HAWX vs. GSIHX
Compare and contrast key facts about iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) and Goldman Sachs GQG Partners International Opportunities Fund Class A (GSIHX).
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. GSIHX is managed by Goldman Sachs. It was launched on Dec 15, 2016.
Performance
HAWX vs. GSIHX - Performance Comparison
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HAWX vs. GSIHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF | 4.90% | 26.24% | 14.88% | 17.05% | -8.59% | 13.40% | 6.92% | 22.75% | -9.77% | 17.51% |
GSIHX Goldman Sachs GQG Partners International Opportunities Fund Class A | 4.66% | 20.43% | 9.35% | 21.60% | -11.36% | 12.01% | 15.36% | 27.15% | -6.38% | 29.41% |
Returns By Period
The year-to-date returns for both stocks are quite close, with HAWX having a 4.90% return and GSIHX slightly lower at 4.66%.
HAWX
- 1D
- 1.28%
- 1M
- -3.91%
- YTD
- 4.90%
- 6M
- 10.51%
- 1Y
- 27.48%
- 3Y*
- 18.39%
- 5Y*
- 11.23%
- 10Y*
- 11.38%
GSIHX
- 1D
- 0.91%
- 1M
- -3.95%
- YTD
- 4.66%
- 6M
- 8.03%
- 1Y
- 16.23%
- 3Y*
- 17.33%
- 5Y*
- 10.01%
- 10Y*
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HAWX vs. GSIHX - Expense Ratio Comparison
HAWX has a 0.35% expense ratio, which is lower than GSIHX's 1.12% expense ratio.
Return for Risk
HAWX vs. GSIHX — Risk / Return Rank
HAWX
GSIHX
HAWX vs. GSIHX - 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 Goldman Sachs GQG Partners International Opportunities Fund Class A (GSIHX). 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 | GSIHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.82 | 1.33 | +0.49 |
Sortino ratioReturn per unit of downside risk | 2.43 | 1.76 | +0.67 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.28 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.47 | 1.83 | +0.64 |
Martin ratioReturn relative to average drawdown | 10.37 | 7.34 | +3.03 |
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 | GSIHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.82 | 1.33 | +0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.70 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.79 | -0.18 |
Correlation
The correlation between HAWX and GSIHX is 0.78, 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. GSIHX - Dividend Comparison
HAWX's dividend yield for the trailing twelve months is around 2.67%, less than GSIHX's 4.59% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF | 2.67% | 2.80% | 3.31% | 2.95% | 16.94% | 2.63% | 2.00% | 3.23% | 2.51% | 2.40% | 2.49% | 3.86% |
GSIHX Goldman Sachs GQG Partners International Opportunities Fund Class A | 4.59% | 4.80% | 10.87% | 2.04% | 4.47% | 1.90% | 0.00% | 0.41% | 0.18% | 0.00% | 0.00% | 0.00% |
Drawdowns
HAWX vs. GSIHX - Drawdown Comparison
The maximum HAWX drawdown since its inception was -30.63%, which is greater than GSIHX's maximum drawdown of -28.79%. Use the drawdown chart below to compare losses from any high point for HAWX and GSIHX.
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Drawdown Indicators
| HAWX | GSIHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.63% | -28.79% | -1.84% |
Max Drawdown (1Y)Largest decline over 1 year | -11.16% | -8.78% | -2.38% |
Max Drawdown (5Y)Largest decline over 5 years | -17.47% | -25.63% | +8.16% |
Max Drawdown (10Y)Largest decline over 10 years | -30.63% | — | — |
Current DrawdownCurrent decline from peak | -5.16% | -5.28% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -4.99% | +0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 2.19% | +0.47% |
Volatility
HAWX vs. GSIHX - Volatility Comparison
iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) has a higher volatility of 6.42% compared to Goldman Sachs GQG Partners International Opportunities Fund Class A (GSIHX) at 4.82%. This indicates that HAWX's price experiences larger fluctuations and is considered to be riskier than GSIHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HAWX | GSIHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.42% | 4.82% | +1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 10.12% | 7.39% | +2.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.18% | 12.54% | +2.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.11% | 14.46% | -1.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.09% | 15.79% | -0.70% |