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: Financials, Industrials and Health Care. EFA is less expensive with a Total Expense Ratio (TER) of 0.32%, versus 0.7% for HEFA. EFA is down -2.29% year-to-date (YTD) with +$354M in YTD flows. HEFA performs better with -0.23% YTD performance, and -$80M 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 03/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EFA HEFA | -11.20%-8.34% | -2.53%-0.24% | -2.29%-0.23% | +16.73%+15.49% | +49.02%+58.62% | +44.10%+76.70% |
| Flows | EFA HEFA | --$91M | +$585M-$65M | +$354M-$80M | +$3.17B-$1.98B | +$4.95B+$1.60B | +$2.48B+$2.61B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EFA HEFA | +18.47%+15.48% | +17.07%+16.85% | +14.38%+13.13% | +15.94%+13.70% |
| Max drawdown | EFA HEFA | -11.39%-9.45% | -12.00%-13.27% | -13.68%-14.34% | -29.40%-14.65% |
| Max drawdown duration | EFA HEFA | 30d30d | 27d43d | 41d65d | 892d381d |
Trading data
EFA | HEFA | |
Last sale 3/27/2026 at 1:30 PM | $93.80 | $41.22 |
| Previous close 03/26/2026 | $94.66 | $41.60 |
| Consolidated volume 03/26/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of February 27, 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 3/27/2026 at 1:30 PM
Live
Closed
EFA | HEFA | |
|---|---|---|
| Last price | $93.80 | $41.22 |
| 1D performance | -0.91% | -0.91% |
| AuM | $69.12 B | $6.59 B |
| E/R | 0.32% | 0.7% |
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Exposure
Countries
EFA
Japan
22.96%
United Kingdom
14.53%
Switzerland
9.51%
France
9.49%
Germany
9.16%
Other
34.34%
HEFA
Japan
22.74%
United Kingdom
14.38%
Switzerland
9.42%
France
9.4%
Germany
9.07%
Other
35%
Sectors
EFA
Financials
23.62%
Industrials
19.13%
Health Care
9.29%
Consumer Discreti.
8.95%
Information Techn.
8.77%
Other
30.24%
HEFA
Financials
23.39%
Industrials
18.94%
Health Care
9.2%
Consumer Discreti.
8.86%
Information Techn.
8.68%
Other
30.93%
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Diversification
EFA
Total weight of top 15 holdings out of 15
17.92%
HEFA
Total weight of top 15 holdings out of 15
17.74%
Top 15 holdings
Data as of February 28, 2026
EFA
ASML HOLDING
2.51%
ROCHE
1.47%
HSBC HOLDINGS
1.44%
ASTRAZENECA
1.41%
NOVARTIS
1.40%
NESTLE SA
1.22%
SHELL PLC
1.05%
TOYOTA
1.02%
SIEMENS
0.99%
MITSUBISHI UFJ FINANCIAL GROUP
0.95%
SAP SE
0.94%
COMMONWEALTH BANK OF AUSTRALIA
0.94%
BHP GROUP LTD
0.93%
BANCO SANTANDER SA
0.87%
SCHNEIDER ELECTRIC SE
0.78%
HEFA
ASML HOLDING
2.48%
ROCHE
1.45%
HSBC HOLDINGS
1.43%
ASTRAZENECA
1.39%
NOVARTIS
1.38%
NESTLE SA
1.21%
SHELL PLC
1.04%
TOYOTA
1.01%
SIEMENS
0.98%
MITSUBISHI UFJ FINANCIAL GROUP
0.95%
SAP SE
0.93%
COMMONWEALTH BANK OF AUSTRALIA
0.93%
BHP GROUP LTD
0.92%
BANCO SANTANDER SA
0.86%
SCHNEIDER ELECTRIC SE
0.78%
Frequently asked questions about EFA and HEFA
How have the EFA and HEFA ETFs performed in 2026?
As of March 27, 2026, EFA is down -2.29% year-to-date (YTD), while HEFA has lost -0.23%. 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 +$354M in flows, compared to -$80M for HEFA.
Which ETF is more volatile: EFA or HEFA?
Over the past year, EFA had a volatility of 17.07%, while HEFA experienced 16.85%.
Which ETF is bigger: EFA or HEFA?
As of March 27, 2026, EFA holds $69.12 B in assets under management (AUM), while HEFA manages $6.59 B.
What sectors do the EFA and HEFA ETFs invest in?
EFA leans toward sectors like Financials, Industrials and Health Care. Meanwhile, HEFA focuses on Financials, Industrials and Health Care.
What are the top holdings of the EFA ETF and HEFA ETF?
EFA top holdings include ASML HOLDING, ROCHE and HSBC HOLDINGS. HEFA holds in its top three: ASML HOLDING, ROCHE and HSBC HOLDINGS.
Which ETF is more diversified: EFA or HEFA?
EFA holds 694 securities with 17.92% of its assets in the top 15. HEFA has 694 securities and a top 15 weight of 17.74%.
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