EFAAvsHEFAETF Comparison
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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: Finance, Industrials and Technology. EFAA is less expensive with a Total Expense Ratio (TER) of 0.42%, versus 0.7% for HEFA. EFAA is up 3.91% year-to-date (YTD) with +$307M in YTD flows. HEFA performs better with 12.59% YTD performance, and -$5M 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
Historic performance and flows
Data as of 07/17/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EFAA HEFA | -0.15%+0.06% | +0.54%+3.34% | +3.91%+12.59% | +13.72%+25.59% | n/a+67.70% | n/a+94.69% |
| Flows | EFAA HEFA | +$103M+$240M | +$159M+$23M | +$307M-$5M | +$431M-$211M | -+$1.58B | -+$2.56B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EFAA HEFA | +12.42%+14.15% | +12.18%+13.09% | n/a+13.52% | n/a+13.92% |
| Max drawdown | EFAA HEFA | -3.57%-3.46% | -10.24%-9.45% | n/a-14.34% | n/a-14.65% |
| Max drawdown duration | EFAA HEFA | 54d16d | 145d84d | n/a65d | n/a381d |
Trading data
EFAA | HEFA | |
Last sale 7/17/2026 at 1:30 PM | $55.63 | $45.89 |
| Previous close 07/16/2026 | $55.85 | $46.10 |
| Consolidated volume 07/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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EFAA
is actively managed and doesn’t replicate an indexEFAA | HEFA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
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Main metrics
Last update 7/17/2026 at 1:30 PM
Live
Closed
EFAA | HEFA | |
|---|---|---|
| Last price | $55.63 | $45.89 |
| 1D performance | -0.39% | -0.46% |
| AuM | $609.99 M | $7.40 B |
| E/R | 0.42% | 0.7% |
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Exposure
Countries
EFAA
Japan
21.91%
United Kingdom
12.76%
Switzerland
9.26%
Germany
8.4%
France
8.28%
Other
39.39%
HEFA
Japan
23.49%
United Kingdom
13.49%
Switzerland
10%
Germany
8.94%
France
8.8%
Other
35.28%
Sectors
EFAA
Finance
24.43%
Industrials
15.26%
Technology
11.95%
Healthcare
9.21%
Consumer Non-Cycl.
7.67%
Other
31.47%
HEFA
Finance
26.11%
Industrials
16.32%
Technology
12.89%
Healthcare
9.85%
Consumer Non-Cycl.
8.04%
Non-Energy Materi.
7.24%
Other
19.56%
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Diversification
EFAA
Total weight of top 15 holdings out of 15
16.59%
HEFA
Total weight of top 15 holdings out of 15
17.91%
Top 15 holdings
Data as of May 31, 2026
EFAA
ASML Holding NV
2.65%
HSBC Holdings Plc
1.35%
Roche Holding AG
1.25%
Novartis AG
1.22%
AstraZeneca PLC
1.21%
Nestlé SA
1.11%
Siemens AG
1.02%
Shell Plc
1.02%
BHP Group Ltd.
0.94%
Mitsubishi UFJ Financial Group, Inc.
0.90%
Commonwealth Bank of Australia
0.82%
SAP SE
0.78%
Banco Santander SA
0.77%
SoftBank Group Corp.
0.77%
Toyota Motor Corp.
0.77%
HEFA
ASML Holding NV
2.89%
HSBC Holdings Plc
1.49%
Roche Holding AG
1.36%
AstraZeneca PLC
1.30%
Novartis AG
1.27%
Nestlé SA
1.21%
Shell Plc
1.09%
Siemens AG
1.08%
BHP Group Ltd.
1.05%
Mitsubishi UFJ Financial Group, Inc.
0.93%
Commonwealth Bank of Australia
0.91%
SAP SE
0.87%
Toyota Motor Corp.
0.83%
Banco Santander SA
0.83%
SoftBank Group Corp.
0.80%
Frequently asked questions about EFAA and HEFA
How have the EFAA and HEFA ETFs performed in 2026?
As of July 17, 2026, EFAA is up 3.91% year-to-date (YTD), while HEFA has returned 12.59%. 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 +$307M in flows, compared to -$5M for HEFA.
Which ETF is more volatile: EFAA or HEFA?
Over the past year, EFAA had a volatility of 12.18%, while HEFA experienced 13.09%.
Which ETF is bigger: EFAA or HEFA?
As of July 17, 2026, EFAA holds $609.99 M in assets under management (AUM), while HEFA manages $7.40 B.
What sectors do the EFAA and HEFA ETFs invest in?
EFAA leans toward sectors like Finance, Industrials and Technology. Meanwhile, HEFA focuses on Finance, Industrials and Technology.
What are the top holdings of the EFAA ETF and HEFA ETF?
EFAA 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: EFAA or HEFA?
EFAA holds 708 securities with 16.59% of its assets in the top 15. HEFA has 676 securities and a top 15 weight of 17.91%.
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