HAWX vs. DBAW
Compare and contrast key facts about iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) and Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW).
HAWX and DBAW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. DBAW is a passively managed fund by Deutsche Bank that tracks the performance of the MSCI ACWI ex USA US Dollar Hedged Index. It was launched on Jan 23, 2014. Both HAWX and DBAW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HAWX or DBAW.
Performance
HAWX vs. DBAW - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with HAWX having a 13.77% return and DBAW slightly lower at 13.29%.
HAWX
13.77%
-1.98%
1.37%
18.39%
8.60%
N/A
DBAW
13.29%
-3.68%
0.71%
17.17%
8.18%
7.21%
Key characteristics
| HAWX | DBAW | |
|---|---|---|
| Sharpe Ratio | 1.69 | 1.63 |
| Sortino Ratio | 2.26 | 2.22 |
| Omega Ratio | 1.31 | 1.30 |
| Calmar Ratio | 1.97 | 1.94 |
| Martin Ratio | 9.38 | 8.89 |
| Ulcer Index | 1.92% | 1.95% |
| Daily Std Dev | 10.70% | 10.65% |
| Max Drawdown | -30.64% | -31.44% |
| Current Drawdown | -3.07% | -4.08% |
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HAWX vs. DBAW - Expense Ratio Comparison
HAWX has a 0.35% expense ratio, which is lower than DBAW's 0.41% expense ratio.
Correlation
The correlation between HAWX and DBAW is 0.85, 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.
Risk-Adjusted Performance
HAWX vs. DBAW - 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 Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW). 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
HAWX vs. DBAW - Dividend Comparison
HAWX's dividend yield for the trailing twelve months is around 2.77%, more than DBAW's 0.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF | 2.77% | 2.95% | 16.94% | 2.63% | 2.00% | 3.22% | 2.51% | 2.40% | 2.49% | 3.86% | 0.00% |
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF | 0.82% | 3.45% | 13.44% | 2.05% | 2.08% | 2.91% | 2.93% | 2.41% | 1.99% | 5.74% | 7.59% |
Drawdowns
HAWX vs. DBAW - Drawdown Comparison
The maximum HAWX drawdown since its inception was -30.64%, roughly equal to the maximum DBAW drawdown of -31.44%. Use the drawdown chart below to compare losses from any high point for HAWX and DBAW. For additional features, visit the drawdowns tool.
Volatility
HAWX vs. DBAW - Volatility Comparison
iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) and Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW) have volatilities of 2.96% and 3.06%, 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.