EFAvsHEFAETF Comparison
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iShares MSCI EAFE ETF (EFA) and iShares Currency Hedged MSCI EAFE ETF (HEFA) belong to the same industry segment: DM Large & Mid Cap. Both ETFs have the same top 3 sector exposures: Finance, Industrials and Technology. EFA is less expensive with a Total Expense Ratio (TER) of 0.32%, versus 0.7% for HEFA. EFA is up 12.84% year-to-date (YTD) with +$482M in YTD flows. HEFA performs better with 15.13% YTD performance, and -$123M in YTD flows. Run a side-by-side ETF comparison of EFA and HEFA below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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EFA vs HEFA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EFA HEFA | +0.41%+0.58% | +3.39%+4.63% | +12.84%+15.13% | +21.83%+25.54% | +63.89%+68.66% | +53.31%+88.55% |
| Flows | EFA HEFA | --$150M | +$128M+$99M | +$482M-$123M | +$1.73B-$375M | +$5.28B+$1.34B | +$2.46B+$2.37B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EFA HEFA | +15.04%+12.34% | +15.70%+13.04% | +15.04%+13.56% | +16.33%+13.97% |
| Max drawdown | EFA HEFA | -3.44%-2.55% | -11.39%-9.45% | -13.68%-14.34% | -29.40%-14.65% |
| Max drawdown duration | EFA HEFA | 10d28d | 107d84d | 41d65d | 892d381d |
Trading data
EFA | HEFA | |
Last sale 9/2/2026 at 1:30 PM | $107.08 | $47.05 |
| Previous close 09/01/2026 | $106.49 | $46.91 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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EFA | HEFA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
EFA | HEFA | |
|---|---|---|
| Last price | $107.08 | $47.05 |
| 1D performance | +0.55% | +0.30% |
| AuM | $78.71 B | $7.45 B |
| E/R | 0.32% | 0.7% |
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Exposure
Countries
EFA
Japan
22.87%
United Kingdom
13.97%
Switzerland
10.07%
France
8.88%
Germany
8.81%
Other
35.39%
HEFA
Japan
23.1%
United Kingdom
14.1%
Switzerland
10.17%
France
8.97%
Germany
8.89%
Other
34.76%
Sectors
EFA
Finance
28.15%
Industrials
15.83%
Technology
12.01%
Healthcare
10%
Consumer Non-Cycl.
8.32%
Other
25.7%
HEFA
Finance
28.42%
Industrials
15.99%
Technology
12.12%
Healthcare
10.1%
Consumer Non-Cycl.
8.4%
Other
24.97%
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Diversification
EFA
Total weight of top 15 holdings out of 15
18.34%
HEFA
Total weight of top 15 holdings out of 15
18.52%
Top 15 holdings
Data as of July 31, 2026
EFA
ASML Holding NV
2.92%
HSBC Holdings Plc
1.67%
Roche Holding AG
1.40%
Novartis AG
1.31%
Nestlé SA
1.19%
AstraZeneca PLC
1.17%
Shell Plc
1.14%
Siemens AG
1.09%
Mitsubishi UFJ Financial Group, Inc.
1.07%
BHP Group Ltd.
0.96%
Commonwealth Bank of Australia
0.95%
Banco Santander SA
0.92%
Allianz SE
0.86%
SAP SE
0.85%
Toyota Motor Corp.
0.84%
HEFA
ASML Holding NV
2.95%
HSBC Holdings Plc
1.68%
Roche Holding AG
1.41%
Novartis AG
1.32%
Nestlé SA
1.21%
AstraZeneca PLC
1.18%
Shell Plc
1.15%
Siemens AG
1.10%
Mitsubishi UFJ Financial Group, Inc.
1.08%
BHP Group Ltd.
0.97%
Commonwealth Bank of Australia
0.96%
Banco Santander SA
0.93%
Allianz SE
0.87%
SAP SE
0.86%
Toyota Motor Corp.
0.85%
Frequently asked questions about EFA and HEFA
How have the EFA and HEFA ETFs performed in 2026?
As of September 1, 2026, EFA is up 12.84% year-to-date (YTD), while HEFA has returned 15.13%. That puts HEFA better performer ahead so far this year.
Which ETF is attracting more investor money: EFA or HEFA?
Year-to-date, the EFA ETF saw +$482M in flows, compared to -$123M for HEFA.
Which ETF is more volatile: EFA or HEFA?
Over the past year, EFA had a volatility of 15.7%, while HEFA experienced 13.04%.
Which ETF is bigger: EFA or HEFA?
As of September 1, 2026, EFA holds $78.71 B in assets under management (AUM), while HEFA manages $7.45 B.
What sectors do the EFA and HEFA ETFs invest in?
EFA leans toward sectors like Finance, Industrials and Technology. Meanwhile, HEFA focuses on Finance, Industrials and Technology.
What are the top holdings of the EFA ETF and HEFA ETF?
EFA top holdings include ASML Holding NV, HSBC Holdings Plc and Roche Holding AG. HEFA holds in its top three: ASML Holding NV, HSBC Holdings Plc and Roche Holding AG.
Which ETF is more diversified: EFA or HEFA?
EFA holds 674 securities with 18.34% of its assets in the top 15. HEFA has 674 securities and a top 15 weight of 18.52%.
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