HAWX vs. GQGPX
Compare and contrast key facts about iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) and GQG Partners Emerging Markets Equity Fund (GQGPX).
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. GQGPX is managed by GQG Partners Inc. It was launched on Dec 27, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HAWX or GQGPX.
Key characteristics
| HAWX | GQGPX | |
|---|---|---|
| YTD Return | 11.49% | 12.51% |
| 1Y Return | 16.07% | 23.85% |
| 3Y Return (Ann) | 6.53% | 3.68% |
| 5Y Return (Ann) | 8.89% | 9.37% |
| Sharpe Ratio | 1.51 | 1.64 |
| Daily Std Dev | 10.65% | 14.48% |
| Max Drawdown | -30.64% | -33.68% |
| Current Drawdown | -2.97% | -6.39% |
Correlation
The correlation between HAWX and GQGPX is 0.70, 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. GQGPX - Performance Comparison
In the year-to-date period, HAWX achieves a 11.49% return, which is significantly lower than GQGPX's 12.51% 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. GQGPX - Expense Ratio Comparison
HAWX has a 0.35% expense ratio, which is lower than GQGPX's 1.22% expense ratio.
Risk-Adjusted Performance
HAWX vs. GQGPX - 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 GQG Partners Emerging Markets Equity Fund (GQGPX). 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. GQGPX - Dividend Comparison
HAWX's dividend yield for the trailing twelve months is around 2.82%, more than GQGPX's 2.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF | 2.82% | 2.95% | 16.94% | 2.63% | 2.00% | 3.23% | 2.51% | 2.40% | 2.49% | 3.86% |
GQGPX GQG Partners Emerging Markets Equity Fund | 2.25% | 2.54% | 5.52% | 3.78% | 0.15% | 2.39% | 0.59% | 0.17% | 0.00% | 0.00% |
Drawdowns
HAWX vs. GQGPX - Drawdown Comparison
The maximum HAWX drawdown since its inception was -30.64%, smaller than the maximum GQGPX drawdown of -33.68%. Use the drawdown chart below to compare losses from any high point for HAWX and GQGPX. For additional features, visit the drawdowns tool.
Volatility
HAWX vs. GQGPX - Volatility Comparison
iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) has a higher volatility of 3.71% compared to GQG Partners Emerging Markets Equity Fund (GQGPX) at 2.95%. This indicates that HAWX's price experiences larger fluctuations and is considered to be riskier than GQGPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.