HEWG

iShares Currency Hedged MSCI Germany ETF
D

46
*Unless otherwise stated, data provided by FactSet.

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.

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 09/24/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
HEWG -0.61% -0.74% -1.73% 0.91% 10.05% -- --
HEWG (NAV) -0.76% -0.82% -1.86% 0.87% 10.00% -- --
MSCI Germany 100% Hedged to USD -- -- -- -- -- -- --
MSCI Germany IMI -- -- -- -- -- -- --
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%
$337.49M
$3.34M
0.04%

HEWG Portfolio Data

$63.83B
14.08
1.76
2.66%
12/04/18
62

HEWG Index Data

Market Cap
Market Cap
MSCI Germany IMI

HEWG Portfolio Management

0.53%
-0.44%
1.77%
-4.28%

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
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 09/25/18
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 2 out of 5.

HEWG Tradability

126,297
$3.34M
95,801
$2.51M
0.04%
$0.01
-0.01%
0.13% / -0.22%
None
100.00%
50,000
1.92
0.01%
1.54%
14
$27.50
2

HEWG Sector/Industry Breakdown


HEWG
Segment Benchmark
18.05%
16.51%
17.58%
16.72%
17.23%
17.82%
14.58%
15.03%
12.99%
12.69%
10.70%
11.56%
4.38%
4.15%
3.13%
3.22%
0.83%
0.99%

HEWG TOP 10 HOLDINGS

100%

HEWG Countries


HEWG
Segment Benchmark
99.38%
99.45%
0.62%
0.55%

HEWG Regions


HEWG
Segment Benchmark
99.38%
99.45%
0.62%
0.55%

HEWG Economic Development


HEWG
Segment Benchmark
100.00%
100.00%

HEWG Performance Statistics

0.38
0.60
0.59
0.58
0.65%
MSCI Germany IMI

HEWG BENCHMARK COMPARISON HOLDINGS

62
184
62
89.33%

HEWG BENCHMARK COMPARISON SUMMARY


HEWG
Segment Benchmark
62
184
$63.83B
$57.64B
14.08
14.32
1.76
1.79
2.88%
2.80%
--
--

HEWG BENCHMARK COMPARISON MARKET CAP SIZE


HEWG
Segment Benchmark
89.73%
80.98%
10.12%
14.55%
0.15%
4.21%
0.00%
0.26%