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

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PERFORMANCE [as of 02/14/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
HEWG 1.78% 4.61% 4.07% 23.90% 6.68% 5.28% --
HEWG (NAV) 1.70% 4.59% 4.03% 23.97% 6.70% 5.30% --
MSCI Germany 100% Hedged to USD 1.82% 4.86% 3.56% 24.35% 7.10% 5.67% --
MSCI Germany IMI -0.70% 3.28% -0.21% 16.34% 6.08% 3.48% 7.05%
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%
$165.75M
$859.53K
0.04%

HEWG Portfolio Data

$66.90B
16.27
1.63
2.41%
07/02/20
3

HEWG Index Data

Market Cap
Market Cap
MSCI Germany IMI

HEWG Portfolio Management

0.53%
-0.26%
4.02%
-1.90%

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 02/17/20
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

29,776
$859.53K
23,514
$687.91K
0.04%
$0.01
-0.01%
0.13% / -0.20%
None
100.00%
50,000
0.47
0.01%
1.65%
30
$30.17
2

HEWG Sector/Industry Breakdown


HEWG
Segment Benchmark
20.30%
20.65%
17.26%
17.09%
15.06%
15.42%
13.26%
14.30%
12.30%
11.46%
12.24%
11.81%
4.72%
4.41%
3.73%
3.38%
1.14%
1.43%

HEWG Top 10 Holdings

0.04%
0.00%
99.99%

HEWG Countries


HEWG
Segment Benchmark
99.40%
99.47%
0.60%
0.53%

HEWG Regions


HEWG
Segment Benchmark
99.40%
99.47%
0.60%
0.53%

HEWG Economic Development


HEWG
Segment Benchmark
100.00%
100.00%

HEWG Performance Statistics

0.73
0.88
0.85
0.89
0.47%
MSCI Germany IMI

HEWG Benchmark Comparison Holdings

3
165
56
89.11%

HEWG Benchmark Comparison Summary


HEWG
Segment Benchmark
3
165
$66.90B
$60.04B
16.27
16.57
1.63
1.65
2.91%
2.85%
High
Medium

HEWG Benchmark Comparison Market Cap Size


HEWG
Segment Benchmark
91.19%
81.28%
8.81%
14.38%
0.00%
4.08%
0.00%
0.26%