HEWG

iShares Currency Hedged MSCI Germany ETF
D

44
  • 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%
$630.29M
$7.81M
0.04%

HEWG Portfolio Data

$63.66B
17.51
1.75
2.24%
07/03/18
61

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%
-0.43%
1.77%
-4.28%

HEWG Tax Exposures

20.00% / 39.60%
--
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
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

HEWG Factset Analytics Block Liquidity

As of 04/26/18
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 3 out of 5.

HEWG Tradability

283,926
$7.81M
235,345
$6.51M
0.04%
$0.01
0.00%
0.11% / -0.14%
None
100.00%
50,000
4.71
0.01%
1.16%
55
$28.00
3

HEWG Sector/Industry BreakdownView All

HEWGSegment Benchmark
19.43% 20.43%
18.43% 17.81%
16.42% 17.65%
14.41% 13.75%
11.84% 11.67%
10.66% 9.87%
3.19% 3.50%

HEWG Geographic Exposure

HEWGSegment Benchmark
99.55% 99.50%
0.45% 0.50%
-- 0.04%

HEWGSegment Benchmark
99.55% 99.50%
0.45% 0.50%
100.00% / 0.00% 100.00% / 0.04%

HEWG Performance Statistics

0.33
0.65
0.66
0.55
0.65%
MSCI Germany Investable Markets

HEWG BENCHMARK COMPARISON

    HEWG
    61 Holdings
    Segment Benchmark
    176 Constituents
    Shared Holdings
    60 (Count)
     
    90.03% (Weight)
HEWGSegment Benchmark
80.68% 89.63%
14.71% 10.19%
4.39% 0.19%
0.22% 0.00%
2.59% 2.67%