HAWX vs. DFAIX
Compare and contrast key facts about iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) and DFA Short-Duration Real Return Portfolio (DFAIX).
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. DFAIX is managed by Dimensional Fund Advisors LP. It was launched on Nov 5, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HAWX or DFAIX.
Key characteristics
| HAWX | DFAIX | |
|---|---|---|
| YTD Return | 8.32% | 2.63% |
| 1Y Return | 17.49% | 6.00% |
| 3Y Return (Ann) | 6.53% | 2.94% |
| 5Y Return (Ann) | 8.36% | 3.23% |
| Sharpe Ratio | 1.74 | 5.33 |
| Daily Std Dev | 9.76% | 1.14% |
| Max Drawdown | -30.64% | -5.63% |
| Current Drawdown | -0.21% | 0.00% |
Correlation
The correlation between HAWX and DFAIX is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
HAWX vs. DFAIX - Performance Comparison
In the year-to-date period, HAWX achieves a 8.32% return, which is significantly higher than DFAIX's 2.63% 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. DFAIX - Expense Ratio Comparison
HAWX has a 0.35% expense ratio, which is higher than DFAIX's 0.22% expense ratio.
Risk-Adjusted Performance
HAWX vs. DFAIX - 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 DFA Short-Duration Real Return Portfolio (DFAIX). 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. DFAIX - Dividend Comparison
HAWX's dividend yield for the trailing twelve months is around 2.73%, less than DFAIX's 3.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF | 2.73% | 2.95% | 16.94% | 2.63% | 2.00% | 3.23% | 2.51% | 2.40% | 2.49% | 3.86% | 0.00% | 0.00% |
DFAIX DFA Short-Duration Real Return Portfolio | 3.57% | 3.66% | 1.68% | 0.98% | 0.82% | 2.53% | 2.72% | 1.71% | 1.41% | 1.29% | 0.88% | 0.20% |
Drawdowns
HAWX vs. DFAIX - Drawdown Comparison
The maximum HAWX drawdown since its inception was -30.64%, which is greater than DFAIX's maximum drawdown of -5.63%. Use the drawdown chart below to compare losses from any high point for HAWX and DFAIX. For additional features, visit the drawdowns tool.
Volatility
HAWX vs. DFAIX - Volatility Comparison
iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) has a higher volatility of 2.92% compared to DFA Short-Duration Real Return Portfolio (DFAIX) at 0.20%. This indicates that HAWX's price experiences larger fluctuations and is considered to be riskier than DFAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.