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HEFAvsEFAAETF Comparison

ETF 1

HEFA

iShares Currency Hedged MSCI EAFE ETF

This fund is part of

DM Large & Mid Cap

+1.88%

Full HEFA fund page

VS

ETF 2

EFAA

Invesco MSCI EAFE Income Advantage ETF

This fund is part of

Options Strategies

+1.68%

Full EFAA fund page

iShares Currency Hedged MSCI EAFE ETF (HEFA) belongs to the DM Large & Mid Cap segment. Invesco MSCI EAFE Income Advantage ETF (EFAA) is part of the Options Strategies segment. 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 0.39% for EFAA. HEFA is up 2.89% year-to-date (YTD) with -$80M in YTD flows. EFAA performs worse with -2.66% YTD performance, and +$126M in YTD flows. Run a side-by-side ETF comparison of HEFA and EFAA 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 EFAA performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 03/31/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	HEFA EFAA	-1.81%-3.58%	+2.89%-2.66%	+2.89%-2.66%	+21.34%+15.00%	+58.87%n/a	+82.50%n/a
Flows	HEFA EFAA	-$91M-	-$65M+$126M	-$80M+$126M	-$1.98B+$301M	+$1.60B-	+$2.61B-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	HEFA EFAA	+16.30%+15.20%	+16.97%+15.19%	+13.18%n/a	+13.74%n/a
Max drawdown	HEFA EFAA	-9.45%-10.24%	-11.75%-10.63%	-14.34%n/a	-14.65%n/a
Max drawdown duration	HEFA EFAA	34d37d	30d19d	65dn/a	381dn/a

Trading data

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	HEFA	EFAA
Last sale 4/1/2026 at 1:30 PM	$43.11	$53.20
Previous close 03/31/2026	$42.50	$52.74
Consolidated volume 03/31/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 31, 2026

1-year trailing difference

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EFAA

is actively managed and doesn’t replicate an index

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	HEFA	EFAA
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/1/2026 at 1:30 PM

Live

Closed

	HEFA	EFAA
Last price	$43.11	$53.20
1D performance	+1.44%	+0.87%
AuM	$6.80 B	$403.00 M
E/R	0.7%	0.39%

Characteristics

	HEFA	EFAA
Management strategy	Passive	Active
Provider	iShares	Invesco
Benchmark	MSCI EAFE Index	-
N° of holdings	655	655
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	January 31, 2014	July 17, 2024
ESG	No	No

More HEFA data on Trackinsight

More EFAA data on Trackinsight

Exposure

Countries

HEFA

Japan

22.74%

United Kingdom

14.38%

Switzerland

9.42%

France

9.4%

Germany

9.07%

Other

35%

EFAA

Japan

22.41%

United Kingdom

14.21%

Switzerland

9.3%

France

9.29%

Germany

8.98%

Other

35.81%

Sectors

HEFA

Financials

23.39%

Industrials

18.94%

Health Care

9.2%

Consumer Discreti.

8.86%

Information Techn.

8.68%

Other

30.93%

EFAA

Financials

23.13%

Industrials

18.69%

Health Care

9.11%

Consumer Discreti.

8.78%

Information Techn.

8.55%

Other

31.74%

Diversification

HEFA

Total weight of top 15 holdings out of 15

17.74%

EFAA

Total weight of top 15 holdings out of 15

17.53%

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%

EFAA

ASML HOLDING

2.46%

ROCHE

1.44%

HSBC HOLDINGS

1.42%

ASTRAZENECA

1.38%

NOVARTIS

1.37%

NESTLE SA

1.20%

SHELL PLC

1.02%

TOYOTA

1.00%

SIEMENS

0.97%

MITSUBISHI UFJ FINANCIAL GROUP

0.93%

SAP SE

0.93%

COMMONWEALTH BANK OF AUSTRALIA

0.91%

BHP GROUP LTD

0.89%

BANCO SANTANDER SA

0.85%

SCHNEIDER ELECTRIC SE

0.77%

Frequently asked questions about HEFA and EFAA

HEFAvsEFAAETF Comparison

iShares Currency Hedged MSCI EAFE ETF

Invesco MSCI EAFE Income Advantage ETF

HEFA vs EFAA performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the HEFA and EFAA ETFs performed in 2026?

As of March 31, 2026, HEFA is up 2.89% year-to-date (YTD), while EFAA has lost -2.66%. That puts HEFA better performer ahead so far this year.

Which ETF is attracting more investor money: HEFA or EFAA?

Year-to-date, the HEFA ETF saw -$80M in flows, compared to +$126M for EFAA.

Which ETF is more volatile: HEFA or EFAA?

Over the past year, HEFA had a volatility of 16.97%, while EFAA experienced 15.19%.

Which ETF is bigger: HEFA or EFAA?

As of March 31, 2026, HEFA holds $6.80 B in assets under management (AUM), while EFAA manages $403.00 M.

What sectors do the HEFA and EFAA ETFs invest in?

HEFA leans toward sectors like Financials, Industrials and Health Care. Meanwhile, EFAA focuses on Financials, Industrials and Health Care.

What are the top holdings of the HEFA ETF and EFAA ETF?

HEFA top holdings include ASML HOLDING, ROCHE and HSBC HOLDINGS. EFAA holds in its top three: ASML HOLDING, ROCHE and HSBC HOLDINGS.

Which ETF is more diversified: HEFA or EFAA?

HEFA holds 694 securities with 17.74% of its assets in the top 15. EFAA has 713 securities and a top 15 weight of 17.53%.

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