ESGN vs. HEFA
Compare and contrast key facts about Columbia Sustainable International Equity Income ETF (ESGN) and iShares Currency Hedged MSCI EAFE ETF (HEFA).
ESGN and HEFA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ESGN is a passively managed fund by Ameriprise Financial that tracks the performance of the MSCI Beta ADV Sust Intl Equity Income 100. It was launched on Jun 13, 2016. HEFA is a passively managed fund by iShares that tracks the performance of the MSCI EAFE 100% Hedged to USD Index. It was launched on Jan 31, 2014. Both ESGN and HEFA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ESGN or HEFA.
Key characteristics
| ESGN | HEFA | |
|---|---|---|
| YTD Return | 9.91% | 13.81% |
| 1Y Return | 18.84% | 20.63% |
| 3Y Return (Ann) | 8.00% | 12.30% |
| 5Y Return (Ann) | 9.14% | 11.91% |
| Sharpe Ratio | 1.72 | 2.21 |
| Daily Std Dev | 13.61% | 9.60% |
| Max Drawdown | -40.26% | -32.39% |
| Current Drawdown | -0.57% | 0.00% |
Correlation
The correlation between ESGN and HEFA is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ESGN vs. HEFA - Performance Comparison
In the year-to-date period, ESGN achieves a 9.91% return, which is significantly lower than HEFA's 13.81% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ESGN vs. HEFA - Expense Ratio Comparison
ESGN has a 0.45% expense ratio, which is higher than HEFA's 0.35% expense ratio.
Risk-Adjusted Performance
ESGN vs. HEFA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Sustainable International Equity Income ETF (ESGN) and iShares Currency Hedged MSCI EAFE ETF (HEFA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
ESGN vs. HEFA - Dividend Comparison
ESGN's dividend yield for the trailing twelve months is around 3.14%, more than HEFA's 2.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
ESGN Columbia Sustainable International Equity Income ETF | 3.14% | 3.27% | 3.57% | 3.43% | 2.64% | 3.34% | 9.75% | 4.63% | 2.52% | 0.00% | 0.00% |
HEFA iShares Currency Hedged MSCI EAFE ETF | 2.65% | 3.02% | 25.14% | 3.06% | 2.10% | 5.37% | 4.59% | 2.55% | 3.17% | 3.54% | 3.39% |
Drawdowns
ESGN vs. HEFA - Drawdown Comparison
The maximum ESGN drawdown since its inception was -40.26%, which is greater than HEFA's maximum drawdown of -32.39%. Use the drawdown chart below to compare losses from any high point for ESGN and HEFA. For additional features, visit the drawdowns tool.
Volatility
ESGN vs. HEFA - Volatility Comparison
Columbia Sustainable International Equity Income ETF (ESGN) has a higher volatility of 3.56% compared to iShares Currency Hedged MSCI EAFE ETF (HEFA) at 2.38%. This indicates that ESGN's price experiences larger fluctuations and is considered to be riskier than HEFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.