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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HEZU or EZU.
Key characteristics
| HEZU | EZU | |
|---|---|---|
| YTD Return | 9.44% | 6.34% |
| 1Y Return | 19.26% | 18.72% |
| 3Y Return (Ann) | 6.33% | 1.64% |
| 5Y Return (Ann) | 9.08% | 6.52% |
| 10Y Return (Ann) | 9.06% | 5.75% |
| Sharpe Ratio | 1.60 | 1.36 |
| Sortino Ratio | 2.21 | 1.94 |
| Omega Ratio | 1.28 | 1.24 |
| Calmar Ratio | 2.01 | 1.59 |
| Martin Ratio | 7.37 | 6.33 |
| Ulcer Index | 2.63% | 3.15% |
| Daily Std Dev | 12.11% | 14.63% |
| Max Drawdown | -38.80% | -66.37% |
| Current Drawdown | -3.75% | -6.36% |
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.
Performance
HEZU vs. EZU - Performance Comparison
In the year-to-date period, HEZU achieves a 9.44% return, which is significantly higher than EZU's 6.34% return. Over the past 10 years, HEZU has outperformed EZU with an annualized return of 9.06%, while EZU has yielded a comparatively lower 5.75% annualized return. 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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HEZU vs. EZU - Expense Ratio Comparison
HEZU has a 0.52% expense ratio, which is higher than EZU's 0.51% expense ratio.
Risk-Adjusted Performance
HEZU vs. EZU - Risk-Adjusted Performance 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.
Dividends
HEZU vs. EZU - Dividend Comparison
HEZU's dividend yield for the trailing twelve months is around 2.81%, which matches EZU's 2.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HEZU iShares Currency Hedged MSCI Eurozone ETF | 2.81% | 2.52% | 23.26% | 2.25% | 2.32% | 5.40% | 3.48% | 1.92% | 3.11% | 2.68% | 1.15% | 0.00% |
EZU iShares MSCI Eurozone ETF | 2.82% | 2.56% | 2.79% | 2.46% | 2.13% | 2.84% | 3.47% | 1.91% | 3.07% | 2.18% | 2.97% | 2.23% |
Drawdowns
HEZU vs. EZU - Drawdown Comparison
The maximum HEZU drawdown since its inception was -38.80%, smaller than the maximum EZU drawdown of -66.37%. Use the drawdown chart below to compare losses from any high point for HEZU and EZU. For additional features, visit the drawdowns tool.
Volatility
HEZU vs. EZU - Volatility Comparison
iShares Currency Hedged MSCI Eurozone ETF (HEZU) has a higher volatility of 3.64% compared to iShares MSCI Eurozone ETF (EZU) at 3.46%. This indicates that HEZU's price experiences larger fluctuations and is considered to be riskier than EZU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.