HEWG vs. IEFA
Compare and contrast key facts about iShares Currency Hedged MSCI Germany ETF (HEWG) and iShares Core MSCI EAFE ETF (IEFA).
HEWG and IEFA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HEWG is a passively managed fund by iShares that tracks the performance of the MSCI Germany 100% Hedged to USD Index. It was launched on Jan 31, 2014. IEFA is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Investable Market Index. It was launched on Oct 18, 2012. Both HEWG and IEFA 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: HEWG or IEFA.
Key characteristics
| HEWG | IEFA |
|---|
Correlation
The correlation between HEWG and IEFA is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
HEWG vs. IEFA - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HEWG vs. IEFA - Expense Ratio Comparison
HEWG has a 0.53% expense ratio, which is higher than IEFA's 0.07% expense ratio.
Risk-Adjusted Performance
HEWG vs. IEFA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Currency Hedged MSCI Germany ETF (HEWG) and iShares Core MSCI EAFE ETF (IEFA). 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.
Not enough dataDividends
HEWG vs. IEFA - Dividend Comparison
HEWG has not paid dividends to shareholders, while IEFA's dividend yield for the trailing twelve months is around 3.09%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HEWG iShares Currency Hedged MSCI Germany ETF | 5.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IEFA iShares Core MSCI EAFE ETF | 3.09% | 3.20% | 2.70% | 3.32% | 1.90% | 3.18% | 3.46% | 2.57% | 2.96% | 2.63% | 3.10% | 2.16% |
Drawdowns
HEWG vs. IEFA - Drawdown Comparison
Volatility
HEWG vs. IEFA - Volatility Comparison
The current volatility for iShares Currency Hedged MSCI Germany ETF (HEWG) is 0.00%, while iShares Core MSCI EAFE ETF (IEFA) has a volatility of 3.84%. This indicates that HEWG experiences smaller price fluctuations and is considered to be less risky than IEFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.