HAWX vs. FIFVX
Compare and contrast key facts about iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) and Fidelity Advisor Founders Fund Class I (FIFVX).
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. FIFVX is managed by Fidelity. It was launched on Feb 14, 2019.
Performance
HAWX vs. FIFVX - Performance Comparison
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HAWX vs. FIFVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF | 3.57% | 26.24% | 14.88% | 17.05% | -8.59% | 13.40% | 6.92% | 11.67% |
FIFVX Fidelity Advisor Founders Fund Class I | -10.08% | 16.39% | 36.46% | 34.03% | -26.71% | 19.10% | 47.20% | 14.05% |
Returns By Period
In the year-to-date period, HAWX achieves a 3.57% return, which is significantly higher than FIFVX's -10.08% 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%
FIFVX
- 1D
- -0.29%
- 1M
- -10.01%
- YTD
- -10.08%
- 6M
- -10.75%
- 1Y
- 12.92%
- 3Y*
- 20.05%
- 5Y*
- 10.05%
- 10Y*
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HAWX vs. FIFVX - Expense Ratio Comparison
HAWX has a 0.35% expense ratio, which is lower than FIFVX's 0.85% expense ratio.
Return for Risk
HAWX vs. FIFVX — Risk / Return Rank
HAWX
FIFVX
HAWX vs. FIFVX - 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 Fidelity Advisor Founders Fund Class I (FIFVX). 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 | FIFVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.72 | 0.61 | +1.11 |
Sortino ratioReturn per unit of downside risk | 2.31 | 1.01 | +1.30 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.15 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 2.27 | 0.76 | +1.51 |
Martin ratioReturn relative to average drawdown | 9.61 | 2.96 | +6.66 |
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 | FIFVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 0.61 | +1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.48 | +0.36 |
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 | 0.69 | -0.09 |
Correlation
The correlation between HAWX and FIFVX is 0.75, 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. FIFVX - Dividend Comparison
HAWX's dividend yield for the trailing twelve months is around 2.71%, more than FIFVX's 2.67% 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% |
FIFVX Fidelity Advisor Founders Fund Class I | 2.67% | 2.40% | 6.32% | 0.15% | 2.60% | 6.25% | 0.00% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HAWX vs. FIFVX - Drawdown Comparison
The maximum HAWX drawdown since its inception was -30.63%, smaller than the maximum FIFVX drawdown of -32.48%. Use the drawdown chart below to compare losses from any high point for HAWX and FIFVX.
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Drawdown Indicators
| HAWX | FIFVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.63% | -32.48% | +1.85% |
Max Drawdown (1Y)Largest decline over 1 year | -11.16% | -13.04% | +1.88% |
Max Drawdown (5Y)Largest decline over 5 years | -17.47% | -32.48% | +15.01% |
Max Drawdown (10Y)Largest decline over 10 years | -30.63% | — | — |
Current DrawdownCurrent decline from peak | -6.37% | -12.27% | +5.90% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -8.14% | +3.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | 3.34% | -0.70% |
Volatility
HAWX vs. FIFVX - Volatility Comparison
iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) has a higher volatility of 6.92% compared to Fidelity Advisor Founders Fund Class I (FIFVX) at 5.48%. This indicates that HAWX's price experiences larger fluctuations and is considered to be riskier than FIFVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HAWX | FIFVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.92% | 5.48% | +1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 10.05% | 10.66% | -0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.14% | 20.77% | -5.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.11% | 21.13% | -8.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.08% | 22.68% | -7.60% |