HAWX vs IVV
HAWX vs IVV
iShares Currency Hedged MSCI ACWI ex US ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. HAWX delivered stronger 1-year returns. HAWX offers more diversification with 1379 holdings.
Side-by-Side Comparison
| Metric | HAWX | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.03% | |
| AUM | $346M | $865.2B | |
| Dividend Yield | 2.38% | 1.09% | |
| Holdings | 2,085 | 508 | |
| YTD Return | +15.90% | +13.31% | |
| 1Y Return | +32.81% | +24.00% | |
| 3Y Return (annualized) | +21.15% | +21.16% | |
| 5Y Return (annualized) | +13.12% | +13.34% | |
| Volatility (annualized) | 12.4% | 15.1% | |
| Max Drawdown | -30.6% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jun 29, 2015 | May 15, 2000 |
HAWX vs IVV Performance
iShares Currency Hedged MSCI ACWI ex US ETF (HAWX) is a ETF from iShares by BlackRock (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HAWX returned +32.81% while IVV returned +24.00%. Year to date, HAWX is up 15.90% versus a gain of 13.31% for IVV.
Over three years, HAWX compounded at +21.15% per year against +21.16% for IVV; over five years the annualized figures are +13.12% and +13.34% respectively. Across the full 11-year window we track, HAWX has the edge at +8.50% annualized vs +7.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 12.4% for HAWX. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -30.6% for HAWX and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HAWX charges 0.35% per year while IVV charges 0.03%. On a $10,000 position that is $35 vs $3 annually, a gap of $32 per year that compounds over a long holding period. On income, HAWX currently yields 2.38% against 1.09% for IVV.
Holdings Overlap
HAWX and IVV share 3 holdings out of 1881 unique holdings combined, representing a 0.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, HAWX or IVV?
HAWX has an expense ratio of 0.35% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, HAWX or IVV?
Over the past year HAWX returned +32.81% vs +24.00% for IVV, so HAWX leads on 1-year performance. Over the longest common window we track (11 years), HAWX annualized +8.50% vs +7.03% for IVV. Past performance does not guarantee future results.
Which is riskier, HAWX or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 12.4% for HAWX. Worst drawdown: HAWX -30.6% vs IVV -56.5%.
Should I hold both HAWX and IVV?
HAWX and IVV have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HAWX and IVV?
HAWX and IVV share 3 common holdings with a 0.3% weight overlap. Combined, they hold 1881 unique securities.
Which pays a higher dividend, HAWX or IVV?
HAWX yields 2.38% while IVV yields 1.09%, so HAWX currently pays the higher dividend yield.
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