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HAWX vs. HEFA
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between HAWX and HEFA is 0.72, 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.


-0.50.00.51.0
Correlation: 0.7

Performance

HAWX vs. HEFA - 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 iShares Currency Hedged MSCI EAFE ETF (HEFA). The values are adjusted to include any dividend payments, if applicable.

80.00%90.00%100.00%110.00%120.00%130.00%NovemberDecember2025FebruaryMarchApril
101.82%
117.89%
HAWX
HEFA

Key characteristics

Sharpe Ratio

HAWX:

0.64

HEFA:

0.43

Sortino Ratio

HAWX:

0.95

HEFA:

0.69

Omega Ratio

HAWX:

1.14

HEFA:

1.10

Calmar Ratio

HAWX:

0.72

HEFA:

0.50

Martin Ratio

HAWX:

3.16

HEFA:

2.18

Ulcer Index

HAWX:

3.02%

HEFA:

3.24%

Daily Std Dev

HAWX:

14.82%

HEFA:

16.66%

Max Drawdown

HAWX:

-30.64%

HEFA:

-32.39%

Current Drawdown

HAWX:

-4.00%

HEFA:

-4.40%

Returns By Period

In the year-to-date period, HAWX achieves a 2.43% return, which is significantly lower than HEFA's 3.05% return.


HAWX

YTD

2.43%

1M

-3.07%

6M

2.20%

1Y

9.88%

5Y*

12.85%

10Y*

N/A

HEFA

YTD

3.05%

1M

-3.27%

6M

3.21%

1Y

7.80%

5Y*

14.72%

10Y*

7.70%

*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. HEFA - Expense Ratio Comparison

Both HAWX and HEFA have an expense ratio of 0.35%.


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%
Expense ratio chart for HEFA: 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%
HEFA: 0.35%

Risk-Adjusted Performance

HAWX vs. HEFA — 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 6969
Overall Rank
The Sharpe Ratio Rank of HAWX is 6767
Sharpe Ratio Rank
The Sortino Ratio Rank of HAWX is 6464
Sortino Ratio Rank
The Omega Ratio Rank of HAWX is 6666
Omega Ratio Rank
The Calmar Ratio Rank of HAWX is 7575
Calmar Ratio Rank
The Martin Ratio Rank of HAWX is 7474
Martin Ratio Rank

HEFA
The Risk-Adjusted Performance Rank of HEFA is 5555
Overall Rank
The Sharpe Ratio Rank of HEFA is 5151
Sharpe Ratio Rank
The Sortino Ratio Rank of HEFA is 5050
Sortino Ratio Rank
The Omega Ratio Rank of HEFA is 5151
Omega Ratio Rank
The Calmar Ratio Rank of HEFA is 6060
Calmar Ratio Rank
The Martin Ratio Rank of HEFA is 6262
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. HEFA - 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 iShares Currency Hedged MSCI EAFE ETF (HEFA). 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.


The chart of Sharpe ratio for HAWX, currently valued at 0.64, compared to the broader market-1.000.001.002.003.004.00
HAWX: 0.64
HEFA: 0.43
The chart of Sortino ratio for HAWX, currently valued at 0.95, compared to the broader market-2.000.002.004.006.008.00
HAWX: 0.95
HEFA: 0.69
The chart of Omega ratio for HAWX, currently valued at 1.14, compared to the broader market0.501.001.502.002.50
HAWX: 1.14
HEFA: 1.10
The chart of Calmar ratio for HAWX, currently valued at 0.72, compared to the broader market0.002.004.006.008.0010.0012.00
HAWX: 0.72
HEFA: 0.50
The chart of Martin ratio for HAWX, currently valued at 3.16, compared to the broader market0.0020.0040.0060.00
HAWX: 3.16
HEFA: 2.18

The current HAWX Sharpe Ratio is 0.64, which is higher than the HEFA Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of HAWX and HEFA, 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-0.500.000.501.001.502.002.503.00NovemberDecember2025FebruaryMarchApril
0.64
0.43
HAWX
HEFA

Dividends

HAWX vs. HEFA - Dividend Comparison

HAWX's dividend yield for the trailing twelve months is around 3.23%, more than HEFA's 3.00% yield.


TTM20242023202220212020201920182017201620152014
HAWX
iShares Currency Hedged MSCI ACWI ex U.S. ETF
3.23%3.31%2.95%16.94%2.63%2.00%3.22%2.51%2.40%2.49%3.86%0.00%
HEFA
iShares Currency Hedged MSCI EAFE ETF
3.00%3.09%3.01%25.14%3.06%2.10%5.37%4.58%2.55%3.17%3.54%3.39%

Drawdowns

HAWX vs. HEFA - Drawdown Comparison

The maximum HAWX drawdown since its inception was -30.64%, smaller than the maximum HEFA drawdown of -32.39%. Use the drawdown chart below to compare losses from any high point for HAWX and HEFA. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-4.00%
-4.40%
HAWX
HEFA

Volatility

HAWX vs. HEFA - Volatility Comparison

The current volatility for iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) is 10.16%, while iShares Currency Hedged MSCI EAFE ETF (HEFA) has a volatility of 12.15%. This indicates that HAWX experiences smaller price fluctuations and is considered to be less risky than HEFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%NovemberDecember2025FebruaryMarchApril
10.16%
12.15%
HAWX
HEFA