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

Correlation

The correlation between HAWX and VEA 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. VEA - 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 Vanguard FTSE Developed Markets ETF (VEA). The values are adjusted to include any dividend payments, if applicable.

50.00%60.00%70.00%80.00%90.00%100.00%110.00%NovemberDecember2025FebruaryMarchApril
101.82%
75.30%
HAWX
VEA

Key characteristics

Sharpe Ratio

HAWX:

0.64

VEA:

0.62

Sortino Ratio

HAWX:

0.95

VEA:

0.99

Omega Ratio

HAWX:

1.14

VEA:

1.13

Calmar Ratio

HAWX:

0.72

VEA:

0.80

Martin Ratio

HAWX:

3.16

VEA:

2.41

Ulcer Index

HAWX:

3.02%

VEA:

4.45%

Daily Std Dev

HAWX:

14.82%

VEA:

17.30%

Max Drawdown

HAWX:

-30.64%

VEA:

-60.69%

Current Drawdown

HAWX:

-4.00%

VEA:

-0.60%

Returns By Period

In the year-to-date period, HAWX achieves a 2.43% return, which is significantly lower than VEA's 10.15% return.


HAWX

YTD

2.43%

1M

-3.18%

6M

2.20%

1Y

8.67%

5Y*

12.54%

10Y*

N/A

VEA

YTD

10.15%

1M

1.16%

6M

5.84%

1Y

10.70%

5Y*

11.66%

10Y*

5.43%

*Annualized

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HAWX vs. VEA - Expense Ratio Comparison

HAWX has a 0.35% expense ratio, which is higher than VEA's 0.05% expense ratio.


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 VEA: current value is 0.05%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VEA: 0.05%

Risk-Adjusted Performance

HAWX vs. VEA — 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 7070
Overall Rank
The Sharpe Ratio Rank of HAWX is 6868
Sharpe Ratio Rank
The Sortino Ratio Rank of HAWX is 6565
Sortino Ratio Rank
The Omega Ratio Rank of HAWX is 6666
Omega Ratio Rank
The Calmar Ratio Rank of HAWX is 7676
Calmar Ratio Rank
The Martin Ratio Rank of HAWX is 7575
Martin Ratio Rank

VEA
The Risk-Adjusted Performance Rank of VEA is 6969
Overall Rank
The Sharpe Ratio Rank of VEA is 6666
Sharpe Ratio Rank
The Sortino Ratio Rank of VEA is 6767
Sortino Ratio Rank
The Omega Ratio Rank of VEA is 6565
Omega Ratio Rank
The Calmar Ratio Rank of VEA is 7878
Calmar Ratio Rank
The Martin Ratio Rank of VEA is 6767
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. VEA - 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 Vanguard FTSE Developed Markets ETF (VEA). 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
VEA: 0.62
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
VEA: 0.99
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
VEA: 1.13
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
VEA: 0.80
The chart of Martin ratio for HAWX, currently valued at 3.16, compared to the broader market0.0020.0040.0060.00
HAWX: 3.16
VEA: 2.41

The current HAWX Sharpe Ratio is 0.64, which is comparable to the VEA Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of HAWX and VEA, 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
0.62
HAWX
VEA

Dividends

HAWX vs. VEA - Dividend Comparison

HAWX's dividend yield for the trailing twelve months is around 3.23%, more than VEA's 2.98% 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%
VEA
Vanguard FTSE Developed Markets ETF
2.98%3.36%3.16%2.91%3.16%2.04%3.04%3.35%2.77%3.05%2.92%3.68%

Drawdowns

HAWX vs. VEA - Drawdown Comparison

The maximum HAWX drawdown since its inception was -30.64%, smaller than the maximum VEA drawdown of -60.69%. Use the drawdown chart below to compare losses from any high point for HAWX and VEA. For additional features, visit the drawdowns tool.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%NovemberDecember2025FebruaryMarchApril
-4.00%
-0.60%
HAWX
VEA

Volatility

HAWX vs. VEA - Volatility Comparison

The current volatility for iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) is 10.16%, while Vanguard FTSE Developed Markets ETF (VEA) has a volatility of 11.52%. This indicates that HAWX experiences smaller price fluctuations and is considered to be less risky than VEA 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%
11.52%
HAWX
VEA