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ETFs

iShares Currency Hedged MSCI ACWI ex U.S. ETF

HAWX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 29 2015
Expense Ratio
0.35%
Type
Global Ex. US Equities
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$355,132
AUM
$175,698,706
Associated Index
MSCI ACWI ex USA 100% Hedged to USD Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

ACWX
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ex US ETF
99.93%
n/a
EUR/USD
0.43%
n/a
GBP/USD
0.32%
n/a
JPY/USD
0.29%
n/a
CHF/USD
0.18%
XTSLA
BLK CSH FND TREASURY SL AGENCY
0.06%
n/a
TWD/USD
0.04%
n/a
DKK/USD
0.04%
n/a
SEK/USD
0.03%
n/a
KRW/USD
0.03%
Invest with HAWX

What is HAWX?

The iShares Currency Hedged MSCI ACWI ex U.S. ETF seeks to track the investment results of an index composed of large- and mid-capitalization developed and emerging equities while mitigating exposure to fluctuations between the value of the component currencies and the U.S. dollar. The MSCI ACWI ex USA US Dollar Hedged Index represents a close estimation of the performance that can be achieved by hedging the currency exposures of its parent index, the MSCI ACWI ex USA Index, to the USD, the "home" currency for the hedged index. The index is 100% hedged to the USD by selling each foreign currency forward at the one-month Forward weight. The parent index is composed of large and mid cap stocks across 22 Developed Markets (DM) countries and 23 Emerging Markets (EM) countries.

ETFs related toHAWX

ETFs correlated to HAWX include DBEF, HEFA, HFXI

HAWX
BlackRock Institutional Trust Company N.A. - iShares Currency Hedged MSCI ACWI ex U.S. ETF
DBEF
DBX ETF Trust - Xtrackers MSCI EAFE Hedged Equity ETF
HEFA
BlackRock Institutional Trust Company N.A. - iShares Currency Hedged MSCI EAFE ETF
HFXI
IndexIQ ETF Trust - IQ FTSE International Equity Currency Neutral ETF
ACWX
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ex US ETF
CWI
SSgA Active Trust - SPDR MSCI ACWI ex-US ETF
IXUS
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Total International Stock ETF
VEU
Vanguard Group, Inc. - Vanguard FTSE All-World ex-US ETF
VXUS
Vanguard Group, Inc. - Vanguard Total International Stock ETF
HEZU
BlackRock Institutional Trust Company N.A. - iShares Currency Hedged MSCI EMU ETF
DBEU
DBX ETF Trust - Xtrackers MSCI Europe Hedged Equity ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toHAWX

#DPE

Diversify with Private Equity

Category

Getting Started, Go Global, Diversification

Risk Rating

Moderate

#DGE

Diversify with Global Exposure

Category

Momentum, Tactical Asset Allocation, Go Global, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with HAWX using Composer

FAQ

HAWX is a Global Ex. US Equities ETF. The iShares Currency Hedged MSCI ACWI ex U.S. ETF seeks to track the investment results of an index composed of large- and mid-capitalization developed and emerging equities while mitigating exposure to fluctuations between the value of the component currencies and the U.S. dollar. The MSCI ACWI ex USA US Dollar Hedged Index represents a close estimation of the performance that can be achieved by hedging the currency exposures of its parent index, the MSCI ACWI ex USA Index, to the USD, the "home" currency for the hedged index. The index is 100% hedged to the USD by selling each foreign currency forward at the one-month Forward weight. The parent index is composed of large and mid cap stocks across 22 Developed Markets (DM) countries and 23 Emerging Markets (EM) countries.

HAWX tracks the MSCI ACWI ex USA 100% Hedged to USD Index.

No, HAWX is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, HAWX is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on HAWX is 0.009%. This is the percent change in the value of HAWX over the most recent 1-month period. The 3-month return on HAWX is 0.0087%. This is the percent change in the value of HAWX over the most recent 3-month period.

The standard deviation of HAWX for the past year is 0.1753%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to HAWX include DBAW, EZU, and VEA.

ETFs correlated to HAWX include DBEF, HEFA, and HFXI.

ETFs that are inversely correlated to HAWX include EFZ, EPV, and EDZ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.