HEZU vs. RFEU
Compare and contrast key facts about iShares Currency Hedged MSCI Eurozone ETF (HEZU) and First Trust RiverFront Dynamic Europe ETF (RFEU).
HEZU and RFEU 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. RFEU is an actively managed fund by First Trust. It was launched on Apr 14, 2016.
Performance
HEZU vs. RFEU - Performance Comparison
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HEZU vs. RFEU - 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% |
RFEU First Trust RiverFront Dynamic Europe ETF | 1.50% | 30.78% | -1.78% | 16.19% | -24.17% | 22.83% | 6.25% | 23.21% | -17.57% | 26.58% |
Returns By Period
In the year-to-date period, HEZU achieves a 1.17% return, which is significantly lower than RFEU's 1.50% 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%
RFEU
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 1.50%
- 6M
- 6.95%
- 1Y
- 21.62%
- 3Y*
- 12.42%
- 5Y*
- 6.12%
- 10Y*
- —
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HEZU vs. RFEU - Expense Ratio Comparison
HEZU has a 0.52% expense ratio, which is lower than RFEU's 0.83% expense ratio.
Return for Risk
HEZU vs. RFEU — Risk / Return Rank
HEZU
RFEU
HEZU vs. RFEU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Currency Hedged MSCI Eurozone ETF (HEZU) and First Trust RiverFront Dynamic Europe ETF (RFEU). 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 | RFEU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 1.61 | -0.71 |
Sortino ratioReturn per unit of downside risk | 1.34 | 2.20 | -0.86 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.39 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 1.47 | 1.80 | -0.33 |
Martin ratioReturn relative to average drawdown | 5.46 | 10.86 | -5.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HEZU | RFEU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 1.61 | -0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.37 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.42 | +0.12 |
Correlation
The correlation between HEZU and RFEU is 0.74, 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. RFEU - Dividend Comparison
HEZU's dividend yield for the trailing twelve months is around 2.89%, more than RFEU's 2.83% 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% |
RFEU First Trust RiverFront Dynamic Europe ETF | 2.83% | 2.87% | 5.45% | 3.37% | 4.98% | 1.82% | 2.32% | 3.08% | 2.84% | 1.35% | 3.16% | 0.00% |
Drawdowns
HEZU vs. RFEU - Drawdown Comparison
The maximum HEZU drawdown since its inception was -38.80%, roughly equal to the maximum RFEU drawdown of -39.74%. Use the drawdown chart below to compare losses from any high point for HEZU and RFEU.
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Drawdown Indicators
| HEZU | RFEU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.80% | -39.74% | +0.94% |
Max Drawdown (1Y)Largest decline over 1 year | -11.62% | -11.25% | -0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -22.79% | -35.92% | +13.13% |
Max Drawdown (10Y)Largest decline over 10 years | -38.80% | — | — |
Current DrawdownCurrent decline from peak | -6.39% | -0.11% | -6.28% |
Average DrawdownAverage peak-to-trough decline | -5.89% | -9.79% | +3.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 2.21% | +0.93% |
Volatility
HEZU vs. RFEU - Volatility Comparison
iShares Currency Hedged MSCI Eurozone ETF (HEZU) has a higher volatility of 6.56% compared to First Trust RiverFront Dynamic Europe ETF (RFEU) at 0.00%. This indicates that HEZU's price experiences larger fluctuations and is considered to be riskier than RFEU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HEZU | RFEU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.56% | 0.00% | +6.56% |
Volatility (6M)Calculated over the trailing 6-month period | 10.58% | 5.95% | +4.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.11% | 14.89% | +3.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.22% | 17.01% | -0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.37% | 17.96% | +0.41% |