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.
Key characteristics
| HEZU | HEDJ | |
|---|---|---|
| YTD Return | 9.44% | 3.70% |
| 1Y Return | 19.26% | 13.00% |
| 3Y Return (Ann) | 6.33% | 5.63% |
| 5Y Return (Ann) | 9.08% | 7.45% |
| 10Y Return (Ann) | 9.06% | 8.41% |
| Sharpe Ratio | 1.60 | 1.01 |
| Sortino Ratio | 2.21 | 1.44 |
| Omega Ratio | 1.28 | 1.18 |
| Calmar Ratio | 2.01 | 1.09 |
| Martin Ratio | 7.37 | 3.01 |
| Ulcer Index | 2.63% | 4.40% |
| Daily Std Dev | 12.11% | 13.10% |
| Max Drawdown | -38.80% | -38.18% |
| Current Drawdown | -3.75% | -8.36% |
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.
Performance
HEZU vs. HEDJ - Performance Comparison
In the year-to-date period, HEZU achieves a 9.44% return, which is significantly higher than HEDJ's 3.70% return. Over the past 10 years, HEZU has outperformed HEDJ with an annualized return of 9.06%, while HEDJ has yielded a comparatively lower 8.41% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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. HEDJ - Expense Ratio Comparison
HEZU has a 0.52% expense ratio, which is lower than HEDJ's 0.58% expense ratio.
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 2.81%, less than HEDJ's 3.02% 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% |
HEDJ WisdomTree Europe Hedged Equity Fund | 3.02% | 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
iShares Currency Hedged MSCI Eurozone ETF (HEZU) and WisdomTree Europe Hedged Equity Fund (HEDJ) have volatilities of 3.64% and 3.72%, 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.