HAWX vs VOO
iShares Currency Hedged MSCI ACWI ex US ETF vs Vanguard S&P 500 ETF
Which is better, HAWX or VOO?
Each has led over a different period.
VOO has a lower expense ratio. HAWX led over 1Y, VOO 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 | VOO |
|---|---|---|
| Expense Ratio | 0.35% | 0.03%Best |
| AUM | $351M | $997.4B |
| Dividend Yield | 2.46% | 1.04% |
| Holdings | 2,085 | 509 |
| YTD Return | +14.21%Best | +11.55% |
| 1Y Return | +25.63%Best | +17.54% |
| 3Y Return (annualized) | +20.68% | +20.71%Best |
| 5Y Return (annualized) | +12.58% | +12.80%Best |
| Volatility (annualized) | 12.3%Best | 15.2% |
| Max Drawdown | -30.6%Best | -34.3% |
| $10,000 over 5 years | $18,084 | $18,262Best |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 29, 2015 | Sep 7, 2010 |
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 10, 2026 (11.2 years).
HAWX vs VOO 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 VOO Performance
iShares Currency Hedged MSCI ACWI ex US ETF (HAWX) is an ETF from iShares by BlackRock (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year HAWX returned +25.63% while VOO returned +17.54%. Year to date, HAWX is up 14.21% versus a gain of 11.55% for VOO.
Over three years, HAWX compounded at +20.68% per year against +20.71% for VOO; over five years the annualized figures are +12.58% and +12.80% respectively. Across the full 11-year window we track, VOO has the edge at +13.07% annualized vs +8.28%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 15.2% 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 -34.3% for VOO. 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 VOO 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 1.04% for VOO.
Holdings Overlap
We hold position weights for 3 holdings in HAWX and 505 in VOO, totalling 101.0% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 3 positions we hold weights for in HAWX and 505 in VOO, against full books of 2,085 and 509.
You are not choosing between two funds in isolation.
Whichever of HAWX and VOO 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 VOO?
HAWX has an expense ratio of 0.35% while VOO charges 0.03%. VOO is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, HAWX or VOO?
Over the past year HAWX returned +25.63% vs +17.54% for VOO, so HAWX leads on 1-year performance. Over the longest common window we track (11 years), HAWX annualized +8.28% vs +13.07% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HAWX or VOO?
VOO has been the more volatile fund at 15.2% annualized versus 12.3% for HAWX. Worst drawdown: HAWX -30.6% vs VOO -34.3%.
Should I hold both HAWX and VOO?
HAWX and VOO 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 VOO?
HAWX yields 2.46% while VOO yields 1.04%, so HAWX currently pays the higher dividend yield.
Is VOO better than HAWX?
VOO has a lower expense ratio. HAWX led over 1Y, VOO 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.