HEWC vs. VOO
Compare and contrast key facts about iShares Currency Hedged MSCI Canada ETF (HEWC) and Vanguard S&P 500 ETF (VOO).
HEWC and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both HEWC and VOO 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 VOO.
Key characteristics
| HEWC | VOO |
|---|
Correlation
The correlation between HEWC and VOO is 0.61, 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
HEWC vs. VOO - 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. VOO - Expense Ratio Comparison
HEWC has a 0.52% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
HEWC vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Currency Hedged MSCI Canada ETF (HEWC) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
HEWC has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.32%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.32% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
HEWC vs. VOO - Drawdown Comparison
Volatility
HEWC vs. VOO - Volatility Comparison
The current volatility for iShares Currency Hedged MSCI Canada ETF (HEWC) is 0.00%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.37%. This indicates that HEWC experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.