HEWG

iShares Currency Hedged MSCI Germany ETF
*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 MSCI ESG Analytics Insight

iShares Currency Hedged MSCI Germany ETF has an MSCI ESG Fund Rating of AA based on a score of 7.22 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. iShares Currency Hedged MSCI Germany ETF ranks in the 87th percentile within its peer group and in the 16th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

HEWG Charts And Performance

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PERFORMANCE [as of 09/23/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
HEWG -0.86% 2.54% -3.53% 3.16% 1.73% 6.57% --
HEWG (NAV) -1.85% 0.82% -4.54% 2.54% 1.40% 6.45% --
MSCI Germany 100% Hedged to USD -0.83% 1.17% -3.91% 4.00% 2.05% 6.94% --
MSCI Germany IMI -1.90% 4.15% -1.18% 8.85% -1.07% 6.21% 5.97%
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%
$75.94M
$5.05M
0.04%

HEWG Portfolio Data

$68.43B
20.52
1.51
1.27%
12/02/20
3

HEWG Index Data

Market Cap
Market Cap
MSCI Germany IMI

HEWG Portfolio Management

0.53%
-0.49%
4.02%
-3.31%

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 09/24/20
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

180,304
$5.05M
159,014
$4.41M
0.04%
$0.01
-0.01%
0.38% / -0.67%
None
0.00%
50,000
3.18
0.00%
1.65%
2
$27.33
2

HEWG Sector/Industry Breakdown


HEWG
Segment Benchmark
20.45%
20.08%
18.27%
18.44%
14.61%
14.64%
13.36%
13.86%
12.43%
12.35%
10.53%
10.02%
4.95%
4.67%
4.34%
4.05%
1.07%
1.82%

HEWG Top 10 Holdings

50.61%
0.03%
100%

HEWG Countries


HEWG
Segment Benchmark
99.13%
99.20%
0.87%
0.80%

HEWG Regions


HEWG
Segment Benchmark
99.13%
99.20%
0.87%
0.80%

HEWG Economic Development


HEWG
Segment Benchmark
100.00%
100.00%

HEWG Performance Statistics

0.61
0.89
0.79
1.02
1.46%
MSCI Germany IMI

HEWG MSCI ESG Ratings

7.22 / 10
15.74
86.65
15.17%
7.29%
191.17

HEWG Benchmark Comparison Holdings

3
158
59
91.05%

HEWG Benchmark Comparison Summary


HEWG
Segment Benchmark
3
158
$68.43B
$62.61B
20.52
20.86
1.51
1.52
2.81%
2.74%
High
Medium

HEWG Benchmark Comparison Market Cap Size


HEWG
Segment Benchmark
88.44%
80.51%
11.56%
15.42%
0.00%
3.72%
0.00%
0.35%