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ETFs

iShares Currency Hedged MSCI Germany ETF

HEWG
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 31 2014
Expense Ratio
0.53%
Type
Global Ex. US Equities
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$952,537
AUM
$38,641,930
Associated Index
MSCI Germany 100% Hedged to USD Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

EWG
BlackRock Institutional Trust Company N.A. - iShares MSCI Germany ETF
99.95%
n/a
Derivatives offset
1.46%
n/a
EUR/USD
0.09%
n/a
EUR/USD
0.06%
n/a
EUR/USD
0.03%
XTSLA
BLK CSH FND TREASURY SL AGENCY
0.03%
n/a
USD CASH
0.02%
n/a
EUR/USD
-0.02%
n/a
EUR/USD
-0.05%
n/a
EUR/USD
-0.06%
Invest with HEWG

What is HEWG?

The iShares Currency Hedged MSCI Germany ETF (the Fund ) seeks to track the investment results of an index composed of large- and mid-capitalization German equities while mitigating exposure to fluctuations between the value of the euro and the U.S. dollar.

ETFs related toHEWG

ETFs correlated to HEWG include HEZU, HEDJ, DBEU

HEWG
BlackRock Institutional Trust Company N.A. - iShares Currency Hedged MSCI Germany ETF
HEZU
BlackRock Institutional Trust Company N.A. - iShares Currency Hedged MSCI EMU ETF
HEDJ
WisdomTree Trust - WisdomTree Europe Hedged Equity Fund
DBEU
DBX ETF Trust - Xtrackers MSCI Europe Hedged Equity ETF
DBEF
DBX ETF Trust - Xtrackers MSCI EAFE Hedged Equity ETF
HEFA
BlackRock Institutional Trust Company N.A. - iShares Currency Hedged MSCI EAFE ETF
EWG
BlackRock Institutional Trust Company N.A. - iShares MSCI Germany ETF
EUSC
WisdomTree Trust - WisdomTree Europe Hedged SmallCap Equity Fund
HFXI
IndexIQ ETF Trust - IQ FTSE International Equity Currency Neutral ETF
EZU
BlackRock Institutional Trust Company N.A. - iShares MSCI EMU ETF
FEZ
SSgA Active Trust - SPDR EURO Stoxx 50 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 toHEWG

#DRAGON

Dragon Portfolio

Category

Go Global

Risk Rating

Aggressive

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

Create your own algorithmic trading strategy with HEWG using Composer

FAQ

HEWG is a Global Ex. US Equities ETF. The iShares Currency Hedged MSCI Germany ETF (the Fund ) seeks to track the investment results of an index composed of large- and mid-capitalization German equities while mitigating exposure to fluctuations between the value of the euro and the U.S. dollar.

HEWG tracks the MSCI Germany 100% Hedged to USD Index.

No, HEWG 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, HEWG 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 HEWG is -0.0236%. This is the percent change in the value of HEWG over the most recent 1-month period. The 3-month return on HEWG is 0.1018%. This is the percent change in the value of HEWG over the most recent 3-month period.

The standard deviation of HEWG for the past year is 0.2183%. 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 HEWG include DBGR, EWJ, and EWW.

ETFs correlated to HEWG include HEZU, HEDJ, and DBEU.

ETFs that are inversely correlated to HEWG include EPV, EFZ, and SKF.

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.