HEZU vs. EUDG

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Currency Hedged MSCI Eurozone ETF (HEZU) and WisdomTree Europe Quality Dividend Growth Fund (EUDG).

HEZU and EUDG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HEZU is a passively managed fund by iShares that tracks the performance of the MSCI EMU 100% USD Hedged Index. It was launched on Jul 9, 2014. EUDG is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Europe Quality Dividend Growth Index. It was launched on May 7, 2014. Both HEZU and EUDG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

HEZU vs. EUDG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Currency Hedged MSCI Eurozone ETF (HEZU) and WisdomTree Europe Quality Dividend Growth Fund (EUDG). The values are adjusted to include any dividend payments, if applicable.

HEZU vs. EUDG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HEZU iShares Currency Hedged MSCI Eurozone ETF	1.17%	25.93%	10.63%	22.98%	-9.54%	23.51%	0.52%	29.48%	-10.23%	14.26%
EUDG WisdomTree Europe Quality Dividend Growth Fund	-1.26%	28.94%	-4.30%	19.36%	-18.24%	16.87%	11.29%	28.52%	-15.19%	29.66%

Returns By Period

In the year-to-date period, HEZU achieves a 1.17% return, which is significantly higher than EUDG's -1.26% return. Over the past 10 years, HEZU has outperformed EUDG with an annualized return of 11.43%, while EUDG has yielded a comparatively lower 7.98% annualized return.

HEZU

• 1D: 1.30%
• 1M: -3.80%
• YTD: 1.17%
• 6M: 4.77%
• 1Y: 16.24%
• 3Y*: 15.13%
• 5Y*: 11.76%
• 10Y*: 11.43%

EUDG

• 1D: 1.43%
• 1M: -5.62%
• YTD: -1.26%
• 6M: 4.39%
• 1Y: 16.08%
• 3Y*: 9.41%
• 5Y*: 5.82%
• 10Y*: 7.98%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HEZU vs. EUDG - Expense Ratio Comparison

HEZU has a 0.52% expense ratio, which is lower than EUDG's 0.58% expense ratio.

EUDG

WisdomTree Europe Quality Dividend Growth Fund

HEZU

iShares Currency Hedged MSCI Eurozone ETF

Return for Risk

HEZU vs. EUDG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HEZU

HEZU Risk / Return Rank: 50
HEZU Sharpe Ratio Rank: 47
HEZU Sortino Ratio Rank: 47
HEZU Omega Ratio Rank: 48
HEZU Calmar Ratio Rank: 54
HEZU Martin Ratio Rank: 53

EUDG

EUDG Risk / Return Rank: 49
EUDG Sharpe Ratio Rank: 52
EUDG Sortino Ratio Rank: 52
EUDG Omega Ratio Rank: 47
EUDG Calmar Ratio Rank: 47
EUDG Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HEZU vs. EUDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Currency Hedged MSCI Eurozone ETF (HEZU) and WisdomTree Europe Quality Dividend Growth Fund (EUDG). 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.

	HEZU	EUDG	Difference
Sharpe ratio Return per unit of total volatility	0.90	0.98	-0.07
Sortino ratio Return per unit of downside risk	1.34	1.45	-0.11
Omega ratio Gain probability vs. loss probability	1.19	1.19	0.00
Calmar ratio Return relative to maximum drawdown	1.47	1.32	+0.14
Martin ratio Return relative to average drawdown	5.46	4.99	+0.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HEZU vs. EUDG - Sharpe Ratio Comparison

The current HEZU Sharpe Ratio is 0.90, which is comparable to the EUDG Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of HEZU and EUDG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HEZU	EUDG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.90	0.98	-0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.36	+0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	0.46	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.33	+0.21

Correlation

The correlation between HEZU and EUDG is 0.77, 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

HEZU vs. EUDG - Dividend Comparison

HEZU's dividend yield for the trailing twelve months is around 2.89%, more than EUDG's 2.32% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HEZU iShares Currency Hedged MSCI Eurozone ETF	2.89%	2.92%	2.77%	2.52%	23.26%	2.25%	2.32%	5.40%	3.48%	1.92%	3.11%	2.68%
EUDG WisdomTree Europe Quality Dividend Growth Fund	2.32%	2.19%	2.41%	2.14%	3.07%	2.98%	1.87%	2.30%	3.00%	1.55%	2.49%	2.10%

Drawdowns

HEZU vs. EUDG - Drawdown Comparison

The maximum HEZU drawdown since its inception was -38.80%, which is greater than EUDG's maximum drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for HEZU and EUDG.

Drawdown Indicators

	HEZU	EUDG	Difference
Max Drawdown Largest peak-to-trough decline	-38.80%	-33.76%	-5.04%
Max Drawdown (1Y) Largest decline over 1 year	-11.62%	-12.20%	+0.58%
Max Drawdown (5Y) Largest decline over 5 years	-22.79%	-33.30%	+10.51%
Max Drawdown (10Y) Largest decline over 10 years	-38.80%	-33.76%	-5.04%
Current Drawdown Current decline from peak	-6.39%	-7.97%	+1.58%
Average Drawdown Average peak-to-trough decline	-5.89%	-7.77%	+1.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.14%	3.23%	-0.09%

Volatility

HEZU vs. EUDG - Volatility Comparison

iShares Currency Hedged MSCI Eurozone ETF (HEZU) and WisdomTree Europe Quality Dividend Growth Fund (EUDG) have volatilities of 6.56% and 6.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HEZU	EUDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.56%	6.76%	-0.20%
Volatility (6M) Calculated over the trailing 6-month period	10.58%	10.69%	-0.11%
Volatility (1Y) Calculated over the trailing 1-year period	18.11%	16.55%	+1.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.22%	16.46%	-0.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.37%	17.57%	+0.80%