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: Finance, Industrials and Technology. HEFA is more expensive with a Total Expense Ratio (TER) of 0.7%, versus 0.35% for DBEF. HEFA is up 13.78% year-to-date (YTD) with -$48M in YTD flows. DBEF performs worse with 13.46% YTD performance, and -$66M 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 09/14/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HEFA DBEF | -3.02%-2.95% | +1.52%+1.29% | +13.78%+13.46% | +21.34%+21.46% | +64.73%+64.90% | +85.99%+83.93% |
| Flows | HEFA DBEF | -$115M+$22M | +$188M+$121M | -$48M-$66M | -$386M-$280M | +$1.41B+$1.90B | +$2.42B+$2.39B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HEFA DBEF | +10.77%+8.49% | +13.16%+10.95% | +13.57%+11.75% | +13.99%+11.98% |
| Max drawdown | HEFA DBEF | -3.79%-2.97% | -9.45%-9.03% | -14.34%-14.53% | -14.65%-14.56% |
| Max drawdown duration | HEFA DBEF | 32d32d | 84d81d | 65d73d | 381d385d |
Trading data
HEFA | DBEF | |
Last sale 9/15/2026 at 1:30 PM | $46.37 | $54.63 |
| Previous close 09/14/2026 | $46.38 | $54.79 |
| Consolidated volume 09/14/2026 | ||
| 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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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 9/15/2026 at 1:30 PM
Live
Closed
HEFA | DBEF | |
|---|---|---|
| Last price | $46.37 | $54.63 |
| 1D performance | -0.02% | -0.29% |
| AuM | $7.44 B | $9.20 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 | 666 | 824 |
| 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
23.1%
United Kingdom
14.14%
Switzerland
10.17%
France
8.97%
Germany
8.89%
Other
34.72%
DBEF
Japan
22.26%
United Kingdom
13.83%
Switzerland
10.07%
France
8.73%
Germany
8.64%
Other
36.47%
Sectors
HEFA
Finance
28.32%
Industrials
16.12%
Technology
12.15%
Healthcare
10.1%
Consumer Non-Cycl.
8.4%
Other
24.91%
DBEF
Finance
27.66%
Industrials
15.45%
Technology
11.74%
Healthcare
10.04%
Consumer Non-Cycl.
8.21%
Other
26.89%
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Diversification
HEFA
Total weight of top 15 holdings out of 15
18.52%
DBEF
Total weight of top 15 holdings out of 15
18.07%
Top 15 holdings
Data as of July 31, 2026
HEFA
ASML Holding NV
2.95%
HSBC Holdings Plc
1.68%
Roche Holding AG
1.41%
Novartis AG
1.32%
Nestlé SA
1.21%
AstraZeneca PLC
1.18%
Shell Plc
1.15%
Siemens AG
1.10%
Mitsubishi UFJ Financial Group, Inc.
1.08%
BHP Group Ltd.
0.97%
Commonwealth Bank of Australia
0.96%
Banco Santander SA
0.93%
Allianz SE
0.87%
SAP SE
0.86%
Toyota Motor Corp.
0.85%
DBEF
ASML Holding NV
2.79%
HSBC Holdings Plc
1.61%
Roche Holding AG
1.44%
Novartis AG
1.34%
Nestlé SA
1.19%
AstraZeneca PLC
1.18%
Shell Plc
1.09%
Mitsubishi UFJ Financial Group, Inc.
1.08%
Siemens AG
1.04%
BHP Group Ltd.
0.96%
Commonwealth Bank of Australia
0.95%
Banco Santander SA
0.91%
SAP SE
0.86%
Allianz SE
0.85%
Toyota Motor Corp.
0.79%
Frequently asked questions about HEFA and DBEF
How have the HEFA and DBEF ETFs performed in 2026?
As of September 14, 2026, HEFA is up 13.78% year-to-date (YTD), while DBEF has returned 13.46%. That puts HEFA better performer ahead so far this year.
Which ETF is attracting more investor money: HEFA or DBEF?
Year-to-date, the HEFA ETF saw -$48M in flows, compared to -$66M for DBEF.
Which ETF is more volatile: HEFA or DBEF?
Over the past year, HEFA had a volatility of 13.16%, while DBEF experienced 10.95%.
Which ETF is bigger: HEFA or DBEF?
As of September 14, 2026, HEFA holds $7.44 B in assets under management (AUM), while DBEF manages $9.20 B.
What sectors do the HEFA and DBEF ETFs invest in?
HEFA leans toward sectors like Finance, Industrials and Technology. Meanwhile, DBEF focuses on Finance, Industrials and Technology.
What are the top holdings of the HEFA ETF and DBEF ETF?
HEFA top holdings include ASML Holding NV, HSBC Holdings Plc and Roche Holding AG. DBEF holds in its top three: ASML Holding NV, HSBC Holdings Plc and Roche Holding AG.
Which ETF is more diversified: HEFA or DBEF?
HEFA holds 674 securities with 18.52% of its assets in the top 15. DBEF has 834 securities and a top 15 weight of 18.07%.
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