HEWC

iShares Currency Hedged MSCI Canada ETF
N/A

41
*Unless otherwise stated, data provided by FactSet.

HEWC Fund Description

HEWC tracks an index of large- and midcap Canadian stocks, hedged against movements in the Canadian dollar for US investors.

HEWC Factset Analytics Insight

Launched July 1, 2015, HEWC offers no-frills exposure to Canadian stocks with a currency hedge for US investors. The fund holds large and liquid EWC to provide the equity exposure, which in turn holds the underlying stocks directly. This structure is akin to a Russian doll, rather than a derivative. Still, derivatives are used for the FX hedge: 1-month forward contracts. We see little additional risk from the forwards themselves, which should provide effective, but not perfect, hedging. HEWC charges a reasonable fee, but tracking stats going forward will be a better gauge of holding costs. Its NAV is based on the market price of EWC, which aligns perfectly regarding trading hours with underlying securities and HEWC. Therefore we expect no distortions in tracking that sometimes occur in this “fund of funds” structure. In all, HEWC offers a straightforward basket of currency-hedged stocks. Trade the new fund with care.

HEWC 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 01/18/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
HEWC 6.90% 1.11% 7.61% -3.18% 11.11% -- --
HEWC (NAV) 6.80% 1.17% 7.45% -3.23% 11.12% -- --
MSCI Canada IMI -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

HEWC Top 10 Countries

HEWC Top 10 Sectors

HEWC Top 10 Holdings

HEWC Summary Data

BlackRock
iShares
07/01/15
Open-Ended Fund
0.50%
$35.29M
$517.19K
0.39%

HEWC Portfolio Data

$42.78B
15.65
1.77
5.51%
07/02/19
87

HEWC Index Data

Market Cap
Market Cap
MSCI Canada IMI

HEWC Portfolio Management

0.50%
--
--
--

HEWC Tax Exposures

20.00% / 39.60%
0.79%
Qualified dividends
No

HEWC Fund Structure

Open-Ended Fund
Yes
Yes
80% / 20%
N/A
N/A
High
Daily
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

HEWC Factset Analytics Block Liquidity

As of 01/22/19
5
4
3
2
1

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

HEWC Tradability

21,589
$517.19K
6,342
$152.56K
0.39%
$0.10
-0.01%
1.94% / -2.00%
None
100.00%
50,000
0.13
0.01%
1.71%
--
$24.50
1

HEWC Sector/Industry Breakdown


HEWC
Segment Benchmark
42.80%
37.93%
20.84%
19.62%
9.24%
9.17%
6.77%
8.75%
4.63%
4.41%
4.29%
4.05%
4.29%
4.47%
3.70%
3.30%
2.41%
3.00%
0.33%
0.90%

HEWC TOP 10 HOLDINGS

0.05%
100%

HEWC Countries


HEWC
Segment Benchmark
98.90%
98.32%
1.10%
1.68%

HEWC Regions


HEWC
Segment Benchmark
100.00%
100.00%

HEWC Economic Development


HEWC
Segment Benchmark
100.00%
100.00%

HEWC Performance Statistics

--
--
--
--
0.00%
MSCI Canada IMI

HEWC BENCHMARK COMPARISON HOLDINGS

87
304
87
83.02%

HEWC BENCHMARK COMPARISON SUMMARY


HEWC
Segment Benchmark
87
304
$42.78B
$36.54B
15.65
18.30
1.77
1.69
3.15%
2.98%
Medium
Medium

HEWC BENCHMARK COMPARISON MARKET CAP SIZE


HEWC
Segment Benchmark
78.31%
67.12%
21.50%
21.85%
0.20%
9.54%
0.00%
1.47%