HEWP

iShares Currency Hedged MSCI Spain ETF
N/A

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

HEWP Fund Description

The iShares Currency Hedged MSCI Spain ETF tracks an index of large- and midcap Spanish stocks, hedged against movements in the euro for US investors.

HEWP Factset Analytics Insight

Launched July 1, 2015, HEWP offers no-frills exposure to Spanish stocks with a currency hedge for US investors. The fund holds large and liquid EWP 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. HEWP charges a reasonable fee, but tracking stats won’t be helpful as a gauge of holding costs. The fund’s tracking error will look bad because its NAV is based on the market price of EWP, which can trade when the index’s stock market is closed. In all, HEWP offers a straightforward basket of currency-hedged stocks. Trade the new fund with care.

HEWP 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
HEWP -2.83% -6.15% -2.60% -4.04% -0.44% -- --
HEWP (NAV) -2.84% -6.23% -2.37% -3.94% -0.33% -- --
MSCI Spain Investable Markets -5.20% -9.93% -9.03% -9.31% -0.62% 1.80% -0.81%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

HEWP Top 10 Countries

HEWP Top 10 Sectors

HEWP Top 10 Holdings

HEWP Summary Data

BlackRock
iShares
07/01/15
Open-Ended Fund
0.52%
$15.94M
$130.13K
0.09%

HEWP Portfolio Data

$42.61B
13.11
1.25
3.40%
12/04/18
3

HEWP Index Data

Market Cap
Market Cap
MSCI Spain Investable Markets

HEWP Portfolio Management

0.52%
--
--
--

HEWP Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

HEWP 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

HEWP 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 HEWP. HEWP is rated a 1 out of 5.

HEWP Tradability

5,318
$130.13K
606
$14.69K
0.09%
$0.02
0.00%
0.56% / -2.96%
None
100.00%
50,000
0.01
0.01%
6.07%
--
$21.26
1

HEWP Sector/Industry Breakdown


HEWP
Segment Benchmark
39.07%
36.53%
17.65%
14.30%
12.27%
9.64%
8.90%
7.42%
7.72%
9.03%
4.80%
9.22%
4.63%
7.12%
3.04%
2.23%

HEWP TOP 10 HOLDINGS

3.04%
-2.97%
100%

HEWP Countries


HEWP
Segment Benchmark
97.85%
98.95%
2.15%
1.05%
0.05%
--

HEWP Regions


HEWP
Segment Benchmark
100.00%
100.00%
0.05%
--

HEWP Economic Development


HEWP
Segment Benchmark
100.00%
100.00%
0.05%
--

HEWP Performance Statistics

0.49
0.67
0.75
0.72
0.64%
MSCI Spain Investable Markets

HEWP BENCHMARK COMPARISON HOLDINGS

3
74
22
81.06%

HEWP BENCHMARK COMPARISON SUMMARY


HEWP
Segment Benchmark
3
74
$42.61B
$42.80B
13.11
13.53
1.25
1.33
3.54%
3.28%
--
--

HEWP BENCHMARK COMPARISON MARKET CAP SIZE


HEWP
Segment Benchmark
80.80%
76.03%
19.20%
18.22%
0.00%
5.47%
0.00%
0.29%