HFXI vs. EQWL
Compare and contrast key facts about IQ 50 Percent Hedged FTSE International ETF (HFXI) and Invesco S&P 100 Equal Weight ETF (EQWL).
HFXI and EQWL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HFXI is a passively managed fund by New York Life that tracks the performance of the FTSE Developed ex North America 50% Hedged to USD Index. It was launched on Jul 22, 2015. EQWL is a passively managed fund by Invesco that tracks the performance of the S&P 100 Equal Weighted. It was launched on Dec 1, 2006. Both HFXI and EQWL 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: HFXI or EQWL.
Key characteristics
| HFXI | EQWL | |
|---|---|---|
| YTD Return | 7.86% | 22.70% |
| 1Y Return | 16.08% | 35.90% |
| 3Y Return (Ann) | 4.48% | 9.48% |
| 5Y Return (Ann) | 7.68% | 14.60% |
| Sharpe Ratio | 1.43 | 3.42 |
| Sortino Ratio | 2.01 | 4.74 |
| Omega Ratio | 1.26 | 1.65 |
| Calmar Ratio | 1.83 | 6.07 |
| Martin Ratio | 7.76 | 23.39 |
| Ulcer Index | 2.12% | 1.53% |
| Daily Std Dev | 11.51% | 10.48% |
| Max Drawdown | -32.42% | -49.36% |
| Current Drawdown | -5.48% | -0.79% |
Correlation
The correlation between HFXI and EQWL is 0.76, 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
HFXI vs. EQWL - Performance Comparison
In the year-to-date period, HFXI achieves a 7.86% return, which is significantly lower than EQWL's 22.70% 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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HFXI vs. EQWL - Expense Ratio Comparison
HFXI has a 0.20% expense ratio, which is lower than EQWL's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
HFXI vs. EQWL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ 50 Percent Hedged FTSE International ETF (HFXI) and Invesco S&P 100 Equal Weight ETF (EQWL). 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
HFXI vs. EQWL - Dividend Comparison
HFXI's dividend yield for the trailing twelve months is around 2.39%, more than EQWL's 1.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HFXI IQ 50 Percent Hedged FTSE International ETF | 2.39% | 2.49% | 4.65% | 3.10% | 2.00% | 3.19% | 4.33% | 2.55% | 3.47% | 0.78% | 0.00% | 0.00% |
EQWL Invesco S&P 100 Equal Weight ETF | 1.78% | 1.97% | 2.12% | 1.65% | 2.01% | 2.04% | 2.23% | 1.27% | 2.01% | 2.03% | 1.74% | 1.61% |
Drawdowns
HFXI vs. EQWL - Drawdown Comparison
The maximum HFXI drawdown since its inception was -32.42%, smaller than the maximum EQWL drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for HFXI and EQWL. For additional features, visit the drawdowns tool.
Volatility
HFXI vs. EQWL - Volatility Comparison
IQ 50 Percent Hedged FTSE International ETF (HFXI) and Invesco S&P 100 Equal Weight ETF (EQWL) have volatilities of 3.42% and 3.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.