utilities

ESIM
7.0%
HAWX
3.0%

Consumer Cyclical

ESIM
6.7%
HAWX
7.5%

Energy

ESIM
4.5%
HAWX
4.8%

Real Estate

ESIM
3.7%
HAWX
1.4%

Basic Materials

ESIM
1.7%
HAWX
6.9%

Communication Services

ESIM
0.7%
HAWX
4.9%

Consumer Defensive

ESIM

-

HAWX
4.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Eventide International ETF

iShares Currency Hedged MSCI ACWI ex U.S. ETF

Often compared with ESIM:
ESIM vs. ESUMESIM vs. ESLGESIM vs. ESLVESIM vs. ELCVESIM vs. GMOIESIM vs. BKIEESIM vs. IDEV
Often compared with HAWX:
HAWX vs. HEFAHAWX vs. DBAWHAWX vs. FEDDXHAWX vs. BUFIXHAWX vs. DFWIXHAWX vs. IHDGHAWX vs. DFAIX

Return for Risk

ESIM vs. HAWX — Risk / Return Rank

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

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

HAWX
HAWX Risk / Return Rank: 8181
Overall Rank
HAWX Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
HAWX Sortino Ratio Rank: 7979
Sortino Ratio Rank
HAWX Omega Ratio Rank: 8383
Omega Ratio Rank
HAWX Calmar Ratio Rank: 8080
Calmar Ratio Rank
HAWX Martin Ratio Rank: 8383
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ESIM vs. HAWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eventide International ETF (ESIM) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

ESIMHAWXDifference
Sharpe ratioReturn per unit of total volatility

—

2.10

—

Sortino ratioReturn per unit of downside risk

—

2.81

—

Omega ratioGain probability vs. loss probability

—

1.39

—

Calmar ratioReturn relative to maximum drawdown

—

3.28

—

Martin ratioReturn relative to average drawdown

—

12.92

—

ESIM vs. HAWX - Sharpe Ratio Comparison

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Drawdowns

ESIM vs. HAWX - Drawdown Comparison

The maximum ESIM drawdown since its inception was -11.26%, smaller than the maximum HAWX drawdown of -30.63%. Use the drawdown chart below to compare losses from any high point for ESIM and HAWX.

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Drawdown Indicators

ESIMHAWXDifference

Max Drawdown

Largest peak-to-trough decline

-11.26%

-30.63%

+19.37%

Max Drawdown (1Y)

Largest decline over 1 year

—

-9.39%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-13.30%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-17.47%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-30.63%

—

Current Drawdown

Current decline from peak

-3.52%

-4.06%

+0.54%

Average Drawdown

Average peak-to-trough decline

-2.16%

-4.26%

+2.10%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

2.38%

—

Volatility

ESIM vs. HAWX - Volatility Comparison

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Volatility by Period

ESIMHAWXDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

5.20%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

12.97%

—

Volatility (1Y)

Calculated over the trailing 1-year period

17.36%

14.67%

+2.69%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.36%

13.65%

+3.71%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.36%

15.27%

+2.09%

ESIM vs. HAWX - Expense Ratio Comparison

ESIM has a 0.59% expense ratio, which is higher than HAWX's 0.35% expense ratio.

Dividends

ESIM vs. HAWX - Dividend Comparison

ESIM's dividend yield for the trailing twelve months is around 1.21%, less than HAWX's 2.52% yield.

PositionTTM20252024202320222021202020192018201720162015
ESIM
Eventide International ETF		1.21%0.03%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
HAWX
iShares Currency Hedged MSCI ACWI ex U.S. ETF		2.52%2.80%3.31%2.95%16.94%2.63%2.00%3.23%2.51%2.40%2.49%3.86%

Frequently Asked Questions

ESIM and HAWX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, HAWX is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

HAWX is cheaper with a 0.35% expense ratio, compared with 0.59% for ESIM.

HAWX has the higher dividend yield at 2.52%, compared with 1.21% for ESIM.

They also come from different issuers: Eventide and iShares. Their fees differ too: 0.59% for ESIM and 0.35% for HAWX.

Portfolio Optimizer

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