IEFAvsHEFAETF Comparison
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iShares Core MSCI EAFE ETF (IEFA) belongs to the DM Blended Cap segment. iShares Currency Hedged MSCI EAFE ETF (HEFA) is part of the DM Large & Mid Cap segment. Both ETFs have the same top 3 sector exposures: Finance, Industrials and Technology. IEFA is less expensive with a Total Expense Ratio (TER) of 0.07%, versus 0.7% for HEFA. IEFA is up 11.65% year-to-date (YTD) with +$11.08B in YTD flows. HEFA performs better with 14.13% YTD performance, and +$27M in YTD flows. Run a side-by-side ETF comparison of IEFA 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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IEFA vs HEFA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IEFA HEFA | +2.67%+1.17% | +4.65%+7.14% | +11.65%+14.13% | +24.74%+27.04% | +56.31%+64.78% | +52.54%+91.30% |
| Flows | IEFA HEFA | +$633M+$267M | +$4.72B+$135M | +$11.08B+$27M | +$19.00B-$225M | +$38.09B+$1.57B | +$49.37B+$2.58B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IEFA HEFA | +16.69%+14.32% | +15.62%+13.13% | +14.95%+13.60% | +16.25%+13.95% |
| Max drawdown | IEFA HEFA | -3.62%-2.55% | -11.37%-9.45% | -13.46%-14.34% | -30.35%-14.65% |
| Max drawdown duration | IEFA HEFA | 17d25d | 103d84d | 40d65d | 906d381d |
Trading data
IEFA | HEFA | |
Last sale 7/31/2026 at 1:30 PM | $98.25 | $46.45 |
| Previous close 07/30/2026 | $98.88 | $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 July 31, 2026
1-year trailing difference
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IEFA | HEFA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/31/2026 at 1:30 PM
Live
Closed
IEFA | HEFA | |
|---|---|---|
| Last price | $98.25 | $46.45 |
| 1D performance | -0.64% | -0.75% |
| AuM | $190.11 B | $7.53 B |
| E/R | 0.07% | 0.7% |
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Exposure
Countries
IEFA
Japan
25.36%
United Kingdom
13.27%
Switzerland
9.34%
France
8.11%
Germany
8%
Other
35.93%
HEFA
Japan
23.45%
United Kingdom
13.5%
Switzerland
10.18%
France
8.86%
Germany
8.69%
Netherlands
7.24%
Other
28.09%
Sectors
IEFA
Finance
26.11%
Industrials
16.39%
Technology
13.77%
Healthcare
9.41%
Consumer Non-Cycl.
7.9%
Non-Energy Materi.
7.54%
Other
18.88%
HEFA
Finance
26.64%
Industrials
15.94%
Technology
14.12%
Healthcare
10.05%
Consumer Non-Cycl.
8.11%
Other
25.14%
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Diversification
IEFA
Total weight of top 15 holdings out of 15
16.07%
HEFA
Total weight of top 15 holdings out of 15
18.72%
Top 15 holdings
Data as of June 30, 2026
IEFA
ASML Holding NV
3.03%
HSBC Holdings Plc
1.29%
Roche Holding AG
1.15%
Novartis AG
1.14%
AstraZeneca PLC
1.12%
Nestlé SA
1.05%
Siemens AG
0.95%
Shell Plc
0.87%
Tokyo Electron Ltd.
0.84%
Mitsubishi UFJ Financial Group, Inc.
0.84%
BHP Group Ltd.
0.83%
Banco Santander SA
0.78%
Commonwealth Bank of Australia
0.76%
Allianz SE
0.71%
Schneider Electric SE
0.71%
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 IEFA and HEFA
How have the IEFA and HEFA ETFs performed in 2026?
As of July 31, 2026, IEFA is up 11.65% year-to-date (YTD), while HEFA has returned 14.13%. That puts HEFA better performer ahead so far this year.
Which ETF is attracting more investor money: IEFA or HEFA?
Year-to-date, the IEFA ETF saw +$11.08B in flows, compared to +$27M for HEFA.
Which ETF is more volatile: IEFA or HEFA?
Over the past year, IEFA had a volatility of 15.62%, while HEFA experienced 13.13%.
Which ETF is bigger: IEFA or HEFA?
As of July 31, 2026, IEFA holds $190.11 B in assets under management (AUM), while HEFA manages $7.53 B.
What sectors do the IEFA and HEFA ETFs invest in?
IEFA leans toward sectors like Finance, Industrials and Technology. Meanwhile, HEFA focuses on Finance, Industrials and Technology.
What are the top holdings of the IEFA ETF and HEFA ETF?
IEFA top holdings include ASML Holding NV, HSBC Holdings Plc and Roche Holding AG. HEFA holds in its top three: ASML Holding NV, HSBC Holdings Plc and Roche Holding AG.
Which ETF is more diversified: IEFA or HEFA?
IEFA holds 2616 securities with 16.07% of its assets in the top 15. HEFA has 676 securities and a top 15 weight of 18.72%.
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Latest news about IEFA & HEFA
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