HAWX vs FEMB

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

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

HAWX vs FEMB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

HAWX

$353M

Winner

FEMB

$353M

Expense Ratio

Winner

HAWX

0.35%

FEMB

0.85%

Max Drawdown

Winner

HAWX

30.63%

FEMB

52.52%

Sharpe Ratio

Winner

HAWX

1.71

FEMB

0.53

5Y Beta

HAWX

0.71

Winner

FEMB

0.15

5Y Dividends CAGR

Winner

HAWX

11.79%

FEMB

-1.78%

HAWX vs FEMB - Historical Returns

Returns include dividend reinvestment.

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

HAWX

-2.70%

Winner

FEMB

+0.28%

Winner

HAWX

+6.82%

FEMB

-0.68%

Winner

HAWX

+11.45%

FEMB

+0.37%

Winner

HAWX

+32.01%

FEMB

+7.61%

5Y(CAGR)

Winner

HAWX

+13.03%

FEMB

+2.60%

10Y(CAGR)

Winner

HAWX

+11.90%

FEMB

+1.89%

Max(CAGR)

Winner

HAWX

+10.07%

FEMB

+1.01%

HAWX vs FEMB - Annual Returns (2014 - 2026)

Returns include dividend reinvestment.

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

HAWX vs FEMB Drawdown Comparison

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

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

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

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

Correlation

Correlation between HAWX and FEMB 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)

HAWX vs FEMB dividend yield comparison.

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