HEFA vs. DBEF
Compare and contrast key facts about iShares Currency Hedged MSCI EAFE ETF (HEFA) and Xtrackers MSCI EAFE Hedged Equity ETF (DBEF).
HEFA and DBEF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. DBEF is a passively managed fund by DWS that tracks the performance of the MSCI EAFE US Dollar Hedged Index. It was launched on Jun 9, 2011. Both HEFA and DBEF 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: HEFA or DBEF.
Performance
HEFA vs. DBEF - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with HEFA having a 12.34% return and DBEF slightly lower at 12.29%. Both investments have delivered pretty close results over the past 10 years, with HEFA having a 8.59% annualized return and DBEF not far behind at 8.58%.
HEFA
12.34%
-2.05%
-1.28%
16.99%
9.81%
8.59%
DBEF
12.29%
-2.59%
-1.20%
15.88%
9.74%
8.58%
Key characteristics
| HEFA | DBEF | |
|---|---|---|
| Sharpe Ratio | 1.54 | 1.52 |
| Sortino Ratio | 2.06 | 2.04 |
| Omega Ratio | 1.28 | 1.27 |
| Calmar Ratio | 1.72 | 1.71 |
| Martin Ratio | 8.07 | 8.02 |
| Ulcer Index | 2.09% | 2.08% |
| Daily Std Dev | 10.92% | 11.00% |
| Max Drawdown | -32.39% | -32.46% |
| Current Drawdown | -2.96% | -3.03% |
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HEFA vs. DBEF - Expense Ratio Comparison
HEFA has a 0.35% expense ratio, which is lower than DBEF's 0.36% expense ratio.
Correlation
The correlation between HEFA and DBEF is 0.97, 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
HEFA vs. DBEF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Currency Hedged MSCI EAFE ETF (HEFA) and Xtrackers MSCI EAFE Hedged Equity ETF (DBEF). 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
HEFA vs. DBEF - Dividend Comparison
HEFA's dividend yield for the trailing twelve months is around 2.87%, more than DBEF's 0.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HEFA iShares Currency Hedged MSCI EAFE ETF | 2.87% | 3.01% | 25.14% | 3.06% | 2.10% | 5.37% | 4.58% | 2.55% | 3.17% | 3.54% | 3.39% | 0.00% |
DBEF Xtrackers MSCI EAFE Hedged Equity ETF | 0.65% | 4.45% | 15.85% | 2.28% | 2.41% | 3.03% | 3.22% | 2.98% | 2.56% | 3.70% | 5.09% | 1.48% |
Drawdowns
HEFA vs. DBEF - Drawdown Comparison
The maximum HEFA drawdown since its inception was -32.39%, roughly equal to the maximum DBEF drawdown of -32.46%. Use the drawdown chart below to compare losses from any high point for HEFA and DBEF. For additional features, visit the drawdowns tool.
Volatility
HEFA vs. DBEF - Volatility Comparison
iShares Currency Hedged MSCI EAFE ETF (HEFA) and Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) have volatilities of 2.96% and 3.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.