HEZU vs. HEDJ
Compare and contrast key facts about iShares Currency Hedged MSCI Eurozone ETF (HEZU) and WisdomTree Europe Hedged Equity Fund (HEDJ).
HEZU and HEDJ 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. HEDJ is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Europe Hedged Equity Index. It was launched on Dec 31, 2009. Both HEZU and HEDJ 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 HEDJ.
Performance
HEZU vs. HEDJ - Performance Comparison
Returns By Period
In the year-to-date period, HEZU achieves a 8.03% return, which is significantly higher than HEDJ's 2.65% return. Over the past 10 years, HEZU has outperformed HEDJ with an annualized return of 8.47%, while HEDJ has yielded a comparatively lower 7.85% annualized return.
HEZU
8.03%
-3.49%
-3.79%
13.41%
8.76%
8.47%
HEDJ
2.65%
-2.96%
-7.73%
8.79%
7.29%
7.85%
Key characteristics
| HEZU | HEDJ | |
|---|---|---|
| Sharpe Ratio | 1.06 | 0.61 |
| Sortino Ratio | 1.51 | 0.92 |
| Omega Ratio | 1.18 | 1.11 |
| Calmar Ratio | 1.35 | 0.67 |
| Martin Ratio | 4.65 | 1.70 |
| Ulcer Index | 2.79% | 4.77% |
| Daily Std Dev | 12.21% | 13.27% |
| Max Drawdown | -38.80% | -38.18% |
| Current Drawdown | -4.99% | -9.29% |
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HEZU vs. HEDJ - Expense Ratio Comparison
HEZU has a 0.52% expense ratio, which is lower than HEDJ's 0.58% expense ratio.
Correlation
The correlation between HEZU and HEDJ is 0.96, 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.
Risk-Adjusted Performance
HEZU vs. HEDJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Currency Hedged MSCI Eurozone ETF (HEZU) and WisdomTree Europe Hedged Equity Fund (HEDJ). 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. HEDJ - Dividend Comparison
HEZU's dividend yield for the trailing twelve months is around 2.85%, less than HEDJ's 3.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HEZU iShares Currency Hedged MSCI Eurozone ETF | 2.85% | 2.52% | 23.25% | 2.25% | 2.32% | 5.40% | 3.47% | 1.92% | 3.11% | 2.68% | 1.15% | 0.00% |
HEDJ WisdomTree Europe Hedged Equity Fund | 3.06% | 3.31% | 2.83% | 2.08% | 2.65% | 1.82% | 2.73% | 2.27% | 2.97% | 9.44% | 5.83% | 1.85% |
Drawdowns
HEZU vs. HEDJ - Drawdown Comparison
The maximum HEZU drawdown since its inception was -38.80%, roughly equal to the maximum HEDJ drawdown of -38.18%. Use the drawdown chart below to compare losses from any high point for HEZU and HEDJ. For additional features, visit the drawdowns tool.
Volatility
HEZU vs. HEDJ - Volatility Comparison
The current volatility for iShares Currency Hedged MSCI Eurozone ETF (HEZU) is 3.53%, while WisdomTree Europe Hedged Equity Fund (HEDJ) has a volatility of 3.95%. This indicates that HEZU experiences smaller price fluctuations and is considered to be less risky than HEDJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.