HEZU vs. EZU
Compare and contrast key facts about iShares Currency Hedged MSCI Eurozone ETF (HEZU) and iShares MSCI Eurozone ETF (EZU).
HEZU and EZU 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. EZU is a passively managed fund by iShares that tracks the performance of the MSCI EMU. It was launched on Jul 25, 2000. Both HEZU and EZU 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. EZU - Performance Comparison
Loading graphics...
HEZU vs. EZU - 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% |
EZU iShares MSCI Eurozone ETF | -0.90% | 40.00% | 2.23% | 23.44% | -17.25% | 13.92% | 7.62% | 23.27% | -16.76% | 27.89% |
Returns By Period
In the year-to-date period, HEZU achieves a 1.17% return, which is significantly higher than EZU's -0.90% return. Over the past 10 years, HEZU has outperformed EZU with an annualized return of 11.43%, while EZU has yielded a comparatively lower 9.32% 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%
EZU
- 1D
- 1.40%
- 1M
- -4.92%
- YTD
- -0.90%
- 6M
- 2.39%
- 1Y
- 22.28%
- 3Y*
- 15.30%
- 5Y*
- 9.03%
- 10Y*
- 9.32%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
HEZU vs. EZU - Expense Ratio Comparison
HEZU has a 0.52% expense ratio, which is higher than EZU's 0.51% expense ratio.
Return for Risk
HEZU vs. EZU — Risk / Return Rank
HEZU
EZU
HEZU vs. EZU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Currency Hedged MSCI Eurozone ETF (HEZU) and iShares MSCI Eurozone ETF (EZU). 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 | EZU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 1.17 | -0.27 |
Sortino ratioReturn per unit of downside risk | 1.34 | 1.74 | -0.41 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.24 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.47 | 1.76 | -0.29 |
Martin ratioReturn relative to average drawdown | 5.46 | 6.66 | -1.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| HEZU | EZU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 1.17 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.46 | +0.27 |
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 | 0.20 | +0.34 |
Correlation
The correlation between HEZU and EZU is 0.87, 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. EZU - Dividend Comparison
HEZU's dividend yield for the trailing twelve months is around 2.89%, which matches EZU's 2.88% 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% |
EZU iShares MSCI Eurozone ETF | 2.88% | 2.85% | 2.90% | 2.56% | 2.79% | 2.46% | 2.13% | 2.84% | 3.47% | 1.91% | 3.07% | 2.18% |
Drawdowns
HEZU vs. EZU - Drawdown Comparison
The maximum HEZU drawdown since its inception was -38.80%, smaller than the maximum EZU drawdown of -65.32%. Use the drawdown chart below to compare losses from any high point for HEZU and EZU.
Loading graphics...
Drawdown Indicators
| HEZU | EZU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.80% | -65.32% | +26.52% |
Max Drawdown (1Y)Largest decline over 1 year | -11.62% | -13.06% | +1.44% |
Max Drawdown (5Y)Largest decline over 5 years | -22.79% | -36.11% | +13.32% |
Max Drawdown (10Y)Largest decline over 10 years | -38.80% | -41.37% | +2.57% |
Current DrawdownCurrent decline from peak | -6.39% | -8.25% | +1.86% |
Average DrawdownAverage peak-to-trough decline | -5.89% | -19.35% | +13.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 3.45% | -0.31% |
Volatility
HEZU vs. EZU - Volatility Comparison
The current volatility for iShares Currency Hedged MSCI Eurozone ETF (HEZU) is 6.56%, while iShares MSCI Eurozone ETF (EZU) has a volatility of 8.14%. This indicates that HEZU experiences smaller price fluctuations and is considered to be less risky than EZU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| HEZU | EZU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.56% | 8.14% | -1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 10.58% | 12.08% | -1.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.11% | 19.11% | -1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.22% | 19.63% | -3.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.37% | 20.44% | -2.07% |