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ETFs

iShares Currency Hedged MSCI Canada ETF

HEWC
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 29 2015
Expense Ratio
0.53%
Type
Global Ex. US Equities
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$89,290
AUM
$13,178,318
Associated Index
MSCI Canada 100% Hedged to USD Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

EWC
BlackRock Institutional Trust Company N.A. - iShares MSCI Canada ETF
99.96%
n/a
Derivatives offset
0.51%
n/a
USD CASH
0.04%
n/a
CAD/USD
0.00%
n/a
CAD/USD
-0.01%
n/a
CAD/USD
-0.50%
Invest with HEWC

What is HEWC?

The iShares Currency Hedged MSCI Canada ETF seeks to track the investment results of an index composed of large- and mid-capitalization Canadian equities while mitigating exposure to fluctuations between the value of the Canadian dollar and the U.S. dollar. The MSCI Canada 100% Hedged to USD Index represents a close estimation of the performance that can be achieved by hedging the currency exposure of its parent index, the MSCI Canada Index, to the USD, the "home" currency for the hedged index. The index is 100% hedged to the USD by selling the CAD forward at the one-month Forward rate. The parent index is composed of large and mid cap stocks.

ETFs related toHEWC

ETFs correlated to HEWC include BBCA, EWC, PID

HEWC
BlackRock Institutional Trust Company N.A. - iShares Currency Hedged MSCI Canada ETF
BBCA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders Canada ETF
EWC
BlackRock Institutional Trust Company N.A. - iShares MSCI Canada ETF
PID
Invesco Capital Management LLC - Invesco International Dividend Achievers ETF
AVGE
American Century ETF Trust - Avantis All Equity Markets ETF
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
DFAI
Dimensional ETF Trust - Dimensional International Core Equity Market ETF
FEX
First Trust Exchange-Traded Fund III - First Trust Large Cap Core AlphaDEX Fund
HFXI
IndexIQ ETF Trust - IQ FTSE International Equity Currency Neutral ETF
VONV
Vanguard Group, Inc. - Vanguard Russell 1000 Value Index ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toHEWC

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#DRAG

Copy the Dragon Portfolio

Category

Go Global, Copy the Greats

Risk Rating

Aggressive

Create your own algorithmic trading strategy with HEWC using Composer

FAQ

HEWC is a Global Ex. US Equities ETF. The iShares Currency Hedged MSCI Canada ETF seeks to track the investment results of an index composed of large- and mid-capitalization Canadian equities while mitigating exposure to fluctuations between the value of the Canadian dollar and the U.S. dollar. The MSCI Canada 100% Hedged to USD Index represents a close estimation of the performance that can be achieved by hedging the currency exposure of its parent index, the MSCI Canada Index, to the USD, the "home" currency for the hedged index. The index is 100% hedged to the USD by selling the CAD forward at the one-month Forward rate. The parent index is composed of large and mid cap stocks.

HEWC tracks the MSCI Canada 100% Hedged to USD Index.

No, HEWC is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, HEWC is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on HEWC is 0.005%. This is the percent change in the value of HEWC over the most recent 1-month period. The 3-month return on HEWC is 0.0213%. This is the percent change in the value of HEWC over the most recent 3-month period.

The standard deviation of HEWC for the past year is 0.1464%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to HEWC include EWZ, EWW, and EWT.

ETFs correlated to HEWC include BBCA, EWC, and PID.

ETFs that are inversely correlated to HEWC include EFZ, FAZ, and EPV.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.