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: Financials, Industrials and Information Technology. IEFA is less expensive with a Total Expense Ratio (TER) of 0.07%, versus 0.7% for HEFA. IEFA is up 7.43% year-to-date (YTD) with +$7.62B in YTD flows. HEFA performs better with 9.42% YTD performance, and -$236M 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 06/09/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IEFA HEFA | -1.02%+1.36% | +3.96%+5.67% | +7.43%+9.42% | +19.25%+22.97% | +56.57%+63.18% | +45.65%+85.16% |
| Flows | IEFA HEFA | +$1.25B-$106M | +$3.59B-$281M | +$7.62B-$236M | +$18.75B-$530M | +$34.77B+$1.38B | +$49.58B+$2.39B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IEFA HEFA | +20.35%+16.73% | +15.16%+12.67% | +14.76%+13.44% | +16.15%+13.90% |
| Max drawdown | IEFA HEFA | -5.73%-4.84% | -11.37%-9.45% | -13.46%-14.34% | -30.35%-14.65% |
| Max drawdown duration | IEFA HEFA | 28d20d | 100d84d | 40d65d | 906d381d |
Trading data
IEFA | HEFA | |
Last sale 6/10/2026 at 1:30 PM | $94.87 | $44.66 |
| Previous close 06/09/2026 | $96.17 | $45.24 |
| Consolidated volume 06/09/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of May 29, 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 6/10/2026 at 1:30 PM
Live
Closed
IEFA | HEFA | |
|---|---|---|
| Last price | $94.87 | $44.66 |
| 1D performance | -1.35% | -1.29% |
| AuM | $182.46 B | $7.07 B |
| E/R | 0.07% | 0.7% |
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Exposure
Countries
IEFA
Japan
24.77%
United Kingdom
13.83%
Switzerland
8.59%
France
8.3%
Germany
8.28%
Australia
7.14%
Other
29.09%
HEFA
Japan
22.9%
United Kingdom
14.39%
Switzerland
9.3%
France
9.11%
Germany
9.02%
Other
35.27%
Sectors
IEFA
Financials
22%
Industrials
19.26%
Information Techn.
9.4%
Consumer Discreti.
8.45%
Health Care
7.01%
Other
33.89%
HEFA
Financials
23.82%
Industrials
18.8%
Information Techn.
9.46%
Consumer Discreti.
8.19%
Health Care
7.4%
Other
32.33%
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Diversification
IEFA
Total weight of top 15 holdings out of 15
15.08%
HEFA
Total weight of top 15 holdings out of 15
17.65%
Top 15 holdings
Data as of April 30, 2026
IEFA
ASML HOLDING
2.21%
HSBC HOLDINGS
1.25%
ASTRAZENECA
1.16%
CH1499059983
1.13%
NOVARTIS
1.12%
NESTLE SA
1.03%
SHELL PLC
1.02%
SIEMENS
0.89%
COMMONWEALTH BANK OF AUSTRALIA
0.83%
MITSUBISHI UFJ FINANCIAL GROUP
0.80%
BHP GROUP LTD
0.78%
TOTALENERGIES SE
0.73%
TOYOTA
0.72%
BANCO SANTANDER SA
0.71%
SAP SE
0.71%
HEFA
ASML HOLDING
2.58%
HSBC HOLDINGS
1.46%
ASTRAZENECA
1.36%
CH1499059983
1.33%
NOVARTIS
1.31%
NESTLE SA
1.21%
SHELL PLC
1.19%
SIEMENS
1.04%
COMMONWEALTH BANK OF AUSTRALIA
0.97%
MITSUBISHI UFJ FINANCIAL GROUP
0.94%
BHP GROUP LTD
0.91%
TOTALENERGIES SE
0.86%
TOYOTA
0.85%
BANCO SANTANDER SA
0.83%
SAP SE
0.83%
Frequently asked questions about IEFA and HEFA
How have the IEFA and HEFA ETFs performed in 2026?
As of June 9, 2026, IEFA is up 7.43% year-to-date (YTD), while HEFA has returned 9.42%. 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 +$7.62B in flows, compared to -$236M for HEFA.
Which ETF is more volatile: IEFA or HEFA?
Over the past year, IEFA had a volatility of 15.16%, while HEFA experienced 12.67%.
Which ETF is bigger: IEFA or HEFA?
As of June 9, 2026, IEFA holds $182.46 B in assets under management (AUM), while HEFA manages $7.07 B.
What sectors do the IEFA and HEFA ETFs invest in?
IEFA leans toward sectors like Financials, Industrials and Information Technology. Meanwhile, HEFA focuses on Financials, Industrials and Information Technology.
What are the top holdings of the IEFA ETF and HEFA ETF?
IEFA top holdings include ASML HOLDING, HSBC HOLDINGS and ASTRAZENECA. HEFA holds in its top three: ASML HOLDING, HSBC HOLDINGS and ASTRAZENECA.
Which ETF is more diversified: IEFA or HEFA?
IEFA holds 2613 securities with 15.08% of its assets in the top 15. HEFA has 691 securities and a top 15 weight of 17.65%.
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Latest news about IEFA & HEFA
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