HAWX vs AFB

Comparison between ISHARES CURRENCY HEDGED MSCI ACWI EX U.S. ETF (HAWX, ETF) and AllianceBernstein National Municipal Income Fund Inc (AFB, ETF).

5-Year PerformanceHAWX has outperformed AFB, delivering a return of +13.0% compared to -1.8%

HAWX vs AFB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HAWX(ETF)	AFB(ETF)
Net Assets	$353M	$353M
Expense Ratio	0.35%	N/A
Max Drawdown	30.63%	56.18%
Sharpe Ratio	1.71	1.30
5Y Beta	0.71	0.10
5Y Dividends CAGR	11.79%	-2.10%

Net Assets

HAWX

$353M

Winner

AFB

$353M

Expense Ratio

HAWX

0.35%

AFB

N/A

Max Drawdown

Winner

HAWX

30.63%

AFB

56.18%

Sharpe Ratio

Winner

HAWX

1.71

AFB

1.30

5Y Beta

HAWX

0.71

Winner

AFB

0.10

5Y Dividends CAGR

Winner

HAWX

11.79%

AFB

-2.10%

HAWX vs AFB - Historical Returns

Returns include dividend reinvestment.

Period	HAWX	AFB
1 month	-2.70%	-2.04%
3 months	+6.82%	+2.08%
6 months	+11.45%	+4.37%
1 year	+32.01%	+15.23%
5 years(CAGR)	+13.03%	-1.81%
10 years(CAGR)	+11.90%	+1.36%
Max(CAGR)	+10.07%	+4.40%

HAWX

-2.70%

Winner

AFB

-2.04%

Winner

HAWX

+6.82%

AFB

+2.08%

Winner

HAWX

+11.45%

AFB

+4.37%

Winner

HAWX

+32.01%

AFB

+15.23%

5Y(CAGR)

Winner

HAWX

+13.03%

AFB

-1.81%

10Y(CAGR)

Winner

HAWX

+11.90%

AFB

+1.36%

Max(CAGR)

Winner

HAWX

+10.07%

AFB

+4.40%

HAWX vs AFB - Annual Returns (2002 - 2026)

Returns include dividend reinvestment.

Year	HAWX	AFB
2026	+14.76%	+4.95%
2025	+26.15%	+3.74%
2024	+15.37%	+3.62%
2023	+15.51%	+6.52%
2022	-9.23%	-26.36%
2021	+12.76%	+7.80%
2020	+5.43%	+8.62%
2019	+22.53%	+17.80%
2018	-10.09%	-5.64%
2017	+17.53%	+5.98%
2016	+9.29%	+0.60%
2015	-6.70%	+6.57%
2014	N/A	+17.08%
2013	N/A	-16.19%
2012	N/A	+12.31%
2011	N/A	+23.79%
2010	N/A	+2.72%
2009	N/A	+46.56%
2008	N/A	-26.19%
2007	N/A	-7.62%
2006	N/A	+5.59%
2005	N/A	+17.67%
2004	N/A	+6.73%
2003	N/A	+9.12%
2002	N/A	-3.10%

HAWX vs AFB Drawdown Comparison

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

The maximum drawdown for AFB was -51.00%, occurring on Oct 10, 2008. Recovery took 746 trading sessions.

The current HAWX drawdown is -2.70%. The current AFB drawdown is -10.27%.

Rank	HAWX	AFB
#1	-30.63% Jan 17, 2020 - Nov 16, 2020	-51.00% Oct 19, 2006 - Oct 7, 2009
#2	-19.32% Jul 15, 2015 - Jan 4, 2017	-35.14% Dec 16, 2021 - Oct 20, 2023
#3	-17.46% Nov 16, 2021 - Jun 13, 2023	-26.40% Jan 18, 2013 - Jan 7, 2016
#4	-15.51% Jan 26, 2018 - May 3, 2019	-23.23% Mar 6, 2020 - Nov 27, 2020
#5	-13.30% Mar 19, 2025 - May 12, 2025	-18.03% Oct 7, 2010 - Sep 13, 2011
#6	-9.39% Feb 25, 2026 - Apr 17, 2026	-14.00% Mar 17, 2004 - Nov 1, 2004
#7	-9.17% Jul 12, 2024 - Sep 26, 2024	-13.99% Jul 8, 2016 - Jun 13, 2019
#8	-8.09% Jul 31, 2023 - Dec 13, 2023	-12.35% Jan 29, 2002 - Apr 28, 2003
#9	-6.56% Jul 24, 2019 - Sep 13, 2019	-9.33% Oct 7, 2009 - Jan 25, 2010
#10	-5.37% May 3, 2019 - Jul 2, 2019	-8.25% Mar 2, 2012 - May 17, 2012
#11	-5.10% Sep 7, 2021 - Nov 4, 2021	-8.16% Jun 13, 2003 - Jan 9, 2004
#12	-4.73% Jun 22, 2026 - Jul 20, 2026	-6.23% Oct 1, 2012 - Jan 7, 2013
#13	-4.33% Jun 2, 2026 - Jun 15, 2026	-6.06% Sep 7, 2005 - Dec 15, 2005
#14	-4.21% Nov 12, 2025 - Dec 19, 2025	-5.38% Jul 11, 2006 - Aug 1, 2006
#15	-3.85% Feb 16, 2021 - Apr 1, 2021	-5.24% Jan 30, 2012 - Mar 2, 2012

Correlation

Correlation between HAWX and AFB is 0.47 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.47

-101

Dividend Comparison (2002 - 2026)

HAWX vs AFB dividend yield comparison.

Year	HAWX	AFB
2026	1.11%	3.18%
2025	2.80%	4.72%
2024	3.31%	3.83%
2023	2.95%	3.62%
2022	16.94%	5.26%
2021	2.63%	4.32%
2020	2.00%	4.18%
2019	3.23%	3.93%
2018	2.51%	4.53%
2017	2.40%	4.70%
2016	2.49%	5.34%
2015	3.86%	5.80%
2014	0.00%	6.35%
2013	0.00%	7.06%
2012	0.00%	5.98%
2011	0.00%	6.29%
2010	0.00%	7.19%
2009	0.00%	6.64%
2008	0.00%	8.37%
2007	0.00%	5.91%
2006	0.00%	6.29%
2005	0.00%	6.48%
2004	0.00%	7.14%
2003	0.00%	6.81%
2002	0.00%	5.18%