PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
HAWX vs. GQGPX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.0
Correlation: 0.7

Performance

HAWX vs. GQGPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) and GQG Partners Emerging Markets Equity Fund (GQGPX). The values are adjusted to include any dividend payments, if applicable.

80.00%85.00%90.00%95.00%100.00%105.00%110.00%NovemberDecember2025FebruaryMarchApril
98.30%
88.27%
HAWX
GQGPX

Key characteristics

Sharpe Ratio

HAWX:

0.61

GQGPX:

-0.36

Sortino Ratio

HAWX:

0.87

GQGPX:

-0.38

Omega Ratio

HAWX:

1.12

GQGPX:

0.94

Calmar Ratio

HAWX:

0.79

GQGPX:

-0.38

Martin Ratio

HAWX:

3.32

GQGPX:

-0.72

Ulcer Index

HAWX:

2.17%

GQGPX:

8.24%

Daily Std Dev

HAWX:

11.77%

GQGPX:

16.30%

Max Drawdown

HAWX:

-30.64%

GQGPX:

-34.66%

Current Drawdown

HAWX:

-5.56%

GQGPX:

-12.56%

Returns By Period

In the year-to-date period, HAWX achieves a 0.78% return, which is significantly higher than GQGPX's -0.85% return.


HAWX

YTD

0.78%

1M

-3.77%

6M

-0.17%

1Y

7.09%

5Y*

14.15%

10Y*

N/A

GQGPX

YTD

-0.85%

1M

3.16%

6M

-7.94%

1Y

-5.90%

5Y*

11.78%

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


HAWX vs. GQGPX - Expense Ratio Comparison

HAWX has a 0.35% expense ratio, which is lower than GQGPX's 1.22% expense ratio.


GQGPX
GQG Partners Emerging Markets Equity Fund
Expense ratio chart for GQGPX: current value is 1.22%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
GQGPX: 1.22%
Expense ratio chart for HAWX: current value is 0.35%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
HAWX: 0.35%

Risk-Adjusted Performance

HAWX vs. GQGPX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HAWX
The Risk-Adjusted Performance Rank of HAWX is 6262
Overall Rank
The Sharpe Ratio Rank of HAWX is 5858
Sharpe Ratio Rank
The Sortino Ratio Rank of HAWX is 5555
Sortino Ratio Rank
The Omega Ratio Rank of HAWX is 5757
Omega Ratio Rank
The Calmar Ratio Rank of HAWX is 6767
Calmar Ratio Rank
The Martin Ratio Rank of HAWX is 7070
Martin Ratio Rank

GQGPX
The Risk-Adjusted Performance Rank of GQGPX is 1111
Overall Rank
The Sharpe Ratio Rank of GQGPX is 1212
Sharpe Ratio Rank
The Sortino Ratio Rank of GQGPX is 1111
Sortino Ratio Rank
The Omega Ratio Rank of GQGPX is 1010
Omega Ratio Rank
The Calmar Ratio Rank of GQGPX is 66
Calmar Ratio Rank
The Martin Ratio Rank of GQGPX is 1515
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


Sharpe ratio
The chart of Sharpe ratio for HAWX, currently valued at 0.61, compared to the broader market0.002.004.00
HAWX: 0.61
GQGPX: -0.36
The chart of Sortino ratio for HAWX, currently valued at 0.87, compared to the broader market-2.000.002.004.006.008.0010.0012.00
HAWX: 0.87
GQGPX: -0.38
The chart of Omega ratio for HAWX, currently valued at 1.12, compared to the broader market0.501.001.502.002.503.00
HAWX: 1.12
GQGPX: 0.94
The chart of Calmar ratio for HAWX, currently valued at 0.79, compared to the broader market0.005.0010.0015.00
HAWX: 0.79
GQGPX: -0.38
The chart of Martin ratio for HAWX, currently valued at 3.32, compared to the broader market0.0020.0040.0060.0080.00100.00
HAWX: 3.32
GQGPX: -0.72

The current HAWX Sharpe Ratio is 0.61, which is higher than the GQGPX Sharpe Ratio of -0.36. The chart below compares the historical Sharpe Ratios of HAWX and GQGPX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00NovemberDecember2025FebruaryMarchApril
0.61
-0.36
HAWX
GQGPX

Dividends

HAWX vs. GQGPX - Dividend Comparison

HAWX's dividend yield for the trailing twelve months is around 3.29%, more than GQGPX's 1.51% yield.


TTM2024202320222021202020192018201720162015
HAWX
iShares Currency Hedged MSCI ACWI ex U.S. ETF
3.29%3.31%2.95%16.94%2.63%2.00%3.22%2.51%2.40%2.49%3.86%
GQGPX
GQG Partners Emerging Markets Equity Fund
1.51%1.50%2.53%5.52%2.27%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 -34.66%. Use the drawdown chart below to compare losses from any high point for HAWX and GQGPX. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-5.56%
-12.56%
HAWX
GQGPX

Volatility

HAWX vs. GQGPX - Volatility Comparison

iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) has a higher volatility of 5.04% compared to GQG Partners Emerging Markets Equity Fund (GQGPX) at 3.66%. 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.


2.00%4.00%6.00%8.00%NovemberDecember2025FebruaryMarchApril
5.04%
3.66%
HAWX
GQGPX
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2025 PortfoliosLab