HEWG

iShares Currency Hedged MSCI Germany ETF
D

43
  • 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%
$626.90M
$9.58M
0.04%

HEWG Portfolio Data

$67.56B
19.18
1.86
2.24%
07/03/18
60

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%
-0.38%
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 02/22/18
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

334,473
$9.58M
237,362
$6.93M
0.04%
$0.01
-0.01%
0.11% / -0.14%
None
100.00%
50,000
4.75
0.01%
1.19%
91
$27.89
3

HEWG Sector/Industry BreakdownView All

HEWGSegment Benchmark
18.33% 19.19%
16.72% 17.84%
18.34% 17.79%
14.88% 14.23%
12.01% 12.03%
10.83% 10.15%
2.89% 3.15%

HEWG Geographic Exposure

HEWGSegment Benchmark
99.59% 99.54%
0.41% 0.46%

HEWGSegment Benchmark
99.59% 99.54%
0.41% 0.46%
0.00% / 0.00% 0.00% / 0.00%

HEWG Performance Statistics

0.35
0.61
0.65
0.41
0.64%
MSCI Germany Investable Markets

HEWG BENCHMARK COMPARISON

    HEWG
    60 Holdings
    Segment Benchmark
    176 Constituents
    Shared Holdings
    60 (Count)
     
    90.32% (Weight)
HEWGSegment Benchmark
81.70% 90.45%
13.90% 9.55%
4.22% 0.00%
0.19% 0.00%
2.39% 2.45%