HAWX vs IVV
iShares Currency Hedged MSCI ACWI ex US ETF vs iShares Core S&P 500 ETF
Which is better, HAWX or IVV?
Each has led over a different period.
IVV has a lower expense ratio. HAWX led over 1Y, IVV over 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | HAWX | IVV |
|---|---|---|
| Expense Ratio | 0.35% | 0.03%Best |
| AUM | $351M | $876.4B |
| Dividend Yield | 2.46% | 1.06% |
| Holdings | 2,085 | 508 |
| YTD Return | +15.31%Best | +12.51% |
| 1Y Return | +25.58%Best | +17.57% |
| 3Y Return (annualized) | +21.15% | +21.27%Best |
| 5Y Return (annualized) | +12.68% | +12.95%Best |
| Volatility (annualized) | 12.3%Best | 15.3% |
| Max Drawdown | -30.6%Best | -33.9% |
| $10,000 over 5 years | $18,165 | $18,384Best |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 29, 2015 | May 15, 2000 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jul 1, 2015 to Sep 11, 2026 (11.2 years).
HAWX vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 11.2 years both funds cover.
HAWX vs IVV Performance
iShares Currency Hedged MSCI ACWI ex US ETF (HAWX) is an ETF from iShares by BlackRock (US) and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year HAWX returned +25.58% while IVV returned +17.57%. Year to date, HAWX is up 15.31% versus a gain of 12.51% for IVV.
Over three years, HAWX compounded at +21.15% per year against +21.27% for IVV; over five years the annualized figures are +12.68% and +12.95% respectively. Across the full 11-year window we track, IVV has the edge at +13.10% annualized vs +8.37%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 12.3% for HAWX. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -30.6% for HAWX and -33.9% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HAWX charges 0.35% per year while IVV charges 0.03%. On a $10,000 position that is $35 vs $3 annually, a gap of $32 per year that compounds over a long holding period. On income, HAWX currently yields 2.46% against 1.06% for IVV.
Holdings Overlap
At least 0.2% of IVV's money is in holdings HAWX also owns.
Stated as a floor: for HAWX, our book for it covers 101.0% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 3 positions we hold weights for in HAWX and 505 in IVV, against full books of 2,085 and 508.
Top Shared Holdings
| Stock | Weight in HAWX | Weight in IVV | Difference |
|---|---|---|---|
| XTSLABlackrock Cash Funds: Treasury, Sl Agency Shares | 0.73% | 0.18% | 0.55% |
You are not choosing between two funds in isolation.
Whichever of HAWX and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, HAWX or IVV?
HAWX has an expense ratio of 0.35% while IVV charges 0.03%. IVV is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, HAWX or IVV?
Over the past year HAWX returned +25.58% vs +17.57% for IVV, so HAWX leads on 1-year performance. Over the longest common window we track (11 years), HAWX annualized +8.37% vs +13.10% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HAWX or IVV?
IVV has been the more volatile fund at 15.3% annualized versus 12.3% for HAWX. Worst drawdown: HAWX -30.6% vs IVV -33.9%.
Should I hold both HAWX and IVV?
HAWX and IVV have a monthly-return correlation of 0.84, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, HAWX or IVV?
HAWX yields 2.46% while IVV yields 1.06%, so HAWX currently pays the higher dividend yield.
Is IVV better than HAWX?
IVV has a lower expense ratio. HAWX led over 1Y, IVV over 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.