HEWG

iShares Currency Hedged MSCI Germany ETF
D

59
*Unless otherwise stated, data provided by FactSet.

HEWG Fund Description

HEWG 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

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PERFORMANCE [as of 09/19/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
HEWG 7.49% 1.81% 17.49% 2.40% 7.69% 5.50% --
HEWG (NAV) 6.32% 1.82% 17.43% 2.17% 7.55% 5.53% --
MSCI Germany 100% Hedged to USD 6.35% 2.29% 18.42% 2.61% 7.86% 5.93% --
MSCI Germany IMI 5.65% 0.14% 12.29% -6.23% 5.32% 1.98% 5.01%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

HEWG Summary Data

Blackrock
iShares
01/31/14
Open-Ended Fund
0.53%
$160.30M
$2.68M
0.05%

HEWG Portfolio Data

$59.32B
15.74
1.55
2.67%
12/03/19
3

HEWG Index Data

Market Cap
Market Cap
MSCI Germany IMI

HEWG Portfolio Management

0.53%
-0.22%
2.97%
-3.04%

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
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

HEWG Factset Analytics Block Liquidity

As of 09/20/19
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

102,462
$2.68M
83,367
$2.23M
0.05%
$0.01
-0.01%
0.43% / -0.17%
None
100.00%
50,000
1.67
0.01%
1.65%
14
$27.19
2

HEWG Sector/Industry Breakdown


HEWG
Segment Benchmark
20.19%
20.63%
18.29%
17.90%
14.10%
14.48%
12.83%
13.86%
12.27%
11.48%
11.63%
11.34%
5.29%
4.94%
4.16%
3.84%
1.24%
1.42%

HEWG Top 10 Holdings

0.00%
100%

HEWG Countries


HEWG
Segment Benchmark
99.27%
99.35%
0.73%
0.65%

HEWG Regions


HEWG
Segment Benchmark
99.27%
99.35%
0.73%
0.65%

HEWG Economic Development


HEWG
Segment Benchmark
100.00%
100.00%

HEWG Performance Statistics

0.69
0.81
0.84
0.78
0.61%
MSCI Germany IMI

HEWG Benchmark Comparison Holdings

3
170
61
89.77%

HEWG Benchmark Comparison Summary


HEWG
Segment Benchmark
3
170
$59.32B
$53.57B
15.74
15.84
1.55
1.56
3.25%
3.19%
High
Medium

HEWG Benchmark Comparison Market Cap Size


HEWG
Segment Benchmark
88.38%
79.36%
11.62%
16.07%
0.00%
4.11%
0.00%
0.45%