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IBFRvsHEFAETF Comparison

ETF 1

IBFR

Innovator International Developed Managed 10 Buffer ETF

This fund is part of

Options Strategies

+1.5%

Full IBFR fund page

VS

ETF 2

HEFA

iShares Currency Hedged MSCI EAFE ETF

This fund is part of

DM Large & Mid Cap

+2.01%

Full HEFA fund page

Innovator International Developed Managed 10 Buffer ETF (IBFR) belongs to the Options Strategies segment. iShares Currency Hedged MSCI EAFE ETF (HEFA) is part of the DM Large & Mid Cap segment. IBFR's top 3 sector exposures are Finance, Technology and Industrials. In contrast, HEFA's top sector exposures are Finance, Industrials and Technology. IBFR is more expensive with a Total Expense Ratio (TER) of 0.85%, versus 0.7% for HEFA. Run a side-by-side ETF comparison of IBFR and HEFA 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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IBFR vs HEFA 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 07/30/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	IBFR HEFA	+0.94%+1.17%	+3.73%+7.75%	n/a+14.85%	n/a+26.87%	n/a+65.82%	n/a+93.24%
Flows	IBFR HEFA	-+$263M	-+$130M	-+$23M	--$180M	-+$1.57B	-+$2.58B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	IBFR HEFA	+9.97%+14.24%	n/a+13.14%	n/a+13.60%	n/a+13.95%
Max drawdown	IBFR HEFA	-2.30%-2.55%	n/a-9.45%	n/a-14.34%	n/a-14.65%
Max drawdown duration	IBFR HEFA	9d24d	n/a84d	n/a65d	n/a381d

Trading data

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	IBFR	HEFA
Last sale 7/31/2026 at 1:30 PM		$46.45
Previous close 07/30/2026		$46.80
Consolidated volume 07/30/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of June 30, 2026

1-year trailing difference

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IBFR

is actively managed and doesn’t replicate an index

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

Main metrics

Last update 7/31/2026 at 1:30 PM

Live

Closed

	IBFR	HEFA
Last price	–	$46.45
1D performance	–	-0.75%
AuM	$15.10 M	$7.58 B
E/R	0.85%	0.7%

Characteristics

	IBFR	HEFA
Management strategy	Active	Passive
Provider	Innovator	iShares
Benchmark	-	MSCI EAFE Index
N° of holdings	286	663
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	February 24, 2026	January 31, 2014
ESG	No	No

More IBFR data on Trackinsight

More HEFA data on Trackinsight

Exposure

Countries

IBFR

Japan

25.16%

United Kingdom

12.22%

Switzerland

9%

Germany

7.5%

France

7.4%

Other

38.72%

HEFA

Japan

23.45%

United Kingdom

13.5%

Switzerland

10.18%

France

8.86%

Germany

8.69%

Netherlands

7.24%

Other

28.09%

Sectors

IBFR

Finance

23.65%

Technology

14.15%

Industrials

14.12%

Healthcare

9.33%

Consumer Non-Cycl.

7.52%

Other

31.23%

HEFA

Finance

26.64%

Industrials

15.94%

Technology

14.12%

Healthcare

10.05%

Consumer Non-Cycl.

8.11%

Other

25.14%

Diversification

IBFR

Total weight of top 15 holdings out of 15

18.48%

HEFA

Total weight of top 15 holdings out of 15

18.72%

Top 15 holdings

Data as of June 30, 2026

IBFR

ASML Holding NV

2.83%

HSBC Holdings Plc

1.45%

Novartis AG

1.43%

AstraZeneca PLC

1.27%

Nestlé SA

1.26%

Roche Holding AG

1.24%

Mitsubishi UFJ Financial Group, Inc.

1.20%

Kioxia Holdings Corp.

1.14%

Siemens AG

1.07%

Shell Plc

1.06%

Allianz SE

0.96%

BHP Group Ltd.

0.92%

Tokyo Electron Ltd.

0.90%

Iberdrola SA

0.88%

Commonwealth Bank of Australia

0.87%

HEFA

ASML Holding NV

3.53%

HSBC Holdings Plc

1.51%

Roche Holding AG

1.34%

Novartis AG

1.32%

AstraZeneca PLC

1.31%

Nestlé SA

1.22%

Siemens AG

1.10%

Shell Plc

1.01%

Tokyo Electron Ltd.

0.98%

Mitsubishi UFJ Financial Group, Inc.

0.97%

BHP Group Ltd.

0.97%

Banco Santander SA

0.92%

Commonwealth Bank of Australia

0.88%

Allianz SE

0.83%

Schneider Electric SE

0.83%

Frequently asked questions about IBFR and HEFA

Which ETF is bigger: IBFR or HEFA?

As of July 30, 2026, IBFR holds $15.10 M in assets under management (AUM), while HEFA manages $7.58 B.

What sectors do the IBFR and HEFA ETFs invest in?

IBFR leans toward sectors like Finance, Technology and Industrials. Meanwhile, HEFA focuses on Finance, Industrials and Technology.

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

IBFR top holdings include ASML Holding NV, HSBC Holdings Plc and Novartis AG. HEFA holds in its top three: ASML Holding NV, HSBC Holdings Plc and Roche Holding AG.

IBFRvsHEFAETF Comparison

Innovator International Developed Managed 10 Buffer ETF

iShares Currency Hedged MSCI EAFE ETF

IBFR vs HEFA 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

Which ETF is bigger: IBFR or HEFA?

As of July 30, 2026, IBFR holds $15.10 M in assets under management (AUM), while HEFA manages $7.58 B.

What sectors do the IBFR and HEFA ETFs invest in?

IBFR leans toward sectors like Finance, Technology and Industrials. Meanwhile, HEFA focuses on Finance, Industrials and Technology.

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

IBFR top holdings include ASML Holding NV, HSBC Holdings Plc and Novartis AG. HEFA holds in its top three: ASML Holding NV, HSBC Holdings Plc and Roche Holding AG.

Which ETF is more diversified: IBFR or HEFA?

IBFR holds 289 securities with 18.48% of its assets in the top 15. HEFA has 676 securities and a top 15 weight of 18.72%.

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