HEZU
iShares Currency Hedged MSCI Eurozone ETF
iShares Currency Hedged MSCI EMU ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the investment results of an index composed of equities from countries within the European Monetary Union while mitigating exposure to fluctuations between the value of the component currencies and the US dollar.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 421.7 M
ASSETS UNDER MGMT
112 bp
EXPENSES
Fund Basics
| Inception date | Jul 09, 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 | 8.5 % |
| SAP AG | 3.3 % |
| SIEMENS AG-REG | 3.0 % |
| ALLIANZ SE-REG | 2.6 % |
| TOTAL SA | 2.5 % |
| BANCO SANTANDER SA | 2.2 % |
| IBERDROLA SA | 2.1 % |
| SCHNEIDER ELECTRIC SA | 2.0 % |
| BANCO BILBAO VIZCAYA ARGENTA | 1.8 % |
| EADS NV | 1.8 % |
Constituent Breakdown
| Number of holdings | 1 |
| Herfindahl-Hirschman Index | 174 |
| Wgt avg mkt cap (mns) | $0 |
| Large cap (>$10bn) | 0.0% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.1% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
GERMANY | 25.7 % |
 |
FRANCE | 24.4 % |
 |
NETHERLANDS | 18.0 % |
 |
SPAIN | 10.8 % |
 |
ITALY | 8.3 % |
 |
FINLAND | 3.3 % |
 |
BELGIUM | 2.6 % |
 |
IRELAND | 1.5 % |
 |
AUSTRIA | 1.1 % |
 |
SWITZERLAND | 0.7 % |
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 | 10.7% | 14.9% | 14.8% | 16.4% | 6.1% | 6.9% | -- | 5.8% |
| Dividend Yield | 1.9% | 3.1% | 3.2% | 3.3% | 6.9% | 5.1% | -- | 4.7% |
| Total Returns | 12.6% | 18.0% | 18.0% | 19.6% | 13.0% | 12.0% | -- | 10.5% | Ann. Volatility | 17.1% | 15.8% | 16.5% | 15.2% | 16.6% | 18.1% | -- | 18.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.94 | 59% |
| MSCI EAFE | 0.91 | 82% |
| MSCI Emg Mkts | 0.48 | 58% |
Liquidity Measures
| Avg. volume (000) | 150 |
| ADV traded (mns) | $7 |
| Turnover | 1.7% |
| Avg. Bid/Ask (% of price) | 0.29% |
Technical Indicators
| 30d moving avg. (EMA) | $48.08 |
| Relative strength (RSI) | 47 |
| MACD/Signal | -0.16/-0.24 |
| Bollinger Bands (Upper/Lower) | $48.39/$47.19 |
| Short interest (% of AUM) | 0.0% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. HEZU |
Expenses vs. HEZU |
ALTAR Score™ vs. HEZU |
|---|---|---|---|---|
| EZU | iShares MSCI Eurozone ETF | 98.1% | -62 bp | +0.6% |
| DBEZ | Xtrackers MSCI Eurozone Hedged Equity ETF | 83.9% | -67 bp | +0.7% |
| FEZ | SPDR EURO STOXX 50 ETF | 66.8% | -83 bp | +0.9% |
| IEV | iShares Europe ETF | 51.7% | -52 bp | +0.9% |
| BBEU | JPMorgan BetaBuilders Europe ETF | 48.7% | -103 bp | +1.1% |
| DBEU | Xtrackers MSCI Europe Hedged Equity ETF | 48.5% | -67 bp | +0.6% |
| FLEE | Franklin FTSE Europe ETF | 48.4% | -103 bp | +1.1% |
| IEUR | iShares Core MSCI Europe ETF | 47.9% | -102 bp | +1.3% |
| SPEU | SPDR Portfolio Europe ETF | 46.1% | -105 bp | +1.4% |
| VGK | Vanguard FTSE Europe ETF | 44.7% | -106 bp | +1.4% |
Risk and Returns: HEZU 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)
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
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| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | ||||
| 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
5.9%
ALTAR SCORE™
30rd
PERCENTILE
UNDERWEIGHT
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%. HEZU's ALTAR Score™ is approximately -0.5 standard
deviations above the category average. This places HEZU in the 30rd percentile
among funds in the category.
Sell-Side Consensus
$59.51
PRICE TARGET
+23.5%
UPSIDE