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DBAWvsHAWXETF Comparison

ETF 1
DBAW

Xtrackers MSCI All World ex US Hedged Equity ETF

This fund is part of
Global Blended Cap
-0.28%
VS
ETF 2
HAWX

iShares Currency Hedged MSCI ACWI ex U.S. ETF

This fund is part of
Global Blended Cap
-0.28%

The ETFs Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW) and iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) track the MSCI ACWI ex USA US Dollar Hedged Net Total Return Index - USD and belong to the same industry segment: Global Blended Cap. Both ETFs have the same top 3 sector exposures: Finance, Technology and Industrials. DBAW is less expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.7% for HAWX. DBAW is up 12.97% year-to-date (YTD) with +$88M in YTD flows. HAWX performs better with 13.17% YTD performance, and +$17M in YTD flows. Run a side-by-side ETF comparison of DBAW 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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DBAW vs HAWX performance and flow charts

Performance

-4.0-3.0-2.0-1.00.0%Sep 23Sep 30Oct 7Oct 14Oct 21

Cumulative Flows

0 M5 M10 M15 M20 MSep 23Sep 30Oct 7Oct 14Oct 21

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Historic performance and flows
Data as of 10/23/2026
1M3MYTD1Y3Y5Y
Perf.
DBAW
HAWX
-3.92%-3.82%
-2.39%-1.85%
+12.97%+13.17%
+16.73%+16.50%
+77.81%+80.64%
+72.16%+75.56%
Flows
DBAW
HAWX
+$19M+$13M
+$57M+$11M
+$88M+$17M
+$100M+$30M
+$119M+$54M
+$130M+$117M
Volatility and drawdown
3M1Y3Y5Y
Volatility
DBAW
HAWX
+9.94%+11.69%
+12.30%+15.09%
+11.23%+13.60%
+11.40%+13.89%
Max drawdown
DBAW
HAWX
-4.74%-5.07%
-8.71%-9.30%
-13.33%-13.76%
-17.38%-17.33%
Max drawdown duration
DBAW
HAWX
68d71d
65d50d
84d51d
576d573d
Trading data

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DBAW
HAWX
Last sale
10/23/2026 at 1:30 PM
$46.46
$44.21
Previous close
10/22/2026
$46.49
$44.15
Consolidated volume
10/22/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of September 30, 2026
1-year trailing difference

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DBAW
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 10/23/2026 at 1:30 PM
Live
Closed
DBAW
HAWX
Last price
$46.46
$44.21
1D performance
-0.06%
+0.14%
AuM$336.21 M$348.79 M
E/R0.4%0.7%
Characteristics
DBAW
HAWX
Management strategyPassivePassive
ProviderXtrackers by DWSiShares
BenchmarkMSCI ACWI ex USA IndexMSCI ACWI ex USA Index
N° of holdings20051792
Asset classEquitiesEquities
Trailing 12m distribution yield
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Inception dateJanuary 22, 2014June 29, 2015
ESGNoNo
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Exposure

Countries

DBAW
Japan
13.83%
Taiwan
8.84%
Canada
8.1%
United Kingdom
7.95%
Other
61.28%
HAWX
Japan
14.01%
Taiwan
9.02%
Canada
8.14%
United Kingdom
8.1%
Other
60.73%

Sectors

DBAW
Finance
26.73%
Technology
22.13%
Industrials
11.85%
Non-Energy Materi.
7.65%
Other
31.64%
HAWX
Finance
26.99%
Technology
22.65%
Industrials
11.88%
Non-Energy Materi.
7.83%
Other
30.65%
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Diversification

DBAW

Total weight of top 15 holdings out of 15

18.62%
HAWX

Total weight of top 15 holdings out of 15

18.87%

Top 15 holdings

Data as of August 31, 2026
DBAW
Taiwan Semiconductor Manufacturing Co., Ltd.
4.90%
Samsung Electronics Co., Ltd.
2.27%
ASML Holding NV
1.75%
SK hynix, Inc.
1.72%
Tencent Holdings Ltd.
0.93%
HSBC Holdings Plc
0.92%
Roche Holding AG
0.81%
Royal Bank of Canada
0.74%
Novartis AG
0.72%
Shell Plc
0.65%
Nestlé SA
0.65%
Siemens AG
0.65%
BHP Group Ltd.
0.64%
Alibaba Group Holding Ltd.
0.64%
AstraZeneca PLC
0.64%
HAWX
Taiwan Semiconductor Manufacturing Co., Ltd.
4.93%
Samsung Electronics Co., Ltd.
2.35%
SK hynix, Inc.
1.78%
ASML Holding NV
1.73%
Tencent Holdings Ltd.
0.94%
HSBC Holdings Plc
0.93%
Roche Holding AG
0.81%
Royal Bank of Canada
0.75%
Novartis AG
0.74%
Shell Plc
0.67%
Nestlé SA
0.66%
Mitsubishi UFJ Financial Group, Inc.
0.65%
AstraZeneca PLC
0.65%
Alibaba Group Holding Ltd.
0.65%
BHP Group Ltd.
0.64%
Frequently asked questions about DBAW and HAWX

How have the DBAW and HAWX ETFs performed in 2026?

As of October 23, 2026, DBAW is up 12.97% year-to-date (YTD), while HAWX has returned 13.17%. That puts HAWX better performer ahead so far this year.

Which ETF is attracting more investor money: DBAW or HAWX?

Year-to-date, the DBAW ETF saw +$88M in flows, compared to +$17M for HAWX.

Which ETF is more volatile: DBAW or HAWX?

Over the past year, DBAW had a volatility of 12.3%, while HAWX experienced 15.09%.

Which ETF is bigger: DBAW or HAWX?

As of October 23, 2026, DBAW holds $336.21 M in assets under management (AUM), while HAWX manages $348.79 M.

What sectors do the DBAW and HAWX ETFs invest in?

DBAW leans toward sectors like Finance, Technology and Industrials. Meanwhile, HAWX focuses on Finance, Technology and Industrials.

What are the top holdings of the DBAW ETF and HAWX ETF?

DBAW top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and ASML Holding NV. HAWX holds in its top three: Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc..

Which ETF is more diversified: DBAW or HAWX?

DBAW holds 2086 securities with 18.62% of its assets in the top 15. HAWX has 1856 securities and a top 15 weight of 18.87%.

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