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QEFAvsHEFAETF Comparison
SPDR MSCI EAFE StrategicFactors ETF (QEFA) and iShares Currency Hedged MSCI EAFE ETF (HEFA) belong to the same industry segment: DM Large & Mid Cap. Both ETFs have the same top 3 sector exposures: Financials, Industrials and Health Care. QEFA is less expensive with a Total Expense Ratio (TER) of 0.3%, versus 0.7% for HEFA. QEFA is up 3.57% year-to-date (YTD) with +$23M in YTD flows. HEFA performs better with 3.86% YTD performance, and -$8M in YTD flows. Run a side-by-side ETF comparison of QEFA 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.
QEFA vs HEFA performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | QEFA HEFA | -4.27%-3.38% | +4.84%+4.77% | +3.57%+3.86% | +22.30%+23.07% | +55.09%+67.30% | +52.05%+87.32% |
| Flows | QEFA HEFA | -+$40M | +$23M+$31M | +$23M-$8M | -$2M-$1.75B | -$212M+$1.69B | +$215M+$2.71B |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | QEFA HEFA | +12.17%+12.91% | +14.32%+16.42% | +12.36%+13.11% | +13.41%+13.58% |
| Max drawdown | QEFA HEFA | -7.00%-5.70% | -12.30%-14.30% | -12.30%-14.34% | -27.87%-14.65% |
| Max drawdown duration | QEFA HEFA | 10d14d | 38d51d | 38d65d | 892d381d |
QEFA | HEFA | |
Last sale 3/12/2026 at 1:30 PM | $93.07 | $42.52 |
| Previous close 03/11/2026 | $94.24 | $42.93 |
| Consolidated volume 03/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Create an account to view replication metrics
QEFA | HEFA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
QEFA | HEFA | |
|---|---|---|
| Last price | $93.07 | $42.52 |
| 1D performance | -1.24% | -0.96% |
| AuM | $1.03 B | $6.94 B |
| E/R | 0.3% | 0.7% |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the QEFA and HEFA ETFs performed in 2026?
As of March 11, 2026, QEFA is up 3.57% year-to-date (YTD), while HEFA has returned 3.86%. That puts HEFA better performer ahead so far this year.
Which ETF is attracting more investor money: QEFA or HEFA?
Year-to-date, the QEFA ETF saw +$23M in flows, compared to -$8M for HEFA.
Which ETF is more volatile: QEFA or HEFA?
Over the past year, QEFA had a volatility of 14.32%, while HEFA experienced 16.42%.
Which ETF is bigger: QEFA or HEFA?
As of March 11, 2026, QEFA holds $1.03 B in assets under management (AUM), while HEFA manages $6.94 B.
What sectors do the QEFA and HEFA ETFs invest in?
QEFA leans toward sectors like Financials, Industrials and Health Care. Meanwhile, HEFA focuses on Financials, Industrials and Health Care.
What are the top holdings of the QEFA ETF and HEFA ETF?
QEFA top holdings include ASML HOLDING, NOVARTIS and ROCHE. HEFA holds in its top three: ASML HOLDING, ROCHE and HSBC HOLDINGS.
Which ETF is more diversified: QEFA or HEFA?
QEFA holds 651 securities with 20.2% of its assets in the top 15. HEFA has 695 securities and a top 15 weight of 18.01%.
Active Trader Report: Use of Leveraged & Inverse ETFs Way Up
Direxion partnered with Compound Insights and Vanda to explore what’s driving the evolution of active trading — and how active traders are using leveraged and inverse funds across equities, single stocks, commodities, and volatility.
