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HAWX vs. BUFIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

HAWX vs. BUFIX

Last updated May 16, 2025

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.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HAWX or BUFIX.

Correlation

The correlation between HAWX and BUFIX is 0.72, 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

HAWX vs. BUFIX - Performance Comparison

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

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Key characteristics

Sharpe Ratio

HAWX:

0.66

BUFIX:

0.25

Sortino Ratio

HAWX:

1.07

BUFIX:

0.64

Omega Ratio

HAWX:

1.15

BUFIX:

1.08

Calmar Ratio

HAWX:

0.82

BUFIX:

0.35

Martin Ratio

HAWX:

3.56

BUFIX:

1.12

Ulcer Index

HAWX:

3.07%

BUFIX:

5.50%

Daily Std Dev

HAWX:

15.00%

BUFIX:

17.37%

Max Drawdown

HAWX:

-30.64%

BUFIX:

-55.11%

Current Drawdown

HAWX:

-0.03%

BUFIX:

-2.51%

Returns By Period

In the year-to-date period, HAWX achieves a 7.11% return, which is significantly lower than BUFIX's 12.68% return.

HAWX

YTD

7.11%

1M

8.56%

6M

7.91%

1Y

9.86%

5Y*

13.74%

10Y*

N/A

BUFIX

YTD

12.68%

1M

7.11%

6M

9.92%

1Y

4.23%

5Y*

10.47%

10Y*

7.00%

*Annualized

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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.

BUFIX
Buffalo International Fund
HAWX
iShares Currency Hedged MSCI ACWI ex U.S. ETF

Risk-Adjusted Performance

HAWX vs. BUFIX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HAWX
The Risk-Adjusted Performance Rank of HAWX is 7070
Overall Rank
The Sharpe Ratio Rank of HAWX is 6565
Sharpe Ratio Rank
The Sortino Ratio Rank of HAWX is 6565
Sortino Ratio Rank
The Omega Ratio Rank of HAWX is 6666
Omega Ratio Rank
The Calmar Ratio Rank of HAWX is 7575
Calmar Ratio Rank
The Martin Ratio Rank of HAWX is 7878
Martin Ratio Rank
BUFIX
The Risk-Adjusted Performance Rank of BUFIX is 4040
Overall Rank
The Sharpe Ratio Rank of BUFIX is 3535
Sharpe Ratio Rank
The Sortino Ratio Rank of BUFIX is 4141
Sortino Ratio Rank
The Omega Ratio Rank of BUFIX is 3737
Omega Ratio Rank
The Calmar Ratio Rank of BUFIX is 4646
Calmar Ratio Rank
The Martin Ratio Rank of BUFIX is 4040
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

HAWX vs. BUFIX - Risk-Adjusted Performance 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.

The current HAWX Sharpe Ratio is 0.66, which is higher than the BUFIX Sharpe Ratio of 0.25. The chart below compares the historical Sharpe Ratios of HAWX and BUFIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

HAWX vs. BUFIX - Dividend Comparison

HAWX's dividend yield for the trailing twelve months is around 3.09%, more than BUFIX's 0.75% yield.

TTM20242023202220212020201920182017201620152014
HAWX
iShares Currency Hedged MSCI ACWI ex U.S. ETF		3.09%3.31%2.95%16.94%2.63%2.00%3.22%2.51%2.40%2.49%3.86%0.00%
BUFIX
Buffalo International Fund		0.75%0.85%0.59%0.46%0.08%0.27%0.57%0.58%0.30%1.04%0.51%0.53%

Drawdowns

HAWX vs. BUFIX - Drawdown Comparison

The maximum HAWX drawdown since its inception was -30.64%, smaller than the maximum BUFIX drawdown of -55.11%. Use the drawdown chart below to compare losses from any high point for HAWX and BUFIX. For additional features, visit the drawdowns tool.

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Volatility

HAWX vs. BUFIX - Volatility Comparison

iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) has a higher volatility of 4.36% compared to Buffalo International Fund (BUFIX) at 3.59%. This indicates that HAWX's price experiences larger fluctuations and is considered to be riskier than BUFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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