IGGY vs. HAWX
IGGY (AB International Growth ETF) and HAWX (iShares Currency Hedged MSCI ACWI ex U.S. ETF) are both Foreign Large Cap Equities funds. IGGY is actively managed, while HAWX is passively managed. Their correlation of 0.88 suggests significant overlap in exposure. IGGY charges 0.55%/yr vs 0.35%/yr for HAWX.
Performance
IGGY vs. HAWX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IGGY achieves a -2.55% return, which is significantly lower than HAWX's 16.03% return.
IGGY
- 1D
- -0.41%
- 1M
- -0.36%
- YTD
- -2.55%
- 6M
- -3.36%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HAWX
- 1D
- -0.95%
- 1M
- 0.88%
- YTD
- 16.03%
- 6M
- 15.76%
- 1Y
- 34.15%
- 3Y*
- 21.25%
- 5Y*
- 12.62%
- 10Y*
- 12.48%
IGGY vs. HAWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IGGY AB International Growth ETF | -2.55% | -3.42% |
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF | 16.03% | 7.49% |
Correlation
The correlation between IGGY and HAWX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 17, 2025 | 0.88 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IGGY vs. HAWX — Risk / Return Rank
IGGY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HAWX
IGGY vs. HAWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB International Growth ETF (IGGY) and iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IGGY | HAWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.46 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.65 | — |
| Martin ratioReturn relative to average drawdown | — | 14.95 | — |
Loading charts...
Drawdowns
IGGY vs. HAWX - Drawdown Comparison
The maximum IGGY drawdown since its inception was -19.69%, smaller than the maximum HAWX drawdown of -30.63%. Use the drawdown chart below to compare losses from any high point for IGGY and HAWX.
Loading charts...
Drawdown Indicators
| IGGY | HAWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.69% | -30.63% | +10.94% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.39% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.30% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.47% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.63% | — |
Current DrawdownCurrent decline from peak | -8.63% | -3.03% | -5.60% |
Average DrawdownAverage peak-to-trough decline | -7.39% | -4.27% | -3.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.29% | — |
Volatility
IGGY vs. HAWX - Volatility Comparison
Loading charts...
Volatility by Period
| IGGY | HAWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.60% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.66% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.04% | 14.29% | +5.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.04% | 13.60% | +6.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.04% | 15.27% | +4.77% |
IGGY vs. HAWX - Expense Ratio Comparison
IGGY has a 0.55% expense ratio, which is higher than HAWX's 0.35% expense ratio.
Dividends
IGGY vs. HAWX - Dividend Comparison
IGGY has not paid dividends to shareholders, while HAWX's dividend yield for the trailing twelve months is around 2.42%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF | 2.42% | 2.80% | 3.31% | 2.95% | 16.94% | 2.63% | 2.00% | 3.23% | 2.51% | 2.40% | 2.49% | 3.86% |
IGGY AB International Growth ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IGGY and HAWX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HAWX is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HAWX is cheaper with a 0.35% expense ratio, compared with 0.55% for IGGY.
HAWX has the higher dividend yield at 2.42%, compared with 0.00% for IGGY.
They also come from different issuers: AllianceBernstein and iShares. Their fees differ too: 0.55% for IGGY and 0.35% for HAWX.
Find the right allocation for IGGY and HAWX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer