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Launched · SEC filings

iShares Currency Hedged MSCI ACWI ex U.S. ETF

HAWXNYSE ArcaC

$45.35−0.07 (−0.15%)

As of Oct 13, 2026, 3:54 PM

C41/ 100

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

C41/100Rank 4 of 5inInternational Stocks (USD-Hedged)
Intraday session: down, 24 prints from 45.42 to 45.35. Range 45.21 to 45.49. Use the arrow keys to read each point.45.2045.2545.3045.5010 AM12 PM2 PM4 PM
Expense ratio
0.70%
Fund size
$348M
1Y total return
+23.9%
Yield · Last 12 months
2.49%
Holdings
1900
Avg volume · 30D
0M sh
NAV per share
$45.51
52W range
low $37.90high $47.43
Launched
Filings
SEC EDGAR

The ETF.net HAWX Grade

Based on 5 of 6 pillars

C

Score 41 out of 100

Category
International Stocks (USD-Hedged)⁠
Rank
4 of 5
Six-pillar profile for HAWX. Scores out of 100: Cost 28, Risk 57, Mission not scored, Tradability 34, Holdings 64, Durability 53. Strongest: Holdings (64). Weakest: Cost (28). Based on 5 of 6 pillars.

Score 41 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D28 out of 100
    Rank 4 of 5

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B57 out of 100
    Rank 2 of 5

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D34 out of 100
    Rank 4 of 5

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B64 out of 100
    Rank 2 of 5

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C53 out of 100
    Rank 3 of 5

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 Oct 12, 2026
Asset class
Stocks
Holdings
1,900
Top-10 weight
16%
Largest holding
2330.TW5.3%

Geography

  • Japan14.61%
  • Taiwan (Province of China)9.88%
  • Canada8.07%
  • United Kingdom7.89%
  • Korea (the Republic of)7.07%
  • China5.80%
  • Switzerland5.68%
  • Germany4.95%
  • Other countries (43)36.06%

Developed 66% · Emerging 34% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 127.
#TickerCompanyWeight %SharesMarket valueIn ETFs
0012330.TWTaiwan Semiconductor Manufacturing5.34%232,452$19M176
002005930.KSSamsung Electronics Ltd2.48%44,245$9M176
003ASML.ASAsml Holding1.89%3,656$7M195
004000660.KSSk Hynix1.88%5,231$7M187
0050700.HKTencent Holdings0.91%58,582$3M152
006HSBA.LHsbc Holdings PLC0.86%161,538$3M144
007ROP.SWRoche Ps Par AG0.82%6,662$3M199
008SHEL.LShell0.79%54,685$3M155
009RY.TORoyal Bank of Canada0.73%13,159$3M92
010NOVN.SWNovartis AG0.72%17,366$2M185
011AZN.LAstrazeneca PLC0.65%14,191$2M162
0128306.TMitsubishi Ufj Financial Group0.64%102,020$2M158
013NESN.SWNestle SA0.64%24,301$2M162
0149988.HKAlibaba Group Holding0.63%161,047$2M125
015SIE.DESiemens N AG0.61%6,916$2M153

Showing 1–15 of 1900 holdings

HAWX Performance

Launched Jun 29, 2015

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

HAWX$12,394
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. HAWX $12,394. SPY $12,044. Use the arrow keys to read each point.$9,531$11,228$12,925Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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+16.3%
1 month−0.5%
3 months−0.4%
1 year+23.9%
3 yearsper year+21.3%
5 yearsper year+13.2%
10 yearsper year+11.6%

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+16.3%
2025+26.2%
2024+14.9%
2023+17.0%
2022−8.6%
2021+13.4%
2020+6.9%

HAWX in the news

Filtered to HAWX · International Stocks (USD-Hedged)

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 Oct 12, 2026.
2.49%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 Sep 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.
1.72
vs 3-month T-bills · to Sep 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 0.46%

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 $46.00.

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