ITOL vs. HAWX
ITOL (Tema International Durable Quality ETF) and HAWX (iShares Currency Hedged MSCI ACWI ex U.S. ETF) are both Foreign Large Cap Equities funds. ITOL is actively managed, while HAWX is passively managed. A 0.72 correlation means they provide meaningful diversification when combined. ITOL charges 0.60%/yr vs 0.35%/yr for HAWX.
Performance
ITOL vs. HAWX - Performance Comparison
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Returns By Period
In the year-to-date period, ITOL achieves a 0.58% return, which is significantly lower than HAWX's 16.83% return.
ITOL
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- -2.23%
- YTD
- 0.58%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HAWX
- 1D
- 0.10%
- 1M
- 1.49%
- 6M
- 12.50%
- YTD
- 16.83%
- 1Y
- 33.61%
- 3Y*
- 21.68%
- 5Y*
- 12.98%
- 10Y*
- 12.37%
ITOL vs. HAWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ITOL Tema International Durable Quality ETF | 0.58% | 3.85% |
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF | 16.83% | 8.43% |
Correlation
The correlation between ITOL and HAWX is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 11, 2025 | 0.72 |
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Return for Risk
ITOL vs. HAWX — Risk / Return Rank
ITOL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HAWX
ITOL vs. HAWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tema International Durable Quality ETF (ITOL) 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.
| ITOL | HAWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.43 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.52 | — |
| Martin ratioReturn relative to average drawdown | — | 14.11 | — |
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Drawdowns
ITOL vs. HAWX - Drawdown Comparison
The maximum ITOL drawdown since its inception was -15.54%, smaller than the maximum HAWX drawdown of -30.63%. Use the drawdown chart below to compare losses from any high point for ITOL and HAWX.
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Drawdown Indicators
| ITOL | HAWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.54% | -30.63% | +15.09% |
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 | -5.46% | -2.36% | -3.10% |
Average DrawdownAverage peak-to-trough decline | -3.80% | -4.26% | +0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.34% | — |
Volatility
ITOL vs. HAWX - Volatility Comparison
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Volatility by Period
| ITOL | HAWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.18% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.88% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.74% | 14.55% | +2.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.74% | 13.63% | +3.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.74% | 15.30% | +1.44% |
ITOL vs. HAWX - Expense Ratio Comparison
ITOL has a 0.60% expense ratio, which is higher than HAWX's 0.35% expense ratio.
Dividends
ITOL vs. HAWX - Dividend Comparison
ITOL's dividend yield for the trailing twelve months is around 0.13%, less than HAWX's 2.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF | 2.48% | 2.80% | 3.31% | 2.95% | 16.94% | 2.63% | 2.00% | 3.23% | 2.51% | 2.40% | 2.49% | 3.86% |
ITOL Tema International Durable Quality ETF | 0.13% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ITOL and HAWX have a correlation of 0.72, 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 0.60% for ITOL.
HAWX has the higher dividend yield at 2.48%, compared with 0.13% for ITOL.
They also come from different issuers: Tema and iShares. Their fees differ too: 0.60% for ITOL and 0.35% for HAWX.
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