- ISIN
- US46434V6395
- CUSIP
- 46434V639
- Issuer
- iShares
- Inception Date
- Jul 9, 2014
- Region
- Developed Markets (Broad)
- Category
- Europe Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI EMU 100% USD Hedged Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $571M
Highlights
- Avg. Volume (1M)
- 27K
- Avg. Volume Value (1M)
- $1.29M
Share Price Chart
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Performance
HEZU Performance Chart
iShares Currency Hedged MSCI Eurozone ETF (HEZU) is up 13.7% since the beginning of the year. HEZU is currently trading at $49 per share. Investors who bought $1,000 worth of HEZU shares 5 years ago would now be looking at an investment worth $1,846.
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Returns By Period
iShares Currency Hedged MSCI Eurozone ETF (HEZU) has returned 13.74% so far this year and 27.06% over the past 12 months. Over the last ten years, HEZU has returned 12.59% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
iShares Currency Hedged MSCI Eurozone ETF
- 1D
- -0.23%
- 1M
- -0.42%
- 6M
- 9.99%
- YTD
- 13.74%
- 1Y
- 27.06%
- 3Y*
- 18.00%
- 5Y*
- 13.04%
- 10Y*
- 12.59%
- ALL TIME*
- 10.94%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
HEZU Monthly Returns History
Based on dividend-adjusted daily data since Aug 7, 2014, HEZU's average daily return is +0.05%, while the average monthly return is +0.97%. At this rate, an investment would double in approximately 6.0 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +17.4%, while the worst month was Mar 2020 at -18.4%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.
On a daily basis, HEZU closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +7.9%, while the worst single day was Mar 16, 2020 at -12.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.40% | 3.31% | -6.52% | 5.33% | 3.90% | 4.87% | -0.76% | 13.74% | |||||
| 2025 | 7.23% | 4.06% | -2.55% | -0.05% | 5.52% | -0.17% | 0.80% | 0.73% | 3.39% | 2.24% | 0.42% | 2.06% | 25.93% |
| 2024 | 1.53% | 4.14% | 4.43% | -2.34% | 4.11% | -2.96% | 0.41% | 2.07% | 0.95% | -3.30% | 0.43% | 1.08% | 10.63% |
| 2023 | 11.09% | 1.07% | 1.15% | 1.77% | -1.93% | 3.87% | 1.80% | -2.88% | -3.21% | -2.67% | 8.46% | 3.40% | 22.98% |
| 2022 | -2.12% | -7.11% | -0.00% | -2.54% | 2.88% | -8.68% | 7.74% | -5.61% | -6.83% | 9.51% | 10.09% | -4.87% | -9.54% |
| 2021 | -0.93% | 4.01% | 6.53% | 2.13% | 3.12% | 1.05% | 0.96% | 2.53% | -3.38% | 4.80% | -3.44% | 4.46% | 23.51% |
Benchmark Metrics
iShares Currency Hedged MSCI Eurozone ETF has an annualized alpha of 0.93%, beta of 0.87, and R2 of 0.66 versus S&P 500 Index. Calculated based on daily prices since August 07, 2014.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (78.97%) than losses (78.73%) - typical of diversified or defensive assets.
- With beta of 0.87 and R2 of 0.66, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 0.93%
- Beta
- 0.87
- R²
- 0.66
- Upside Capture
- 78.97%
- Downside Capture
- 78.73%
Expense Ratio
HEZU has an expense ratio of 0.52%, placing it in the medium range.
Return for Risk
Risk / Return Rank
HEZU ranks 66 for risk / return — above 66% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for iShares Currency Hedged MSCI Eurozone ETF (HEZU) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HEZU | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.25 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 2.00 | +0.21 |
| Martin ratioReturn relative to average drawdown | 8.63 | 8.49 | +0.14 |
Dividends
Dividend History
iShares Currency Hedged MSCI Eurozone ETF provided a 2.57% dividend yield over the last twelve months, with an annual payout of $1.26 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.26 | $1.28 | $0.99 | $0.84 | $6.46 | $0.85 | $0.72 | $1.72 | $0.90 | $0.57 | $0.83 | $0.69 |
Dividend yield | 2.57% | 2.92% | 2.77% | 2.52% | 23.26% | 2.25% | 2.32% | 5.40% | 3.48% | 1.92% | 3.11% | 2.68% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares Currency Hedged MSCI Eurozone 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.84 | $0.84 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.86 | $0.00 | $0.00 | $0.00 | $0.00 | $0.42 | $1.28 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.75 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.99 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.59 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.84 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.90 | $0.00 | $0.00 | $0.00 | $0.00 | $5.57 | $6.46 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.00 | $0.00 | $0.46 | $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 Eurozone 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 Eurozone ETF was 38.80%, occurring on Mar 16, 2020. Recovery took 207 trading sessions.
The current iShares Currency Hedged MSCI Eurozone ETF drawdown is 1.27%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-38.80%Mar 2020 | 25d | 9mo 28d | 10mo 23dFeb 2020 - Jan 2021 | COVID crash2020 |
-26.20%Feb 2016 | 10mo 4d | 1y 1mo | 1y 11moApr 2015 - Mar 2017 | — |
-22.79%Sep 2022 | 10mo 16d | 4mo 17d | 1y 2moNov 2021 - Feb 2023 | Bear market2022 |
-17.41%Dec 2018 | 11mo 5d | 3mo 24d | 1y 2moJan 2018 - Apr 2019 | Rate-hike selloffLate 2018 |
-14.83%Apr 2025 | 19d | 1mo 4d | 1mo 23dMar 2025 - May 2025 | 2025 selloff2025 |
Drawdown Indicators
| HEZU | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.80% | -56.78% | +17.98% |
Max Drawdown (1Y)Largest decline over 1 year | -10.95% | -9.10% | -1.85% |
Max Drawdown (3Y)Largest decline over 3 years | -14.83% | -18.90% | +4.07% |
Max Drawdown (5Y)Largest decline over 5 years | -22.79% | -25.43% | +2.64% |
Max Drawdown (10Y)Largest decline over 10 years | -38.80% | -33.92% | -4.88% |
Current DrawdownCurrent decline from peak | -1.27% | -1.58% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -5.77% | -10.70% | +4.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 2.14% | +0.67% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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