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 Information Technology. HEFA is more expensive with a Total Expense Ratio (TER) of 0.7%, versus 0.35% for DBEF. HEFA is up 11.42% year-to-date (YTD) with -$236M in YTD flows. DBEF performs worse with 10.89% YTD performance, and -$188M 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 06/12/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HEFA DBEF | +3.49%+3.49% | +8.34%+7.84% | +11.42%+10.89% | +25.36%+25.08% | +65.28%+64.94% | +86.61%+85.50% |
| Flows | HEFA DBEF | -$106M+$21M | -$227M-$125M | -$236M-$188M | -$530M-$593M | +$1.38B+$1.94B | +$2.38B+$2.32B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HEFA DBEF | +17.56%+13.81% | +12.99%+10.84% | +13.52%+11.79% | +13.95%+11.99% |
| Max drawdown | HEFA DBEF | -4.59%-3.95% | -9.45%-9.03% | -14.34%-14.53% | -14.65%-14.56% |
| Max drawdown duration | HEFA DBEF | 14d13d | 84d81d | 65d73d | 381d385d |
Trading data
HEFA | DBEF | |
Last sale 6/12/2026 at 1:30 PM | $46.06 | $53.69 |
| Previous close 06/11/2026 | $45.91 | $53.50 |
| Consolidated volume 06/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of May 29, 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 6/12/2026 at 1:30 PM
Live
Closed
HEFA | DBEF | |
|---|---|---|
| Last price | $46.06 | $53.69 |
| 1D performance | +0.33% | +0.36% |
| AuM | $7.20 B | $8.87 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 | 651 | 652 |
| 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
22.9%
United Kingdom
14.39%
Switzerland
9.3%
France
9.11%
Germany
9.02%
Other
35.27%
DBEF
Japan
22.27%
United Kingdom
14.18%
Switzerland
9.19%
France
9.09%
Germany
8.92%
Other
36.35%
Sectors
HEFA
Financials
23.82%
Industrials
18.8%
Information Techn.
9.46%
Consumer Discreti.
8.19%
Health Care
7.4%
Other
32.33%
DBEF
Financials
23.24%
Industrials
18.55%
Information Techn.
9.27%
Consumer Discreti.
8.15%
Health Care
7.32%
Other
33.46%
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Diversification
HEFA
Total weight of top 15 holdings out of 15
17.65%
DBEF
Total weight of top 15 holdings out of 15
17.41%
Top 15 holdings
Data as of April 30, 2026
HEFA
ASML HOLDING
2.58%
HSBC HOLDINGS
1.46%
ASTRAZENECA
1.36%
CH1499059983
1.33%
NOVARTIS
1.31%
NESTLE SA
1.21%
SHELL PLC
1.19%
SIEMENS
1.04%
COMMONWEALTH BANK OF AUSTRALIA
0.97%
MITSUBISHI UFJ FINANCIAL GROUP
0.94%
BHP GROUP LTD
0.91%
TOTALENERGIES SE
0.86%
TOYOTA
0.85%
BANCO SANTANDER SA
0.83%
SAP SE
0.83%
DBEF
ASML HOLDING
2.61%
HSBC HOLDINGS
1.41%
ASTRAZENECA
1.34%
CH1499059983
1.32%
NOVARTIS
1.26%
NESTLE SA
1.22%
SHELL PLC
1.17%
SIEMENS
0.99%
COMMONWEALTH BANK OF AUSTRALIA
0.96%
BHP GROUP LTD
0.94%
MITSUBISHI UFJ FINANCIAL GROUP
0.89%
TOYOTA
0.84%
SAP SE
0.83%
TOTALENERGIES SE
0.82%
SCHNEIDER ELECTRIC SE
0.81%
Frequently asked questions about HEFA and DBEF
How have the HEFA and DBEF ETFs performed in 2026?
As of June 12, 2026, HEFA is up 11.42% year-to-date (YTD), while DBEF has returned 10.89%. 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 -$236M in flows, compared to -$188M for DBEF.
Which ETF is more volatile: HEFA or DBEF?
Over the past year, HEFA had a volatility of 12.99%, while DBEF experienced 10.84%.
Which ETF is bigger: HEFA or DBEF?
As of June 12, 2026, HEFA holds $7.20 B in assets under management (AUM), while DBEF manages $8.87 B.
What sectors do the HEFA and DBEF ETFs invest in?
HEFA leans toward sectors like Financials, Industrials and Information Technology. Meanwhile, DBEF focuses on Financials, Industrials and Information Technology.
What are the top holdings of the HEFA ETF and DBEF ETF?
HEFA top holdings include ASML HOLDING, HSBC HOLDINGS and ASTRAZENECA. DBEF holds in its top three: ASML HOLDING, HSBC HOLDINGS and ASTRAZENECA.
Which ETF is more diversified: HEFA or DBEF?
HEFA holds 691 securities with 17.65% of its assets in the top 15. DBEF has 694 securities and a top 15 weight of 17.41%.
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