iShares Currency Hedged MSCI EAFE ETF (HEFA)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

The chart shows the growth of an initial investment of $10,000 in iShares Currency Hedged MSCI EAFE ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

iShares Currency Hedged MSCI EAFE ETF (HEFA) has returned 2.74% so far this year and 22.56% over the past 12 months. Over the last ten years, HEFA has had an annualized return of 12.14%, just under the S&P 500 Index benchmark’s 12.16%.

Based on dividend-adjusted daily data since Feb 14, 2014, HEFA's average daily return is +0.04%, while the average monthly return is +0.87%. At this rate, your investment would double in approximately 6.7 years.

Historically, 67% of months were positive and 33% were negative. The best month was Nov 2020 with a return of +12.3%, while the worst month was Mar 2020 at -13.2%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 3 months.

On a daily basis, HEFA closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +7.4%, while the worst single day was Mar 16, 2020 at -10.8%.

iShares Currency Hedged MSCI EAFE ETF has an annualized alpha of 1.72%, beta of 0.78, and R² of 0.71 versus S&P 500 Index. Calculated based on daily prices since February 18, 2014.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (72.67%) than losses (69.30%) — typical of diversified or defensive assets.

HEFA has an expense ratio of 0.35%, placing it in the medium range.

HEFA ranks 73 for risk / return — better than 73% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for iShares Currency Hedged MSCI EAFE ETF (HEFA) and compare them to a chosen benchmark (S&P 500 Index).

iShares Currency Hedged MSCI EAFE ETF provided a 4.28% dividend yield over the last twelve months, with an annual payout of $1.82 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for iShares Currency Hedged MSCI EAFE ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the iShares Currency Hedged MSCI EAFE ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the iShares Currency Hedged MSCI EAFE ETF was 32.39%, occurring on Mar 16, 2020. Recovery took 200 trading sessions.

The current iShares Currency Hedged MSCI EAFE ETF drawdown is 5.94%.

The chart below shows the rolling one-month volatility.