HEWG

iShares Currency Hedged MSCI Germany ETF
D

45
  • Overview
  • Efficiency
  • Tradability
  • Fit

HEWG Fund Description

The iShares Currency Hedged MSCI Germany ETF tracks an index of large- and midcap German stocks, while fully hedging out its exposure to the euro relative to the US dollar.

HEWG Factset Analytics Insight

HEWG is currently the largest currency-hedged Germany ETFs. It competes with Deutsche X-tracker's DBGR and WisdomTree's DXGE, and attempts to provide neutral exposure to the German market. The fund's exclusion of small-caps means the fund tilts large, and is also more concentrated than our neutral benchmark. By neutralizing its exposure to the euro relative to the dollar, investors can expect a "purer" exposure to German equities. This cuts both ways, as HEWG will underperform its unhedged peers when the euro appreciates against the dollar. HEWG has strong on-screen liquidity, and underlying liquidity is stronger than it looks thanks to its chief underlying asset: blockbuster fund EWG. Its fees are reasonable, but investors should note that the fund's currency-hedged approach can result in capital gains distributions.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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HEWG Top 10 Countries

HEWG Top 10 Sectors

HEWG Top 10 Holdings

HEWG Summary Data

BlackRock
iShares
01/31/14
Open-Ended Fund
0.53%
$689.17M
$5.07M
0.04%

HEWG Portfolio Data

$71.60B
20.08
1.93
1.94%
12/04/17
56

HEWG Index Data

Market Cap
Market Cap
MSCI Germany Investable Markets

Related ETFs to HEWG

DBGR, DXGE, EWG, FLGR, GRMY
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

HEWG Portfolio Management

0.53%
-0.36%
2.48%
-2.44%

HEWG Tax Exposures

20.00% / 39.60%
1.17%
Qualified dividends
No

HEWG Fund Structure

Open-Ended Fund
Yes
Yes
80% / 20%
N/A
N/A
Low
Daily
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
ASKS1,50029.40
4,80029.39
14,90029.38
15,80029.37
10,60029.36
BIDS19,60029.34
18,50029.33
14,90029.32
2,10029.31
2,00029.30
LAST 10 TRADES
TIMEPRICESHARES
12:03:2029.32100
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Bats BZX Real-time Quote - 13:13:47
Daily Spread
Premium/Discount
Volume

HEWG Factset Analytics Block Liquidity

As of 12/12/17
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of HEWG. HEWG is rated a 2 out of 5.

HEWG Tradability

174,262
$5.07M
147,128
$4.39M
0.04%
$0.01
-0.01%
0.11% / -0.14%
None
100.00%
50,000
2.94
0.01%
2.21%
91
$29.30
2

HEWG Sector/Industry BreakdownView All

HEWGSegment Benchmark
18.15% 19.25%
16.53% 17.95%
17.83% 17.64%
14.92% 13.12%
12.60% 12.84%
10.97% 10.68%
3.24% 3.20%

HEWG Top 10 HoldingsView All

HEWG Geographic Exposure

HEWGSegment Benchmark
99.43% 99.49%
0.45% 0.51%
0.02% --
0.10% --

HEWGSegment Benchmark
99.55% 99.49%
0.45% 0.51%
0.00% / 0.00% 0.00% / 0.00%

HEWG Performance Statistics

0.40
0.62
0.67
0.57
0.58%
MSCI Germany Investable Markets

HEWG BENCHMARK COMPARISON

    HEWG
    56 Holdings
    Segment Benchmark
    168 Constituents
    Shared Holdings
    56 (Count)
     
    89.30% (Weight)
HEWGSegment Benchmark
82.24% 92.10%
13.44% 7.72%
4.12% 0.18%
0.19% 0.00%
2.39% 2.45%