HEFA vs. DWMF
Compare and contrast key facts about iShares Currency Hedged MSCI EAFE ETF (HEFA) and WisdomTree International Multifactor Fund (DWMF).
HEFA and DWMF 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. DWMF is an actively managed fund by WisdomTree. It was launched on Aug 10, 2018.
Performance
HEFA vs. DWMF - Performance Comparison
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HEFA vs. DWMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HEFA iShares Currency Hedged MSCI EAFE ETF | 2.74% | 24.58% | 13.71% | 20.33% | -4.86% | 19.59% | 2.09% | 27.63% | -10.48% |
DWMF WisdomTree International Multifactor Fund | 3.84% | 24.42% | 10.22% | 10.78% | -7.31% | 11.24% | -1.18% | 16.10% | -7.30% |
Returns By Period
In the year-to-date period, HEFA achieves a 2.74% return, which is significantly lower than DWMF's 3.84% return.
HEFA
- 1D
- 2.37%
- 1M
- -5.63%
- YTD
- 2.74%
- 6M
- 10.39%
- 1Y
- 22.56%
- 3Y*
- 17.07%
- 5Y*
- 12.76%
- 10Y*
- 12.14%
DWMF
- 1D
- 2.44%
- 1M
- -5.33%
- YTD
- 3.84%
- 6M
- 6.56%
- 1Y
- 18.87%
- 3Y*
- 14.10%
- 5Y*
- 9.33%
- 10Y*
- —
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HEFA vs. DWMF - Expense Ratio Comparison
HEFA has a 0.35% expense ratio, which is lower than DWMF's 0.38% expense ratio.
Return for Risk
HEFA vs. DWMF — Risk / Return Rank
HEFA
DWMF
HEFA vs. DWMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Currency Hedged MSCI EAFE ETF (HEFA) and WisdomTree International Multifactor Fund (DWMF). 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.
| HEFA | DWMF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.36 | 1.38 | -0.02 |
Sortino ratioReturn per unit of downside risk | 1.92 | 2.02 | -0.10 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.29 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.85 | 2.13 | -0.28 |
Martin ratioReturn relative to average drawdown | 7.97 | 8.12 | -0.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HEFA | DWMF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 1.38 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 0.84 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.53 | +0.11 |
Correlation
The correlation between HEFA and DWMF is 0.85, 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.
Dividends
HEFA vs. DWMF - Dividend Comparison
HEFA's dividend yield for the trailing twelve months is around 4.28%, more than DWMF's 2.87% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HEFA iShares Currency Hedged MSCI EAFE ETF | 4.28% | 4.40% | 3.09% | 3.02% | 25.14% | 3.06% | 2.10% | 7.56% | 4.58% | 2.55% | 3.17% | 3.54% |
DWMF WisdomTree International Multifactor Fund | 2.87% | 2.80% | 3.50% | 4.01% | 3.41% | 3.54% | 2.06% | 2.77% | 1.15% | 0.00% | 0.00% | 0.00% |
Drawdowns
HEFA vs. DWMF - Drawdown Comparison
The maximum HEFA drawdown since its inception was -32.39%, which is greater than DWMF's maximum drawdown of -29.72%. Use the drawdown chart below to compare losses from any high point for HEFA and DWMF.
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Drawdown Indicators
| HEFA | DWMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.39% | -29.72% | -2.67% |
Max Drawdown (1Y)Largest decline over 1 year | -11.69% | -8.74% | -2.95% |
Max Drawdown (5Y)Largest decline over 5 years | -14.79% | -17.00% | +2.21% |
Max Drawdown (10Y)Largest decline over 10 years | -32.39% | — | — |
Current DrawdownCurrent decline from peak | -5.94% | -5.33% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -4.21% | -3.88% | -0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 2.29% | +0.42% |
Volatility
HEFA vs. DWMF - Volatility Comparison
iShares Currency Hedged MSCI EAFE ETF (HEFA) has a higher volatility of 6.21% compared to WisdomTree International Multifactor Fund (DWMF) at 5.84%. This indicates that HEFA's price experiences larger fluctuations and is considered to be riskier than DWMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HEFA | DWMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.21% | 5.84% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 9.58% | 8.39% | +1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.69% | 13.70% | +2.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.65% | 11.20% | +2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.90% | 14.16% | +1.74% |