HAWX vs SCHD
HAWX vs SCHD
iShares Currency Hedged MSCI ACWI ex US ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. HAWX delivered stronger 1-year returns. HAWX offers more diversification with 1379 holdings.
Side-by-Side Comparison
| Metric | HAWX | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.06% | |
| AUM | $346M | $103.7B | |
| Dividend Yield | 2.38% | 3.31% | |
| Holdings | 2,085 | 104 | |
| YTD Return | +15.90% | +23.31% | |
| 1Y Return | +32.81% | +30.42% | |
| 3Y Return (annualized) | +21.15% | +14.66% | |
| 5Y Return (annualized) | +13.12% | +9.59% | |
| Volatility (annualized) | 12.4% | 13.6% | |
| Max Drawdown | -30.6% | -33.4% | |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Jun 29, 2015 | Oct 20, 2011 |
HAWX vs SCHD Performance
iShares Currency Hedged MSCI ACWI ex US ETF (HAWX) is a ETF from iShares by BlackRock (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year HAWX returned +32.81% while SCHD returned +30.42%. Year to date, HAWX is up 15.90% versus a gain of 23.31% for SCHD.
Over three years, HAWX compounded at +21.15% per year against +14.66% for SCHD; over five years the annualized figures are +13.12% and +9.59% respectively. Across the full 11-year window we track, SCHD has the edge at +11.34% annualized vs +8.50%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% 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 -33.4% for SCHD. 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HAWX charges 0.35% per year while SCHD charges 0.06%. On a $10,000 position that is $35 vs $6 annually, a gap of $29 per year that compounds over a long holding period. On income, HAWX currently yields 2.38% against 3.31% for SCHD.
Holdings Overlap
HAWX and SCHD share 2 holdings out of 1477 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, HAWX or SCHD?
HAWX has an expense ratio of 0.35% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $29 per year of difference.
Which performed better, HAWX or SCHD?
Over the past year HAWX returned +32.81% vs +30.42% for SCHD, so HAWX leads on 1-year performance. Over the longest common window we track (11 years), HAWX annualized +8.50% vs +11.34% for SCHD. Past performance does not guarantee future results.
Which is riskier, HAWX or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 12.4% for HAWX. Worst drawdown: HAWX -30.6% vs SCHD -33.4%.
Should I hold both HAWX and SCHD?
HAWX and SCHD have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HAWX and SCHD?
HAWX and SCHD share 2 common holdings with a 0.2% weight overlap. Combined, they hold 1477 unique securities.
Which pays a higher dividend, HAWX or SCHD?
HAWX yields 2.38% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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