HEFA vs. HAWX
Compare and contrast key facts about iShares Currency Hedged MSCI EAFE ETF (HEFA) and iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX).
HEFA and HAWX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HEFA is a passively managed fund by iShares that tracks the performance of the MSCI EAFE 100% Hedged to USD Index. It was launched on Jan 31, 2014. 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. Both HEFA and HAWX 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: HEFA or HAWX.
Performance
HEFA vs. HAWX - Performance Comparison
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Key characteristics
HEFA:
0.53
HAWX:
0.73
HEFA:
0.91
HAWX:
1.17
HEFA:
1.13
HAWX:
1.17
HEFA:
0.70
HAWX:
0.91
HEFA:
3.03
HAWX:
3.96
HEFA:
3.29%
HAWX:
3.04%
HEFA:
16.89%
HAWX:
14.99%
HEFA:
-32.39%
HAWX:
-30.64%
HEFA:
-0.66%
HAWX:
-0.52%
Returns By Period
The year-to-date returns for both investments are quite close, with HEFA having a 10.00% return and HAWX slightly higher at 10.39%. Over the past 10 years, HEFA has outperformed HAWX with an annualized return of 8.58%, while HAWX has yielded a comparatively lower 8.13% annualized return.
HEFA
- YTD
- 10.00%
- 1M
- 0.50%
- 6M
- 9.47%
- 1Y
- 8.87%
- 3Y*
- 16.37%
- 5Y*
- 13.75%
- 10Y*
- 8.58%
HAWX
- YTD
- 10.39%
- 1M
- 1.02%
- 6M
- 10.87%
- 1Y
- 10.86%
- 3Y*
- 15.16%
- 5Y*
- 11.68%
- 10Y*
- 8.13%
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HEFA vs. HAWX - Expense Ratio Comparison
Both HEFA and HAWX have an expense ratio of 0.35%.
Risk-Adjusted Performance
HEFA vs. HAWX — Risk-Adjusted Performance Rank
HEFA
HAWX
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.
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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.
Dividends
HEFA vs. HAWX - Dividend Comparison
HEFA's dividend yield for the trailing twelve months is around 2.95%, less than HAWX's 3.01% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HEFA iShares Currency Hedged MSCI EAFE ETF | 2.95% | 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 | 3.01% | 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.
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Volatility
HEFA vs. HAWX - Volatility Comparison
iShares Currency Hedged MSCI EAFE ETF (HEFA) has a higher volatility of 3.02% compared to iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) at 2.60%. 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.
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