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ETFs

iShares Currency Hedged MSCI United Kingdom ETF

HEWU
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 29 2015
Expense Ratio
0.50%
Type
Global Ex. US Equities
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$200,898
AUM
$8,953,176
Associated Index
MSCI United Kingdom 100% Hedged to USD Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

EWU
BlackRock Institutional Trust Company N.A. - iShares MSCI United Kingdom ETF
99.93%
n/a
GBP/USD
3.24%
n/a
USD CASH
0.07%
n/a
GBP/USD
0.03%
n/a
GBP CASH
0.00%
n/a
GBP/USD
-0.04%
n/a
Derivatives offset
-3.22%
Invest with HEWU

What is HEWU?

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

ETFs related toHEWU

ETFs correlated to HEWU include DBEU, DBEF, HEFA

HEWU
BlackRock Institutional Trust Company N.A. - iShares Currency Hedged MSCI United Kingdom ETF
DBEU
DBX ETF Trust - Xtrackers MSCI Europe Hedged Equity ETF
DBEF
DBX ETF Trust - Xtrackers MSCI EAFE Hedged Equity ETF
HEFA
BlackRock Institutional Trust Company N.A. - iShares Currency Hedged MSCI EAFE ETF
LVHI
Legg Mason ETF Investment Trust - Franklin International Low Volatility High Dividend Index ETF
HEZU
BlackRock Institutional Trust Company N.A. - iShares Currency Hedged MSCI EMU ETF
EWU
BlackRock Institutional Trust Company N.A. - iShares MSCI United Kingdom ETF
FLGB
Franklin Templeton ETF Trust - Franklin FTSE United Kingdom ETF
EFV
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE Value ETF
HEDJ
WisdomTree Trust - WisdomTree Europe Hedged Equity Fund
IHDG
WisdomTree Trust - WisdomTree International Hedged Quality Dividend Growth Fund

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 toHEWU

#DRAG

Copy the Dragon Portfolio

Category

Go Global, Copy the Greats

Risk Rating

Aggressive

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with HEWU using Composer

FAQ

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

HEWU tracks the MSCI United Kingdom 100% Hedged to USD Index.

No, HEWU 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, HEWU 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 HEWU is 0.0468%. This is the percent change in the value of HEWU over the most recent 1-month period. The 3-month return on HEWU is 0.0359%. This is the percent change in the value of HEWU over the most recent 3-month period.

The standard deviation of HEWU for the past year is 0.126%. 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 HEWU include EWZ, EWW, and EWT.

ETFs correlated to HEWU include DBEU, DBEF, and HEFA.

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

Disclaimers

*

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.