HEFA
iShares Currency Hedged MSCI EAFE ETF
iShares Currency Hedged MSCI EAFE ETF is an exchange-traded fund incorporated in the USA. The ETF seeks to track the investment results of an index composed of large- and mid-capitalization equities in Europe, Australasia, and the Far East while mitigating exposure to fluctuations between the value of the component currencies and the U.S. dollar.
International
EQUITY
Passive
MANAGEMENT STYLE
$ 7.5 B
ASSETS UNDER MGMT
70 bp
EXPENSES
Fund Basics
| Inception date | Jan 31, 2014 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Semi-annual |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | Yes |
| Fund of funds | Yes |
Top 10 Holdings
Complete list +
| ASML HOLDING NV | 2.9 % |
| ROCHE PS PAR AG | 1.6 % |
| SHELL PLC | 1.5 % |
| NOVARTIS AG | 1.4 % |
| HSBC HOLDINGS PLC | 1.4 % |
| ASTRAZENECA PLC | 1.3 % |
| NESTLE SA-REG | 1.2 % |
| SAP AG | 1.1 % |
| MITSUBISHI UFJ FINANCIAL GRO | 1.1 % |
| SIEMENS AG-REG | 1.0 % |
Constituent Breakdown
| Number of holdings | 1 |
| Herfindahl-Hirschman Index | 0 |
| Wgt avg mkt cap (mns) | $657 |
| Large cap (>$10bn) | 0.0% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 96.1% |
| Emerging mkts. | 0.1% |
Sector Breakdown
Country Exposure
 |
JAPAN | 23.2 % |
 |
BRITAIN | 13.0 % |
 |
GERMANY | 8.9 % |
 |
SWITZERLAND | 8.7 % |
 |
FRANCE | 8.4 % |
 |
AUSTRALIA | 6.7 % |
 |
NETHERLANDS | 6.2 % |
 |
SPAIN | 3.8 % |
 |
SWEDEN | 3.1 % |
 |
ITALY | 2.9 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 12.2% | 17.1% | 14.4% | 15.5% | 6.2% | 6.5% | -- | 5.2% |
| Dividend Yield | 1.7% | 5.2% | 4.3% | 4.1% | 7.9% | 5.8% | -- | 5.3% |
| Total Returns | 13.8% | 22.3% | 18.8% | 19.6% | 14.0% | 12.2% | -- | 10.5% | Ann. Volatility | 13.9% | 13.2% | 14.5% | 13.4% | 13.8% | 15.6% | -- | 16.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.81 | 63% |
| MSCI EAFE | 0.77 | 86% |
| MSCI Emg Mkts | 0.40 | 59% |
Liquidity Measures
| Avg. volume (000) | 497 |
| ADV traded (mns) | $23 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.02% |
Technical Indicators
| 30d moving avg. (EMA) | $46.48 |
| Relative strength (RSI) | 49 |
| MACD/Signal | -0.05/-0.07 |
| Bollinger Bands (Upper/Lower) | $46.80/$45.97 |
| Short interest (% of AUM) | 0.2% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. HEFA |
Expenses vs. HEFA |
ALTAR Score™ vs. HEFA |
|---|---|---|---|---|
| EFA | iShares MSCI EAFE ETF | 95.8% | -38 bp | +8.2% |
| DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | 87.8% | -35 bp | +8.0% |
| EFAX | SPDR MSCI EAFE Fossil Fuel Reserves Free ETF | 87.3% | -50 bp | +8.0% |
| BBIN | JPMorgan BetaBuilders International Equity ETF | 86.4% | -63 bp | +8.4% |
| GSID | Goldman Sachs MarketBeta International Equity ETF | 84.3% | -45 bp | +8.1% |
| IEFA | iShares Core MSCI EAFE ETF | 82.8% | -63 bp | +8.5% |
| ENHI | iShares Enhanced International Active ETF | 82.4% | -43 bp | +8.4% |
| HFXI | IQ FTSE International Equity Currency Neutral ETF | 77.2% | -50 bp | +8.6% |
| BKIE | BNY Mellon International Equity ETF | 75.0% | -66 bp | +8.2% |
| IDEV | iShares Core MSCI International Developed Markets ETF | 72.4% | -66 bp | +8.3% |
Risk and Returns: HEFA vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/6/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
-1.5%
ALTAR SCORE™
1st
PERCENTILE
AVOID
ETFRC RATING
There are 421 funds in the International Equity category with an average
ALTAR Score™ of 6.7% and a standard deviation
of 1.6%. HEFA's ALTAR Score™ is approximately -5.2 standard
deviations above the category average. This places HEFA in the 1st percentile
among funds in the category.
Sell-Side Consensus
$63.11
PRICE TARGET
+37.3%
UPSIDE