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.
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
Key characteristics
FEDDX:
-0.17
HAWX:
1.47
FEDDX:
-0.14
HAWX:
1.99
FEDDX:
0.98
HAWX:
1.27
FEDDX:
-0.16
HAWX:
1.72
FEDDX:
-0.51
HAWX:
7.82
FEDDX:
4.50%
HAWX:
2.02%
FEDDX:
13.57%
HAWX:
10.74%
FEDDX:
-42.95%
HAWX:
-30.64%
FEDDX:
-13.25%
HAWX:
-3.16%
Returns By Period
In the year-to-date period, FEDDX achieves a -6.33% return, which is significantly lower than HAWX's 13.72% return.
FEDDX
-6.33%
-4.82%
-7.40%
-3.27%
4.85%
5.37%
HAWX
13.72%
-0.08%
2.35%
14.61%
7.98%
N/A
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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 has not paid dividends to shareholders, while HAWX's dividend yield for the trailing twelve months is around 4.62%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEDDX Fidelity Emerging Markets Discovery Fund | 0.00% | 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 | 3.35% | 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) has a higher volatility of 5.14% compared to iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) at 2.46%. This indicates that FEDDX'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.