HEFAvsDBEFETF Comparison
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The ETFs iShares Currency Hedged MSCI EAFE ETF (HEFA) and Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) track the MSCI EAFE 100% Hedged to USD Net Total Return Index - USD and belong to the same industry segment: DM Large & Mid Cap. Both ETFs have the same top 3 sector exposures: Financials, Industrials and Health Care. HEFA is more expensive with a Total Expense Ratio (TER) of 0.7%, versus 0.35% for DBEF. HEFA is down -0.23% year-to-date (YTD) with -$80M in YTD flows. DBEF performs better with 0.48% YTD performance, and -$63M in YTD flows. Run a side-by-side ETF comparison of HEFA and DBEF 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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HEFA vs DBEF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 03/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HEFA DBEF | -8.34%-7.89% | -0.24%+0.75% | -0.23%+0.48% | +15.49%+16.38% | +58.62%+60.35% | +76.70%+77.81% |
| Flows | HEFA DBEF | -$91M- | -$65M-$63M | -$80M-$63M | -$1.98B-$457M | +$1.60B+$2.19B | +$2.61B+$2.45B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HEFA DBEF | +15.48%+13.50% | +16.85%+14.06% | +13.13%+11.50% | +13.70%+11.85% |
| Max drawdown | HEFA DBEF | -9.45%-9.03% | -13.27%-13.52% | -14.34%-14.53% | -14.65%-14.56% |
| Max drawdown duration | HEFA DBEF | 30d26d | 43d43d | 65d73d | 381d385d |
Trading data
HEFA | DBEF | |
Last sale 3/27/2026 at 1:30 PM | $41.22 | $47.96 |
| Previous close 03/26/2026 | $41.60 | $48.29 |
| 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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HEFA | DBEF | |
|---|---|---|
| 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
HEFA | DBEF | |
|---|---|---|
| Last price | $41.22 | $47.96 |
| 1D performance | -0.91% | -0.68% |
| AuM | $6.59 B | $8.16 B |
| E/R | 0.7% | 0.35% |
Characteristics
HEFA | DBEF | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | Xtrackers by DWS |
| Benchmark | MSCI EAFE Index | MSCI EAFE Index |
| N° of holdings | 655 | 655 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 31, 2014 | June 8, 2011 |
| ESG | No | No |
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Exposure
Countries
HEFA
Japan
22.74%
United Kingdom
14.38%
Switzerland
9.42%
France
9.4%
Germany
9.07%
Other
35%
DBEF
Japan
22.69%
United Kingdom
14.32%
Switzerland
9.47%
France
9.36%
Germany
9.06%
Other
35.09%
Sectors
HEFA
Financials
23.39%
Industrials
18.94%
Health Care
9.2%
Consumer Discreti.
8.86%
Information Techn.
8.68%
Other
30.93%
DBEF
Financials
23.48%
Industrials
18.82%
Health Care
9.33%
Consumer Discreti.
8.88%
Information Techn.
8.56%
Other
30.93%
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Diversification
HEFA
Total weight of top 15 holdings out of 15
17.74%
DBEF
Total weight of top 15 holdings out of 15
17.65%
Top 15 holdings
Data as of February 28, 2026
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%
DBEF
ASML HOLDING
2.54%
ROCHE
1.49%
ASTRAZENECA
1.43%
NOVARTIS
1.40%
HSBC HOLDINGS
1.33%
NESTLE SA
1.20%
SHELL PLC
1.03%
TOYOTA
0.99%
MITSUBISHI UFJ FINANCIAL GROUP
0.97%
SIEMENS
0.96%
COMMONWEALTH BANK OF AUSTRALIA
0.94%
SAP SE
0.92%
BHP GROUP LTD
0.86%
BANCO SANTANDER SA
0.85%
ALLIANZ SE
0.76%
Frequently asked questions about HEFA and DBEF
How have the HEFA and DBEF ETFs performed in 2026?
As of March 27, 2026, HEFA is down -0.23% year-to-date (YTD), while DBEF has returned 0.48%. That puts DBEF better performer ahead so far this year.
Which ETF is attracting more investor money: HEFA or DBEF?
Year-to-date, the HEFA ETF saw -$80M in flows, compared to -$63M for DBEF.
Which ETF is more volatile: HEFA or DBEF?
Over the past year, HEFA had a volatility of 16.85%, while DBEF experienced 14.06%.
Which ETF is bigger: HEFA or DBEF?
As of March 27, 2026, HEFA holds $6.59 B in assets under management (AUM), while DBEF manages $8.16 B.
What sectors do the HEFA and DBEF ETFs invest in?
HEFA leans toward sectors like Financials, Industrials and Health Care. Meanwhile, DBEF focuses on Financials, Industrials and Health Care.
What are the top holdings of the HEFA ETF and DBEF ETF?
HEFA top holdings include ASML HOLDING, ROCHE and HSBC HOLDINGS. DBEF holds in its top three: ASML HOLDING, ROCHE and ASTRAZENECA.
Which ETF is more diversified: HEFA or DBEF?
HEFA holds 694 securities with 17.74% of its assets in the top 15. DBEF has 695 securities and a top 15 weight of 17.65%.
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