HEFA vs. JIVE
Compare and contrast key facts about iShares Currency Hedged MSCI EAFE ETF (HEFA) and Jpmorgan International Value ETF (JIVE).
HEFA and JIVE 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. JIVE is an actively managed fund by JPMorgan. It was launched on Sep 13, 2023.
Performance
HEFA vs. JIVE - Performance Comparison
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HEFA vs. JIVE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HEFA iShares Currency Hedged MSCI EAFE ETF | 4.23% | 24.58% | 13.71% | 3.26% |
JIVE Jpmorgan International Value ETF | 7.87% | 49.80% | 11.22% | 5.38% |
Returns By Period
In the year-to-date period, HEFA achieves a 4.23% return, which is significantly lower than JIVE's 7.87% 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%
JIVE
- 1D
- 1.12%
- 1M
- -3.93%
- YTD
- 7.87%
- 6M
- 17.42%
- 1Y
- 43.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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HEFA vs. JIVE - Expense Ratio Comparison
HEFA has a 0.35% expense ratio, which is lower than JIVE's 0.55% expense ratio.
Return for Risk
HEFA vs. JIVE — Risk / Return Rank
HEFA
JIVE
HEFA vs. JIVE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Currency Hedged MSCI EAFE ETF (HEFA) and Jpmorgan International Value ETF (JIVE). 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 | JIVE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.45 | 2.59 | -1.14 |
Sortino ratioReturn per unit of downside risk | 2.03 | 3.27 | -1.24 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.51 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 2.08 | 3.69 | -1.60 |
Martin ratioReturn relative to average drawdown | 8.91 | 15.22 | -6.31 |
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 | JIVE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.45 | 2.59 | -1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 1.93 | -1.29 |
Correlation
The correlation between HEFA and JIVE is 0.75, 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. JIVE - Dividend Comparison
HEFA's dividend yield for the trailing twelve months is around 4.22%, more than JIVE's 2.67% 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% |
JIVE Jpmorgan International Value ETF | 2.67% | 2.88% | 2.48% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HEFA vs. JIVE - Drawdown Comparison
The maximum HEFA drawdown since its inception was -32.39%, which is greater than JIVE's maximum drawdown of -13.79%. Use the drawdown chart below to compare losses from any high point for HEFA and JIVE.
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Drawdown Indicators
| HEFA | JIVE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.39% | -13.79% | -18.60% |
Max Drawdown (1Y)Largest decline over 1 year | -11.64% | -11.96% | +0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -14.79% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.39% | — | — |
Current DrawdownCurrent decline from peak | -4.58% | -6.09% | +1.51% |
Average DrawdownAverage peak-to-trough decline | -4.21% | -1.96% | -2.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 2.90% | -0.17% |
Volatility
HEFA vs. JIVE - Volatility Comparison
The current volatility for iShares Currency Hedged MSCI EAFE ETF (HEFA) is 5.88%, while Jpmorgan International Value ETF (JIVE) has a volatility of 7.00%. This indicates that HEFA experiences smaller price fluctuations and is considered to be less risky than JIVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HEFA | JIVE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.88% | 7.00% | -1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 9.67% | 11.11% | -1.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.72% | 16.94% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.66% | 14.85% | -1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.90% | 14.85% | +1.05% |