HAWX vs. DWMF
Compare and contrast key facts about iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) and WisdomTree International Multifactor Fund (DWMF).
HAWX and DWMF 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. DWMF is an actively managed fund by WisdomTree. It was launched on Aug 10, 2018.
Performance
HAWX vs. DWMF - Performance Comparison
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HAWX vs. DWMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF | 3.57% | 26.24% | 14.88% | 17.05% | -8.59% | 13.40% | 6.92% | 22.75% | -9.67% |
DWMF WisdomTree International Multifactor Fund | 3.84% | 24.42% | 10.22% | 10.78% | -7.31% | 11.24% | -1.18% | 16.10% | -7.30% |
Returns By Period
In the year-to-date period, HAWX achieves a 3.57% return, which is significantly lower than DWMF's 3.84% return.
HAWX
- 1D
- 2.38%
- 1M
- -5.92%
- YTD
- 3.57%
- 6M
- 9.86%
- 1Y
- 25.94%
- 3Y*
- 17.89%
- 5Y*
- 10.95%
- 10Y*
- 11.24%
DWMF
- 1D
- 2.44%
- 1M
- -5.33%
- YTD
- 3.84%
- 6M
- 6.56%
- 1Y
- 18.87%
- 3Y*
- 14.10%
- 5Y*
- 9.33%
- 10Y*
- —
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HAWX vs. DWMF - Expense Ratio Comparison
HAWX has a 0.35% expense ratio, which is lower than DWMF's 0.38% expense ratio.
Return for Risk
HAWX vs. DWMF — Risk / Return Rank
HAWX
DWMF
HAWX vs. DWMF - 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 WisdomTree International Multifactor Fund (DWMF). 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 | DWMF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.72 | 1.38 | +0.34 |
Sortino ratioReturn per unit of downside risk | 2.31 | 2.02 | +0.29 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.29 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.27 | 2.13 | +0.14 |
Martin ratioReturn relative to average drawdown | 9.61 | 8.12 | +1.49 |
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 | DWMF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 1.38 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.84 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.53 | +0.07 |
Correlation
The correlation between HAWX and DWMF is 0.83, 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. DWMF - Dividend Comparison
HAWX's dividend yield for the trailing twelve months is around 2.71%, less than DWMF's 2.87% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF | 2.71% | 2.80% | 3.31% | 2.95% | 16.94% | 2.63% | 2.00% | 3.23% | 2.51% | 2.40% | 2.49% | 3.86% |
DWMF WisdomTree International Multifactor Fund | 2.87% | 2.80% | 3.50% | 4.01% | 3.41% | 3.54% | 2.06% | 2.77% | 1.15% | 0.00% | 0.00% | 0.00% |
Drawdowns
HAWX vs. DWMF - Drawdown Comparison
The maximum HAWX drawdown since its inception was -30.63%, roughly equal to the maximum DWMF drawdown of -29.72%. Use the drawdown chart below to compare losses from any high point for HAWX and DWMF.
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Drawdown Indicators
| HAWX | DWMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.63% | -29.72% | -0.91% |
Max Drawdown (1Y)Largest decline over 1 year | -11.16% | -8.74% | -2.42% |
Max Drawdown (5Y)Largest decline over 5 years | -17.47% | -17.00% | -0.47% |
Max Drawdown (10Y)Largest decline over 10 years | -30.63% | — | — |
Current DrawdownCurrent decline from peak | -6.37% | -5.33% | -1.04% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -3.88% | -0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | 2.29% | +0.35% |
Volatility
HAWX vs. DWMF - Volatility Comparison
iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) has a higher volatility of 6.92% compared to WisdomTree International Multifactor Fund (DWMF) at 5.84%. This indicates that HAWX's price experiences larger fluctuations and is considered to be riskier than DWMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HAWX | DWMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.92% | 5.84% | +1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 10.05% | 8.39% | +1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.14% | 13.70% | +1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.11% | 11.20% | +1.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.08% | 14.16% | +0.92% |