FEZvsHEZUETF Comparison
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State Street SPDR EURO STOXX 50 ETF (FEZ) and iShares Currency Hedged MSCI Eurozone ETF (HEZU) belong to the same industry segment: Europe Blended Cap. Both ETFs have the same top 3 sector exposures: Finance, Industrials and Technology. FEZ is less expensive with a Total Expense Ratio (TER) of 0.29%, versus 1.12% for HEZU. FEZ is up 7.14% year-to-date (YTD) with -$917M in YTD flows. HEZU performs better with 12.22% YTD performance, and -$110M in YTD flows. Run a side-by-side ETF comparison of FEZ and HEZU 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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FEZ vs HEZU performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FEZ HEZU | -4.61%-3.27% | -1.42%-1.54% | +7.14%+12.22% | +13.81%+19.71% | +69.82%+67.66% | +72.20%+84.35% |
| Flows | FEZ HEZU | -+$390K | -$194M+$8M | -$917M-$110M | -$765M-$209M | +$367M+$33M | +$149M-$295M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FEZ HEZU | +14.63%+12.78% | +18.32%+15.38% | +17.85%+15.36% | +20.90%+16.75% |
| Max drawdown | FEZ HEZU | -5.64%-4.91% | -12.89%-10.86% | -15.03%-15.63% | -34.74%-22.66% |
| Max drawdown duration | FEZ HEZU | 33d36d | 107d69d | 44d51d | 584d441d |
Trading data
FEZ | HEZU | |
Last sale 9/18/2026 at 1:30 PM | $68.18 | $48.36 |
| Previous close 09/17/2026 | $68.88 | $48.77 |
| Consolidated volume 09/17/2026 | ||
| 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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FEZ | HEZU | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/18/2026 at 1:30 PM
Live
Closed
FEZ | HEZU | |
|---|---|---|
| Last price | $68.18 | $48.36 |
| 1D performance | -1.02% | -0.84% |
| AuM | $4.30 B | $567.86 M |
| E/R | 0.29% | 1.12% |
Characteristics
FEZ | HEZU | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | iShares |
| Benchmark | Euro Stoxx 50 Index | MSCI EMU Index |
| N° of holdings | 47 | 220 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 15, 2002 | July 9, 2014 |
| ESG | No | No |
Exposure
Countries
FEZ
France
29.77%
Germany
29.23%
Netherlands
17.12%
Italy
8.76%
Other
15.12%
HEZU
France
25.47%
Germany
25.27%
Netherlands
18.77%
Spain
11.07%
Italy
9.34%
Other
10.09%
Sectors
FEZ
Finance
20.99%
Industrials
20.66%
Technology
14.38%
Consumer Cyclical.
8.12%
Other
35.85%
HEZU
Finance
27.9%
Industrials
19.39%
Technology
15.15%
Consumer Cyclical.
7.43%
Other
30.13%
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Diversification
FEZ
Total weight of top 15 holdings out of 15
52.07%
HEZU
Total weight of top 15 holdings out of 15
37.91%
Top 15 holdings
Data as of July 31, 2026
FEZ
ASML Holding NV
8.62%
Siemens AG
4.67%
TotalEnergies SE
3.92%
Schneider Electric SE
3.76%
Allianz SE
3.70%
SAP SE
3.59%
Iberdrola SA
2.92%
Safran SA
2.81%
UniCredit SpA
2.77%
Siemens Energy AG
2.70%
Airbus SE
2.68%
LVMH Moët Hennessy Louis Vuitton SE
2.64%
BNP Paribas SA
2.56%
Air Liquide SA
2.45%
Intesa Sanpaolo SpA
2.26%
HEZU
ASML Holding NV
8.38%
Siemens AG
3.13%
Banco Santander SA
2.63%
Allianz SE
2.46%
SAP SE
2.44%
Schneider Electric SE
2.34%
TotalEnergies SE
2.23%
Banco Bilbao Vizcaya Argentaria SA
2.02%
Iberdrola SA
1.91%
Airbus SE
1.82%
LVMH Moët Hennessy Louis Vuitton SE
1.77%
Safran SA
1.76%
Siemens Energy AG
1.70%
UniCredit SpA
1.66%
Air Liquide SA
1.64%
Frequently asked questions about FEZ and HEZU
How have the FEZ and HEZU ETFs performed in 2026?
As of September 18, 2026, FEZ is up 7.14% year-to-date (YTD), while HEZU has returned 12.22%. That puts HEZU better performer ahead so far this year.
Which ETF is attracting more investor money: FEZ or HEZU?
Year-to-date, the FEZ ETF saw -$917M in flows, compared to -$110M for HEZU.
Which ETF is more volatile: FEZ or HEZU?
Over the past year, FEZ had a volatility of 18.32%, while HEZU experienced 15.38%.
Which ETF is bigger: FEZ or HEZU?
As of September 18, 2026, FEZ holds $4.30 B in assets under management (AUM), while HEZU manages $567.86 M.
What sectors do the FEZ and HEZU ETFs invest in?
FEZ leans toward sectors like Finance, Industrials and Technology. Meanwhile, HEZU focuses on Finance, Industrials and Technology.
What are the top holdings of the FEZ ETF and HEZU ETF?
FEZ top holdings include ASML Holding NV, Siemens AG and TotalEnergies SE. HEZU holds in its top three: ASML Holding NV, Siemens AG and Banco Santander SA.
Which ETF is more diversified: FEZ or HEZU?
FEZ holds 47 securities with 52.07% of its assets in the top 15. HEZU has 221 securities and a top 15 weight of 37.91%.
Latest news about FEZ & HEZU
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