HEFA vs. FIVLX
Compare and contrast key facts about iShares Currency Hedged MSCI EAFE ETF (HEFA) and Fidelity International Value Fund (FIVLX).
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. FIVLX is managed by Fidelity. It was launched on May 18, 2006.
Performance
HEFA vs. FIVLX - Performance Comparison
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HEFA vs. FIVLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HEFA iShares Currency Hedged MSCI EAFE ETF | 4.23% | 24.58% | 13.71% | 20.33% | -4.86% | 19.59% | 2.09% | 27.63% | -9.33% | 16.67% |
FIVLX Fidelity International Value Fund | 1.06% | 43.67% | 5.33% | 19.27% | -7.99% | 14.89% | 3.36% | 18.92% | -17.17% | 17.85% |
Returns By Period
In the year-to-date period, HEFA achieves a 4.23% return, which is significantly higher than FIVLX's 1.06% return. Over the past 10 years, HEFA has outperformed FIVLX with an annualized return of 12.30%, while FIVLX has yielded a comparatively lower 9.18% annualized return.
HEFA
- 1D
- 1.45%
- 1M
- -3.12%
- YTD
- 4.23%
- 6M
- 11.29%
- 1Y
- 24.10%
- 3Y*
- 17.63%
- 5Y*
- 13.08%
- 10Y*
- 12.30%
FIVLX
- 1D
- 2.66%
- 1M
- -5.06%
- YTD
- 1.06%
- 6M
- 6.77%
- 1Y
- 27.34%
- 3Y*
- 19.99%
- 5Y*
- 12.26%
- 10Y*
- 9.18%
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HEFA vs. FIVLX - Expense Ratio Comparison
HEFA has a 0.35% expense ratio, which is lower than FIVLX's 1.01% expense ratio.
Return for Risk
HEFA vs. FIVLX — Risk / Return Rank
HEFA
FIVLX
HEFA vs. FIVLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Currency Hedged MSCI EAFE ETF (HEFA) and Fidelity International Value Fund (FIVLX). 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 | FIVLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.45 | 1.59 | -0.14 |
Sortino ratioReturn per unit of downside risk | 2.03 | 2.13 | -0.10 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.32 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.08 | 2.27 | -0.19 |
Martin ratioReturn relative to average drawdown | 8.91 | 9.01 | -0.10 |
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 | FIVLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.45 | 1.59 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 0.75 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.52 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.21 | +0.43 |
Correlation
The correlation between HEFA and FIVLX is 0.81, 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. FIVLX - Dividend Comparison
HEFA's dividend yield for the trailing twelve months is around 4.22%, more than FIVLX's 2.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HEFA iShares Currency Hedged MSCI EAFE ETF | 4.22% | 4.40% | 3.09% | 3.02% | 25.14% | 3.06% | 2.10% | 7.56% | 4.58% | 2.55% | 3.17% | 3.54% |
FIVLX Fidelity International Value Fund | 2.30% | 2.32% | 2.90% | 2.06% | 1.85% | 4.35% | 1.74% | 3.54% | 3.33% | 0.15% | 2.71% | 1.44% |
Drawdowns
HEFA vs. FIVLX - Drawdown Comparison
The maximum HEFA drawdown since its inception was -32.39%, smaller than the maximum FIVLX drawdown of -65.21%. Use the drawdown chart below to compare losses from any high point for HEFA and FIVLX.
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Drawdown Indicators
| HEFA | FIVLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.39% | -65.21% | +32.82% |
Max Drawdown (1Y)Largest decline over 1 year | -11.64% | -11.58% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -14.79% | -27.49% | +12.70% |
Max Drawdown (10Y)Largest decline over 10 years | -32.39% | -43.43% | +11.04% |
Current DrawdownCurrent decline from peak | -4.58% | -6.91% | +2.33% |
Average DrawdownAverage peak-to-trough decline | -4.21% | -17.19% | +12.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 2.91% | -0.18% |
Volatility
HEFA vs. FIVLX - Volatility Comparison
The current volatility for iShares Currency Hedged MSCI EAFE ETF (HEFA) is 5.88%, while Fidelity International Value Fund (FIVLX) has a volatility of 7.52%. This indicates that HEFA experiences smaller price fluctuations and is considered to be less risky than FIVLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HEFA | FIVLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.88% | 7.52% | -1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 9.67% | 10.91% | -1.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.72% | 17.44% | -0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.66% | 16.47% | -2.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.90% | 17.87% | -1.97% |