HAWX vs. GSINX
Compare and contrast key facts about iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) and Goldman Sachs GQG Partners International Opportunities Fund (GSINX).
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. GSINX is managed by Goldman Sachs. It was launched on Dec 14, 2016.
Performance
HAWX vs. GSINX - Performance Comparison
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HAWX vs. GSINX - 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% |
GSINX Goldman Sachs GQG Partners International Opportunities Fund | 4.74% | 20.76% | 9.53% | 21.93% | -11.14% | 12.35% | 15.64% | 27.41% | -6.14% | 29.66% |
Returns By Period
The year-to-date returns for both stocks are quite close, with HAWX having a 4.90% return and GSINX slightly lower at 4.74%.
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%
GSINX
- 1D
- 0.95%
- 1M
- -3.93%
- YTD
- 4.74%
- 6M
- 8.15%
- 1Y
- 16.49%
- 3Y*
- 17.62%
- 5Y*
- 10.27%
- 10Y*
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HAWX vs. GSINX - Expense Ratio Comparison
HAWX has a 0.35% expense ratio, which is lower than GSINX's 0.89% expense ratio.
Return for Risk
HAWX vs. GSINX — Risk / Return Rank
HAWX
GSINX
HAWX vs. GSINX - 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 (GSINX). 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 | GSINX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.82 | 1.36 | +0.46 |
Sortino ratioReturn per unit of downside risk | 2.43 | 1.80 | +0.63 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.29 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.47 | 1.87 | +0.60 |
Martin ratioReturn relative to average drawdown | 10.37 | 7.54 | +2.83 |
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 | GSINX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.82 | 1.36 | +0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.72 | +0.14 |
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 | 0.81 | -0.20 |
Correlation
The correlation between HAWX and GSINX 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. GSINX - Dividend Comparison
HAWX's dividend yield for the trailing twelve months is around 2.67%, less than GSINX's 4.80% 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% |
GSINX Goldman Sachs GQG Partners International Opportunities Fund | 4.80% | 5.03% | 11.11% | 2.27% | 4.79% | 2.13% | 0.08% | 0.57% | 0.43% | 0.12% | 0.00% | 0.00% |
Drawdowns
HAWX vs. GSINX - Drawdown Comparison
The maximum HAWX drawdown since its inception was -30.63%, which is greater than GSINX's maximum drawdown of -28.80%. Use the drawdown chart below to compare losses from any high point for HAWX and GSINX.
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Drawdown Indicators
| HAWX | GSINX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.63% | -28.80% | -1.83% |
Max Drawdown (1Y)Largest decline over 1 year | -11.16% | -8.74% | -2.42% |
Max Drawdown (5Y)Largest decline over 5 years | -17.47% | -25.46% | +7.99% |
Max Drawdown (10Y)Largest decline over 10 years | -30.63% | — | — |
Current DrawdownCurrent decline from peak | -5.16% | -5.22% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -4.88% | +0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 2.17% | +0.49% |
Volatility
HAWX vs. GSINX - 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 (GSINX) at 4.86%. This indicates that HAWX's price experiences larger fluctuations and is considered to be riskier than GSINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HAWX | GSINX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.42% | 4.86% | +1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 10.12% | 7.41% | +2.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.18% | 12.49% | +2.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.11% | 14.44% | -1.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.09% | 15.77% | -0.68% |