IEUS vs. HEDJ
Compare and contrast key facts about iShares MSCI Europe Small-Cap ETF (IEUS) and WisdomTree Europe Hedged Equity Fund (HEDJ).
IEUS and HEDJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IEUS is a passively managed fund by iShares that tracks the performance of the MSCI Europe Small Cap Index. It was launched on Nov 12, 2007. 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 IEUS 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: IEUS or HEDJ.
Key characteristics
| IEUS | HEDJ | |
|---|---|---|
| YTD Return | 8.20% | 4.28% |
| 1Y Return | 21.48% | 12.33% |
| 3Y Return (Ann) | -3.26% | 6.97% |
| 5Y Return (Ann) | 6.54% | 8.42% |
| 10Y Return (Ann) | 5.78% | 7.96% |
| Sharpe Ratio | 1.26 | 0.99 |
| Daily Std Dev | 17.55% | 12.82% |
| Max Drawdown | -62.12% | -38.18% |
| Current Drawdown | -12.76% | -7.85% |
Correlation
The correlation between IEUS and HEDJ is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IEUS vs. HEDJ - Performance Comparison
In the year-to-date period, IEUS achieves a 8.20% return, which is significantly higher than HEDJ's 4.28% return. Over the past 10 years, IEUS has underperformed HEDJ with an annualized return of 5.78%, while HEDJ has yielded a comparatively higher 7.96% 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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IEUS vs. HEDJ - Expense Ratio Comparison
IEUS has a 0.40% expense ratio, which is lower than HEDJ's 0.58% expense ratio.
Risk-Adjusted Performance
IEUS vs. HEDJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Small-Cap ETF (IEUS) 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
IEUS vs. HEDJ - Dividend Comparison
IEUS's dividend yield for the trailing twelve months is around 3.03%, less than HEDJ's 3.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEUS iShares MSCI Europe Small-Cap ETF | 3.03% | 2.97% | 3.00% | 2.62% | 1.21% | 4.03% | 3.20% | 2.12% | 2.47% | 2.06% | 2.37% | 2.50% |
HEDJ WisdomTree Europe Hedged Equity Fund | 3.08% | 3.31% | 2.83% | 2.08% | 2.65% | 1.82% | 2.73% | 2.27% | 2.97% | 9.44% | 5.83% | 1.85% |
Drawdowns
IEUS vs. HEDJ - Drawdown Comparison
The maximum IEUS drawdown since its inception was -62.12%, which is greater than HEDJ's maximum drawdown of -38.18%. Use the drawdown chart below to compare losses from any high point for IEUS and HEDJ. For additional features, visit the drawdowns tool.
Volatility
IEUS vs. HEDJ - Volatility Comparison
iShares MSCI Europe Small-Cap ETF (IEUS) has a higher volatility of 5.19% compared to WisdomTree Europe Hedged Equity Fund (HEDJ) at 4.01%. This indicates that IEUS's price experiences larger fluctuations and is considered to be riskier than HEDJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.