HEWL

iShares Currency Hedged MSCI Switzerland ETF
N/A

N/A
*Unless otherwise stated, data provided by FactSet.

HEWL Fund Description

The iShares Currency Hedged MSCI Switzerland ETF 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 (%)
  • 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 08/17/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
HEWL 1.18% 0.76% 1.14% 6.34% 5.46% -- --
HEWL (NAV) 1.78% 1.41% 1.88% 8.82% 5.74% -- --
MSCI Switzerland Investable Markets 1.75% 0.82% -3.32% 0.94% 2.45% 4.67% 6.09%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

HEWL Top 10 Countries

HEWL Top 10 Sectors

HEWL Top 10 Holdings

HEWL Summary Data

BlackRock
iShares
07/01/15
Open-Ended Fund
0.52%
$5.36M
$8.99K
0.14%

HEWL Portfolio Data

$114.67B
28.12
2.39
5.40%
12/04/18
2

HEWL Index Data

Market Cap
Market Cap
MSCI Switzerland Investable Markets

HEWL Portfolio Management

0.52%
--
--
--

HEWL Tax Exposures

20.00% / 39.60%
1.17%
Qualified dividends
No

HEWL Fund Structure

Open-Ended Fund
Yes
Yes
80% / 20%
N/A
N/A
High
Daily
Bats 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 08/20/18
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

215
$8.99K
6
0
0.14%
$0.04
-0.02%
4.43% / -3.35%
None
100.00%
50,000
0.00
0.01%
6.92%
--
$26.87
1

HEWL Sector/Industry Breakdown


HEWL
Segment Benchmark
30.33%
30.18%
23.05%
22.15%
21.22%
20.67%
8.98%
10.16%
8.57%
7.38%
5.36%
4.56%
1.27%
1.19%
0.34%
2.43%

HEWL TOP 10 HOLDINGS

0.05%
100%

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

0.36
0.60
0.53
0.62
0.59%
MSCI Switzerland Investable Markets

HEWL BENCHMARK COMPARISON HOLDINGS

2
110
34
89.49%

HEWL BENCHMARK COMPARISON SUMMARY


HEWL
Segment Benchmark
2
110
$114.67B
$112.74B
28.12
28.51
2.39
2.42
3.32%
3.27%
--
--

HEWL BENCHMARK COMPARISON MARKET CAP SIZE


HEWL
Segment Benchmark
89.40%
82.72%
10.60%
13.32%
0.00%
3.69%
0.00%
0.28%