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VDI vs. HAWX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VDI vs. HAWX

Last updated Jul 12, 2026
Documentation

VDI (Virtus International Dividend ETF) and HAWX (iShares Currency Hedged MSCI ACWI ex U.S. ETF) are both Foreign Large Cap Equities funds. VDI is actively managed, while HAWX is passively managed. Their correlation of 0.82 suggests significant overlap in exposure. VDI charges 0.39%/yr vs 0.35%/yr for HAWX.

Performance

VDI vs. HAWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus International Dividend ETF (VDI) and iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VDI achieves a 15.45% return, which is significantly lower than HAWX's 16.83% return.

VDI

1D
0.65%
1M
0.38%
6M
12.85%
YTD
15.45%
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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VDI vs. HAWX - Yearly Performance Comparison

2026 (YTD)2025
VDI
Virtus International Dividend ETF		15.45%3.29%
HAWX
iShares Currency Hedged MSCI ACWI ex U.S. ETF		16.83%2.11%

Correlation

The correlation between VDI and HAWX is 0.82, 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 Dec 3, 2025

0.82

VDI vs. HAWX - Sectors Allocation Comparison

Sectors
VDI
HAWX

Financial Services

35.7%
23.2%

Industrials

14.9%
14.2%

Technology

9.0%
22.5%

Energy

8.0%
4.8%

Basic Materials

7.5%
6.9%

Healthcare

6.2%
6.8%

Utilities

6.1%
3.0%

Consumer Defensive

4.2%
4.8%

Consumer Cyclical

3.4%
7.5%

Communication Services

2.7%
4.9%

Real Estate

2.3%
1.4%

Financial Services

VDI
35.7%
HAWX
23.2%

Industrials

VDI
14.9%
HAWX
14.2%

Technology

VDI
9.0%
HAWX
22.5%

Energy

VDI
8.0%
HAWX
4.8%

Basic Materials

VDI
7.5%
HAWX
6.9%

Healthcare

VDI
6.2%
HAWX
6.8%

Utilities

VDI
6.1%
HAWX
3.0%

Consumer Defensive

VDI
4.2%
HAWX
4.8%

Consumer Cyclical

VDI
3.4%
HAWX
7.5%

Communication Services

VDI
2.7%
HAWX
4.9%

Real Estate

VDI
2.3%
HAWX
1.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Virtus International Dividend ETF

iShares Currency Hedged MSCI ACWI ex U.S. ETF

Often compared with VDI:
VDI vs. VUSVDI vs. VSHYVDI vs. ASMFVDI vs. KMIDVDI vs. VEUVDI vs. ASGMVDI vs. PCLO
Often compared with HAWX:
HAWX vs. HEFAHAWX vs. DBAWHAWX vs. FEDDXHAWX vs. BUFIXHAWX vs. DFWIXHAWX vs. IHDGHAWX vs. DFAIX

Return for Risk

VDI vs. HAWX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VDI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

HAWX
HAWX Risk / Return Rank: 8686
Overall Rank
HAWX Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
HAWX Sortino Ratio Rank: 8585
Sortino Ratio Rank
HAWX Omega Ratio Rank: 8787
Omega Ratio Rank
HAWX Calmar Ratio Rank: 8282
Calmar Ratio Rank
HAWX Martin Ratio Rank: 8686
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VDI vs. HAWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus International Dividend ETF (VDI) 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.

VDIHAWXDifference
Sharpe ratioReturn per unit of total volatility

—

2.27

—

Sortino ratioReturn per unit of downside risk

—

3.03

—

Omega ratioGain probability vs. loss probability

—

1.43

—

Calmar ratioReturn relative to maximum drawdown

—

3.52

—

Martin ratioReturn relative to average drawdown

—

14.11

—

VDI vs. HAWX - Sharpe Ratio Comparison

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Drawdowns

VDI vs. HAWX - Drawdown Comparison

The maximum VDI drawdown since its inception was -10.40%, smaller than the maximum HAWX drawdown of -30.63%. Use the drawdown chart below to compare losses from any high point for VDI and HAWX.

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Drawdown Indicators

VDIHAWXDifference

Max Drawdown

Largest peak-to-trough decline

-10.40%

-30.63%

+20.23%

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 Drawdown

Current decline from peak

-0.79%

-2.36%

+1.57%

Average Drawdown

Average peak-to-trough decline

-1.72%

-4.26%

+2.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

2.34%

—

Volatility

VDI vs. HAWX - Volatility Comparison

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Volatility by Period

VDIHAWXDifference

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

16.21%

14.55%

+1.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.21%

13.63%

+2.58%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.21%

15.30%

+0.91%

VDI vs. HAWX - Expense Ratio Comparison

VDI has a 0.39% expense ratio, which is higher than HAWX's 0.35% expense ratio.

Dividends

VDI vs. HAWX - Dividend Comparison

VDI's dividend yield for the trailing twelve months is around 2.32%, less than HAWX's 2.48% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
VDI
Virtus International Dividend ETF		2.32%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

VDI and HAWX have a correlation of 0.82, 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 0.39% for VDI.

HAWX has the higher dividend yield at 2.48%, compared with 2.32% for VDI.

They also come from different issuers: Virtus and iShares. Their fees differ too: 0.39% for VDI and 0.35% for HAWX.

Portfolio Optimizer

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