PWJZX vs. HAWX
Compare and contrast key facts about PGIM Jennison International Opportunities Fund (PWJZX) and iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX).
PWJZX is managed by PGIM Investments. It was launched on Jun 4, 2012. HAWX is a passively managed fund by iShares that tracks the performance of the MSCI ACWI ex USA 100% Hedged to USD. It was launched on Jun 29, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PWJZX or HAWX.
Key characteristics
| PWJZX | HAWX | |
|---|---|---|
| YTD Return | 12.17% | 15.37% |
| 1Y Return | 27.65% | 22.33% |
| 3Y Return (Ann) | -5.87% | 7.47% |
| 5Y Return (Ann) | 10.57% | 9.57% |
| Sharpe Ratio | 1.64 | 2.10 |
| Sortino Ratio | 2.33 | 2.81 |
| Omega Ratio | 1.29 | 1.38 |
| Calmar Ratio | 0.70 | 2.49 |
| Martin Ratio | 8.37 | 11.85 |
| Ulcer Index | 3.42% | 1.93% |
| Daily Std Dev | 17.45% | 10.87% |
| Max Drawdown | -48.22% | -30.64% |
| Current Drawdown | -21.42% | -1.71% |
Correlation
The correlation between PWJZX and HAWX is 0.69, 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
PWJZX vs. HAWX - Performance Comparison
In the year-to-date period, PWJZX achieves a 12.17% return, which is significantly lower than HAWX's 15.37% 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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PWJZX vs. HAWX - Expense Ratio Comparison
PWJZX has a 0.90% expense ratio, which is higher than HAWX's 0.35% expense ratio.
Risk-Adjusted Performance
PWJZX vs. HAWX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison International Opportunities Fund (PWJZX) 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.
Dividends
PWJZX vs. HAWX - Dividend Comparison
PWJZX's dividend yield for the trailing twelve months is around 0.08%, less than HAWX's 2.73% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PWJZX PGIM Jennison International Opportunities Fund | 0.08% | 0.09% | 0.00% | 0.09% | 0.00% | 0.00% | 0.06% | 0.17% | 0.24% | 0.00% | 0.00% | 3.49% |
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF | 2.73% | 2.95% | 16.94% | 2.63% | 2.00% | 3.23% | 2.51% | 2.40% | 2.49% | 3.86% | 0.00% | 0.00% |
Drawdowns
PWJZX vs. HAWX - Drawdown Comparison
The maximum PWJZX drawdown since its inception was -48.22%, which is greater than HAWX's maximum drawdown of -30.64%. Use the drawdown chart below to compare losses from any high point for PWJZX and HAWX. For additional features, visit the drawdowns tool.
Volatility
PWJZX vs. HAWX - Volatility Comparison
PGIM Jennison International Opportunities Fund (PWJZX) has a higher volatility of 5.65% compared to iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) at 3.88%. This indicates that PWJZX's price experiences larger fluctuations and is considered to be riskier than HAWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.