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: Finance, Industrials and Technology. HEFA is more expensive with a Total Expense Ratio (TER) of 0.7%, versus 0.32% for EFA. HEFA is up 14.27% year-to-date (YTD) with +$59M in YTD flows. EFA performs worse with 9.71% YTD performance, and +$794M 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 10/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HEFA EFA | -0.56%-1.14% | +0.12%-0.14% | +14.27%+9.71% | +17.00%+11.97% | +77.02%+72.85% | +87.05%+51.43% |
| Flows | HEFA EFA | +$102M+$312M | +$51M+$312M | +$59M+$794M | +$91M+$2.04B | +$1.46B+$5.89B | +$2.39B+$2.77B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HEFA EFA | +9.79%+12.18% | +13.14%+15.87% | +13.50%+15.01% | +13.94%+16.32% |
| Max drawdown | HEFA EFA | -4.23%-5.66% | -9.45%-11.39% | -14.34%-13.68% | -14.65%-29.16% |
| Max drawdown duration | HEFA EFA | 75d63d | 84d107d | 65d41d | 381d828d |
Trading data
HEFA | EFA | |
Last sale 10/28/2026 at 4:54 PM | $46.54 | $103.51 |
| Previous close 10/27/2026 | $46.57 | $103.59 |
| Consolidated volume 10/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 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 10/28/2026 at 4:54 PM
Live
Closed
HEFA | EFA | |
|---|---|---|
| Last price | $46.54 | $103.51 |
| 1D performance | -0.06% | -0.08% |
| AuM | $7.57 B | $76.85 B |
| E/R | 0.7% | 0.32% |
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Exposure
Countries
HEFA
Japan
23.75%
United Kingdom
13.75%
Switzerland
9.84%
Germany
8.75%
France
8.7%
Other
35.2%
EFA
Japan
23.74%
United Kingdom
13.75%
Switzerland
9.84%
Germany
8.75%
France
8.69%
Other
35.23%
Sectors
HEFA
Finance
27.69%
Industrials
15.81%
Technology
12.97%
Healthcare
9.69%
Consumer Non-Cycl.
7.96%
Non-Energy Materi.
7.03%
Other
18.84%
EFA
Finance
27.68%
Industrials
15.81%
Technology
12.97%
Healthcare
9.69%
Consumer Non-Cycl.
7.95%
Non-Energy Materi.
7.03%
Other
18.88%
Diversification
HEFA
Total weight of top 2 holdings out of 2
100.12%
EFA
Total weight of top 15 holdings out of 15
18.29%
Top 15 holdings
Data as of August 31, 2026
HEFA
US4642874659
100.04%
BlackRock Cash Funds - Treasury
0.08%
EFA
ASML Holding NV
2.93%
HSBC Holdings Plc
1.59%
Roche Holding AG
1.37%
Novartis AG
1.25%
Shell Plc
1.13%
Nestlé SA
1.12%
Mitsubishi UFJ Financial Group, Inc.
1.10%
AstraZeneca PLC
1.10%
BHP Group Ltd.
1.08%
Siemens AG
1.07%
SAP SE
1.01%
Banco Santander SA
0.94%
Allianz SE
0.89%
Commonwealth Bank of Australia
0.86%
Schneider Electric SE
0.84%
Frequently asked questions about HEFA and EFA
How have the HEFA and EFA ETFs performed in 2026?
As of October 27, 2026, HEFA is up 14.27% year-to-date (YTD), while EFA has returned 9.71%. 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 +$59M in flows, compared to +$794M for EFA.
Which ETF is more volatile: HEFA or EFA?
Over the past year, HEFA had a volatility of 13.14%, while EFA experienced 15.87%.
Which ETF is bigger: HEFA or EFA?
As of October 27, 2026, HEFA holds $7.57 B in assets under management (AUM), while EFA manages $76.85 B.
What sectors do the HEFA and EFA ETFs invest in?
HEFA leans toward sectors like Finance, Industrials and Technology. Meanwhile, EFA focuses on Finance, Industrials and Technology.
What are the top holdings of the HEFA ETF and EFA ETF?
HEFA top holdings include US4642874659 and BlackRock Cash Funds - Treasury. EFA holds in its top three: ASML Holding NV, HSBC Holdings Plc and Roche Holding AG.
Which ETF is more diversified: HEFA or EFA?
HEFA holds 658 securities with 100.12% of its assets in the top 15. EFA has 658 securities and a top 15 weight of 18.29%.
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Latest news about HEFA & EFA
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January 14, 2026
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Currency Risk in International Equity ETFs: To Hedge or Not to Hedge?
December 23, 2025
EFA
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