FEMB vs HAWX

Comparison between FIRST TRUST EMERGING MARKETS LOCAL CURRENCY BOND ETF (FEMB, ETF) and ISHARES CURRENCY HEDGED MSCI ACWI EX U.S. ETF (HAWX, ETF).

5-Year PerformanceHAWX has outperformed FEMB, delivering a return of +13.0% compared to +2.6%

FEMB vs HAWX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FEMB(ETF)	HAWX(ETF)
Net Assets	$353M	$353M
Expense Ratio	0.85%	0.35%
Max Drawdown	52.52%	30.63%
Sharpe Ratio	0.53	1.71
5Y Beta	0.15	0.71
5Y Dividends CAGR	-1.78%	11.79%

Net Assets

Winner

FEMB

$353M

HAWX

$353M

Expense Ratio

FEMB

0.85%

Winner

HAWX

0.35%

Max Drawdown

FEMB

52.52%

Winner

HAWX

30.63%

Sharpe Ratio

FEMB

0.53

Winner

HAWX

1.71

5Y Beta

Winner

FEMB

0.15

HAWX

0.71

5Y Dividends CAGR

FEMB

-1.78%

Winner

HAWX

11.79%

FEMB vs HAWX - Historical Returns

Returns include dividend reinvestment.

Period	FEMB	HAWX
1 month	+0.28%	-2.70%
3 months	-0.68%	+6.82%
6 months	+0.37%	+11.45%
1 year	+7.61%	+32.01%
5 years(CAGR)	+2.60%	+13.03%
10 years(CAGR)	+1.89%	+11.90%
Max(CAGR)	+1.01%	+10.07%

Winner

FEMB

+0.28%

HAWX

-2.70%

FEMB

-0.68%

Winner

HAWX

+6.82%

FEMB

+0.37%

Winner

HAWX

+11.45%

FEMB

+7.61%

Winner

HAWX

+32.01%

5Y(CAGR)

FEMB

+2.60%

Winner

HAWX

+13.03%

10Y(CAGR)

FEMB

+1.89%

Winner

HAWX

+11.90%

Max(CAGR)

FEMB

+1.01%

Winner

HAWX

+10.07%

FEMB vs HAWX - Annual Returns (2014 - 2026)

Returns include dividend reinvestment.

Year	FEMB	HAWX
2026	+1.25%	+14.76%
2025	+20.69%	+26.15%
2024	-5.09%	+15.37%
2023	+17.88%	+15.51%
2022	-10.14%	-9.23%
2021	-13.65%	+12.76%
2020	+2.46%	+5.43%
2019	+11.63%	+22.53%
2018	-7.92%	-10.09%
2017	+12.34%	+17.53%
2016	+7.26%	+9.29%
2015	-14.12%	-6.70%
2014	-3.38%	N/A

FEMB vs HAWX Drawdown Comparison

The maximum drawdown for FEMB was -30.44%, occurring on Oct 19, 2022. Recovery took 1186 trading sessions.

The maximum drawdown for HAWX was -30.63%, occurring on Mar 16, 2020. Recovery took 210 trading sessions.

The current FEMB drawdown is -3.13%. The current HAWX drawdown is -2.70%.

Rank	FEMB	HAWX
#1	-30.44% Dec 18, 2020 - Sep 11, 2025	-30.63% Jan 17, 2020 - Nov 16, 2020
#2	-23.94% Feb 1, 2018 - Dec 7, 2020	-19.32% Jul 15, 2015 - Jan 4, 2017
#3	-20.53% Nov 25, 2014 - Sep 1, 2017	-17.46% Nov 16, 2021 - Jun 13, 2023
#4	-7.58% Feb 25, 2026 - Mar 30, 2026	-15.51% Jan 26, 2018 - May 3, 2019
#5	-7.12% Sep 8, 2017 - Jan 24, 2018	-13.30% Mar 19, 2025 - May 12, 2025
#6	-1.70% Sep 23, 2025 - Nov 6, 2025	-9.39% Feb 25, 2026 - Apr 17, 2026
#7	-1.40% Nov 18, 2025 - Dec 3, 2025	-9.17% Jul 12, 2024 - Sep 26, 2024
#8	-1.31% Dec 3, 2025 - Dec 23, 2025	-8.09% Jul 31, 2023 - Dec 13, 2023
#9	-1.20% Jan 29, 2026 - Feb 10, 2026	-6.56% Jul 24, 2019 - Sep 13, 2019
#10	-0.78% Nov 5, 2014 - Nov 18, 2014	-5.37% May 3, 2019 - Jul 2, 2019
#11	-0.77% Jan 26, 2018 - Feb 1, 2018	-5.10% Sep 7, 2021 - Nov 4, 2021
#12	-0.65% Nov 13, 2025 - Nov 18, 2025	-4.73% Jun 22, 2026 - Jul 20, 2026
#13	-0.65% Feb 17, 2026 - Feb 25, 2026	-4.33% Jun 2, 2026 - Jun 15, 2026
#14	-0.55% Dec 10, 2020 - Dec 15, 2020	-4.21% Nov 12, 2025 - Dec 19, 2025
#15	-0.49% Sep 17, 2025 - Sep 23, 2025	-3.85% Feb 16, 2021 - Apr 1, 2021

Correlation

Correlation between FEMB and HAWX is 0.57 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.57

-101

Dividend Comparison (2014 - 2026)

FEMB vs HAWX dividend yield comparison.

Year	FEMB	HAWX
2026	3.79%	1.11%
2025	5.67%	2.80%
2024	6.09%	3.31%
2023	5.15%	2.95%
2022	6.35%	16.94%
2021	6.12%	2.63%
2020	5.29%	2.00%
2019	5.40%	3.23%
2018	5.86%	2.51%
2017	6.38%	2.40%
2016	5.83%	2.49%
2015	4.89%	3.86%
2014	0.62%	0.00%