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 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 04/03/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
HEWG -19.42% -27.49% -27.29% -19.43% -6.49% -3.59% --
HEWG (NAV) -19.44% -27.57% -27.43% -19.59% -6.58% -3.61% --
MSCI Germany 100% Hedged to USD -20.40% -27.63% -27.53% -19.11% -6.13% -3.23% --
MSCI Germany IMI -23.31% -30.48% -30.75% -24.41% -7.49% -4.51% 2.00%
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%
$81.89M
$3.04M
0.06%

HEWG Portfolio Data

$57.53B
14.07
1.46
3.41%
07/02/20
3

HEWG Index Data

Market Cap
Market Cap
MSCI Germany IMI

HEWG Portfolio Management

0.53%
-0.31%
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 04/06/20
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

123,634
$3.04M
61,636
$1.32M
0.06%
$0.02
-0.01%
0.38% / -0.45%
None
100.00%
50,000
1.23
0.01%
1.65%
7
$21.05
2

HEWG Sector/Industry Breakdown


HEWG
Segment Benchmark
21.35%
21.66%
15.87%
15.76%
13.61%
14.71%
13.55%
13.98%
13.14%
12.61%
11.41%
10.61%
5.25%
4.89%
4.69%
4.26%
1.13%
1.49%

HEWG Top 10 Holdings

0.01%
0.01%
100%

HEWG Countries


HEWG
Segment Benchmark
99.30%
99.38%
0.70%
0.62%

HEWG Regions


HEWG
Segment Benchmark
99.30%
99.38%
0.70%
0.62%

HEWG Economic Development


HEWG
Segment Benchmark
100.00%
100.00%

HEWG Performance Statistics

0.66
0.99
0.80
1.08
1.21%
MSCI Germany IMI

HEWG Benchmark Comparison Holdings

3
164
56
89.23%

HEWG Benchmark Comparison Summary


HEWG
Segment Benchmark
3
164
$57.53B
$51.72B
14.07
14.46
1.46
1.48
3.26%
3.19%
High
Medium

HEWG Benchmark Comparison Market Cap Size


HEWG
Segment Benchmark
88.61%
79.09%
11.39%
16.15%
0.00%
4.30%
0.00%
0.46%