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 11/19/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
HEWG 4.18% 12.86% 24.84% 17.71% 8.94% 7.36% --
HEWG (NAV) 4.38% 13.10% 24.92% 17.86% 8.96% 7.42% --
MSCI Germany 100% Hedged to USD 4.60% 13.06% 25.88% 17.86% 9.31% 7.84% --
MSCI Germany IMI 3.80% 11.85% 18.89% 10.61% 8.87% 4.18% 5.57%
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%
$166.17M
$1.51M
0.05%

HEWG Portfolio Data

$57.73B
16.08
1.54
2.51%
12/03/19
3

HEWG Index Data

Market Cap
Market Cap
MSCI Germany IMI

HEWG Portfolio Management

0.53%
-0.22%
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 -

HEWG Factset Analytics Block Liquidity

As of 11/20/19
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

54,688
$1.51M
36,222
$993.16K
0.05%
$0.01
-0.01%
0.43% / -0.17%
None
100.00%
50,000
0.72
0.01%
1.65%
10
$28.92
2

HEWG Sector/Industry Breakdown


HEWG
Segment Benchmark
20.66%
21.10%
17.90%
17.65%
14.35%
14.75%
12.62%
11.78%
12.18%
13.26%
11.66%
11.26%
5.52%
5.16%
3.87%
3.53%
1.25%
1.49%

HEWG Top 10 Holdings

0.00%
100%

HEWG Countries


HEWG
Segment Benchmark
99.36%
99.44%
0.64%
0.56%

HEWG Regions


HEWG
Segment Benchmark
99.36%
99.44%
0.64%
0.56%

HEWG Economic Development


HEWG
Segment Benchmark
100.00%
100.00%

HEWG Performance Statistics

0.70
0.80
0.84
0.74
0.58%
MSCI Germany IMI

HEWG Benchmark Comparison Holdings

3
169
60
89.83%

HEWG Benchmark Comparison Summary


HEWG
Segment Benchmark
3
169
$57.73B
$52.19B
16.08
15.98
1.54
1.56
3.24%
3.18%
High
Medium

HEWG Benchmark Comparison Market Cap Size


HEWG
Segment Benchmark
87.21%
78.34%
12.79%
16.92%
0.00%
4.21%
0.00%
0.53%