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HAWX

GradeCNew York Stock Exchange Arca

iShares Currency Hedged MSCI ACWI ex U.S. ETF

Broad Stock Market · IShares · Inception 2015-06-28 · SEC filings

$45.80−0.61 (−1.32%)

As of Sep 23, 2026, 1:09 PM EDT

Intraday session: down, 7 prints from 46.41 to 45.80. Range 45.80 to 46.17. Use the arrow keys to read each point.$45.90$46.00$46.10$46.2010 AM12 PM2 PM4 PM
Expense ratio
0.70%
Fund size
$351M
1Y return
+26.8%
Yield · Last 12 months
2.43%
Volume · 30D
0M sh
NAV per share
$46.23
52W range
low $37.37high $47.43

The ETF.net HAWX Grade

C

44/ 100

Rank 4 of 5 in International Stocks (USD-Hedged)⁠

Confidence Medium

Six-pillar profile for HAWX. Scores out of 100: Cost 28, Risk 64, Mission not scored, Tradability 33, Holdings 74, Durability 54. Strongest: Holdings (74). Weakest: Cost (28). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 44 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 28
    Category rank4/5 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 64
    Category rank1/5 · top 20%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 33
    Category rank5/5 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 74
    Category rank2/5 · top 40%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 54
    Category rank3/5 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on HAWX

ETF.net Research

CInternational stocks without the currency ride. HAWX tracks a broad developed-plus-emerging ex-US index that is 100% hedged back to the US dollar, so results lean on the shares themselves rather than foreign exchange swings.

Stated mandate

The Fund seeks to track an index of international equities excluding the United States while mitigating the effect of currency movements.

Why people hold it

  1. 01One ticker for developed and emerging markets outside the US, with the currency layer built into the mandate instead of bolted on.
  2. 02The benchmark is the MSCI ACWI ex USA 100% Hedged to USD Index, so foreign-currency exposure is neutralized by design rather than left to drift.ishares.com
  3. 03Trading since 2015 under the iShares banner, so it has operated through both strong-dollar and weak-dollar stretches.
  4. 04With the currency swing hedged out, it measures up as one of the steadier profiles among broad international stock funds on risk metrics.

Worth knowing

  1. 01The hedge is a paid feature: 0.70% a year, against 0.32% for the unhedged iShares sibling ACWX and 0.07% for IXUS.
  2. 02Hedging cuts both ways. When the dollar weakens, this fund forgoes the currency tailwind an unhedged ex-US fund would pick up.
  3. 03Thinly traded next to the giants of the category, so bid-ask spreads and order type matter more at entry and exit.

HAWX Holdings

As of Sep 22, 2026, 3:56 AM
Asset class
Stocks
Holdings
—
Top-10 weight
16%
Largest holding
2330.TW5.1%

Sectors

  • Financials25.5%
  • Technology21.7%
  • Industrials13.5%
  • Materials7.0%
  • Health Care6.9%
  • Consumer Discr.6.8%
  • Cons. Staples4.9%
  • Energy4.9%
  • Communication4.7%
  • Utilities2.9%
  • Real Estate1.2%

Geography

  • Japan14.41%
  • Taiwan (Province of China)9.15%
  • Canada8.18%
  • United Kingdom8.13%
  • Korea (the Republic of)6.89%
  • China5.97%
  • Switzerland5.76%
  • Germany5.11%
  • Other countries (43)36.39%

Developed 67% · Emerging 33% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 128.
#TickerCompanyWeight %SharesMarket valueIn ETFs
0012330.TWTAIWAN SEMICONDUCTOR MANUFACTURING5.10%227,998$18M175
002005930.KSSAMSUNG ELECTRONICS LTD2.36%43,252$8M176
003000660.KSSK HYNIX1.98%5,111$7M184
004ASML.ASASML HOLDING1.72%3,593$6M194
005HSBA.LHSBC HOLDINGS PLC0.92%157,983$3M145
0060700.HKTENCENT HOLDINGS0.88%56,856$3M153
007ROP.SWROCHE PS PAR AG0.81%6,471$3M196
008RY.TOROYAL BANK OF CANADA0.75%12,850$3M92
009SHEL.LSHELL PLC0.70%51,448$2M159
010NOVN.SWNOVARTIS AG0.68%16,966$2M183
011AZN.LASTRAZENECA PLC0.67%13,937$2M164
0128306.TMITSUBISHI UFJ FINANCIAL GROUP0.66%99,028$2M155
013NESN.SWNESTLE SA0.64%23,842$2M162
0149988.HKALIBABA GROUP HOLDING0.62%155,136$2M128
015BHP.AXBHP GROUP LTD0.59%46,873$2M151

Showing 1–15 of 1907 holdings

HAWX Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

HAWX$12,679
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. HAWX $12,679. SPY $11,723. Use the arrow keys to read each point.$9,273$11,147$13,022Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for HAWX. Periods over one year show the average yearly return.
PeriodHAWX
Year to date+18.9%
1 month+0.9%
3 months−0.7%
1 year+26.8%
3 years+22.0%per year
5 years+13.4%per year
10 years+11.8%per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for HAWX
YearReturn barHAWX
2026 YTD+18.9%
2025+26.2%
2024+14.9%
2023+17.0%
2022−8.6%
2021+13.4%
2020+6.9%

HAWX in the news

ETF.net Research hasn’t filed on HAWX yet — coverage lands here as it’s written.

HAWX Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
2.43%Last 12 months
Payout per share
$1.13Last 12 months
Last payment
$0.50 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2017–2026

One bar per payment. 21 payments from 2017 to 2026 YTD. Jul 6, 2017 $0.36; Dec 28, 2017 $0.29; Jul 3, 2018 $0.38; Dec 28, 2018 $0.21; Jul 2, 2019 $0.45; Dec 24, 2019 $0.45; Jul 2, 2020 $0.32; Dec 24, 2020 $0.27; Jul 2, 2021 $0.33; Dec 23, 2021 $0.47; Dec 30, 2021 $0.05; Jul 5, 2022 $0.50; Dec 2, 2022 $3.62; Dec 23, 2022 $0.20; Jul 3, 2023 $0.45; Dec 22, 2023 $0.41; Jul 2, 2024 $0.49; Dec 20, 2024 $0.58; Jul 2, 2025 $0.48; Dec 23, 2025 $0.63; Jul 2, 2026 $0.50. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jul 2, 2026Jul 8, 2026$0.50
Dec 23, 2025Dec 29, 2025$0.63
Jul 2, 2025Jul 8, 2025$0.48
Dec 20, 2024Dec 26, 2024$0.58
Jul 2, 2024Jul 8, 2024$0.49
Dec 22, 2023Dec 29, 2023$0.41
Jul 3, 2023Jul 10, 2023$0.45
Dec 23, 2022Dec 30, 2022$0.20
Dec 2, 2022Dec 8, 2022$3.62
Jul 5, 2022Jul 11, 2022$0.50
Dec 30, 2021Jan 5, 2022$0.05
Dec 23, 2021Dec 30, 2021$0.47

HAWX Risk

How much the fund’s monthly returns vary, scaled to a year.
9.0%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.70
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−17.5%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.59
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

HAWX Cost

Expense ratio0.70%
  • The middle half of International Stocks (USD-Hedged) funds
  • Median 0.45%

3 of the 5 International Stocks (USD-Hedged) funds charge less.

HAWX costs $70.00 a year on $10,000. The median International Stocks (USD-Hedged) fund costs $45.00.