IVSIvsHEFAETF Comparison
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Applied Finance IVS International Large ETF (IVSI) and iShares Currency Hedged MSCI EAFE ETF (HEFA) belong to the same industry segment: DM Large & Mid Cap. IVSI's top 3 sector exposures are Finance, Technology and Healthcare. In contrast, HEFA's top sector exposures are Finance, Industrials and Technology. IVSI is less expensive with a Total Expense Ratio (TER) of 0.65%, versus 0.7% for HEFA. IVSI is up 12.29% year-to-date (YTD) with +$3M in YTD flows. HEFA performs better with 12.59% YTD performance, and -$5M in YTD flows. Run a side-by-side ETF comparison of IVSI 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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IVSI vs HEFA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/17/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IVSI HEFA | +0.28%+0.06% | +2.72%+3.34% | +12.29%+12.59% | n/a+25.59% | n/a+67.70% | n/a+94.69% |
| Flows | IVSI HEFA | +$1M+$240M | +$1M+$23M | +$3M-$5M | --$211M | -+$1.58B | -+$2.56B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IVSI HEFA | +11.33%+14.15% | n/a+13.09% | n/a+13.52% | n/a+13.92% |
| Max drawdown | IVSI HEFA | -3.80%-3.46% | n/a-9.45% | n/a-14.34% | n/a-14.65% |
| Max drawdown duration | IVSI HEFA | 32d16d | n/a84d | n/a65d | n/a381d |
Trading data
IVSI | HEFA | |
Last sale 7/17/2026 at 3:41 PM | $28.87 | $45.89 |
| Previous close 07/16/2026 | $29.00 | $46.10 |
| Consolidated volume 07/16/2026 | ||
| 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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IVSI
is actively managed and doesn’t replicate an indexIVSI | 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 7/17/2026 at 3:41 PM
Live
Closed
IVSI | HEFA | |
|---|---|---|
| Last price | $28.87 | $45.89 |
| 1D performance | -0.46% | -0.47% |
| AuM | $9.39 M | $7.40 B |
| E/R | 0.65% | 0.7% |
Characteristics
IVSI | HEFA | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Applied Finance | iShares |
| Benchmark | - | MSCI EAFE Index |
| N° of holdings | 188 | 664 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 10, 2025 | January 31, 2014 |
| ESG | No | No |
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Exposure
Countries
IVSI
Japan
20.15%
United Kingdom
15.2%
Switzerland
12.82%
France
9.18%
Netherlands
8.26%
Germany
8.15%
Other
26.24%
HEFA
Japan
23.49%
United Kingdom
13.49%
Switzerland
10%
Germany
8.94%
France
8.8%
Other
35.28%
Sectors
IVSI
Finance
19.84%
Technology
14.73%
Healthcare
13.69%
Industrials
13.14%
Consumer Non-Cycl.
10.4%
Non-Energy Materi.
7.13%
Other
21.07%
HEFA
Finance
26.11%
Industrials
16.32%
Technology
12.89%
Healthcare
9.85%
Consumer Non-Cycl.
8.04%
Non-Energy Materi.
7.24%
Other
19.56%
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Diversification
IVSI
Total weight of top 15 holdings out of 15
34.05%
HEFA
Total weight of top 15 holdings out of 15
17.91%
Top 15 holdings
Data as of May 31, 2026
IVSI
ASML Holding NV
5.70%
Roche Holding AG
3.48%
BHP Group Ltd.
2.87%
Deutsche Telekom AG
2.28%
Novartis AG
2.26%
Investor AB
2.06%
Novo Nordisk A/S
2.03%
British American Tobacco plc
1.98%
AstraZeneca PLC
1.96%
Allianz SE
1.73%
Mitsubishi UFJ Financial Group, Inc.
1.67%
LVMH Moët Hennessy Louis Vuitton SE
1.65%
Tokio Marine Holdings, Inc.
1.56%
Unilever Plc
1.51%
Recruit Holdings Co., Ltd.
1.31%
HEFA
ASML Holding NV
2.89%
HSBC Holdings Plc
1.49%
Roche Holding AG
1.36%
AstraZeneca PLC
1.30%
Novartis AG
1.27%
Nestlé SA
1.21%
Shell Plc
1.09%
Siemens AG
1.08%
BHP Group Ltd.
1.05%
Mitsubishi UFJ Financial Group, Inc.
0.93%
Commonwealth Bank of Australia
0.91%
SAP SE
0.87%
Toyota Motor Corp.
0.83%
Banco Santander SA
0.83%
SoftBank Group Corp.
0.80%
Frequently asked questions about IVSI and HEFA
How have the IVSI and HEFA ETFs performed in 2026?
As of July 17, 2026, IVSI is up 12.29% year-to-date (YTD), while HEFA has returned 12.59%. That puts HEFA better performer ahead so far this year.
Which ETF is attracting more investor money: IVSI or HEFA?
Year-to-date, the IVSI ETF saw +$3M in flows, compared to -$5M for HEFA.
Which ETF is bigger: IVSI or HEFA?
As of July 17, 2026, IVSI holds $9.39 M in assets under management (AUM), while HEFA manages $7.40 B.
What sectors do the IVSI and HEFA ETFs invest in?
IVSI leans toward sectors like Finance, Technology and Healthcare. Meanwhile, HEFA focuses on Finance, Industrials and Technology.
What are the top holdings of the IVSI ETF and HEFA ETF?
IVSI top holdings include ASML Holding NV, Roche Holding AG and BHP Group Ltd.. HEFA holds in its top three: ASML Holding NV, HSBC Holdings Plc and Roche Holding AG.
Which ETF is more diversified: IVSI or HEFA?
IVSI holds 188 securities with 34.05% of its assets in the top 15. HEFA has 676 securities and a top 15 weight of 17.91%.
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