HEWY

iShares Currency Hedged MSCI South Korea ETF
F

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*Unless otherwise stated, data provided by FactSet.

HEWY Fund Description

HEWY tracks an index of large- and midcap South Korean stocks, hedged against movements in the won for US investors.

HEWY Factset Analytics Insight

Launched July 1, 2015, HEWY offers no-frills exposure to South Korean stocks with a currency hedge for US investors. The fund holds large and liquid EWY 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. HEWY 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 EWY, which can trade when the index’s stock market is closed. HEWY competes directly with Deutsche Bank’s DBKO, which also offers plain-Jane equity exposure with a won hedge. In all, HEWY offers a straightforward basket of currency-hedged stocks. Trade the new fund with care.

HEWY Charts And Performance

Price Chart ($)
Total Return Chart (%)
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  • 3 Months
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  • 3 Years
  • 5 Years
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Select ETFs to compare their performance:
PERFORMANCE [as of 09/13/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
HEWY 7.67% 0.77% 5.18% -6.20% 5.32% -- --
HEWY (NAV) 8.17% 2.02% 5.52% -4.93% 6.40% -- --
MSCI Korea 25/50 US Dollar Hedged Index 7.24% 0.18% 4.30% -4.80% 6.21% 3.18% --
MSCI Korea IMI -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

HEWY Summary Data

Blackrock
iShares
07/01/15
Open-Ended Fund
0.59%
$2.54M
$30.42K
0.40%

HEWY Portfolio Data

$72.86B
10.29
0.89
5.59%
12/03/19
107

HEWY Index Data

MSCI Korea 25/50 US Dollar Hedged Index
Market Cap
Market Cap
MSCI Korea IMI

HEWY Portfolio Management

0.59%
-0.47%
4.13%
-3.06%

HEWY Tax Exposures

20.00% / 39.60%
1.15%
Qualified dividends
No

HEWY 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

HEWY Factset Analytics Block Liquidity

As of 09/16/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of HEWY. HEWY is rated a 3 out of 5.

HEWY Tradability

718
$30.42K
182
$18.64K
0.40%
$0.10
-0.17%
1.32% / -2.65%
None
100.00%
50,000
0.00
0.04%
0.74%
0
$25.56
3

HEWY Sector/Industry Breakdown


HEWY
Segment Benchmark
42.49%
44.48%
13.29%
11.71%
12.32%
11.62%
8.30%
8.24%
7.42%
7.30%
6.55%
6.25%
4.96%
6.57%
2.50%
2.09%
1.20%
0.96%
0.98%
0.76%

HEWY Top 10 Holdings

-1.15%
99.99%

HEWY Countries


HEWY
Segment Benchmark
100.00%
100.00%

HEWY Regions


HEWY
Segment Benchmark
100.00%
100.00%

HEWY Economic Development


HEWY
Segment Benchmark
100.00%
100.00%

HEWY Performance Statistics

--
--
--
--
0.00%
MSCI Korea IMI

HEWY Benchmark Comparison Holdings

107
422
107
82.70%

HEWY Benchmark Comparison Summary


HEWY
Segment Benchmark
107
422
$72.86B
$79.90B
10.29
10.57
0.89
0.93
2.43%
2.37%
High
High

HEWY Benchmark Comparison Market Cap Size


HEWY
Segment Benchmark
62.22%
58.64%
29.25%
21.97%
8.53%
14.01%
0.00%
5.38%