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 Health Care. HEFA is more expensive with a Total Expense Ratio (TER) of 0.7%, versus 0.32% for EFA. HEFA is down -0.23% year-to-date (YTD) with -$80M in YTD flows. EFA performs worse with -2.29% YTD performance, and +$354M 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 03/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HEFA EFA | -8.34%-11.20% | -0.24%-2.53% | -0.23%-2.29% | +15.49%+16.73% | +58.62%+49.02% | +76.70%+44.10% |
| Flows | HEFA EFA | -$91M- | -$65M+$585M | -$80M+$354M | -$1.98B+$3.17B | +$1.60B+$4.95B | +$2.61B+$2.48B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HEFA EFA | +15.48%+18.47% | +16.85%+17.07% | +13.13%+14.38% | +13.70%+15.94% |
| Max drawdown | HEFA EFA | -9.45%-11.39% | -13.27%-12.00% | -14.34%-13.68% | -14.65%-29.40% |
| Max drawdown duration | HEFA EFA | 30d30d | 43d27d | 65d41d | 381d892d |
Trading data
HEFA | EFA | |
Last sale 3/27/2026 at 1:30 PM | $41.22 | $93.80 |
| Previous close 03/26/2026 | $41.60 | $94.66 |
| 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 | 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 3/27/2026 at 1:30 PM
Live
Closed
HEFA | EFA | |
|---|---|---|
| Last price | $41.22 | $93.80 |
| 1D performance | -0.91% | -0.91% |
| AuM | $6.59 B | $69.12 B |
| E/R | 0.7% | 0.32% |
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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%
EFA
Japan
22.96%
United Kingdom
14.53%
Switzerland
9.51%
France
9.49%
Germany
9.16%
Other
34.34%
Sectors
HEFA
Financials
23.39%
Industrials
18.94%
Health Care
9.2%
Consumer Discreti.
8.86%
Information Techn.
8.68%
Other
30.93%
EFA
Financials
23.62%
Industrials
19.13%
Health Care
9.29%
Consumer Discreti.
8.95%
Information Techn.
8.77%
Other
30.24%
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Diversification
HEFA
Total weight of top 15 holdings out of 15
17.74%
EFA
Total weight of top 15 holdings out of 15
17.92%
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%
EFA
ASML HOLDING
2.51%
ROCHE
1.47%
HSBC HOLDINGS
1.44%
ASTRAZENECA
1.41%
NOVARTIS
1.40%
NESTLE SA
1.22%
SHELL PLC
1.05%
TOYOTA
1.02%
SIEMENS
0.99%
MITSUBISHI UFJ FINANCIAL GROUP
0.95%
SAP SE
0.94%
COMMONWEALTH BANK OF AUSTRALIA
0.94%
BHP GROUP LTD
0.93%
BANCO SANTANDER SA
0.87%
SCHNEIDER ELECTRIC SE
0.78%
Frequently asked questions about HEFA and EFA
How have the HEFA and EFA ETFs performed in 2026?
As of March 27, 2026, HEFA is down -0.23% year-to-date (YTD), while EFA has lost -2.29%. 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 -$80M in flows, compared to +$354M for EFA.
Which ETF is more volatile: HEFA or EFA?
Over the past year, HEFA had a volatility of 16.85%, while EFA experienced 17.07%.
Which ETF is bigger: HEFA or EFA?
As of March 27, 2026, HEFA holds $6.59 B in assets under management (AUM), while EFA manages $69.12 B.
What sectors do the HEFA and EFA ETFs invest in?
HEFA leans toward sectors like Financials, Industrials and Health Care. Meanwhile, EFA focuses on Financials, Industrials and Health Care.
What are the top holdings of the HEFA ETF and EFA ETF?
HEFA top holdings include ASML HOLDING, ROCHE and HSBC HOLDINGS. EFA holds in its top three: ASML HOLDING, ROCHE and HSBC HOLDINGS.
Which ETF is more diversified: HEFA or EFA?
HEFA holds 694 securities with 17.74% of its assets in the top 15. EFA has 694 securities and a top 15 weight of 17.92%.
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