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Launched · SEC filings

iShares Currency Hedged MSCI ACWI ex U.S. ETF

HAWXNYSE ArcaiSharesC

$44.38+0.25 (+0.57%)

At close: Nov 2, 2026, 4:00 PM ET

C44/ 100

Rank 3 of 5 in International Stocks (USD-Hedged)

C44/100Rank 3 of 5inInternational Stocks (USD-Hedged)
Intraday session: up, 79 prints from 44.13 to 44.38. Range 44.38 to 44.69. Use the arrow keys to read each point.44.2044.3044.5044.6044.7010 AM12 PM2 PM4 PM
Expense ratio
0.70%
Fund size
$349M
1Y total return
+15.6%
Yield · Last 12 months
2.56%
Holdings
1892
Avg volume · 30D
21.6K sh
52W range
low $38.15high $47.43
Launched
Filings
SEC EDGAR

The ETF.net HAWX Grade

Based on 5 of 6 pillars

C

Score 44 out of 100

Category
International Stocks (USD-Hedged)⁠
Rank
3 of 5
Six-pillar profile for HAWX. Scores out of 100: Cost 28, Risk 55, Mission not scored, Tradability 46, Holdings 72, Durability 57. Strongest: Holdings (72). Weakest: Cost (28). Based on 5 of 6 pillars.

Score 44 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.
    B55 out of 100
    Rank 3 of 5

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C46 out of 100
    Rank 3 of 5

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A72 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.
    B57 out of 100
    Rank 2 of 5

Our read on HAWX

ETF.net Research

In short

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

  • One ticker for developed and emerging markets outside the US, with the currency layer built into the mandate instead of bolted on.
  • The 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
  • Trading since 2015 under the iShares banner, so it has operated through both strong-dollar and weak-dollar stretches.
  • With the currency swing hedged out, it measures up as one of the steadier profiles among broad international stock funds on risk metrics.

Worth knowing

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

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$11,563
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. HAWX $11,563. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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+13.0%
1 month−2.8%
3 months−2.0%
1 year+15.6%
3 yearsper year+21.4%
5 yearsper year+12.0%
10 yearsper year+11.3%

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+13.0%
2025+26.2%
2024+14.9%
2023+17.0%
2022−8.6%
2021+13.4%
2020+6.9%

HAWX in the news

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 30, 2026.
2.56%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

See all 24 payments⁠

$10,000 in HAWX 10 years ago paid $5,345 in dividends.⁠

HAWX Risk

Risk pillarB55 out of 100Rank 3 of 5 in International Stocks (USD-Hedged)
How much the fund’s monthly returns vary, scaled to a year.
9.0%
Annualised · 36 months to Oct 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 Oct 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.

FMP measures it over up to five years of monthly returns.

HAWX Cost

Compare HAWX and DBAW

Overpaying vs DBAW, cheapest in International Stocks (USD-Hedged)

$5,516

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • HAWX 0.70%

    $13,606

  • DBAW 0.40% Cheapest

    $8,090

$10,000
30 years

Cost over time

  • HAWX 0.70%
  • DBAW 0.40%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530HAWX $13,606DBAW $8,090

Year by year

YearHAWXDBAWOverpaying
10$1,250$723$527
20$4,760$2,793$1,967
30$13,606$8,090$5,516

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