HAWX vs. BUFIX
Compare and contrast key facts about iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) and Buffalo International Fund (BUFIX).
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. BUFIX is managed by Buffalo. It was launched on Sep 27, 2007.
Performance
HAWX vs. BUFIX - Performance Comparison
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HAWX vs. BUFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF | 4.90% | 26.24% | 14.88% | 17.05% | -8.59% | 13.40% | 6.92% | 22.75% | -9.77% | 19.21% |
BUFIX Buffalo International Fund | -1.97% | 17.09% | -1.90% | 18.33% | -21.80% | 18.20% | 19.10% | 28.01% | -8.85% | 29.33% |
Returns By Period
In the year-to-date period, HAWX achieves a 4.90% return, which is significantly higher than BUFIX's -1.97% return. Over the past 10 years, HAWX has outperformed BUFIX with an annualized return of 11.38%, while BUFIX has yielded a comparatively lower 8.48% annualized return.
HAWX
- 1D
- 1.28%
- 1M
- -3.91%
- YTD
- 4.90%
- 6M
- 10.51%
- 1Y
- 27.48%
- 3Y*
- 18.39%
- 5Y*
- 11.23%
- 10Y*
- 11.38%
BUFIX
- 1D
- 2.99%
- 1M
- -8.69%
- YTD
- -1.97%
- 6M
- -1.97%
- 1Y
- 9.22%
- 3Y*
- 5.80%
- 5Y*
- 3.44%
- 10Y*
- 8.48%
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HAWX vs. BUFIX - Expense Ratio Comparison
HAWX has a 0.35% expense ratio, which is lower than BUFIX's 1.03% expense ratio.
Return for Risk
HAWX vs. BUFIX — Risk / Return Rank
HAWX
BUFIX
HAWX vs. BUFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) and Buffalo International Fund (BUFIX). 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.
| HAWX | BUFIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.82 | 0.51 | +1.31 |
Sortino ratioReturn per unit of downside risk | 2.43 | 0.83 | +1.60 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.11 | +0.26 |
Calmar ratioReturn relative to maximum drawdown | 2.47 | 0.62 | +1.85 |
Martin ratioReturn relative to average drawdown | 10.37 | 2.20 | +8.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HAWX | BUFIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.82 | 0.51 | +1.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.20 | +0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | 0.49 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.29 | +0.32 |
Correlation
The correlation between HAWX and BUFIX is 0.76, 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.
Dividends
HAWX vs. BUFIX - Dividend Comparison
HAWX's dividend yield for the trailing twelve months is around 2.67%, more than BUFIX's 0.87% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF | 2.67% | 2.80% | 3.31% | 2.95% | 16.94% | 2.63% | 2.00% | 3.23% | 2.51% | 2.40% | 2.49% | 3.86% |
BUFIX Buffalo International Fund | 0.87% | 0.85% | 0.84% | 0.59% | 1.85% | 1.20% | 0.28% | 0.57% | 2.42% | 0.36% | 0.00% | 0.51% |
Drawdowns
HAWX vs. BUFIX - Drawdown Comparison
The maximum HAWX drawdown since its inception was -30.63%, smaller than the maximum BUFIX drawdown of -55.09%. Use the drawdown chart below to compare losses from any high point for HAWX and BUFIX.
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Drawdown Indicators
| HAWX | BUFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.63% | -55.09% | +24.46% |
Max Drawdown (1Y)Largest decline over 1 year | -11.16% | -12.85% | +1.69% |
Max Drawdown (5Y)Largest decline over 5 years | -17.47% | -34.93% | +17.46% |
Max Drawdown (10Y)Largest decline over 10 years | -30.63% | -34.93% | +4.30% |
Current DrawdownCurrent decline from peak | -5.16% | -10.16% | +5.00% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -9.24% | +4.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 3.60% | -0.94% |
Volatility
HAWX vs. BUFIX - Volatility Comparison
The current volatility for iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) is 6.42%, while Buffalo International Fund (BUFIX) has a volatility of 8.50%. This indicates that HAWX experiences smaller price fluctuations and is considered to be less risky than BUFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HAWX | BUFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.42% | 8.50% | -2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 10.12% | 12.38% | -2.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.18% | 18.08% | -2.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.11% | 17.21% | -4.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.09% | 17.30% | -2.21% |