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- Upturn Summary
- Fund Details
Upturn AI Summary
iShares Currency Hedged MSCI ACWI ex U.S. ETF(HAWX)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for HAWX
10/28/2026: HAWX (2-star) is currently NOT-A-BUY. Pass it for now.
HAWX offers investors diversified exposure to global equities outside the U.S. while neutralizing currency risk through forward contracts. Its main strengths include the expertise of the iShares management team and a structural design that isolates equity returns from foreign exchange volatility. The fund is ideal for tactical portfolios when investors anticipate a strong U.S. Dollar, though it misses out on currency tailwinds. Key risks include broad international market downturns and the costs associated with maintaining currency hedges. It is best suited for long-term international investors who prefer a currency-neutral approach to global equity participation.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | It provides growth potential but removes the potential tailwind or headwind of currency moves. |
| Momentum investor | Strong fit while signal remains positive | Investors often use this to play momentum in international markets while protecting against a strong USD. |
| Value investor | Strong fit | Allows value-oriented investors to capture international equity upside without currency friction. |
| Dividend/Income investor | Mixed fit | The hedging strategy does not impact dividend yield, but focuses primarily on capital appreciation. |
| Low-risk investor | Mixed fit | Hedging reduces one layer of risk (currency), but the underlying equity market remains volatile. |
Investor Profile
Ideal Investor Profile
Investors seeking broad international equity exposure who believe in a strong or stable U.S. Dollar and wish to avoid the volatility of foreign exchange rates.
Suitability
Best for long-term investors or those making tactical asset allocation adjustments to manage currency risk in their portfolio.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Medium / high | International equities are inherently volatile regardless of currency hedging. |
| Market risk | High | Broad exposure to global markets means the fund is susceptible to widespread economic downturns. |
| Concentration | Low | The fund holds a highly diversified basket of thousands of securities. |
| Tracking/expense | Low | The fund maintains a low expense ratio and manages tracking error effectively. |
| Liquidity | Medium | While generally liquid, some underlying emerging market assets may experience liquidity constraints. |
| Business/sector quality | Medium | Exposure to various sectors and geographies introduces diverse business-cycle risks. |
Risk Analysis
Volatility
HAWX exhibits volatility consistent with global equity indices, moderated slightly by the removal of currency-related exchange rate variance.
Market Risk
The primary risk is the decline in value of the underlying international equity holdings due to economic or geopolitical events.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Geography | International Developed Markets (Ex-US) | 75 | This provides broad exposure to major economies in Europe, Asia, and the Pacific. |
| Geography | Emerging Markets | 24 | Includes exposure to growth-oriented economies like China, India, and Brazil. |
| Derivatives | Currency Forward Contracts | 1 | These instruments hedge out foreign currency risk to isolate local equity market returns. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type ETF | Historic Profit 27.4% | Avg. Invested days 74 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  5.0 | ETF Returns Performance  4.0 |
| Profits based on simulation | Last Close 10/28/2026 |
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