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VEFA vs. HAWX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VEFA vs. HAWX

Last updated Jun 30, 2026
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VEFA (VanEck MSCI EAFE Analyst Sentiment ETF) and HAWX (iShares Currency Hedged MSCI ACWI ex U.S. ETF) are both Foreign Large Cap Equities funds. Their correlation of 0.89 suggests significant overlap in exposure.

Performance

VEFA vs. HAWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck MSCI EAFE Analyst Sentiment ETF (VEFA) 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

VEFA

1D
1.06%
1M
0.16%
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—

HAWX

1D
0.64%
1M
1.66%
YTD
16.78%
6M
16.87%
1Y
34.17%
3Y*
21.13%
5Y*
12.90%
10Y*
12.55%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VEFA vs. HAWX - Yearly Performance Comparison

2026 (YTD)
VEFA
VanEck MSCI EAFE Analyst Sentiment ETF		11.09%
HAWX
iShares Currency Hedged MSCI ACWI ex U.S. ETF		11.32%

Correlation

The correlation between VEFA and HAWX is 0.89, 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 Apr 2, 2026

0.89

Compare stocks, funds, or ETFs

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VanEck MSCI EAFE Analyst Sentiment ETF

iShares Currency Hedged MSCI ACWI ex U.S. ETF

Often compared with HAWX:
HAWX vs. HEFAHAWX vs. DBAWHAWX vs. FEDDXHAWX vs. BUFIXHAWX vs. IHDGHAWX vs. DFWIXHAWX vs. DFAIX

Return for Risk

VEFA vs. HAWX — Risk / Return Rank

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

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

HAWX
HAWX Risk / Return Rank: 8585
Overall Rank
HAWX Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
HAWX Sortino Ratio Rank: 8484
Sortino Ratio Rank
HAWX Omega Ratio Rank: 8787
Omega Ratio Rank
HAWX Calmar Ratio Rank: 8181
Calmar Ratio Rank
HAWX Martin Ratio Rank: 8585
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.

VEFA vs. HAWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck MSCI EAFE Analyst Sentiment ETF (VEFA) 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.

VEFAHAWXDifference
Sharpe ratioReturn per unit of total volatility

—

2.40

—

Sortino ratioReturn per unit of downside risk

—

3.20

—

Omega ratioGain probability vs. loss probability

—

1.46

—

Calmar ratioReturn relative to maximum drawdown

—

3.66

—

Martin ratioReturn relative to average drawdown

—

14.93

—

VEFA vs. HAWX - Sharpe Ratio Comparison

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Drawdowns

VEFA vs. HAWX - Drawdown Comparison

The maximum VEFA drawdown since its inception was -5.08%, smaller than the maximum HAWX drawdown of -30.63%. Use the drawdown chart below to compare losses from any high point for VEFA and HAWX.

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Drawdown Indicators

VEFAHAWXDifference

Max Drawdown

Largest peak-to-trough decline

-5.08%

-30.63%

+25.55%

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

-1.36%

-2.40%

+1.04%

Average Drawdown

Average peak-to-trough decline

-1.25%

-4.27%

+3.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

2.29%

—

Volatility

VEFA vs. HAWX - Volatility Comparison

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Volatility by Period

VEFAHAWXDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

6.62%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

12.67%

—

Volatility (1Y)

Calculated over the trailing 1-year period

20.47%

14.31%

+6.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.47%

13.61%

+6.86%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.47%

15.28%

+5.19%

Dividends

VEFA vs. HAWX - Dividend Comparison

VEFA has not paid dividends to shareholders, while HAWX's dividend yield for the trailing twelve months is around 2.40%.

PositionTTM20252024202320222021202020192018201720162015
HAWX
iShares Currency Hedged MSCI ACWI ex U.S. ETF		2.40%2.80%3.31%2.95%16.94%2.63%2.00%3.23%2.51%2.40%2.49%3.86%
VEFA
VanEck MSCI EAFE Analyst Sentiment 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

VEFA and HAWX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HAWX has the higher dividend yield at 2.40%, compared with 0.00% for VEFA.

They also come from different issuers: VanEck and iShares.

Portfolio Optimizer

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