HEWG

iShares Currency Hedged MSCI Germany ETF
D

46
*Unless otherwise stated, data provided by FactSet.

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.

HEWG CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 07/12/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
HEWG -2.39% 1.20% -1.26% 1.37% 4.07% -- --
HEWG (NAV) -2.36% 1.21% -1.30% 1.51% 4.09% -- --
MSCI Germany 100% Hedged to USD -2.33% 1.14% -1.74% 1.74% 4.63% 9.33% --
MSCI Germany Investable Markets -3.54% -4.69% -5.51% 3.32% 5.71% 6.83% 3.75%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

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%
$379.49M
$6.70M
0.04%

HEWG Portfolio Data

$63.41B
14.07
1.74
2.65%
12/04/18
62

HEWG Index Data

Market Cap
Market Cap
MSCI Germany Investable Markets

HEWG Portfolio Management

0.53%
-0.45%
1.77%
-4.28%

HEWG Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

HEWG Fund Structure

Open-Ended Fund
Yes
No
80% / 20%
N/A
N/A
Low
Daily
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

HEWG Factset Analytics Block Liquidity

As of 07/18/18
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

233,734
$6.70M
146,435
$4.21M
0.04%
$0.01
-0.01%
0.11% / -0.14%
None
100.00%
50,000
2.93
0.01%
1.36%
8
$28.09
2

HEWG Sector/Industry Breakdown


HEWG
Segment Benchmark
19.38%
18.07%
18.02%
16.50%
16.60%
17.16%
14.05%
14.82%
12.50%
12.62%
10.81%
11.60%
4.21%
3.98%
3.42%
3.05%
0.84%
1.02%

HEWG TOP 10 HOLDINGS

99.95%
0.05%
100%

HEWG Countries


HEWG
Segment Benchmark
99.43%
99.47%
0.57%
0.53%
0.43%
--

HEWG Regions


HEWG
Segment Benchmark
99.43%
99.47%
0.57%
0.53%
0.43%
--

HEWG Economic Development


HEWG
Segment Benchmark
100.00%
100.00%
0.43%
--

HEWG Performance Statistics

0.35
0.63
0.66
0.55
0.65%
MSCI Germany Investable Markets

HEWG BENCHMARK COMPARISON HOLDINGS

62
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--
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HEWG BENCHMARK COMPARISON SUMMARY


HEWG
Segment Benchmark
62
--
$63.41B
--
14.07
--
1.74
--
2.94%
--
--
--

HEWG BENCHMARK COMPARISON MARKET CAP SIZE


HEWG
Segment Benchmark
--
--
--
--
--
--
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