HAWX vs TDF

Comparison between ISHARES CURRENCY HEDGED MSCI ACWI EX U.S. ETF (HAWX, ETF) and Templeton Dragon Fund Inc (TDF, ETF).

5-Year PerformanceHAWX has outperformed TDF, delivering a return of +12.1% compared to -9.2%

HAWX vs TDF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HAWX(ETF)	TDF(ETF)
Net Assets	$332M	$330M
Expense Ratio	0.35%	N/A
Max Drawdown	30.63%	80.16%
Sharpe Ratio	1.81	0.63
5Y Beta	0.69	0.52
5Y Dividends CAGR	7.53%	-41.37%

Net Assets

Winner

HAWX

$332M

TDF

$330M

Expense Ratio

HAWX

0.35%

TDF

N/A

Max Drawdown

Winner

HAWX

30.63%

TDF

80.16%

Sharpe Ratio

Winner

HAWX

1.81

TDF

0.63

5Y Beta

HAWX

0.69

Winner

TDF

0.52

5Y Dividends CAGR

Winner

HAWX

7.53%

TDF

-41.37%

HAWX vs TDF - Historical Returns

Returns include dividend reinvestment.

Period	HAWX	TDF
1 month	+1.56%	-2.82%
3 months	+7.40%	-1.31%
6 months	+13.96%	-2.18%
1 year	+30.91%	+14.13%
5 years(CAGR)	+12.09%	-9.19%
10 years(CAGR)	+11.70%	+4.78%
Max(CAGR)	+9.85%	+10.39%

Winner

HAWX

+1.56%

TDF

-2.82%

Winner

HAWX

+7.40%

TDF

-1.31%

Winner

HAWX

+13.96%

TDF

-2.18%

Winner

HAWX

+30.91%

TDF

+14.13%

5Y(CAGR)

Winner

HAWX

+12.09%

TDF

-9.19%

10Y(CAGR)

Winner

HAWX

+11.70%

TDF

+4.78%

Max(CAGR)

HAWX

+9.85%

Winner

TDF

+10.39%

HAWX vs TDF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	HAWX	TDF
2026	+10.84%	-5.79%
2025	+26.15%	+39.46%
2024	+15.37%	+7.27%
2023	+15.51%	-22.26%
2022	-9.23%	-33.30%
2021	+12.76%	-18.29%
2020	+5.43%	+47.84%
2019	+22.53%	+28.46%
2018	-10.09%	-12.48%
2017	+17.53%	+40.43%
2016	+9.29%	+2.68%
2015	-6.70%	-9.97%
2014	N/A	+10.33%
2013	N/A	-5.53%
2012	N/A	+16.74%
2011	N/A	-11.66%
2010	N/A	+18.51%
2009	N/A	+56.73%
2008	N/A	-38.63%
2007	N/A	+29.15%
2006	N/A	+49.59%
2005	N/A	+17.89%
2004	N/A	-4.02%
2003	N/A	+105.30%
2002	N/A	+21.17%
2001	N/A	+16.16%
2000	N/A	-15.70%
1999	N/A	+23.89%

HAWX vs TDF Drawdown Comparison

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

The maximum drawdown for TDF was -66.88%, occurring on Feb 2, 2024. This drawdown has not yet recovered.

The current HAWX drawdown is -3.67%. The current TDF drawdown is -47.00%.

Rank	HAWX	TDF
#1	-30.63% Jan 17, 2020 - Nov 16, 2020	-66.88% Feb 17, 2021 - Feb 2, 2024
#2	-19.32% Jul 15, 2015 - Jan 4, 2017	-61.05% Oct 31, 2007 - Oct 5, 2010
#3	-17.46% Nov 16, 2021 - Jun 13, 2023	-39.37% Jan 5, 2004 - Jul 21, 2005
#4	-15.51% Jan 26, 2018 - May 3, 2019	-34.62% Apr 28, 2015 - Jul 11, 2017
#5	-13.30% Mar 19, 2025 - May 12, 2025	-33.00% May 8, 2006 - Dec 18, 2006
#6	-9.39% Feb 25, 2026 - Apr 17, 2026	-30.39% Jun 12, 2001 - Apr 23, 2002
#7	-9.17% Jul 12, 2024 - Sep 26, 2024	-29.56% Jan 16, 2020 - Jun 23, 2020
#8	-8.09% Jul 31, 2023 - Dec 13, 2023	-26.65% Jan 26, 2018 - Jan 2, 2020
#9	-6.56% Jul 24, 2019 - Sep 13, 2019	-24.73% Apr 8, 2011 - Dec 31, 2012
#10	-5.37% May 3, 2019 - Jul 2, 2019	-24.09% Jun 3, 2002 - Jan 14, 2003
#11	-5.10% Sep 7, 2021 - Nov 4, 2021	-22.30% Oct 28, 2003 - Dec 29, 2003
#12	-4.21% Nov 12, 2025 - Dec 19, 2025	-22.09% Jan 3, 2000 - Jan 31, 2001
#13	-3.85% Feb 16, 2021 - Apr 1, 2021	-21.68% Jan 16, 2007 - Jun 18, 2007
#14	-3.83% Jan 21, 2021 - Feb 5, 2021	-20.66% Feb 1, 2013 - Sep 9, 2014
#15	-3.67% Jun 2, 2026 - Jun 5, 2026	-18.02% Jul 12, 2007 - Sep 12, 2007

Correlation

Correlation between HAWX and TDF is 0.18 which considered as a very weak or no correlation - the stocks move independently of each other.

0.18

-101

Dividend Comparison (1999 - 2026)

HAWX vs TDF dividend yield comparison.

Year	HAWX	TDF
2026	0.00%	0.92%
2025	2.80%	3.55%
2024	3.31%	1.36%
2023	2.95%	0.00%
2022	16.94%	12.73%
2021	2.63%	14.13%
2020	2.00%	24.72%
2019	3.23%	10.75%
2018	2.51%	12.43%
2017	2.40%	7.95%
2016	2.49%	10.34%
2015	3.86%	22.49%
2014	0.00%	17.94%
2013	0.00%	6.44%
2012	0.00%	5.18%
2011	0.00%	8.81%
2010	0.00%	5.74%
2009	0.00%	3.39%
2008	0.00%	9.79%
2007	0.00%	10.49%
2006	0.00%	10.18%
2005	0.00%	4.73%
2004	0.00%	3.21%
2003	0.00%	3.21%
2002	0.00%	1.91%
2001	0.00%	13.22%
2000	0.00%	16.14%
1999	0.00%	3.06%