HAWX: ISHARES CURRENCY HEDGED MSCI ACWI EX U.S. ETF
What this ETF is trying to do
The ISHARES CURRENCY HEDGED MSCI ACWI EX U.S. ETF (ticker: HAWX) is an exchange-traded fund designed to track companies located outside of the United States. It also uses currency management to handle different types of money from around the world.
What the numbers show
As of October 9, 2026, the current price of HAWX is $45.55. An estimated price from roughly one year ago was $38.61.
When looking at how this ETF has performed, it is important to understand two different types of returns:
• Price Return: This measures only the change in the share price. For example, the one-year price return was approximately 17.96%.
• Total Return: This measures the share price change plus any cash distributions (dividends) paid out. The one-year total return was higher, at approximately 21.16%.
Over a longer period, the three-year price return was about 66.32%, while the three-year total return was approximately 81.54%. This shows that the total return is higher because it includes the cash paid to investors.
Top Holdings
The fund's holdings can change over time. According to the most recent data, the top holdings include:
• ISHARES MSCI ACWI EX US ETF: 99.71%
• TWD/USD PURCHASED: 33.66%
• KRW/USD PURCHASED: 21.66%
• EUR/USD PURCHASED: 21.25%
• JPY/USD PURCHASED: 14.66%
Income and distribution explanation
This ETF pays out cash to investors, known as distributions. The distribution yield is approximately 2.48%. This number describes the cash paid out relative to the ETF's price. It is important to remember that a high yield is not the same thing as total return. In the last year, the trailing distributions were $1.13 per share. These payments happened on an irregular or less frequent basis.
NAV erosion explanation
"NAV erosion" refers to a decline in the actual value of the assets held within the fund. Some investors worry about this because if the value of the underlying assets drops, the share price may also drop. For HAWX, the erosion-risk score is 100, and the label states "No price erosion detected." The erosion severity is rated as "good."
Pros
• The ETF has shown strong total returns over the last one, three, and five years.
• There is currently no detected price erosion risk.
Cons
• The cash distributions are described as irregular or less frequent, meaning they do not happen on a set schedule.
Beginner takeaway
When looking at HAWX, remember that the share price and the total return are different numbers. The total return is often higher because it counts the extra cash paid out to you. Also, while this fund pays a distribution yield, always look at the total return to see how the investment performed overall.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | ISHARES MSCI ACWI EX US ETF | ACWX | 99.71% |
| 2 | TWD/USD PURCHASED | n/a | 33.66% |
| 3 | KRW/USD PURCHASED | n/a | 21.66% |
| 4 | EUR/USD PURCHASED | n/a | 21.25% |
| 5 | JPY/USD PURCHASED | n/a | 14.66% |
| 6 | INR/USD PURCHASED | n/a | 11.41% |
| 7 | CAD/USD PURCHASED | n/a | 8.42% |
| 8 | GBP/USD PURCHASED | n/a | 8.25% |
| 9 | HKD/USD PURCHASED | n/a | 6.52% |
| 10 | CHF/USD PURCHASED | n/a | 5.41% |