FEDDX vs. HAWX
Compare and contrast key facts about Fidelity Emerging Markets Discovery Fund (FEDDX) and iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX).
FEDDX is managed by Fidelity. It was launched on Nov 1, 2011. 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: FEDDX or HAWX.
Key characteristics
| FEDDX | HAWX | |
|---|---|---|
| YTD Return | 1.83% | 14.97% |
| 1Y Return | 10.77% | 22.06% |
| 3Y Return (Ann) | 1.00% | 6.96% |
| 5Y Return (Ann) | 7.31% | 8.72% |
| Sharpe Ratio | 0.77 | 2.07 |
| Sortino Ratio | 1.14 | 2.75 |
| Omega Ratio | 1.14 | 1.38 |
| Calmar Ratio | 1.03 | 2.41 |
| Martin Ratio | 3.17 | 11.72 |
| Ulcer Index | 3.15% | 1.88% |
| Daily Std Dev | 12.91% | 10.68% |
| Max Drawdown | -42.95% | -30.64% |
| Current Drawdown | -5.69% | -2.04% |
Correlation
The correlation between FEDDX and HAWX is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FEDDX vs. HAWX - Performance Comparison
In the year-to-date period, FEDDX achieves a 1.83% return, which is significantly lower than HAWX's 14.97% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FEDDX vs. HAWX - Expense Ratio Comparison
FEDDX has a 1.19% expense ratio, which is higher than HAWX's 0.35% expense ratio.
Risk-Adjusted Performance
FEDDX vs. HAWX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets Discovery Fund (FEDDX) 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
FEDDX vs. HAWX - Dividend Comparison
FEDDX's dividend yield for the trailing twelve months is around 2.01%, less than HAWX's 2.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEDDX Fidelity Emerging Markets Discovery Fund | 2.01% | 2.05% | 1.69% | 2.59% | 0.59% | 1.05% | 1.82% | 0.74% | 0.80% | 0.81% | 0.00% | 3.87% |
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF | 2.74% | 2.95% | 16.94% | 2.63% | 2.00% | 3.22% | 2.51% | 2.40% | 2.49% | 3.86% | 0.00% | 0.00% |
Drawdowns
FEDDX vs. HAWX - Drawdown Comparison
The maximum FEDDX drawdown since its inception was -42.95%, which is greater than HAWX's maximum drawdown of -30.64%. Use the drawdown chart below to compare losses from any high point for FEDDX and HAWX. For additional features, visit the drawdowns tool.
Volatility
FEDDX vs. HAWX - Volatility Comparison
Fidelity Emerging Markets Discovery Fund (FEDDX) and iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) have volatilities of 3.28% and 3.25%, 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.