HAWX vs HECA
Comparison between ISHARES CURRENCY HEDGED MSCI ACWI EX U.S. ETF (HAWX, ETF) and HEDGEYE CAPITAL ALLOCATION ETF (HECA, ETF).
HAWX vs HECA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
HAWX
$346M
Winner
HECA
$346M
Expense Ratio
Winner
HAWX
0.35%
HECA
1.30%
Max Drawdown
HAWX
30.63%
Winner
HECA
12.46%
Sharpe Ratio
Winner
HAWX
1.89
HECA
0.64
5Y Beta
HAWX
0.70
Winner
HECA
0.50
5Y Dividends CAGR
HAWX
7.53%
HECA
N/A
HAWX vs HECA - Historical Returns
Returns include dividend reinvestment.
1M
Winner
HAWX
+5.03%
HECA
-1.71%
3M
Winner
HAWX
+11.06%
HECA
-9.21%
6M
Winner
HAWX
+18.77%
HECA
-1.44%
1Y
Winner
HAWX
+35.43%
HECA
+10.25%
5Y(CAGR)
HAWX
+12.80%
HECA
N/A
10Y(CAGR)
HAWX
+12.54%
HECA
N/A
Max(CAGR)
HAWX
+10.19%
Winner
HECA
+10.72%
HAWX vs HECA - Annual Returns (2015 - 2026)
Returns include dividend reinvestment.
| Year | HAWX | HECA |
|---|---|---|
| 2026 | +15.00% | -2.60% |
| 2025 | +26.15% | +12.83% |
| 2024 | +15.37% | N/A |
| 2023 | +15.51% | N/A |
| 2022 | -9.23% | N/A |
| 2021 | +12.76% | N/A |
| 2020 | +5.43% | N/A |
| 2019 | +22.53% | N/A |
| 2018 | -10.09% | N/A |
| 2017 | +17.53% | N/A |
| 2016 | +9.29% | N/A |
| 2015 | -6.70% | N/A |
HAWX vs HECA Drawdown Comparison
The maximum drawdown for HAWX was -30.63%, occurring on Mar 16, 2020. Recovery took 210 trading sessions.
The maximum drawdown for HECA was -12.46%, occurring on Jun 5, 2026. This drawdown has not yet recovered.
The current HAWX drawdown is -0.53%. The current HECA drawdown is -12.33%.
| Rank | HAWX | HECA |
|---|---|---|
| #1 | -30.63% Jan 17, 2020 - Nov 16, 2020 | -12.46% Feb 25, 2026 - Jun 5, 2026 |
| #2 | -19.32% Jul 15, 2015 - Jan 4, 2017 | -5.01% Oct 15, 2025 - Jan 6, 2026 |
| #3 | -17.46% Nov 16, 2021 - Jun 13, 2023 | -3.39% Jan 28, 2026 - Feb 9, 2026 |
| #4 | -15.51% Jan 26, 2018 - May 3, 2019 | -3.35% Oct 8, 2025 - Oct 15, 2025 |
| #5 | -13.30% Mar 19, 2025 - May 12, 2025 | -2.34% Jul 23, 2025 - Aug 27, 2025 |
| #6 | -9.39% Feb 25, 2026 - Apr 17, 2026 | -1.15% Feb 13, 2026 - Feb 25, 2026 |
| #7 | -9.17% Jul 12, 2024 - Sep 26, 2024 | -1.02% Aug 28, 2025 - Sep 5, 2025 |
| #8 | -8.09% Jul 31, 2023 - Dec 13, 2023 | -0.80% Sep 22, 2025 - Sep 26, 2025 |
| #9 | -6.56% Jul 24, 2019 - Sep 13, 2019 | -0.68% Jul 3, 2025 - Jul 17, 2025 |
| #10 | -5.37% May 3, 2019 - Jul 2, 2019 | -0.63% Oct 6, 2025 - Oct 8, 2025 |
| #11 | -5.10% Sep 7, 2021 - Nov 4, 2021 | -0.63% Sep 8, 2025 - Sep 11, 2025 |
| #12 | -4.33% Jun 2, 2026 - Jun 15, 2026 | -0.61% Sep 15, 2025 - Sep 19, 2025 |
| #13 | -4.21% Nov 12, 2025 - Dec 19, 2025 | -0.58% Jan 16, 2026 - Jan 21, 2026 |
| #14 | -3.85% Feb 16, 2021 - Apr 1, 2021 | -0.57% Jan 22, 2026 - Jan 27, 2026 |
| #15 | -3.83% Jan 21, 2021 - Feb 5, 2021 | -0.57% Jan 6, 2026 - Jan 9, 2026 |
Correlation
Correlation between HAWX and HECA is 0.60 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.60
-101
Dividend Comparison (2015 - 2025)
HAWX vs HECA dividend yield comparison.
| Year | HAWX | HECA |
|---|---|---|
| 2025 | 2.80% | 2.02% |
| 2024 | 3.31% | 0.00% |
| 2023 | 2.95% | 0.00% |
| 2022 | 16.94% | 0.00% |
| 2021 | 2.63% | 0.00% |
| 2020 | 2.00% | 0.00% |
| 2019 | 3.23% | 0.00% |
| 2018 | 2.51% | 0.00% |
| 2017 | 2.40% | 0.00% |
| 2016 | 2.49% | 0.00% |
| 2015 | 3.86% | 0.00% |
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