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HEZU vs. HEFA
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between HEZU and HEFA is 0.76, 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.


-0.50.00.51.0
Correlation: 0.8

Performance

HEZU vs. HEFA - Performance Comparison

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

120.00%130.00%140.00%150.00%160.00%170.00%NovemberDecember2025FebruaryMarchApril
156.59%
144.46%
HEZU
HEFA

Key characteristics

Sharpe Ratio

HEZU:

0.52

HEFA:

0.43

Sortino Ratio

HEZU:

0.84

HEFA:

0.69

Omega Ratio

HEZU:

1.11

HEFA:

1.10

Calmar Ratio

HEZU:

0.63

HEFA:

0.50

Martin Ratio

HEZU:

2.42

HEFA:

2.18

Ulcer Index

HEZU:

3.88%

HEFA:

3.24%

Daily Std Dev

HEZU:

17.94%

HEFA:

16.66%

Max Drawdown

HEZU:

-38.80%

HEFA:

-32.39%

Current Drawdown

HEZU:

-4.84%

HEFA:

-4.40%

Returns By Period

In the year-to-date period, HEZU achieves a 8.12% return, which is significantly higher than HEFA's 3.05% return. Both investments have delivered pretty close results over the past 10 years, with HEZU having a 7.71% annualized return and HEFA not far behind at 7.70%.


HEZU

YTD

8.12%

1M

-2.69%

6M

7.71%

1Y

10.52%

5Y*

16.37%

10Y*

7.71%

HEFA

YTD

3.05%

1M

-3.27%

6M

3.21%

1Y

7.80%

5Y*

14.72%

10Y*

7.70%

*Annualized

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HEZU vs. HEFA - Expense Ratio Comparison

HEZU has a 0.52% expense ratio, which is higher than HEFA's 0.35% expense ratio.


Expense ratio chart for HEZU: current value is 0.52%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
HEZU: 0.52%
Expense ratio chart for HEFA: current value is 0.35%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
HEFA: 0.35%

Risk-Adjusted Performance

HEZU vs. HEFA — Risk-Adjusted Performance Rank

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

HEZU
The Risk-Adjusted Performance Rank of HEZU is 6262
Overall Rank
The Sharpe Ratio Rank of HEZU is 5858
Sharpe Ratio Rank
The Sortino Ratio Rank of HEZU is 5858
Sortino Ratio Rank
The Omega Ratio Rank of HEZU is 5656
Omega Ratio Rank
The Calmar Ratio Rank of HEZU is 7070
Calmar Ratio Rank
The Martin Ratio Rank of HEZU is 6565
Martin Ratio Rank

HEFA
The Risk-Adjusted Performance Rank of HEFA is 5555
Overall Rank
The Sharpe Ratio Rank of HEFA is 5151
Sharpe Ratio Rank
The Sortino Ratio Rank of HEFA is 5050
Sortino Ratio Rank
The Omega Ratio Rank of HEFA is 5151
Omega Ratio Rank
The Calmar Ratio Rank of HEFA is 6060
Calmar Ratio Rank
The Martin Ratio Rank of HEFA is 6262
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

HEZU vs. HEFA - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Currency Hedged MSCI Eurozone ETF (HEZU) and iShares Currency Hedged MSCI EAFE ETF (HEFA). 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.


The chart of Sharpe ratio for HEZU, currently valued at 0.52, compared to the broader market-1.000.001.002.003.004.00
HEZU: 0.52
HEFA: 0.43
The chart of Sortino ratio for HEZU, currently valued at 0.84, compared to the broader market-2.000.002.004.006.008.00
HEZU: 0.84
HEFA: 0.69
The chart of Omega ratio for HEZU, currently valued at 1.11, compared to the broader market0.501.001.502.002.50
HEZU: 1.11
HEFA: 1.10
The chart of Calmar ratio for HEZU, currently valued at 0.63, compared to the broader market0.002.004.006.008.0010.0012.00
HEZU: 0.63
HEFA: 0.50
The chart of Martin ratio for HEZU, currently valued at 2.42, compared to the broader market0.0020.0040.0060.00
HEZU: 2.42
HEFA: 2.18

The current HEZU Sharpe Ratio is 0.52, which is comparable to the HEFA Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of HEZU and HEFA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50NovemberDecember2025FebruaryMarchApril
0.52
0.43
HEZU
HEFA

Dividends

HEZU vs. HEFA - Dividend Comparison

HEZU's dividend yield for the trailing twelve months is around 2.57%, less than HEFA's 3.00% yield.


TTM20242023202220212020201920182017201620152014
HEZU
iShares Currency Hedged MSCI Eurozone ETF
2.57%2.77%2.52%23.25%2.25%2.32%5.40%3.47%1.92%3.11%2.68%1.15%
HEFA
iShares Currency Hedged MSCI EAFE ETF
3.00%3.09%3.01%25.14%3.06%2.10%5.37%4.58%2.55%3.17%3.54%3.39%

Drawdowns

HEZU vs. HEFA - Drawdown Comparison

The maximum HEZU drawdown since its inception was -38.80%, which is greater than HEFA's maximum drawdown of -32.39%. Use the drawdown chart below to compare losses from any high point for HEZU and HEFA. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-4.84%
-4.40%
HEZU
HEFA

Volatility

HEZU vs. HEFA - Volatility Comparison

iShares Currency Hedged MSCI Eurozone ETF (HEZU) has a higher volatility of 12.82% compared to iShares Currency Hedged MSCI EAFE ETF (HEFA) at 12.15%. This indicates that HEZU's price experiences larger fluctuations and is considered to be riskier than HEFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%NovemberDecember2025FebruaryMarchApril
12.82%
12.15%
HEZU
HEFA