HEFAvsEFAETF Comparison
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iShares Currency Hedged MSCI EAFE ETF (HEFA) and iShares MSCI EAFE ETF (EFA) 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 0.32% for EFA. HEFA is up 12.22% year-to-date (YTD) with -$245M in YTD flows. EFA performs worse with 10.37% YTD performance, and +$1.48B in YTD flows. Run a side-by-side ETF comparison of HEFA and EFA 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 EFA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HEFA EFA | +3.95%+3.13% | +8.38%+8.09% | +12.22%+10.37% | +26.98%+22.40% | +64.37%+56.06% | +87.31%+51.43% |
| Flows | HEFA EFA | -$111M+$1.12B | -$237M+$1.12B | -$245M+$1.48B | -$513M+$3.51B | +$1.35B+$5.35B | +$2.36B+$3.46B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HEFA EFA | +17.42%+21.03% | +12.94%+15.70% | +13.54%+15.03% | +13.96%+16.29% |
| Max drawdown | HEFA EFA | -4.59%-4.85% | -9.45%-11.39% | -14.34%-13.68% | -14.65%-29.40% |
| Max drawdown duration | HEFA EFA | 14d14d | 84d107d | 65d41d | 381d892d |
Trading data
HEFA | EFA | |
Last sale 6/16/2026 at 1:30 PM | $46.39 | $104.31 |
| Previous close 06/16/2026 | $46.30 | $104.08 |
| Consolidated volume 06/16/2026 | ||
| 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 | EFA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 6/16/2026 at 1:30 PM
Live
Closed
HEFA | EFA | |
|---|---|---|
| Last price | $46.39 | $104.31 |
| 1D performance | +0.19% | +0.22% |
| AuM | $7.24 B | $77.99 B |
| E/R | 0.7% | 0.32% |
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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%
EFA
Japan
22.87%
United Kingdom
14.37%
Switzerland
9.29%
France
9.1%
Germany
9.01%
Other
35.36%
Sectors
HEFA
Financials
23.82%
Industrials
18.8%
Information Techn.
9.46%
Consumer Discreti.
8.19%
Health Care
7.4%
Other
32.33%
EFA
Financials
23.79%
Industrials
18.78%
Information Techn.
9.44%
Consumer Discreti.
8.17%
Health Care
7.39%
Other
32.43%
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Diversification
HEFA
Total weight of top 15 holdings out of 15
17.65%
EFA
Total weight of top 15 holdings out of 15
17.62%
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%
EFA
ASML HOLDING
2.58%
HSBC HOLDINGS
1.46%
ASTRAZENECA
1.36%
CH1499059983
1.32%
NOVARTIS
1.30%
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
0.85%
TOYOTA
0.85%
BANCO SANTANDER SA
0.83%
SAP SE
0.82%
Frequently asked questions about HEFA and EFA
How have the HEFA and EFA ETFs performed in 2026?
As of June 16, 2026, HEFA is up 12.22% year-to-date (YTD), while EFA has returned 10.37%. That puts HEFA better performer ahead so far this year.
Which ETF is attracting more investor money: HEFA or EFA?
Year-to-date, the HEFA ETF saw -$245M in flows, compared to +$1.48B for EFA.
Which ETF is more volatile: HEFA or EFA?
Over the past year, HEFA had a volatility of 12.94%, while EFA experienced 15.7%.
Which ETF is bigger: HEFA or EFA?
As of June 16, 2026, HEFA holds $7.24 B in assets under management (AUM), while EFA manages $77.99 B.
What sectors do the HEFA and EFA ETFs invest in?
HEFA leans toward sectors like Financials, Industrials and Information Technology. Meanwhile, EFA focuses on Financials, Industrials and Information Technology.
What are the top holdings of the HEFA ETF and EFA ETF?
HEFA top holdings include ASML HOLDING, HSBC HOLDINGS and ASTRAZENECA. EFA holds in its top three: ASML HOLDING, HSBC HOLDINGS and ASTRAZENECA.
Which ETF is more diversified: HEFA or EFA?
HEFA holds 691 securities with 17.65% of its assets in the top 15. EFA has 691 securities and a top 15 weight of 17.62%.
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Latest news about HEFA & EFA
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