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EFAAvsHEFAETF Comparison

ETF 1

EFAA

Invesco MSCI EAFE Income Advantage ETF

This fund is part of

Options Strategies

+0.11%

Full EFAA fund page

VS

ETF 2

HEFA

iShares Currency Hedged MSCI EAFE ETF

This fund is part of

DM Large & Mid Cap

+0.54%

Full HEFA fund page

Invesco MSCI EAFE Income Advantage ETF (EFAA) belongs to the Options Strategies segment. iShares Currency Hedged MSCI EAFE ETF (HEFA) is part of the DM Large & Mid Cap segment. Both ETFs have the same top 3 sector exposures: Financials, Industrials and Information Technology. EFAA is less expensive with a Total Expense Ratio (TER) of 0.39%, versus 0.7% for HEFA. EFAA is up 2.62% year-to-date (YTD) with +$188M in YTD flows. HEFA performs better with 8.56% YTD performance, and -$130M in YTD flows. Run a side-by-side ETF comparison of EFAA 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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EFAA vs HEFA performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 05/13/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	EFAA HEFA	+0.66%+0.88%	-2.16%+1.78%	+2.62%+8.56%	+16.58%+24.54%	n/a+62.24%	n/a+90.96%
Flows	EFAA HEFA	+$40M-$102M	+$130M-$82M	+$188M-$130M	+$317M-$1.99B	-+$1.52B	-+$2.55B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	EFAA HEFA	+17.78%+18.04%	+11.71%+12.56%	n/a+13.46%	n/a+13.84%
Max drawdown	EFAA HEFA	-10.24%-9.45%	-10.24%-9.45%	n/a-14.34%	n/a-14.65%
Max drawdown duration	EFAA HEFA	80d77d	80d77d	n/a65d	n/a381d

Trading data

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	EFAA	HEFA
Last sale 5/14/2026 at 1:30 PM	$55.13	$44.92
Previous close 05/13/2026	$55.39	$44.92
Consolidated volume 05/13/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of April 30, 2026

1-year trailing difference

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EFAA

is actively managed and doesn’t replicate an index

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	EFAA	HEFA
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 5/14/2026 at 1:30 PM

Live

Closed

	EFAA	HEFA
Last price	$55.13	$44.92
1D performance	-0.47%	-0.01%
AuM	$488.21 M	$7.12 B
E/R	0.39%	0.7%

Characteristics

	EFAA	HEFA
Management strategy	Active	Passive
Provider	Invesco	iShares
Benchmark	-	MSCI EAFE Index
N° of holdings	652	649
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	July 17, 2024	January 31, 2014
ESG	No	No

More EFAA data on Trackinsight

More HEFA data on Trackinsight

Exposure

Countries

EFAA

Japan

21.26%

United Kingdom

13.7%

Switzerland

8.78%

France

8.69%

Germany

8.28%

Other

39.29%

HEFA

Japan

22.39%

United Kingdom

14.42%

Switzerland

9.4%

France

9.32%

Germany

8.91%

Other

35.57%

Sectors

EFAA

Financials

21.94%

Industrials

17.26%

Information Techn.

8.02%

Consumer Discreti.

7.97%

Health Care

7.51%

Other

37.3%

HEFA

Financials

23.43%

Industrials

18.27%

Information Techn.

8.48%

Consumer Discreti.

8.24%

Health Care

8.03%

Other

33.55%

Diversification

EFAA

Total weight of top 15 holdings out of 15

16.76%

HEFA

Total weight of top 15 holdings out of 15

17.81%

Top 15 holdings

Data as of March 31, 2026

EFAA

ASML HOLDING

2.36%

ASTRAZENECA

1.37%

NOVARTIS

1.32%

CH1499059983

1.28%

HSBC HOLDINGS

1.27%

SHELL PLC

1.23%

NESTLE SA

1.16%

COMMONWEALTH BANK OF AUSTRALIA

0.93%

TOYOTA

0.90%

MITSUBISHI UFJ FINANCIAL GROUP

0.85%

TOTALENERGIES SE

0.84%

SIEMENS

0.84%

BHP GROUP LTD

0.83%

SAP SE

0.80%

BANCO SANTANDER SA

0.74%

HEFA

ASML HOLDING

2.48%

ASTRAZENECA

1.49%

NOVARTIS

1.41%

HSBC HOLDINGS

1.37%

CH1499059983

1.36%

SHELL PLC

1.33%

NESTLE SA

1.24%

COMMONWEALTH BANK OF AUSTRALIA

0.95%

TOYOTA

0.93%

TOTALENERGIES SE

0.91%

MITSUBISHI UFJ FINANCIAL GROUP

0.91%

SIEMENS

0.89%

SAP SE

0.87%

BHP GROUP LTD

0.87%

BANCO SANTANDER SA

0.79%

Frequently asked questions about EFAA and HEFA

How have the EFAA and HEFA ETFs performed in 2026?

As of May 13, 2026, EFAA is up 2.62% year-to-date (YTD), while HEFA has returned 8.56%. That puts HEFA better performer ahead so far this year.

Which ETF is attracting more investor money: EFAA or HEFA?

Year-to-date, the EFAA ETF saw +$188M in flows, compared to -$130M for HEFA.

Which ETF is more volatile: EFAA or HEFA?

Over the past year, EFAA had a volatility of 11.71%, while HEFA experienced 12.56%.

Which ETF is bigger: EFAA or HEFA?

As of May 13, 2026, EFAA holds $488.21 M in assets under management (AUM), while HEFA manages $7.12 B.

What sectors do the EFAA and HEFA ETFs invest in?

EFAA leans toward sectors like Financials, Industrials and Information Technology. Meanwhile, HEFA focuses on Financials, Industrials and Information Technology.

EFAAvsHEFAETF Comparison

Invesco MSCI EAFE Income Advantage ETF

iShares Currency Hedged MSCI EAFE ETF

EFAA vs HEFA performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the EFAA and HEFA ETFs performed in 2026?

As of May 13, 2026, EFAA is up 2.62% year-to-date (YTD), while HEFA has returned 8.56%. That puts HEFA better performer ahead so far this year.

Which ETF is attracting more investor money: EFAA or HEFA?

Year-to-date, the EFAA ETF saw +$188M in flows, compared to -$130M for HEFA.

Which ETF is more volatile: EFAA or HEFA?

Over the past year, EFAA had a volatility of 11.71%, while HEFA experienced 12.56%.

Which ETF is bigger: EFAA or HEFA?

As of May 13, 2026, EFAA holds $488.21 M in assets under management (AUM), while HEFA manages $7.12 B.

What sectors do the EFAA and HEFA ETFs invest in?

EFAA leans toward sectors like Financials, Industrials and Information Technology. Meanwhile, HEFA focuses on Financials, Industrials and Information Technology.

What are the top holdings of the EFAA ETF and HEFA ETF?

EFAA top holdings include ASML HOLDING, ASTRAZENECA and NOVARTIS. HEFA holds in its top three: ASML HOLDING, ASTRAZENECA and NOVARTIS.

Which ETF is more diversified: EFAA or HEFA?

EFAA holds 708 securities with 16.76% of its assets in the top 15. HEFA has 690 securities and a top 15 weight of 17.81%.

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