BROUGHT TO YOU BY:

ETF Portfolio Builder

New

ETF Portfolio Builder

New

HEZUvsIEVETF Comparison

ETF 1

HEZU

iShares Currency Hedged MSCI Eurozone ETF

This fund is part of

Europe Blended Cap

-0.93%

Full HEZU fund page

VS

ETF 2

IEV

iShares Europe ETF

This fund is part of

Europe Blended Cap

-0.93%

Full IEV fund page

iShares Currency Hedged MSCI Eurozone ETF (HEZU) and iShares Europe ETF (IEV) belong to the same industry segment: Europe Blended Cap. HEZU's top 3 sector exposures are Finance, Industrials and Technology. In contrast, IEV's top sector exposures are Finance, Industrials and Healthcare. HEZU is more expensive with a Total Expense Ratio (TER) of 1.12%, versus 0.6% for IEV. HEZU is up 12.19% year-to-date (YTD) with -$110M in YTD flows. IEV performs worse with 8.43% YTD performance, and -$120M in YTD flows. Run a side-by-side ETF comparison of HEZU and IEV below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

Find out how industry players manage ETF portfolios. Discover our library of Model portfolios

HEZU vs IEV performance and flow charts

Performance

Cumulative Flows

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

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 09/14/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	HEZU IEV	-4.54%-3.41%	-0.45%+0.60%	+12.19%+8.43%	+19.55%+15.08%	+65.72%+60.49%	+78.47%+55.40%
Flows	HEZU IEV	+$5M-$7M	+$13M-$109M	-$110M-$120M	-$209M-$855M	+$39M-$717M	-$295M-$978M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	HEZU IEV	+12.75%+11.90%	+15.44%+15.69%	+15.38%+15.04%	+16.78%+17.31%
Max drawdown	HEZU IEV	-4.70%-4.21%	-10.86%-12.01%	-15.63%-14.10%	-22.66%-30.63%
Max drawdown duration	HEZU IEV	32d20d	69d126d	51d44d	441d700d

Trading data

Create an account to view trading data

Join for free

	HEZU	IEV
Last sale 9/15/2026 at 1:30 PM	$48.16	$72.69
Previous close 09/14/2026	$48.27	$72.88
Consolidated volume 09/14/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of August 31, 2026

1-year trailing difference

Create an account to view replication metrics

Join for free

Create an account to view replication quality

Join for free

	HEZU	IEV
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/15/2026 at 1:30 PM

Live

Closed

	HEZU	IEV
Last price	$48.16	$72.69
1D performance	-0.23%	-0.26%
AuM	$567.74 M	$1.63 B
E/R	1.12%	0.6%

Characteristics

	HEZU	IEV
Management strategy	Passive	Passive
Provider	iShares	iShares
Benchmark	MSCI EMU Index	S&P Europe 350 Index
N° of holdings	220	351
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	July 9, 2014	July 25, 2000
ESG	No	No

More HEZU data on Trackinsight

More IEV data on Trackinsight

Exposure

Countries

HEZU

France

25.47%

Germany

25.27%

Netherlands

18.77%

Spain

11.07%

Italy

9.34%

Other

10.09%

IEV

United Kingdom

22.39%

Switzerland

15.48%

France

13.67%

Germany

13.29%

Netherlands

9.96%

Other

25.2%

Sectors

HEZU

Finance

27.9%

Industrials

19.39%

Technology

15.15%

Consumer Cyclical.

7.43%

Other

30.13%

IEV

Finance

26.36%

Industrials

16.28%

Healthcare

12.33%

Technology

9.35%

Consumer Non-Cycl.

8.91%

Other

26.75%

Diversification

HEZU

Total weight of top 15 holdings out of 15

37.91%

IEV

Total weight of top 15 holdings out of 15

27.24%

Top 15 holdings

Data as of July 31, 2026

HEZU

ASML Holding NV

8.38%

Siemens AG

3.13%

Banco Santander SA

2.63%

Allianz SE

2.46%

SAP SE

2.44%

Schneider Electric SE

2.34%

TotalEnergies SE

2.23%

Banco Bilbao Vizcaya Argentaria SA

2.02%

Iberdrola SA

1.91%

Airbus SE

1.82%

LVMH Moët Hennessy Louis Vuitton SE

1.77%

Safran SA

1.76%

Siemens Energy AG

1.70%

UniCredit SpA

1.66%

Air Liquide SA

1.64%

IEV

ASML Holding NV

4.52%

HSBC Holdings Plc

2.57%

Roche Holding AG

2.16%

Novartis AG

2.02%

AstraZeneca PLC

1.86%

Nestlé SA

1.85%

Shell Plc

1.75%

Siemens AG

1.63%

Banco Santander SA

1.45%

Allianz SE

1.33%

SAP SE

1.28%

TotalEnergies SE

1.28%

Schneider Electric SE

1.24%

Rolls-Royce Holdings Plc

1.16%

Novo Nordisk A/S

1.14%

Frequently asked questions about HEZU and IEV

How have the HEZU and IEV ETFs performed in 2026?

As of September 14, 2026, HEZU is up 12.19% year-to-date (YTD), while IEV has returned 8.43%. That puts HEZU better performer ahead so far this year.

Which ETF is attracting more investor money: HEZU or IEV?

Year-to-date, the HEZU ETF saw -$110M in flows, compared to -$120M for IEV.

Which ETF is more volatile: HEZU or IEV?

Over the past year, HEZU had a volatility of 15.44%, while IEV experienced 15.69%.

Which ETF is bigger: HEZU or IEV?

As of September 14, 2026, HEZU holds $567.74 M in assets under management (AUM), while IEV manages $1.63 B.

What sectors do the HEZU and IEV ETFs invest in?

HEZU leans toward sectors like Finance, Industrials and Technology. Meanwhile, IEV focuses on Finance, Industrials and Healthcare.

What are the top holdings of the HEZU ETF and IEV ETF?

HEZU top holdings include ASML Holding NV, Siemens AG and Banco Santander SA. IEV holds in its top three: ASML Holding NV, HSBC Holdings Plc and Roche Holding AG.

Which ETF is more diversified: HEZU or IEV?

HEZU holds 221 securities with 37.91% of its assets in the top 15. IEV has 361 securities and a top 15 weight of 27.24%.

There’s an ETF for That? Switzerland

May 1, 2025

IEV

HEZUvsIEVETF Comparison

iShares Currency Hedged MSCI Eurozone ETF

iShares Europe ETF

HEZU vs IEV 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 HEZU and IEV ETFs performed in 2026?

As of September 14, 2026, HEZU is up 12.19% year-to-date (YTD), while IEV has returned 8.43%. That puts HEZU better performer ahead so far this year.

Which ETF is attracting more investor money: HEZU or IEV?

Year-to-date, the HEZU ETF saw -$110M in flows, compared to -$120M for IEV.

Which ETF is more volatile: HEZU or IEV?

Over the past year, HEZU had a volatility of 15.44%, while IEV experienced 15.69%.

Which ETF is bigger: HEZU or IEV?

As of September 14, 2026, HEZU holds $567.74 M in assets under management (AUM), while IEV manages $1.63 B.

What sectors do the HEZU and IEV ETFs invest in?

HEZU leans toward sectors like Finance, Industrials and Technology. Meanwhile, IEV focuses on Finance, Industrials and Healthcare.

What are the top holdings of the HEZU ETF and IEV ETF?

HEZU top holdings include ASML Holding NV, Siemens AG and Banco Santander SA. IEV holds in its top three: ASML Holding NV, HSBC Holdings Plc and Roche Holding AG.

Which ETF is more diversified: HEZU or IEV?

HEZU holds 221 securities with 37.91% of its assets in the top 15. IEV has 361 securities and a top 15 weight of 27.24%.

There’s an ETF for That? Switzerland

Have you tried our ETF Compare tool?