HEWC vs. FLCA
Compare and contrast key facts about iShares Currency Hedged MSCI Canada ETF (HEWC) and Franklin FTSE Canada ETF (FLCA).
HEWC and FLCA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HEWC is a passively managed fund by iShares that tracks the performance of the MSCI Canada 100% Hedged to USD Index. It was launched on Jun 29, 2015. FLCA is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE Canada RIC Capped Index. It was launched on Nov 2, 2017. Both HEWC and FLCA 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: HEWC or FLCA.
Key characteristics
| HEWC | FLCA |
|---|
Correlation
The correlation between HEWC and FLCA is 0.79, 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.
Performance
HEWC vs. FLCA - Performance Comparison
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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HEWC vs. FLCA - Expense Ratio Comparison
HEWC has a 0.52% expense ratio, which is higher than FLCA's 0.09% expense ratio.
Risk-Adjusted Performance
HEWC vs. FLCA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Currency Hedged MSCI Canada ETF (HEWC) and Franklin FTSE Canada ETF (FLCA). 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
HEWC vs. FLCA - Dividend Comparison
HEWC has not paid dividends to shareholders, while FLCA's dividend yield for the trailing twelve months is around 2.40%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
HEWC iShares Currency Hedged MSCI Canada ETF | 1.47% | 1.47% | 7.94% | 1.85% | 5.27% | 3.30% | 3.77% | 0.22% | 1.83% | 4.65% |
FLCA Franklin FTSE Canada ETF | 2.40% | 2.49% | 2.20% | 2.02% | 2.49% | 2.29% | 3.03% | 0.09% | 0.00% | 0.00% |
Drawdowns
HEWC vs. FLCA - Drawdown Comparison
Volatility
HEWC vs. FLCA - Volatility Comparison
The current volatility for iShares Currency Hedged MSCI Canada ETF (HEWC) is 0.00%, while Franklin FTSE Canada ETF (FLCA) has a volatility of 3.32%. This indicates that HEWC experiences smaller price fluctuations and is considered to be less risky than FLCA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.