HAWX vs. DFAI
Compare and contrast key facts about iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) and Dimensional International Core Equity Market ETF (DFAI).
HAWX and DFAI 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. DFAI is an actively managed fund by Dimensional Fund Advisors LP. It was launched on Nov 17, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HAWX or DFAI.
Key characteristics
| HAWX | DFAI | |
|---|---|---|
| YTD Return | 8.99% | 4.39% |
| 1Y Return | 18.22% | 12.08% |
| 3Y Return (Ann) | 7.09% | 3.92% |
| Sharpe Ratio | 1.87 | 0.95 |
| Daily Std Dev | 9.76% | 12.40% |
| Max Drawdown | -30.64% | -27.44% |
| Current Drawdown | 0.00% | -1.39% |
Correlation
The correlation between HAWX and DFAI is 0.90, 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. DFAI - Performance Comparison
In the year-to-date period, HAWX achieves a 8.99% return, which is significantly higher than DFAI's 4.39% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HAWX vs. DFAI - Expense Ratio Comparison
HAWX has a 0.35% expense ratio, which is higher than DFAI's 0.18% expense ratio.
Risk-Adjusted Performance
HAWX vs. DFAI - 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 Dimensional International Core Equity Market ETF (DFAI). 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. DFAI - Dividend Comparison
HAWX's dividend yield for the trailing twelve months is around 2.71%, more than DFAI's 2.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF | 2.71% | 2.95% | 16.94% | 2.63% | 2.00% | 3.23% | 2.51% | 2.40% | 2.49% | 3.86% |
DFAI Dimensional International Core Equity Market ETF | 2.40% | 2.64% | 2.72% | 2.06% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HAWX vs. DFAI - Drawdown Comparison
The maximum HAWX drawdown since its inception was -30.64%, which is greater than DFAI's maximum drawdown of -27.44%. Use the drawdown chart below to compare losses from any high point for HAWX and DFAI. For additional features, visit the drawdowns tool.
Volatility
HAWX vs. DFAI - Volatility Comparison
The current volatility for iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) is 2.87%, while Dimensional International Core Equity Market ETF (DFAI) has a volatility of 3.74%. This indicates that HAWX experiences smaller price fluctuations and is considered to be less risky than DFAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.