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HAWXvsDBAWETF Comparison

ETF 1
HAWX

iShares Currency Hedged MSCI ACWI ex U.S. ETF

This fund is part of
Global Blended Cap
-0.31%
VS
ETF 2
DBAW

Xtrackers MSCI All World ex US Hedged Equity ETF

This fund is part of
Global Blended Cap
-0.31%

The ETFs iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) and Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW) 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. HAWX is more expensive with a Total Expense Ratio (TER) of 0.7%, versus 0.4% for DBAW. HAWX is up 14.87% year-to-date (YTD) with +$5M in YTD flows. DBAW performs better with 14.97% YTD performance, and +$30M in YTD flows. Run a side-by-side ETF comparison of HAWX and DBAW 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 DBAW performance and flow charts

Performance

-2.0-1.00.01.02.0%Jun 24Jul 1Jul 9Jul 16Jul 23

Cumulative Flows

0 M5 M10 M15 MJun 24Jul 1Jul 9Jul 16Jul 23

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Historic performance and flows
Data as of 07/24/2026
1M3MYTD1Y3Y5Y
Perf.
HAWX
DBAW
-1.32%-1.21%
+4.53%+5.15%
+14.87%+14.97%
+28.53%+28.20%
+72.35%+71.46%
+82.90%+79.79%
Flows
HAWX
DBAW
+$4M+$17M
+$511K+$21M
+$5M+$30M
+$14M+$48M
+$46M+$62M
+$116M+$83M
Volatility and drawdown
3M1Y3Y5Y
Volatility
HAWX
DBAW
+18.55%+13.37%
+14.70%+11.77%
+13.54%+11.21%
+13.82%+11.35%
Max drawdown
HAWX
DBAW
-4.78%-4.26%
-9.30%-8.71%
-13.76%-13.33%
-17.33%-17.38%
Max drawdown duration
HAWX
DBAW
32d32d
50d65d
51d84d
573d576d
Trading data

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HAWX
DBAW
Last sale
7/27/2026 at 1:30 PM
$44.99
$47.45
Previous close
07/24/2026
$44.90
$47.27
Consolidated volume
07/24/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of June 30, 2026
1-year trailing difference

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HAWX
DBAW
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 7/27/2026 at 1:30 PM
Live
Closed
HAWX
DBAW
Last price
$44.99
$47.45
1D performance
+0.21%
+0.38%
AuM$342.82 M$285.54 M
E/R0.7%0.4%
Characteristics
HAWX
DBAW
Management strategyPassivePassive
ProvideriSharesXtrackers by DWS
BenchmarkMSCI ACWI ex USA IndexMSCI ACWI ex USA Index
N° of holdings17871985
Asset classEquitiesEquities
Trailing 12m distribution yield
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Inception dateJune 29, 2015January 22, 2014
ESGNoNo
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Exposure

Countries

HAWX
Japan
13.71%
Taiwan
9.14%
Republic of Korea
7.93%
United Kingdom
7.88%
Canada
7.85%
Other
53.49%
DBAW
Japan
13.59%
Taiwan
9.05%
Republic of Korea
7.86%
Canada
7.72%
United Kingdom
7.71%
Other
54.08%

Sectors

HAWX
Finance
26.16%
Technology
24.7%
Industrials
11.9%
Non-Energy Materi.
7.13%
Other
30.1%
DBAW
Finance
25.65%
Technology
24.07%
Industrials
11.62%
Non-Energy Materi.
7.04%
Other
31.62%
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Diversification

HAWX

Total weight of top 15 holdings out of 15

20.37%
DBAW

Total weight of top 15 holdings out of 15

19.88%

Top 15 holdings

Data as of June 30, 2026
HAWX
Taiwan Semiconductor Manufacturing Co., Ltd.
5.04%
Samsung Electronics Co., Ltd.
2.72%
SK hynix, Inc.
2.55%
ASML Holding NV
2.06%
Tencent Holdings Ltd.
0.91%
HSBC Holdings Plc
0.88%
Royal Bank of Canada
0.78%
Roche Holding AG
0.78%
Novartis AG
0.78%
AstraZeneca PLC
0.77%
Nestlé SA
0.72%
Siemens AG
0.65%
Shell Plc
0.59%
Tokyo Electron Ltd.
0.57%
Mitsubishi UFJ Financial Group, Inc.
0.57%
DBAW
Taiwan Semiconductor Manufacturing Co., Ltd.
4.95%
Samsung Electronics Co., Ltd.
2.78%
SK hynix, Inc.
2.49%
ASML Holding NV
1.84%
Tencent Holdings Ltd.
0.92%
HSBC Holdings Plc
0.86%
Roche Holding AG
0.77%
Royal Bank of Canada
0.75%
Novartis AG
0.75%
AstraZeneca PLC
0.74%
Nestlé SA
0.70%
Siemens AG
0.61%
Alibaba Group Holding Ltd.
0.58%
Shell Plc
0.58%
Mitsubishi UFJ Financial Group, Inc.
0.57%
Frequently asked questions about HAWX and DBAW

How have the HAWX and DBAW ETFs performed in 2026?

As of July 24, 2026, HAWX is up 14.87% year-to-date (YTD), while DBAW has returned 14.97%. That puts DBAW better performer ahead so far this year.

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

Year-to-date, the HAWX ETF saw +$5M in flows, compared to +$30M for DBAW.

Which ETF is more volatile: HAWX or DBAW?

Over the past year, HAWX had a volatility of 14.7%, while DBAW experienced 11.77%.

Which ETF is bigger: HAWX or DBAW?

As of July 24, 2026, HAWX holds $342.82 M in assets under management (AUM), while DBAW manages $285.54 M.

What sectors do the HAWX and DBAW ETFs invest in?

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

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

HAWX top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc.. DBAW 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 DBAW?

HAWX holds 1856 securities with 20.37% of its assets in the top 15. DBAW has 2066 securities and a top 15 weight of 19.88%.

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