HEWJ vs. HEWG
Compare and contrast key facts about iShares Currency Hedged MSCI Japan ETF (HEWJ) and iShares Currency Hedged MSCI Germany ETF (HEWG).
HEWJ and HEWG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HEWJ is a passively managed fund by iShares that tracks the performance of the MSCI Japan 100% Hedged to USD Index. It was launched on Jan 31, 2014. HEWG is a passively managed fund by iShares that tracks the performance of the MSCI Germany 100% Hedged to USD Index. It was launched on Jan 31, 2014. Both HEWJ and HEWG 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: HEWJ or HEWG.
Correlation
The correlation between HEWJ and HEWG is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
HEWJ vs. HEWG - Performance Comparison
Key characteristics
Returns By Period
HEWJ
22.45%
1.08%
2.03%
23.61%
14.33%
10.05%
HEWG
N/A
N/A
N/A
N/A
N/A
N/A
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HEWJ vs. HEWG - Expense Ratio Comparison
HEWJ has a 0.49% expense ratio, which is lower than HEWG's 0.53% expense ratio.
Risk-Adjusted Performance
HEWJ vs. HEWG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Currency Hedged MSCI Japan ETF (HEWJ) and iShares Currency Hedged MSCI Germany ETF (HEWG). 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.
Not enough dataDividends
HEWJ vs. HEWG - Dividend Comparison
HEWJ's dividend yield for the trailing twelve months is around 3.48%, while HEWG has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
HEWJ iShares Currency Hedged MSCI Japan ETF | 2.24% | 2.03% | 47.67% | 2.03% | 1.20% | 2.78% | 1.37% | 1.21% | 1.88% | 3.25% | 2.15% |
HEWG iShares Currency Hedged MSCI Germany ETF | 5.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HEWJ vs. HEWG - Drawdown Comparison
Volatility
HEWJ vs. HEWG - Volatility Comparison
iShares Currency Hedged MSCI Japan ETF (HEWJ) has a higher volatility of 5.02% compared to iShares Currency Hedged MSCI Germany ETF (HEWG) at 0.00%. This indicates that HEWJ's price experiences larger fluctuations and is considered to be riskier than HEWG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.