HEWG

iShares Currency Hedged MSCI Germany ETF
D

56
*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 07/11/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
HEWG 2.84% 3.24% 16.33% -0.76% 9.84% 5.53% --
HEWG (NAV) 1.94% 2.64% 15.84% 0.35% 9.18% 5.47% --
MSCI Germany 100% Hedged to USD 1.80% 2.49% 16.35% 0.43% 9.28% 5.83% --
MSCI Germany IMI 0.95% 1.27% 12.95% -6.81% 7.89% 1.12% 8.07%
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%
$172.25M
$2.74M
0.05%

HEWG Portfolio Data

$58.82B
14.74
1.50
2.70%
12/03/19
2

HEWG Index Data

Market Cap
Market Cap
MSCI Germany IMI

HEWG Portfolio Management

0.53%
-0.23%
2.97%
-3.04%

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 -
Daily Spread
Premium/Discount
Volume

HEWG Factset Analytics Block Liquidity

As of 07/12/19
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

101,021
$2.74M
57,925
$1.52M
0.05%
$0.01
-0.02%
0.43% / -0.22%
None
100.00%
50,000
1.16
0.01%
1.36%
8
$26.82
2

HEWG Sector/Industry Breakdown


HEWG
Segment Benchmark
20.40%
20.31%
17.54%
19.92%
14.77%
14.71%
12.60%
13.09%
12.22%
11.12%
11.38%
10.64%
5.63%
5.07%
4.18%
3.71%
1.27%
1.41%

HEWG TOP 10 HOLDINGS

100%

HEWG Countries


HEWG
Segment Benchmark
99.24%
99.34%
0.76%
0.66%

HEWG Regions


HEWG
Segment Benchmark
99.24%
99.34%
0.76%
0.66%

HEWG Economic Development


HEWG
Segment Benchmark
100.00%
100.00%

HEWG Performance Statistics

0.68
0.77
0.85
0.75
0.61%
MSCI Germany IMI

HEWG BENCHMARK COMPARISON HOLDINGS

2
170
61
86.92%

HEWG BENCHMARK COMPARISON SUMMARY


HEWG
Segment Benchmark
2
170
$58.82B
$51.67B
14.74
15.17
1.50
1.54
3.30%
3.18%
High
Medium

HEWG BENCHMARK COMPARISON MARKET CAP SIZE


HEWG
Segment Benchmark
85.90%
74.62%
14.10%
20.54%
0.00%
4.35%
0.00%
0.50%