HAWX vs BSMR

Comparison between ISHARES CURRENCY HEDGED MSCI ACWI EX U.S. ETF (HAWX, ETF) and INVESCO BULLETSHARES 2027 MUNICIPAL BOND ETF (BSMR, ETF).

5-Year PerformanceHAWX has outperformed BSMR, delivering a return of +13.1% compared to +0.5%

HAWX vs BSMR - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HAWX(ETF)	BSMR(ETF)
Net Assets	$346M	$346M
Expense Ratio	0.35%	0.18%
Max Drawdown	30.63%	13.63%
Sharpe Ratio	1.50	-0.59
5Y Beta	0.70	0.00
5Y Dividends CAGR	11.79%	16.23%

Net Assets

HAWX

$346M

BSMR

$346M

Expense Ratio

HAWX

0.35%

Winner

BSMR

0.18%

Max Drawdown

HAWX

30.63%

Winner

BSMR

13.63%

Sharpe Ratio

Winner

HAWX

1.50

BSMR

-0.59

5Y Beta

HAWX

0.70

Winner

BSMR

0.00

5Y Dividends CAGR

HAWX

11.79%

Winner

BSMR

16.23%

HAWX vs BSMR - Historical Returns

Returns include dividend reinvestment.

Period	HAWX	BSMR
1 month	+2.13%	+0.53%
3 months	+3.83%	+0.86%
6 months	+6.97%	+0.69%
1 year	+28.23%	+2.92%
5 years(CAGR)	+13.08%	+0.47%
10 years(CAGR)	+11.87%	N/A
Max(CAGR)	+10.07%	+1.27%

Winner

HAWX

+2.13%

BSMR

+0.53%

Winner

HAWX

+3.83%

BSMR

+0.86%

Winner

HAWX

+6.97%

BSMR

+0.69%

Winner

HAWX

+28.23%

BSMR

+2.92%

5Y(CAGR)

Winner

HAWX

+13.08%

BSMR

+0.47%

10Y(CAGR)

HAWX

+11.87%

BSMR

N/A

Max(CAGR)

Winner

HAWX

+10.07%

BSMR

+1.27%

HAWX vs BSMR - Annual Returns (2015 - 2026)

Returns include dividend reinvestment.

Year	HAWX	BSMR
2026	+15.76%	+1.57%
2025	+26.15%	+2.89%
2024	+15.37%	+1.69%
2023	+15.51%	+4.32%
2022	-9.23%	-7.56%
2021	+12.76%	+1.08%
2020	+5.43%	+4.93%
2019	+22.53%	+0.16%
2018	-10.09%	N/A
2017	+17.53%	N/A
2016	+9.29%	N/A
2015	-6.70%	N/A

HAWX vs BSMR Drawdown Comparison

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

The maximum drawdown for BSMR was -13.49%, occurring on Mar 23, 2020. Recovery took 112 trading sessions.

The current HAWX drawdown is -1.86%. The current BSMR drawdown is -0.11%.

Rank	HAWX	BSMR
#1	-30.63% Jan 17, 2020 - Nov 16, 2020	-13.49% Mar 2, 2020 - Aug 10, 2020
#2	-19.32% Jul 15, 2015 - Jan 4, 2017	-12.01% Jul 19, 2021 - Nov 25, 2025
#3	-17.46% Nov 16, 2021 - Jun 13, 2023	-2.46% Feb 11, 2021 - Jun 9, 2021
#4	-15.51% Jan 26, 2018 - May 3, 2019	-2.10% Aug 10, 2020 - Dec 3, 2020
#5	-13.30% Mar 19, 2025 - May 12, 2025	-1.04% Oct 21, 2019 - Jan 6, 2020
#6	-9.39% Feb 25, 2026 - Apr 17, 2026	-0.67% Jun 15, 2021 - Jul 8, 2021
#7	-9.17% Jul 12, 2024 - Sep 26, 2024	-0.57% Feb 25, 2026 - Jun 3, 2026
#8	-8.09% Jul 31, 2023 - Dec 13, 2023	-0.43% Jan 31, 2020 - Feb 18, 2020
#9	-6.56% Jul 24, 2019 - Sep 13, 2019	-0.42% Aug 7, 2026 - Aug 21, 2026
#10	-5.56% Jun 22, 2026 - Jul 29, 2026	-0.36% Jul 9, 2026 - Aug 5, 2026
#11	-5.37% May 3, 2019 - Jul 2, 2019	-0.31% Jan 5, 2021 - Jan 26, 2021
#12	-5.10% Sep 7, 2021 - Nov 4, 2021	-0.27% Jan 26, 2026 - Feb 5, 2026
#13	-4.33% Jun 2, 2026 - Jun 15, 2026	-0.23% Jun 11, 2026 - Jun 18, 2026
#14	-4.21% Nov 12, 2025 - Dec 19, 2025	-0.23% Feb 10, 2026 - Feb 13, 2026
#15	-3.85% Feb 16, 2021 - Apr 1, 2021	-0.15% Jun 22, 2026 - Jul 9, 2026

Correlation

Correlation between HAWX and BSMR is 0.68 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.68

-101

Dividend Comparison (2015 - 2026)

HAWX vs BSMR dividend yield comparison.

Year	HAWX	BSMR
2026	1.10%	1.81%
2025	2.80%	2.77%
2024	3.31%	2.78%
2023	2.95%	2.72%
2022	16.94%	1.40%
2021	2.63%	1.00%
2020	2.00%	1.49%
2019	3.23%	0.45%
2018	2.51%	0.00%
2017	2.40%	0.00%
2016	2.49%	0.00%
2015	3.86%	0.00%