SPDR MSCI ACWI ex-US ETF

CWI

Market cap $2.44B

iShares Currency Hedged MSCI ACWI ex U.S. ETF receives a Buy rating for USD-based investors seeking international equity exposure with currency risk mitigation. Hedging international equities with HAWX has historically delivered superior long-term results and lower standard deviation compared to unhedged alternatives like SPDR MSCI ACWI ex-US ETF. HAWX tracks the MSCI ACWI ex USA 100% Hedged to USD Index, offering broad developed and emerging market exposure while neutralizing currency fluctuations.

The market ended the month of July on a down note, but the S&P 500 still ended the month with a gain of 2.3%. While domestic equities posted small gains in July, there was quite a bit of disparity among international markets.

As tariff tensions ease and investor sentiment improves, global ETFs like ACWI are poised for a rally.

Since President Trump's second term began with the Inauguration on January 20th, the S&P 500 ETF (SPY) is down 16.5% compared to a 6.2% drop for the all world ex US ETF (CWI). It's early, but the rest of the world is solidly beating US markets so far under Trump 2.0. The average country ETF is down exactly 10% in the two and a half trading days since Trump's "Liberation Day," and the only two down less than 5% are India (INDA) and Turkey (TUR).

US equities have outperformed the rest of the world for a long time now. While the US is up 58% on a total return basis during the current bull market, the rest of the world is up 13.5 percentage points less at +44.5%. Looking at the international dividend ETF over a longer time frame, over the last five years, it's up 20.6% in price and more than double that on a total return basis.