CWIvsHAWXETF Comparison
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State Street SPDR MSCI ACWI ex-US ETF (CWI) and iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) belong to the same industry segment: Global Blended Cap. Both ETFs have the same top 3 sector exposures: Finance, Technology and Industrials. CWI is less expensive with a Total Expense Ratio (TER) of 0.3%, versus 0.7% for HAWX. CWI is up 16.02% year-to-date (YTD) with +$170M in YTD flows. HAWX performs better with 16.82% YTD performance, and +$7M in YTD flows. Run a side-by-side ETF comparison of CWI and HAWX below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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CWI vs HAWX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CWI HAWX | +0.23%-0.92% | +4.73%+1.28% | +16.02%+16.82% | +23.49%+25.36% | +75.14%+76.96% | +57.56%+81.30% |
| Flows | CWI HAWX | +$25M-$462K | +$65M+$5M | +$170M+$7M | +$333M+$15M | +$360M+$46M | +$384M+$114M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CWI HAWX | +13.73%+14.57% | +14.23%+15.04% | +13.29%+13.61% | +14.19%+13.90% |
| Max drawdown | CWI HAWX | -5.02%-5.55% | -10.82%-9.30% | -13.36%-13.76% | -28.24%-17.33% |
| Max drawdown duration | CWI HAWX | 50d81d | 65d50d | 43d51d | 783d573d |
Trading data
CWI | HAWX | |
Last sale 9/11/2026 at 1:30 PM | $41.27 | $45.68 |
| Previous close 09/10/2026 | $40.90 | $45.24 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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CWI | HAWX | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
CWI | HAWX | |
|---|---|---|
| Last price | $41.27 | $45.68 |
| 1D performance | +0.90% | +0.96% |
| AuM | $2.87 B | $350.44 M |
| E/R | 0.3% | 0.7% |
Characteristics
CWI | HAWX | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | iShares |
| Benchmark | MSCI ACWI ex USA Index | MSCI ACWI ex USA Index |
| N° of holdings | 1065 | 1790 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 10, 2007 | June 29, 2015 |
| ESG | No | No |
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Exposure
Countries
CWI
Japan
14.2%
Canada
8.66%
United Kingdom
8.65%
Taiwan
8.03%
Other
60.46%
HAWX
Japan
14.03%
United Kingdom
8.57%
Canada
8.39%
Taiwan
8.12%
Other
60.9%
Sectors
CWI
Finance
26.24%
Technology
21.67%
Industrials
11.62%
Consumer Non-Cycl.
7.21%
Other
33.25%
HAWX
Finance
28.31%
Technology
20.76%
Industrials
12.29%
Consumer Non-Cycl.
7.4%
Non-Energy Materi.
7.36%
Other
23.88%
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Diversification
CWI
Total weight of top 15 holdings out of 15
19.48%
HAWX
Total weight of top 15 holdings out of 15
18.4%
Top 15 holdings
Data as of July 31, 2026
CWI
Taiwan Semiconductor Manufacturing Co., Ltd.
4.83%
Samsung Electronics Co., Ltd.
2.27%
SK hynix, Inc.
1.81%
ASML Holding NV
1.79%
HSBC Holdings Plc
1.06%
Tencent Holdings Ltd.
0.98%
Royal Bank of Canada
0.91%
Roche Holding AG
0.87%
Novartis AG
0.79%
Shell Plc
0.71%
Siemens AG
0.70%
Nestlé SA
0.70%
AstraZeneca PLC
0.70%
Mitsubishi UFJ Financial Group, Inc.
0.70%
Alibaba Group Holding Ltd.
0.66%
HAWX
Taiwan Semiconductor Manufacturing Co., Ltd.
4.66%
Samsung Electronics Co., Ltd.
1.88%
ASML Holding NV
1.79%
SK hynix, Inc.
1.42%
Tencent Holdings Ltd.
1.03%
HSBC Holdings Plc
1.01%
Roche Holding AG
0.85%
Royal Bank of Canada
0.82%
Novartis AG
0.80%
Nestlé SA
0.73%
AstraZeneca PLC
0.72%
Shell Plc
0.69%
Siemens AG
0.67%
Alibaba Group Holding Ltd.
0.67%
Mitsubishi UFJ Financial Group, Inc.
0.66%
Frequently asked questions about CWI and HAWX
How have the CWI and HAWX ETFs performed in 2026?
As of September 11, 2026, CWI is up 16.02% year-to-date (YTD), while HAWX has returned 16.82%. That puts HAWX better performer ahead so far this year.
Which ETF is attracting more investor money: CWI or HAWX?
Year-to-date, the CWI ETF saw +$170M in flows, compared to +$7M for HAWX.
Which ETF is more volatile: CWI or HAWX?
Over the past year, CWI had a volatility of 14.23%, while HAWX experienced 15.04%.
Which ETF is bigger: CWI or HAWX?
As of September 11, 2026, CWI holds $2.87 B in assets under management (AUM), while HAWX manages $350.44 M.
What sectors do the CWI and HAWX ETFs invest in?
CWI leans toward sectors like Finance, Technology and Industrials. Meanwhile, HAWX focuses on Finance, Technology and Industrials.
What are the top holdings of the CWI ETF and HAWX ETF?
CWI top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc.. HAWX holds in its top three: Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and ASML Holding NV.
Which ETF is more diversified: CWI or HAWX?
CWI holds 1071 securities with 19.48% of its assets in the top 15. HAWX has 1853 securities and a top 15 weight of 18.4%.
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