TBWIX vs. HAWX
Compare and contrast key facts about Thornburg Better World International Fund (TBWIX) and iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX).
TBWIX is managed by Thornburg. It was launched on Sep 30, 2015. 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: TBWIX or HAWX.
Performance
TBWIX vs. HAWX - Performance Comparison
Returns By Period
In the year-to-date period, TBWIX achieves a 7.36% return, which is significantly lower than HAWX's 13.77% return.
TBWIX
7.36%
-4.40%
-0.69%
12.61%
6.87%
N/A
HAWX
13.77%
-1.98%
1.37%
18.39%
8.60%
N/A
Key characteristics
| TBWIX | HAWX | |
|---|---|---|
| Sharpe Ratio | 1.07 | 1.69 |
| Sortino Ratio | 1.54 | 2.26 |
| Omega Ratio | 1.19 | 1.31 |
| Calmar Ratio | 0.45 | 1.97 |
| Martin Ratio | 5.06 | 9.38 |
| Ulcer Index | 2.41% | 1.92% |
| Daily Std Dev | 11.43% | 10.70% |
| Max Drawdown | -41.06% | -30.64% |
| Current Drawdown | -17.73% | -3.07% |
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TBWIX vs. HAWX - Expense Ratio Comparison
TBWIX has a 1.21% expense ratio, which is higher than HAWX's 0.35% expense ratio.
Correlation
The correlation between TBWIX and HAWX is 0.71, 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.
Risk-Adjusted Performance
TBWIX vs. HAWX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Thornburg Better World International Fund (TBWIX) 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
TBWIX vs. HAWX - Dividend Comparison
TBWIX's dividend yield for the trailing twelve months is around 1.44%, less than HAWX's 2.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
TBWIX Thornburg Better World International Fund | 1.44% | 1.55% | 0.87% | 0.25% | 0.40% | 1.17% | 1.95% | 1.05% | 0.50% | 0.00% |
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF | 2.77% | 2.95% | 16.94% | 2.63% | 2.00% | 3.22% | 2.51% | 2.40% | 2.49% | 3.86% |
Drawdowns
TBWIX vs. HAWX - Drawdown Comparison
The maximum TBWIX drawdown since its inception was -41.06%, which is greater than HAWX's maximum drawdown of -30.64%. Use the drawdown chart below to compare losses from any high point for TBWIX and HAWX. For additional features, visit the drawdowns tool.
Volatility
TBWIX vs. HAWX - Volatility Comparison
Thornburg Better World International Fund (TBWIX) has a higher volatility of 3.44% compared to iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) at 2.96%. This indicates that TBWIX'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.