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iShares Currency Hedged MSCI EAFE ETF (HEFA)

ETF · Currency in USD · Last updated Mar 2, 2024

HEFA is a passive ETF by iShares tracking the investment results of the MSCI EAFE 100% Hedged to USD Index. HEFA launched on Jan 31, 2014 and has a 0.35% expense ratio.

Summary

ETF Info

ISINUS46434V8037
CUSIP46434V803
IssueriShares
Inception DateJan 31, 2014
RegionDeveloped Markets (EAFE)
CategoryForeign Large Cap Equities
Index TrackedMSCI EAFE 100% Hedged to USD Index
Home Pagewww.ishares.com
Asset ClassEquity

Asset Class Size

Large-Cap

Asset Class Style

Blend

Expense Ratio

The iShares Currency Hedged MSCI EAFE ETF has a high expense ratio of 0.35%, indicating higher-than-average management fees.


0.50%1.00%1.50%2.00%0.35%

Share Price Chart


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Performance

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.


100.00%120.00%140.00%160.00%180.00%OctoberNovemberDecember2024FebruaryMarch
132.81%
179.40%
HEFA (iShares Currency Hedged MSCI EAFE ETF)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

Search for stocks, ETFs, and funds to compare with HEFA

iShares Currency Hedged MSCI EAFE ETF

Popular comparisons: HEFA vs. DBEF, HEFA vs. FNDF, HEFA vs. HEWJ, HEFA vs. HSCZ, HEFA vs. HEZU, HEFA vs. DBJP, HEFA vs. VOO, HEFA vs. SCHD, HEFA vs. JEPI, HEFA vs. SPY

Return

iShares Currency Hedged MSCI EAFE ETF had a return of 7.01% year-to-date (YTD) and 18.42% in the last 12 months. Over the past 10 years, iShares Currency Hedged MSCI EAFE ETF had an annualized return of 8.98%, while the S&P 500 had an annualized return of 10.63%, indicating that iShares Currency Hedged MSCI EAFE ETF did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date7.01%7.70%
1 month4.72%6.01%
6 months11.88%13.76%
1 year18.42%29.03%
5 years (annualized)10.99%12.89%
10 years (annualized)8.98%10.63%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20242.19%3.94%
2023-1.91%-0.89%-2.29%5.41%2.93%

Risk-Adjusted Performance

This table presents risk-adjusted performance metrics for iShares Currency Hedged MSCI EAFE ETF (HEFA) and compares them with a selected benchmark (^GSPC). These performance indicators assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
HEFA
iShares Currency Hedged MSCI EAFE ETF
1.76
^GSPC
S&P 500
2.44

Sharpe Ratio

The current iShares Currency Hedged MSCI EAFE ETF Sharpe ratio is 1.76. A Sharpe ratio greater than 1.0 is considered acceptable.


Rolling 12-month Sharpe Ratio0.501.001.502.002.50OctoberNovemberDecember2024FebruaryMarch
1.76
2.44
HEFA (iShares Currency Hedged MSCI EAFE ETF)
Benchmark (^GSPC)

Dividend History

iShares Currency Hedged MSCI EAFE ETF granted a 2.82% dividend yield in the last twelve months. The annual payout for that period amounted to $0.95 per share.


PeriodTTM2023202220212020201920182017201620152014
Dividend$0.95$0.95$6.79$1.08$0.64$1.64$1.18$0.76$0.83$0.90$0.85

Dividend yield

2.82%3.02%25.14%3.06%2.10%5.37%4.59%2.55%3.17%3.54%3.39%

Monthly Dividends

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.


JanFebMarAprMayJunJulAugSepOctNovDec
2024$0.00$0.00
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.55$0.00$0.00$0.00$0.00$0.40
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.78$0.00$0.00$0.00$0.00$6.00
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.48$0.00$0.00$0.00$0.00$0.60
2020$0.00$0.00$0.00$0.00$0.00$0.00$0.38$0.00$0.00$0.00$0.00$0.26
2019$0.00$0.00$0.00$0.00$0.00$0.00$0.62$0.00$0.00$0.00$0.00$1.02
2018$0.00$0.00$0.00$0.00$0.00$0.00$0.58$0.00$0.00$0.00$0.00$0.60
2017$0.00$0.00$0.00$0.00$0.00$0.00$0.45$0.00$0.00$0.00$0.00$0.31
2016$0.00$0.00$0.00$0.00$0.00$0.00$0.49$0.00$0.00$0.00$0.00$0.34
2015$0.00$0.00$0.00$0.00$0.00$0.00$0.46$0.00$0.00$0.00$0.00$0.44
2014$0.61$0.00$0.00$0.00$0.00$0.24

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-15.00%-10.00%-5.00%0.00%OctoberNovemberDecember2024FebruaryMarch00
HEFA (iShares Currency Hedged MSCI EAFE ETF)
Benchmark (^GSPC)

Worst Drawdowns

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.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-32.39%Feb 13, 202022Mar 16, 2020200Dec 29, 2020222
-23.15%May 28, 2015180Feb 11, 2016264Mar 1, 2017444
-15.45%Jan 24, 2018232Dec 24, 201875Apr 12, 2019307
-14.79%Jan 5, 2022186Sep 30, 202277Jan 23, 2023263
-9.49%Sep 5, 201418Oct 15, 201423Nov 18, 201441

Volatility Chart

The current iShares Currency Hedged MSCI EAFE ETF volatility is 1.94%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


1.50%2.00%2.50%3.00%3.50%4.00%4.50%5.00%OctoberNovemberDecember2024FebruaryMarch
1.94%
3.47%
HEFA (iShares Currency Hedged MSCI EAFE ETF)
Benchmark (^GSPC)