iShares Currency Hedged MSCI EAFE ETF (HEFA)
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.
ETF Info
US46434V8037
46434V803
Jan 31, 2014
Developed Markets (EAFE)
1x
MSCI EAFE 100% Hedged to USD Index
Large-Cap
Blend
Expense Ratio
HEFA has an expense ratio of 0.35%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
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Returns By Period
iShares Currency Hedged MSCI EAFE ETF (HEFA) returned 8.69% year-to-date (YTD) and 9.98% over the past 12 months. Over the past 10 years, HEFA returned 8.38% annually, underperforming the S&P 500 benchmark at 10.85%.
HEFA
8.69%
4.63%
8.79%
9.98%
13.99%
14.43%
8.38%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of HEFA, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 4.75% | 2.06% | -2.31% | -0.52% | 4.63% | 8.69% | |||||||
| 2024 | 2.19% | 3.94% | 4.21% | -1.23% | 3.72% | -0.49% | 0.51% | 1.08% | -0.25% | -1.86% | 1.24% | 0.09% | 13.71% |
| 2023 | 7.67% | 0.24% | 1.13% | 2.65% | -1.42% | 3.96% | 1.69% | -1.91% | -0.89% | -2.29% | 5.41% | 2.93% | 20.33% |
| 2022 | -2.66% | -3.43% | 2.20% | -1.74% | 1.20% | -5.72% | 5.47% | -3.05% | -5.83% | 6.12% | 7.47% | -3.82% | -4.86% |
| 2021 | 0.07% | 2.79% | 5.20% | 1.24% | 2.46% | 1.29% | 0.29% | 2.04% | -1.63% | 3.05% | -2.88% | 4.41% | 19.59% |
| 2020 | -1.85% | -6.91% | -13.16% | 5.62% | 5.08% | 2.70% | -1.83% | 3.59% | -0.51% | -3.49% | 12.34% | 2.93% | 2.11% |
| 2019 | 6.20% | 3.54% | 1.73% | 3.50% | -4.74% | 4.76% | 0.71% | -2.01% | 3.85% | 1.64% | 2.33% | 1.31% | 24.78% |
| 2018 | 1.47% | -3.72% | -0.97% | 3.76% | -0.10% | -0.55% | 3.16% | -1.44% | 1.46% | -6.35% | 0.54% | -6.39% | -9.32% |
| 2017 | 0.46% | 2.17% | 2.65% | 1.31% | 2.37% | -0.42% | 0.48% | 0.00% | 2.95% | 3.18% | -0.50% | 0.96% | 16.65% |
| 2016 | -4.21% | -4.97% | 3.24% | 0.38% | 2.92% | -2.76% | 3.41% | 1.44% | 0.73% | 0.85% | 1.62% | 4.07% | 6.39% |
| 2015 | 2.70% | 6.65% | 1.12% | 0.54% | 2.28% | -4.74% | 3.63% | -8.19% | -3.80% | 6.92% | 1.83% | -3.49% | 4.34% |
| 2014 | 1.63% | -0.84% | 0.93% | 2.73% | 0.27% | -1.23% | 1.97% | -0.62% | 0.80% | 2.61% | -2.09% | 6.19% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of HEFA is 56, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for iShares Currency Hedged MSCI EAFE ETF (HEFA) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
iShares Currency Hedged MSCI EAFE ETF provided a 2.84% dividend yield over the last twelve months, with an annual payout of $1.07 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.07 | $1.07 | $0.95 | $6.79 | $1.08 | $0.64 | $1.64 | $1.18 | $0.76 | $0.83 | $0.90 | $0.85 |
Dividend yield | 2.84% | 3.09% | 3.01% | 25.14% | 3.06% | 2.10% | 5.37% | 4.58% | 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.60 | $0.00 | $0.00 | $0.00 | $0.00 | $0.47 | $1.07 |
| 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 | $0.95 |
| 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 | $6.79 |
| 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 | $1.08 |
| 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 | $0.64 |
| 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 | $1.64 |
| 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 | $1.18 |
| 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 | $0.76 |
| 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 | $0.83 |
| 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 | $0.90 |
| 2014 | $0.61 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.85 |
Drawdowns
Drawdowns Chart
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.
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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.
The current iShares Currency Hedged MSCI EAFE ETF drawdown is 0.76%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -32.39% | Feb 13, 2020 | 22 | Mar 16, 2020 | 200 | Dec 29, 2020 | 222 |
| -23.15% | May 28, 2015 | 180 | Feb 11, 2016 | 264 | Mar 1, 2017 | 444 |
| -15.45% | Jan 24, 2018 | 232 | Dec 24, 2018 | 75 | Apr 12, 2019 | 307 |
| -14.79% | Jan 5, 2022 | 186 | Sep 30, 2022 | 77 | Jan 23, 2023 | 263 |
| -14.28% | Feb 19, 2025 | 35 | Apr 8, 2025 | 23 | May 12, 2025 | 58 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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