HEWG

iShares Currency Hedged MSCI Germany ETF
D

54
*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

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 05/23/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
HEWG -1.51% 5.52% 14.32% -5.81% 8.23% 4.99% --
HEWG (NAV) -3.17% 3.87% 12.48% -6.34% 7.87% 4.58% --
MSCI Germany 100% Hedged to USD -3.34% 3.72% 12.81% -6.06% 8.14% 4.95% --
MSCI Germany IMI -4.21% 1.21% 9.19% -13.41% 6.08% 0.18% 6.91%
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%
$189.99M
$3.88M
0.04%

HEWG Portfolio Data

$57.64B
13.78
1.52
2.45%
07/02/19
2

HEWG Index Data

Market Cap
Market Cap
MSCI Germany IMI

HEWG Portfolio Management

0.53%
-0.26%
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 -
Daily Spread
Premium/Discount
Volume

HEWG Factset Analytics Block Liquidity

As of 05/24/19
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

144,778
$3.88M
80,501
$2.08M
0.04%
$0.01
-0.01%
0.43% / -0.22%
None
100.00%
50,000
1.61
0.01%
1.49%
0
$26.74
2

HEWG Sector/Industry Breakdown


HEWG
Segment Benchmark
19.74%
20.25%
18.57%
17.52%
13.91%
14.11%
13.37%
12.42%
12.11%
12.86%
11.36%
11.15%
5.10%
4.74%
3.82%
3.88%
0.90%
1.03%

HEWG TOP 10 HOLDINGS

100%

HEWG Countries


HEWG
Segment Benchmark
99.19%
99.28%
0.81%
0.72%

HEWG Regions


HEWG
Segment Benchmark
99.19%
99.28%
0.81%
0.72%

HEWG Economic Development


HEWG
Segment Benchmark
100.00%
100.00%

HEWG Performance Statistics

0.66
0.75
0.79
0.75
0.64%
MSCI Germany IMI

HEWG BENCHMARK COMPARISON HOLDINGS

2
173
60
88.69%

HEWG BENCHMARK COMPARISON SUMMARY


HEWG
Segment Benchmark
2
173
$57.64B
$51.77B
13.78
14.03
1.52
1.54
3.20%
3.10%
High
Medium

HEWG BENCHMARK COMPARISON MARKET CAP SIZE


HEWG
Segment Benchmark
86.11%
77.27%
13.89%
18.03%
0.00%
4.26%
0.00%
0.44%