HEFA vs. MGIAX
Compare and contrast key facts about iShares Currency Hedged MSCI EAFE ETF (HEFA) and MFS International Intrinsic Value Fund (MGIAX).
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. MGIAX is managed by MFS. It was launched on Oct 23, 1995.
Performance
HEFA vs. MGIAX - Performance Comparison
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HEFA vs. MGIAX - 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% |
MGIAX MFS International Intrinsic Value Fund | -0.30% | 32.75% | 7.07% | 17.76% | -23.24% | 10.25% | 20.16% | 25.57% | -9.22% | 26.82% |
Returns By Period
In the year-to-date period, HEFA achieves a 4.23% return, which is significantly higher than MGIAX's -0.30% return. Over the past 10 years, HEFA has outperformed MGIAX with an annualized return of 12.30%, while MGIAX has yielded a comparatively lower 9.64% 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%
MGIAX
- 1D
- 3.13%
- 1M
- -7.33%
- YTD
- -0.30%
- 6M
- 3.29%
- 1Y
- 21.84%
- 3Y*
- 15.25%
- 5Y*
- 7.21%
- 10Y*
- 9.64%
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HEFA vs. MGIAX - Expense Ratio Comparison
HEFA has a 0.35% expense ratio, which is lower than MGIAX's 0.96% expense ratio.
Return for Risk
HEFA vs. MGIAX — Risk / Return Rank
HEFA
MGIAX
HEFA vs. MGIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Currency Hedged MSCI EAFE ETF (HEFA) and MFS International Intrinsic Value Fund (MGIAX). 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 | MGIAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.45 | 1.39 | +0.06 |
Sortino ratioReturn per unit of downside risk | 2.03 | 1.86 | +0.17 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.28 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.08 | 1.69 | +0.40 |
Martin ratioReturn relative to average drawdown | 8.91 | 6.63 | +2.28 |
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 | MGIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.45 | 1.39 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 0.44 | +0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.62 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.54 | +0.10 |
Correlation
The correlation between HEFA and MGIAX 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. MGIAX - Dividend Comparison
HEFA's dividend yield for the trailing twelve months is around 4.22%, less than MGIAX's 8.31% 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% |
MGIAX MFS International Intrinsic Value Fund | 8.31% | 8.28% | 12.79% | 11.81% | 14.57% | 7.59% | 5.30% | 3.89% | 4.41% | 2.48% | 1.62% | 3.10% |
Drawdowns
HEFA vs. MGIAX - Drawdown Comparison
The maximum HEFA drawdown since its inception was -32.39%, smaller than the maximum MGIAX drawdown of -51.94%. Use the drawdown chart below to compare losses from any high point for HEFA and MGIAX.
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Drawdown Indicators
| HEFA | MGIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.39% | -51.94% | +19.55% |
Max Drawdown (1Y)Largest decline over 1 year | -11.64% | -12.43% | +0.79% |
Max Drawdown (5Y)Largest decline over 5 years | -14.79% | -37.13% | +22.34% |
Max Drawdown (10Y)Largest decline over 10 years | -32.39% | -37.13% | +4.74% |
Current DrawdownCurrent decline from peak | -4.58% | -9.15% | +4.57% |
Average DrawdownAverage peak-to-trough decline | -4.21% | -8.66% | +4.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 3.16% | -0.43% |
Volatility
HEFA vs. MGIAX - Volatility Comparison
The current volatility for iShares Currency Hedged MSCI EAFE ETF (HEFA) is 5.88%, while MFS International Intrinsic Value Fund (MGIAX) has a volatility of 6.84%. This indicates that HEFA experiences smaller price fluctuations and is considered to be less risky than MGIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HEFA | MGIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.88% | 6.84% | -0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 9.67% | 10.56% | -0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.72% | 16.01% | +0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.66% | 16.58% | -2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.90% | 15.58% | +0.32% |