HEDJ vs. HEZU
Compare and contrast key facts about WisdomTree Europe Hedged Equity Fund (HEDJ) and iShares Currency Hedged MSCI Eurozone ETF (HEZU).
HEDJ and HEZU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HEDJ is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Europe Hedged Equity Index. It was launched on Dec 31, 2009. HEZU is a passively managed fund by iShares that tracks the performance of the MSCI EMU 100% USD Hedged Index. It was launched on Jul 9, 2014. Both HEDJ and HEZU 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: HEDJ or HEZU.
Performance
HEDJ vs. HEZU - Performance Comparison
Returns By Period
In the year-to-date period, HEDJ achieves a 2.72% return, which is significantly lower than HEZU's 8.18% return. Over the past 10 years, HEDJ has underperformed HEZU with an annualized return of 7.77%, while HEZU has yielded a comparatively higher 8.37% annualized return.
HEDJ
2.72%
-2.98%
-7.35%
8.33%
7.30%
7.77%
HEZU
8.18%
-3.13%
-3.31%
13.16%
8.78%
8.37%
Key characteristics
| HEDJ | HEZU | |
|---|---|---|
| Sharpe Ratio | 0.67 | 1.11 |
| Sortino Ratio | 0.99 | 1.57 |
| Omega Ratio | 1.12 | 1.19 |
| Calmar Ratio | 0.73 | 1.41 |
| Martin Ratio | 1.84 | 4.83 |
| Ulcer Index | 4.81% | 2.81% |
| Daily Std Dev | 13.25% | 12.20% |
| Max Drawdown | -38.18% | -38.80% |
| Current Drawdown | -9.23% | -4.86% |
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HEDJ vs. HEZU - Expense Ratio Comparison
HEDJ has a 0.58% expense ratio, which is higher than HEZU's 0.52% expense ratio.
Correlation
The correlation between HEDJ and HEZU is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
HEDJ vs. HEZU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe Hedged Equity Fund (HEDJ) and iShares Currency Hedged MSCI Eurozone ETF (HEZU). 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
HEDJ vs. HEZU - Dividend Comparison
HEDJ's dividend yield for the trailing twelve months is around 3.05%, more than HEZU's 2.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HEDJ WisdomTree Europe Hedged Equity Fund | 3.05% | 3.31% | 2.83% | 2.08% | 2.65% | 1.82% | 2.73% | 2.27% | 2.97% | 9.44% | 5.83% | 1.85% |
HEZU iShares Currency Hedged MSCI Eurozone ETF | 2.85% | 2.52% | 23.25% | 2.25% | 2.32% | 5.40% | 3.47% | 1.92% | 3.11% | 2.68% | 1.15% | 0.00% |
Drawdowns
HEDJ vs. HEZU - Drawdown Comparison
The maximum HEDJ drawdown since its inception was -38.18%, roughly equal to the maximum HEZU drawdown of -38.80%. Use the drawdown chart below to compare losses from any high point for HEDJ and HEZU. For additional features, visit the drawdowns tool.
Volatility
HEDJ vs. HEZU - Volatility Comparison
WisdomTree Europe Hedged Equity Fund (HEDJ) has a higher volatility of 3.93% compared to iShares Currency Hedged MSCI Eurozone ETF (HEZU) at 3.51%. This indicates that HEDJ's price experiences larger fluctuations and is considered to be riskier than HEZU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.