HAWX vs. XMMO
Compare and contrast key facts about iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) and Invesco S&P MidCap Momentum ETF (XMMO).
HAWX and XMMO 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. XMMO is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Index. It was launched on Mar 3, 2005. Both HAWX and XMMO 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 XMMO.
Key characteristics
| HAWX | XMMO | |
|---|---|---|
| YTD Return | 7.72% | 21.24% |
| 1Y Return | 15.05% | 45.48% |
| 3Y Return (Ann) | 6.53% | 9.37% |
| 5Y Return (Ann) | 8.42% | 14.21% |
| Sharpe Ratio | 1.56 | 2.64 |
| Daily Std Dev | 9.81% | 17.35% |
| Max Drawdown | -30.64% | -55.37% |
| Current Drawdown | -0.76% | -5.29% |
Correlation
The correlation between HAWX and XMMO is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HAWX vs. XMMO - Performance Comparison
In the year-to-date period, HAWX achieves a 7.72% return, which is significantly lower than XMMO's 21.24% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HAWX vs. XMMO - Expense Ratio Comparison
HAWX has a 0.35% expense ratio, which is higher than XMMO's 0.33% expense ratio.
Risk-Adjusted Performance
HAWX vs. XMMO - 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 Invesco S&P MidCap Momentum ETF (XMMO). 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. XMMO - Dividend Comparison
HAWX's dividend yield for the trailing twelve months is around 2.74%, more than XMMO's 0.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF | 2.74% | 2.95% | 16.94% | 2.63% | 2.00% | 3.23% | 2.51% | 2.40% | 2.49% | 3.86% | 0.00% | 0.00% |
XMMO Invesco S&P MidCap Momentum ETF | 0.46% | 0.80% | 1.43% | 0.41% | 0.61% | 0.60% | 0.19% | 0.21% | 0.22% | 0.64% | 1.24% | 1.30% |
Drawdowns
HAWX vs. XMMO - Drawdown Comparison
The maximum HAWX drawdown since its inception was -30.64%, smaller than the maximum XMMO drawdown of -55.37%. Use the drawdown chart below to compare losses from any high point for HAWX and XMMO. For additional features, visit the drawdowns tool.
Volatility
HAWX vs. XMMO - Volatility Comparison
The current volatility for iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) is 2.82%, while Invesco S&P MidCap Momentum ETF (XMMO) has a volatility of 4.85%. This indicates that HAWX experiences smaller price fluctuations and is considered to be less risky than XMMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.