HEWL

iShares Currency Hedged MSCI Switzerland ETF
F

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*Unless otherwise stated, data provided by FactSet.

HEWL Fund Description

HEWL tracks an index of large- and midcap Swiss stocks, hedged against movements in the Swiss franc for US investors.

HEWL Factset Analytics Insight

Launched July 1, 2015, HEWL offers no-frills exposure to Swiss stocks with a currency hedge for US investors. The fund holds large and liquid EWL to provide the equity exposure, which in turn holds the underlying stocks directly. This structure is akin to a Russian doll, rather than a derivative. Still, derivatives are used for the FX hedge: 1-month forward contracts. We see little additional risk from the forwards themselves, which should provide effective, but not perfect, hedging. HEWL charges a reasonable fee, but tracking stats won’t be helpful as a gauge of holding costs. Its tracking error will look bad because its NAV is based on the market price of EWL, which can trade when the index’s stock market is closed. In all, HEWL offers a straightforward basket of currency-hedged stocks. Trade the new fund with care.

HEWL Charts And Performance

Price Chart ($)
Total Return Chart (%)
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  • 3 Months
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Select ETFs to compare their performance:
PERFORMANCE [as of 09/12/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
HEWL 3.70% 4.58% 26.72% 18.77% 13.52% -- --
HEWL (NAV) 4.82% 4.41% 27.10% 18.54% 13.57% -- --
MSCI Switzerland 25/50 100% Hedged to USD Index 4.04% 4.28% 27.31% -- -- -- --
MSCI Switzerland IMI -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

HEWL Summary Data

Blackrock
iShares
06/29/15
Open-Ended Fund
0.50%
$7.46M
$28.81K
0.12%

HEWL Portfolio Data

$139.80B
22.53
2.71
5.20%
12/03/19
3

HEWL Index Data

Market Cap
Market Cap
MSCI Switzerland IMI

HEWL Portfolio Management

0.50%
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HEWL Tax Exposures

20.00% / 39.60%
2.34%
Qualified dividends
No

HEWL Fund Structure

Open-Ended Fund
Yes
Yes
80% / 20%
N/A
N/A
High
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

HEWL Factset Analytics Block Liquidity

As of 09/13/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of HEWL. HEWL is rated a 1 out of 5.

HEWL Tradability

633
$28.81K
173
$13.81K
0.12%
$0.03
-0.04%
2.34% / -2.36%
None
100.00%
50,000
0.00
0.01%
3.13%
0
$29.90
1

HEWL Sector/Industry Breakdown


HEWL
Segment Benchmark
30.73%
33.94%
24.64%
25.35%
19.62%
17.47%
7.88%
8.15%
7.42%
5.95%
7.26%
5.65%
1.27%
1.11%
1.17%
2.28%

HEWL Top 10 Holdings

0.05%
0.00%
99.99%

HEWL Countries


HEWL
Segment Benchmark
100.00%
100.00%

HEWL Regions


HEWL
Segment Benchmark
100.00%
100.00%

HEWL Economic Development


HEWL
Segment Benchmark
100.00%
100.00%

HEWL Performance Statistics

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--
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0.00%
MSCI Switzerland IMI

HEWL Benchmark Comparison Holdings

3
120
36
86.68%

HEWL Benchmark Comparison Summary


HEWL
Segment Benchmark
3
120
$139.80B
$150.62B
22.53
23.16
2.71
2.82
2.99%
2.96%
High
High

HEWL Benchmark Comparison Market Cap Size


HEWL
Segment Benchmark
92.07%
87.45%
7.93%
9.55%
0.00%
2.57%
0.00%
0.43%