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

Correlation

The correlation between HEFA and HAWX 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

HEFA vs. HAWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Currency Hedged MSCI EAFE ETF (HEFA) and iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX). The values are adjusted to include any dividend payments, if applicable.

80.00%90.00%100.00%110.00%120.00%130.00%NovemberDecember2025FebruaryMarchApril
116.31%
100.98%
HEFA
HAWX

Key characteristics

Sharpe Ratio

HEFA:

0.42

HAWX:

0.67

Sortino Ratio

HEFA:

0.69

HAWX:

0.98

Omega Ratio

HEFA:

1.10

HAWX:

1.14

Calmar Ratio

HEFA:

0.49

HAWX:

0.74

Martin Ratio

HEFA:

2.17

HAWX:

3.28

Ulcer Index

HEFA:

3.23%

HAWX:

3.01%

Daily Std Dev

HEFA:

16.64%

HAWX:

14.82%

Max Drawdown

HEFA:

-32.39%

HAWX:

-30.64%

Current Drawdown

HEFA:

-5.10%

HAWX:

-4.40%

Returns By Period

In the year-to-date period, HEFA achieves a 2.30% return, which is significantly higher than HAWX's 2.01% return.


HEFA

YTD

2.30%

1M

-4.82%

6M

2.46%

1Y

6.40%

5Y*

14.56%

10Y*

7.56%

HAWX

YTD

2.01%

1M

-4.04%

6M

1.80%

1Y

9.03%

5Y*

12.77%

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

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HEFA vs. HAWX - Expense Ratio Comparison

Both HEFA and HAWX have an expense ratio of 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%
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%

Risk-Adjusted Performance

HEFA vs. HAWX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HEFA
The Risk-Adjusted Performance Rank of HEFA is 5757
Overall Rank
The Sharpe Ratio Rank of HEFA is 5454
Sharpe Ratio Rank
The Sortino Ratio Rank of HEFA is 5353
Sortino Ratio Rank
The Omega Ratio Rank of HEFA is 5353
Omega Ratio Rank
The Calmar Ratio Rank of HEFA is 6363
Calmar Ratio Rank
The Martin Ratio Rank of HEFA is 6464
Martin Ratio Rank

HAWX
The Risk-Adjusted Performance Rank of HAWX is 7171
Overall Rank
The Sharpe Ratio Rank of HAWX is 6868
Sharpe Ratio Rank
The Sortino Ratio Rank of HAWX is 6666
Sortino Ratio Rank
The Omega Ratio Rank of HAWX is 6868
Omega Ratio Rank
The Calmar Ratio Rank of HAWX is 7676
Calmar Ratio Rank
The Martin Ratio Rank of HAWX is 7676
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.

HEFA vs. HAWX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Currency Hedged MSCI EAFE ETF (HEFA) and iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX). 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 HEFA, currently valued at 0.42, compared to the broader market-1.000.001.002.003.004.00
HEFA: 0.42
HAWX: 0.67
The chart of Sortino ratio for HEFA, currently valued at 0.69, compared to the broader market-2.000.002.004.006.008.00
HEFA: 0.69
HAWX: 0.98
The chart of Omega ratio for HEFA, currently valued at 1.10, compared to the broader market0.501.001.502.002.50
HEFA: 1.10
HAWX: 1.14
The chart of Calmar ratio for HEFA, currently valued at 0.49, compared to the broader market0.002.004.006.008.0010.0012.00
HEFA: 0.49
HAWX: 0.74
The chart of Martin ratio for HEFA, currently valued at 2.17, compared to the broader market0.0020.0040.0060.00
HEFA: 2.17
HAWX: 3.28

The current HEFA Sharpe Ratio is 0.42, which is lower than the HAWX Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of HEFA and HAWX, 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
0.42
0.67
HEFA
HAWX

Dividends

HEFA vs. HAWX - Dividend Comparison

HEFA's dividend yield for the trailing twelve months is around 3.02%, less than HAWX's 3.25% yield.


TTM20242023202220212020201920182017201620152014
HEFA
iShares Currency Hedged MSCI EAFE ETF
3.02%3.09%3.01%25.14%3.06%2.10%5.37%4.58%2.55%3.17%3.54%3.39%
HAWX
iShares Currency Hedged MSCI ACWI ex U.S. ETF
3.25%3.31%2.95%16.94%2.63%2.00%3.22%2.51%2.40%2.49%3.86%0.00%

Drawdowns

HEFA vs. HAWX - Drawdown Comparison

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


-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-5.10%
-4.40%
HEFA
HAWX

Volatility

HEFA vs. HAWX - Volatility Comparison

iShares Currency Hedged MSCI EAFE ETF (HEFA) has a higher volatility of 12.13% compared to iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) at 10.15%. This indicates that HEFA's price experiences larger fluctuations and is considered to be riskier than HAWX 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
12.13%
10.15%
HEFA
HAWX