HAWXvsCWIETF Comparison
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iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) and State Street SPDR MSCI ACWI ex-US ETF (CWI) belong to the same industry segment: Global Blended Cap. Both ETFs have the same top 3 sector exposures: Finance, Technology and Industrials. HAWX is more expensive with a Total Expense Ratio (TER) of 0.7%, versus 0.3% for CWI. HAWX is up 16.82% year-to-date (YTD) with +$7M in YTD flows. CWI performs worse with 16.02% YTD performance, and +$170M in YTD flows. Run a side-by-side ETF comparison of HAWX and CWI 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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HAWX vs CWI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HAWX CWI | -0.92%+0.23% | +1.28%+4.73% | +16.82%+16.02% | +25.36%+23.49% | +76.96%+75.14% | +81.30%+57.56% |
| Flows | HAWX CWI | -$462K+$25M | +$5M+$65M | +$7M+$170M | +$15M+$333M | +$46M+$360M | +$114M+$384M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HAWX CWI | +14.57%+13.73% | +15.04%+14.23% | +13.61%+13.29% | +13.90%+14.19% |
| Max drawdown | HAWX CWI | -5.55%-5.02% | -9.30%-10.82% | -13.76%-13.36% | -17.33%-28.24% |
| Max drawdown duration | HAWX CWI | 81d50d | 50d65d | 51d43d | 573d783d |
Trading data
HAWX | CWI | |
Last sale 9/11/2026 at 1:30 PM | $45.68 | $41.27 |
| Previous close 09/10/2026 | $45.24 | $40.90 |
| 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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HAWX | CWI | |
|---|---|---|
| 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
HAWX | CWI | |
|---|---|---|
| Last price | $45.68 | $41.27 |
| 1D performance | +0.96% | +0.90% |
| AuM | $350.44 M | $2.87 B |
| E/R | 0.7% | 0.3% |
Characteristics
HAWX | CWI | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | State Street Investment Management |
| Benchmark | MSCI ACWI ex USA Index | MSCI ACWI ex USA Index |
| N° of holdings | 1790 | 1065 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 29, 2015 | January 10, 2007 |
| ESG | No | No |
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Exposure
Countries
HAWX
Japan
14.03%
United Kingdom
8.57%
Canada
8.39%
Taiwan
8.12%
Other
60.9%
CWI
Japan
14.2%
Canada
8.66%
United Kingdom
8.65%
Taiwan
8.03%
Other
60.46%
Sectors
HAWX
Finance
28.31%
Technology
20.76%
Industrials
12.29%
Consumer Non-Cycl.
7.4%
Non-Energy Materi.
7.36%
Other
23.88%
CWI
Finance
26.24%
Technology
21.67%
Industrials
11.62%
Consumer Non-Cycl.
7.21%
Other
33.25%
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Diversification
HAWX
Total weight of top 15 holdings out of 15
18.4%
CWI
Total weight of top 15 holdings out of 15
19.48%
Top 15 holdings
Data as of July 31, 2026
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%
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%
Nestlé SA
0.70%
Siemens AG
0.70%
AstraZeneca PLC
0.70%
Mitsubishi UFJ Financial Group, Inc.
0.70%
Alibaba Group Holding Ltd.
0.66%
Frequently asked questions about HAWX and CWI
How have the HAWX and CWI ETFs performed in 2026?
As of September 11, 2026, HAWX is up 16.82% year-to-date (YTD), while CWI has returned 16.02%. That puts HAWX better performer ahead so far this year.
Which ETF is attracting more investor money: HAWX or CWI?
Year-to-date, the HAWX ETF saw +$7M in flows, compared to +$170M for CWI.
Which ETF is more volatile: HAWX or CWI?
Over the past year, HAWX had a volatility of 15.04%, while CWI experienced 14.23%.
Which ETF is bigger: HAWX or CWI?
As of September 11, 2026, HAWX holds $350.44 M in assets under management (AUM), while CWI manages $2.87 B.
What sectors do the HAWX and CWI ETFs invest in?
HAWX leans toward sectors like Finance, Technology and Industrials. Meanwhile, CWI focuses on Finance, Technology and Industrials.
What are the top holdings of the HAWX ETF and CWI ETF?
HAWX top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and ASML Holding NV. CWI holds in its top three: Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc..
Which ETF is more diversified: HAWX or CWI?
HAWX holds 1853 securities with 18.4% of its assets in the top 15. CWI has 1071 securities and a top 15 weight of 19.48%.
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