IMFL vs. HEFA
Compare and contrast key facts about Invesco International Developed Dynamic Multifactor ETF (IMFL) and iShares Currency Hedged MSCI EAFE ETF (HEFA).
IMFL and HEFA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IMFL is a passively managed fund by Invesco that tracks the performance of the FTSE Developed ex US Invesco Dynamic Multifactor Index. It was launched on Feb 24, 2021. HEFA is a passively managed fund by iShares that tracks the performance of the MSCI EAFE 100% Hedged to USD Index. It was launched on Jan 31, 2014. Both IMFL and HEFA 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: IMFL or HEFA.
Correlation
The correlation between IMFL and HEFA is 0.81, 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
IMFL vs. HEFA - Performance Comparison
Key characteristics
IMFL:
-0.21
HEFA:
1.20
IMFL:
-0.20
HEFA:
1.63
IMFL:
0.98
HEFA:
1.22
IMFL:
-0.28
HEFA:
1.36
IMFL:
-0.68
HEFA:
6.07
IMFL:
4.39%
HEFA:
2.20%
IMFL:
14.07%
HEFA:
11.13%
IMFL:
-33.25%
HEFA:
-32.39%
IMFL:
-10.57%
HEFA:
-1.71%
Returns By Period
In the year-to-date period, IMFL achieves a -0.60% return, which is significantly lower than HEFA's 0.23% return.
IMFL
-0.60%
-4.36%
-7.94%
-3.12%
N/A
N/A
HEFA
0.23%
-0.94%
-1.30%
12.83%
9.35%
8.88%
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IMFL vs. HEFA - Expense Ratio Comparison
IMFL has a 0.34% expense ratio, which is lower than HEFA's 0.35% expense ratio.
Risk-Adjusted Performance
IMFL vs. HEFA — Risk-Adjusted Performance Rank
IMFL
HEFA
IMFL vs. HEFA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco International Developed Dynamic Multifactor ETF (IMFL) 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.
Dividends
IMFL vs. HEFA - Dividend Comparison
IMFL's dividend yield for the trailing twelve months is around 3.58%, more than HEFA's 3.08% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMFL Invesco International Developed Dynamic Multifactor ETF | 3.58% | 3.56% | 3.85% | 3.36% | 3.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HEFA iShares Currency Hedged MSCI EAFE ETF | 3.08% | 3.09% | 3.01% | 25.14% | 3.06% | 2.10% | 5.37% | 4.58% | 2.55% | 3.17% | 3.54% | 3.39% |
Drawdowns
IMFL vs. HEFA - Drawdown Comparison
The maximum IMFL drawdown since its inception was -33.25%, roughly equal to the maximum HEFA drawdown of -32.39%. Use the drawdown chart below to compare losses from any high point for IMFL and HEFA. For additional features, visit the drawdowns tool.
Volatility
IMFL vs. HEFA - Volatility Comparison
Invesco International Developed Dynamic Multifactor ETF (IMFL) has a higher volatility of 3.60% compared to iShares Currency Hedged MSCI EAFE ETF (HEFA) at 2.70%. This indicates that IMFL'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.