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 05/22/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
HEWG 7.20% -16.93% -14.70% -6.48% -2.34% -0.11% --
ticker (NAV) 7.27% -16.96% -14.65% -6.37% -2.32% -0.07% --
MSCI Germany 100% Hedged to USD 6.88% -17.36% -15.30% -6.49% -2.09% 0.23% --
MSCI Germany IMI 7.70% -17.08% -18.11% -10.51% -4.90% -1.23% 5.30%
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%
$88.42M
$3.23M
0.06%

HEWG Portfolio Data

$47.27B
14.14
1.11
2.93%
07/02/20
56

HEWG Index Data

Market Cap
Market Cap
MSCI Germany IMI

HEWG Portfolio Management

0.53%
-0.38%
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 05/26/20
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

138,981
$3.23M
117,354
$2.71M
0.06%
$0.01
0.00%
0.38% / -0.67%
None
100.00%
50,000
2.35
0.01%
1.65%
0
$24.75
2

HEWG Sector/Industry Breakdown


HEWG
Segment Benchmark
20.96%
21.29%
14.72%
14.26%
14.64%
15.75%
13.70%
13.76%
13.54%
13.46%
11.41%
10.59%
5.15%
4.86%
4.63%
4.17%
1.25%
1.82%

HEWG Top 10 Holdings

0.03%
0.00%
100%

HEWG Countries


HEWG
Segment Benchmark
99.03%
99.10%
0.97%
0.90%

HEWG Regions


HEWG
Segment Benchmark
99.03%
99.10%
0.97%
0.90%

HEWG Economic Development


HEWG
Segment Benchmark
100.00%
100.00%

HEWG Performance Statistics

0.64
0.93
0.85
1.02
1.35%
MSCI Germany IMI

HEWG Benchmark Comparison Holdings

56
163
56
89.15%

HEWG Benchmark Comparison Summary


HEWG
Segment Benchmark
56
163
$47.27B
$42.39B
14.14
14.39
1.11
1.14
4.16%
4.06%
High
Medium

HEWG Benchmark Comparison Market Cap Size


HEWG
Segment Benchmark
85.28%
76.03%
14.72%
18.29%
0.00%
4.86%
0.00%
0.82%