HEZU vs. EWT
Compare and contrast key facts about iShares Currency Hedged MSCI Eurozone ETF (HEZU) and iShares MSCI Taiwan ETF (EWT).
HEZU and EWT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HEZU is a passively managed fund by iShares that tracks the performance of the MSCI EMU 100% USD Hedged Index. It was launched on Jul 9, 2014. EWT is a passively managed fund by iShares that tracks the performance of the MSCI Taiwan Index. It was launched on Jun 20, 2000. Both HEZU and EWT 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: HEZU or EWT.
Key characteristics
| HEZU | EWT | |
|---|---|---|
| YTD Return | 9.44% | 19.92% |
| 1Y Return | 19.26% | 35.82% |
| 3Y Return (Ann) | 6.33% | 5.54% |
| 5Y Return (Ann) | 9.08% | 14.36% |
| 10Y Return (Ann) | 9.06% | 11.21% |
| Sharpe Ratio | 1.60 | 1.84 |
| Sortino Ratio | 2.21 | 2.43 |
| Omega Ratio | 1.28 | 1.32 |
| Calmar Ratio | 2.01 | 1.83 |
| Martin Ratio | 7.37 | 8.69 |
| Ulcer Index | 2.63% | 4.38% |
| Daily Std Dev | 12.11% | 20.71% |
| Max Drawdown | -38.80% | -64.26% |
| Current Drawdown | -3.75% | -2.95% |
Correlation
The correlation between HEZU and EWT is 0.59, 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
HEZU vs. EWT - Performance Comparison
In the year-to-date period, HEZU achieves a 9.44% return, which is significantly lower than EWT's 19.92% return. Over the past 10 years, HEZU has underperformed EWT with an annualized return of 9.06%, while EWT has yielded a comparatively higher 11.21% annualized return. 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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HEZU vs. EWT - Expense Ratio Comparison
HEZU has a 0.52% expense ratio, which is lower than EWT's 0.59% expense ratio.
Risk-Adjusted Performance
HEZU vs. EWT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Currency Hedged MSCI Eurozone ETF (HEZU) and iShares MSCI Taiwan ETF (EWT). 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
HEZU vs. EWT - Dividend Comparison
HEZU's dividend yield for the trailing twelve months is around 2.81%, less than EWT's 10.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HEZU iShares Currency Hedged MSCI Eurozone ETF | 2.81% | 2.52% | 23.26% | 2.25% | 2.32% | 5.40% | 3.48% | 1.92% | 3.11% | 2.68% | 1.15% | 0.00% |
EWT iShares MSCI Taiwan ETF | 10.01% | 12.01% | 18.82% | 2.64% | 1.83% | 2.49% | 3.16% | 2.81% | 2.39% | 3.12% | 1.93% | 1.82% |
Drawdowns
HEZU vs. EWT - Drawdown Comparison
The maximum HEZU drawdown since its inception was -38.80%, smaller than the maximum EWT drawdown of -64.26%. Use the drawdown chart below to compare losses from any high point for HEZU and EWT. For additional features, visit the drawdowns tool.
Volatility
HEZU vs. EWT - Volatility Comparison
The current volatility for iShares Currency Hedged MSCI Eurozone ETF (HEZU) is 3.64%, while iShares MSCI Taiwan ETF (EWT) has a volatility of 5.05%. This indicates that HEZU experiences smaller price fluctuations and is considered to be less risky than EWT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.