HAWX vs. FEDDX
Compare and contrast key facts about iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) and Fidelity Emerging Markets Discovery Fund (FEDDX).
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. FEDDX is managed by Fidelity. It was launched on Nov 1, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HAWX or FEDDX.
Correlation
The correlation between HAWX and FEDDX is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HAWX vs. FEDDX - Performance Comparison
Key characteristics
HAWX:
0.64
FEDDX:
0.10
HAWX:
0.95
FEDDX:
0.24
HAWX:
1.14
FEDDX:
1.03
HAWX:
0.72
FEDDX:
0.08
HAWX:
3.16
FEDDX:
0.22
HAWX:
3.02%
FEDDX:
6.96%
HAWX:
14.82%
FEDDX:
14.99%
HAWX:
-30.64%
FEDDX:
-42.98%
HAWX:
-4.00%
FEDDX:
-10.41%
Returns By Period
In the year-to-date period, HAWX achieves a 2.43% return, which is significantly lower than FEDDX's 3.54% return.
HAWX
2.43%
-3.18%
2.20%
8.67%
12.54%
N/A
FEDDX
3.54%
-0.69%
-2.58%
-0.45%
9.45%
3.79%
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HAWX vs. FEDDX - Expense Ratio Comparison
HAWX has a 0.35% expense ratio, which is lower than FEDDX's 1.19% expense ratio.
Risk-Adjusted Performance
HAWX vs. FEDDX — Risk-Adjusted Performance Rank
HAWX
FEDDX
HAWX vs. FEDDX - 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 Fidelity Emerging Markets Discovery Fund (FEDDX). 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. FEDDX - Dividend Comparison
HAWX's dividend yield for the trailing twelve months is around 3.23%, less than FEDDX's 3.85% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF | 3.23% | 3.31% | 2.95% | 16.94% | 2.63% | 2.00% | 3.22% | 2.51% | 2.40% | 2.49% | 3.86% |
FEDDX Fidelity Emerging Markets Discovery Fund | 3.85% | 3.99% | 2.05% | 1.69% | 2.59% | 0.59% | 1.05% | 1.82% | 0.74% | 0.80% | 0.81% |
Drawdowns
HAWX vs. FEDDX - Drawdown Comparison
The maximum HAWX drawdown since its inception was -30.64%, smaller than the maximum FEDDX drawdown of -42.98%. Use the drawdown chart below to compare losses from any high point for HAWX and FEDDX. For additional features, visit the drawdowns tool.
Volatility
HAWX vs. FEDDX - Volatility Comparison
iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) has a higher volatility of 10.16% compared to Fidelity Emerging Markets Discovery Fund (FEDDX) at 8.55%. This indicates that HAWX's price experiences larger fluctuations and is considered to be riskier than FEDDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.