HAWXvsFRGNETF Comparison
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iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) belongs to the Global Blended Cap segment. Horizon International Equity ETF (FRGN) is part of the Options Strategies segment. HAWX's top 3 sector exposures are Finance, Technology and Industrials. In contrast, FRGN's top sector exposures are Technology, Finance and Industrials. HAWX is less expensive with a Total Expense Ratio (TER) of 0.7%, versus 0.75% for FRGN. HAWX is up 14.87% year-to-date (YTD) with +$5M in YTD flows. FRGN performs better with 19.09% YTD performance, and +$594K in YTD flows. Run a side-by-side ETF comparison of HAWX and FRGN 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 FRGN performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HAWX FRGN | -1.32%-1.52% | +4.53%+4.72% | +14.87%+19.09% | +28.53%n/a | +72.35%n/a | +82.90%n/a |
| Flows | HAWX FRGN | +$4M-$6M | +$511K+$3M | +$5M+$594K | +$14M- | +$46M- | +$116M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HAWX FRGN | +18.55%+18.70% | +14.70%n/a | +13.54%n/a | +13.82%n/a |
| Max drawdown | HAWX FRGN | -4.78%-5.92% | -9.30%n/a | -13.76%n/a | -17.33%n/a |
| Max drawdown duration | HAWX FRGN | 32d32d | 50dn/a | 51dn/a | 573dn/a |
Trading data
HAWX | FRGN | |
Last sale 7/27/2026 at 1:30 PM | $44.99 | $30.47 |
| Previous close 07/24/2026 | $44.90 | $30.56 |
| 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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FRGN
is actively managed and doesn’t replicate an indexHAWX | FRGN | |
|---|---|---|
| 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 | FRGN | |
|---|---|---|
| Last price | $44.99 | $30.47 |
| 1D performance | +0.21% | -0.30% |
| AuM | $342.82 M | $100.98 M |
| E/R | 0.7% | 0.75% |
Characteristics
HAWX | FRGN | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | iShares | Horizon Investments |
| Benchmark | MSCI ACWI ex USA Index | - |
| N° of holdings | 1787 | 440 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 29, 2015 | December 3, 2025 |
| ESG | No | No |
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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%
FRGN
Japan
15.67%
Canada
9.19%
Taiwan
8.46%
United Kingdom
8.11%
Republic of Korea
8.01%
Other
50.56%
Sectors
HAWX
Finance
26.16%
Technology
24.7%
Industrials
11.9%
Non-Energy Materi.
7.13%
Other
30.1%
FRGN
Technology
24.93%
Finance
20%
Industrials
12.03%
Non-Energy Materi.
8.8%
Energy
7.85%
Healthcare
7.8%
Other
18.59%
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Diversification
HAWX
Total weight of top 15 holdings out of 15
20.37%
FRGN
Total weight of top 15 holdings out of 15
27.19%
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%
FRGN
Taiwan Semiconductor Manufacturing Co., Ltd.
4.43%
ASML Holding NV
4.03%
Samsung Electronics Co., Ltd.
2.77%
SK hynix, Inc.
2.54%
The Toronto-Dominion Bank
1.75%
Roche Holding AG
1.47%
Shell Plc
1.46%
Tokyo Electron Ltd.
1.29%
TotalEnergies SE
1.22%
Novartis AG
1.14%
Advantest Corp.
1.09%
Royal Bank of Canada
1.03%
UBS Group AG
1.01%
AstraZeneca PLC
0.99%
Rio Tinto Plc
0.97%
Frequently asked questions about HAWX and FRGN
How have the HAWX and FRGN ETFs performed in 2026?
As of July 24, 2026, HAWX is up 14.87% year-to-date (YTD), while FRGN has returned 19.09%. That puts FRGN better performer ahead so far this year.
Which ETF is attracting more investor money: HAWX or FRGN?
Year-to-date, the HAWX ETF saw +$5M in flows, compared to +$594K for FRGN.
Which ETF is bigger: HAWX or FRGN?
As of July 24, 2026, HAWX holds $342.82 M in assets under management (AUM), while FRGN manages $100.98 M.
What sectors do the HAWX and FRGN ETFs invest in?
HAWX leans toward sectors like Finance, Technology and Industrials. Meanwhile, FRGN focuses on Technology, Finance and Industrials.
What are the top holdings of the HAWX ETF and FRGN ETF?
HAWX top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc.. FRGN holds in its top three: Taiwan Semiconductor Manufacturing Co., Ltd., ASML Holding NV and Samsung Electronics Co., Ltd..
Which ETF is more diversified: HAWX or FRGN?
HAWX holds 1856 securities with 20.37% of its assets in the top 15. FRGN has 441 securities and a top 15 weight of 27.19%.
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