HAWX vs PBP
Comparison between ISHARES CURRENCY HEDGED MSCI ACWI EX U.S. ETF (HAWX, ETF) and INVESCO S&P 500 BUYWRITE ETF (PBP, ETF).
5-Year PerformanceHAWX has outperformed PBP, delivering a return of +12.8% compared to +8.1%
HAWX vs PBP - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
HAWX
$346M
PBP
$344M
Expense Ratio
HAWX
0.35%
Winner
PBP
0.29%
Max Drawdown
Winner
HAWX
30.63%
PBP
45.11%
Sharpe Ratio
Winner
HAWX
1.89
PBP
1.74
5Y Beta
HAWX
0.70
Winner
PBP
0.64
P/E Ratio
HAWX
N/A
PBP
27.62
Forward P/E
HAWX
N/A
PBP
21.26
5Y Dividends CAGR
HAWX
7.53%
Winner
PBP
63.54%
5Y EPS CAGR
HAWX
N/A
PBP
25.99%
Debt to Equity
HAWX
N/A
PBP
30.98%
P/S Ratio
HAWX
N/A
PBP
3.65
P/B Ratio
HAWX
N/A
PBP
5.46
HAWX vs PBP - Holdings Comparison
HAWX and PBP have 1 common holdings. Overlap is -20.34%
HAWX's top 25 holdings weight is 194.15%. PBP's top 25 holdings weight is 54.06%.
| Rank | HAWX | PBP |
|---|---|---|
| #1 | ISHARES MSCI ACWI EX US ETF (ACWX) - 99.47% | NVIDIA CORP (NVDA) - 8.56% |
| #2 | EUR/USD PURCHASED (n/a) - 20.33% | APPLE INC (AAPL) - 7.31% |
| #3 | JPY/USD PURCHASED (n/a) - 13.32% | MICROSOFT CORP (MSFT) - 5.17% |
| #4 | GBP/USD PURCHASED (n/a) - 8.47% | AMAZON.COM INC (AMZN) - 3.96% |
| #5 | CAD/USD PURCHASED (n/a) - 8.03% | BROADCOM INC (AVGO) - 3.61% |
| #6 | TWD/USD PURCHASED (n/a) - 7.98% | ALPHABET INC CLASS A (GOOGL) - 3.33% |
| #7 | HKD/USD PURCHASED (n/a) - 6.80% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | KRW/USD PURCHASED (n/a) - 5.96% | META PLATFORMS INC CLASS A (META) - 2.06% |
| #9 | CHF/USD PURCHASED (n/a) - 5.29% | MICRON TECHNOLOGY INC (MU) - 1.89% |
| #10 | AUD/USD PURCHASED (n/a) - 3.81% | TESLA INC (TSLA) - 1.88% |
| #11 | INR/USD PURCHASED (n/a) - 3.75% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37% |
| #12 | SEK/USD PURCHASED (n/a) - 1.84% | ADVANCED MICRO DEVICES INC (AMD) - 1.34% |
| #13 | BRL/USD PURCHASED (n/a) - 1.31% | ELI LILLY AND CO (LLY) - 1.33% |
| #14 | CNH/USD PURCHASED (n/a) - 1.16% | JPMORGAN CHASE & CO (JPM) - 1.28% |
| #15 | MYR/USD PURCHASED (n/a) - 1.03% | EXXON MOBIL CORP (XOM) - 0.99% |
| #16 | ZAR/USD PURCHASED (n/a) - 1.01% | JOHNSON & JOHNSON (JNJ) - 0.85% |
| #17 | DKK/USD PURCHASED (n/a) - 0.97% | VISA INC CLASS A (V) - 0.84% |
| #18 | SGD/USD PURCHASED (n/a) - 0.84% | INTEL CORP (INTC) - 0.80% |
| #19 | MXN/USD PURCHASED (n/a) - 0.58% | CISCO SYSTEMS INC (CSCO) - 0.80% |
| #20 | CASH OFFSET (n/a) - 0.50% | WALMART INC (WMT) - 0.78% |
| #21 | ILS/USD PURCHASED (n/a) - 0.50% | CATERPILLAR INC (CAT) - 0.67% |
| #22 | NOK/USD PURCHASED (n/a) - 0.46% | COSTCO WHOLESALE CORP (COST) - 0.67% |
| #23 | THB/USD PURCHASED (n/a) - 0.31% | LAM RESEARCH CORP (LRCX) - 0.66% |
| #24 | IDR/USD PURCHASED (n/a) - 0.25% | ORACLE CORP (ORCL) - 0.65% |
| #25 | CLP/USD PURCHASED (n/a) - 0.18% | MASTERCARD INC CLASS A (MA) - 0.61% |
| Total Holdings | 55 | 499 |
HAWX vs PBP - Historical Returns
Returns include dividend reinvestment.
1M
Winner
HAWX
+5.03%
PBP
+1.88%
3M
Winner
HAWX
+11.06%
PBP
+4.50%
6M
Winner
HAWX
+18.77%
PBP
+6.44%
1Y
Winner
HAWX
+35.43%
PBP
+17.25%
5Y(CAGR)
Winner
HAWX
+12.80%
PBP
+8.14%
10Y(CAGR)
Winner
HAWX
+12.54%
PBP
+7.14%
Max(CAGR)
Winner
HAWX
+10.19%
PBP
+5.23%
HAWX vs PBP - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | HAWX | PBP |
|---|---|---|
| 2026 | +15.00% | +5.09% |
| 2025 | +26.15% | +8.98% |
| 2024 | +15.37% | +19.86% |
| 2023 | +15.51% | +11.74% |
| 2022 | -9.23% | -12.23% |
| 2021 | +12.76% | +20.87% |
| 2020 | +5.43% | -3.82% |
| 2019 | +22.53% | +13.35% |
| 2018 | -10.09% | -6.07% |
| 2017 | +17.53% | +11.20% |
| 2016 | +9.29% | +6.99% |
| 2015 | -6.70% | +5.54% |
| 2014 | N/A | +5.12% |
| 2013 | N/A | +11.48% |
| 2012 | N/A | +2.90% |
| 2011 | N/A | +4.10% |
| 2010 | N/A | +4.09% |
| 2009 | N/A | +21.34% |
| 2008 | N/A | -28.92% |
| 2007 | N/A | +2.07% |
HAWX vs PBP Drawdown Comparison
The maximum drawdown for HAWX was -30.63%, occurring on Mar 16, 2020. Recovery took 210 trading sessions.
The maximum drawdown for PBP was -43.43%, occurring on Mar 9, 2009. Recovery took 1243 trading sessions.
The current HAWX drawdown is -0.53%. The current PBP drawdown is -0.22%.
| Rank | HAWX | PBP |
|---|---|---|
| #1 | -30.63% Jan 17, 2020 - Nov 16, 2020 | -43.43% Apr 30, 2008 - Apr 10, 2013 |
| #2 | -19.32% Jul 15, 2015 - Jan 4, 2017 | -33.29% Feb 19, 2020 - Apr 6, 2021 |
| #3 | -17.46% Nov 16, 2021 - Jun 13, 2023 | -18.62% Apr 13, 2022 - Feb 23, 2024 |
| #4 | -15.51% Jan 26, 2018 - May 3, 2019 | -15.74% Sep 21, 2018 - Nov 7, 2019 |
| #5 | -13.30% Mar 19, 2025 - May 12, 2025 | -15.42% Feb 19, 2025 - Oct 20, 2025 |
| #6 | -9.39% Feb 25, 2026 - Apr 17, 2026 | -9.87% Dec 21, 2007 - Apr 30, 2008 |
| #7 | -9.17% Jul 12, 2024 - Sep 26, 2024 | -9.85% Jul 20, 2015 - Nov 27, 2015 |
| #8 | -8.09% Jul 31, 2023 - Dec 13, 2023 | -8.53% Dec 1, 2015 - Jun 23, 2016 |
| #9 | -6.56% Jul 24, 2019 - Sep 13, 2019 | -8.04% Jan 26, 2018 - May 14, 2018 |
| #10 | -5.37% May 3, 2019 - Jul 2, 2019 | -7.58% Sep 17, 2014 - Apr 10, 2015 |
| #11 | -5.10% Sep 7, 2021 - Nov 4, 2021 | -6.46% Jan 3, 2022 - Mar 28, 2022 |
| #12 | -4.33% Jun 2, 2026 - Jun 15, 2026 | -5.46% Jul 23, 2024 - Aug 15, 2024 |
| #13 | -4.21% Nov 12, 2025 - Dec 19, 2025 | -5.23% Feb 25, 2026 - Apr 30, 2026 |
| #14 | -3.85% Feb 16, 2021 - Apr 1, 2021 | -4.94% Jan 15, 2014 - Feb 14, 2014 |
| #15 | -3.83% Jan 21, 2021 - Feb 5, 2021 | -3.90% May 21, 2013 - Oct 14, 2013 |
Correlation
Correlation between HAWX and PBP is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
0.98
-101
Dividend Comparison (2008 - 2026)
HAWX vs PBP dividend yield comparison.
| Year | HAWX | PBP |
|---|---|---|
| 2026 | 0.00% | 4.48% |
| 2025 | 2.80% | 11.12% |
| 2024 | 3.31% | 9.36% |
| 2023 | 2.95% | 3.35% |
| 2022 | 16.94% | 1.33% |
| 2021 | 2.63% | 6.21% |
| 2020 | 2.00% | 1.41% |
| 2019 | 3.23% | 5.04% |
| 2018 | 2.51% | 2.59% |
| 2017 | 2.40% | 10.86% |
| 2016 | 2.49% | 2.56% |
| 2015 | 3.86% | 6.19% |
| 2014 | 0.00% | 4.96% |
| 2013 | 0.00% | 6.62% |
| 2012 | 0.00% | 4.38% |
| 2011 | 0.00% | 10.88% |
| 2010 | 0.00% | 7.91% |
| 2009 | 0.00% | 1.53% |
| 2008 | 0.00% | 2.38% |
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