HAWX vs. IHDG
Compare and contrast key facts about iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) and WisdomTree International Hedged Dividend Growth Fund (IHDG).
HAWX and IHDG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. IHDG is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree International Hedged Dividend Growth Index. It was launched on May 7, 2014. Both HAWX and IHDG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HAWX or IHDG.
Performance
HAWX vs. IHDG - Performance Comparison
Returns By Period
In the year-to-date period, HAWX achieves a 13.77% return, which is significantly higher than IHDG's 4.78% return.
HAWX
13.77%
-1.98%
1.37%
18.39%
8.60%
N/A
IHDG
4.78%
-4.45%
-5.46%
11.00%
8.89%
9.05%
Key characteristics
| HAWX | IHDG | |
|---|---|---|
| Sharpe Ratio | 1.69 | 0.93 |
| Sortino Ratio | 2.26 | 1.33 |
| Omega Ratio | 1.31 | 1.17 |
| Calmar Ratio | 1.97 | 1.16 |
| Martin Ratio | 9.38 | 4.03 |
| Ulcer Index | 1.92% | 2.68% |
| Daily Std Dev | 10.70% | 11.62% |
| Max Drawdown | -30.64% | -29.24% |
| Current Drawdown | -3.07% | -7.05% |
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HAWX vs. IHDG - Expense Ratio Comparison
HAWX has a 0.35% expense ratio, which is lower than IHDG's 0.58% expense ratio.
Correlation
The correlation between HAWX and IHDG is 0.77, 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.
Risk-Adjusted Performance
HAWX vs. IHDG - 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 WisdomTree International Hedged Dividend Growth Fund (IHDG). 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. IHDG - Dividend Comparison
HAWX's dividend yield for the trailing twelve months is around 2.77%, more than IHDG's 1.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF | 2.77% | 2.95% | 16.94% | 2.63% | 2.00% | 3.22% | 2.51% | 2.40% | 2.49% | 3.86% | 0.00% |
IHDG WisdomTree International Hedged Dividend Growth Fund | 1.76% | 1.70% | 13.79% | 2.77% | 1.95% | 1.99% | 0.22% | 1.28% | 1.91% | 3.04% | 3.86% |
Drawdowns
HAWX vs. IHDG - Drawdown Comparison
The maximum HAWX drawdown since its inception was -30.64%, roughly equal to the maximum IHDG drawdown of -29.24%. Use the drawdown chart below to compare losses from any high point for HAWX and IHDG. For additional features, visit the drawdowns tool.
Volatility
HAWX vs. IHDG - Volatility Comparison
The current volatility for iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) is 2.96%, while WisdomTree International Hedged Dividend Growth Fund (IHDG) has a volatility of 3.13%. This indicates that HAWX experiences smaller price fluctuations and is considered to be less risky than IHDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.