REFAvsHEFAETF Comparison
ETF 1
REFA
Columbia Research Enhanced International Equity ETF
This fund is part of
DM Large & Mid Cap
+0.48%
VS
Columbia Research Enhanced International Equity ETF (REFA) 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: Finance, Industrials and Technology. REFA is less expensive with a Total Expense Ratio (TER) of 0.32%, versus 0.7% for HEFA. REFA is up 13.95% year-to-date (YTD) with +$3K in YTD flows. HEFA performs better with 14.27% YTD performance, and -$48M in YTD flows. Run a side-by-side ETF comparison of REFA 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.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
REFA vs HEFA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | REFA HEFA | -1.59%-2.19% | +7.04%+2.96% | +13.95%+14.27% | n/a+22.06% | n/a+67.66% | n/a+85.98% |
| Flows | REFA HEFA | --$115M | -+$188M | +$3K-$48M | --$290M | -+$1.41B | -+$2.42B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | REFA HEFA | +12.03%+10.72% | n/a+13.13% | n/a+13.58% | n/a+13.99% |
| Max drawdown | REFA HEFA | -2.81%-3.79% | n/a-9.45% | n/a-14.34% | n/a-14.65% |
| Max drawdown duration | REFA HEFA | 16d29d | n/a84d | n/a65d | n/a381d |
Trading data
REFA | HEFA | |
Last sale 9/14/2026 at 1:30 PM | $46.38 | |
| Previous close 09/11/2026 | $46.55 | |
| Consolidated volume 09/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
REFA | HEFA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 9/14/2026 at 1:30 PM
Live
Closed
REFA | HEFA | |
|---|---|---|
| Last price | – | $46.38 |
| 1D performance | – | -0.37% |
| AuM | $5.84 M | $7.47 B |
| E/R | 0.32% | 0.7% |
Characteristics
REFA | HEFA | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Columbia Threadneedle Investments | iShares |
| Benchmark | Beta Advantage Research Enhanced International Equity Index | MSCI EAFE Index |
| N° of holdings | 211 | 666 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 11, 2025 | January 31, 2014 |
| ESG | No | No |
Advertisement
Exposure
Countries
REFA
Japan
26.38%
United Kingdom
14.95%
France
8.52%
Germany
7.39%
Switzerland
7.32%
Australia
7.28%
Other
28.16%
HEFA
Japan
23.1%
United Kingdom
14.14%
Switzerland
10.17%
France
8.97%
Germany
8.89%
Other
34.72%
Sectors
REFA
Finance
25.23%
Industrials
16.36%
Technology
13.6%
Healthcare
12.56%
Non-Energy Materi.
7.71%
Other
24.54%
HEFA
Finance
28.32%
Industrials
16.12%
Technology
12.15%
Healthcare
10.1%
Consumer Non-Cycl.
8.4%
Other
24.91%
Advertisement
Diversification
REFA
Total weight of top 15 holdings out of 15
33.66%
HEFA
Total weight of top 15 holdings out of 15
18.52%
Top 15 holdings
Data as of July 31, 2026
REFA
ASML Holding NV
3.69%
Roche Holding AG
3.28%
BHP Group Ltd.
3.17%
Novartis AG
2.87%
Hitachi Ltd.
2.47%
HSBC Holdings Plc
2.31%
Recruit Holdings Co., Ltd.
2.24%
Advantest Corp.
1.88%
Safran SA
1.86%
Siemens Energy AG
1.78%
Tokyo Electron Ltd.
1.73%
Shell Plc
1.73%
BNP Paribas SA
1.64%
Fast Retailing Co., Ltd.
1.63%
Deutsche Telekom AG
1.38%
HEFA
ASML Holding NV
2.95%
HSBC Holdings Plc
1.68%
Roche Holding AG
1.41%
Novartis AG
1.32%
Nestlé SA
1.21%
AstraZeneca PLC
1.18%
Shell Plc
1.15%
Siemens AG
1.10%
Mitsubishi UFJ Financial Group, Inc.
1.08%
BHP Group Ltd.
0.97%
Commonwealth Bank of Australia
0.96%
Banco Santander SA
0.93%
Allianz SE
0.87%
SAP SE
0.86%
Toyota Motor Corp.
0.85%
Frequently asked questions about REFA and HEFA
How have the REFA and HEFA ETFs performed in 2026?
As of September 11, 2026, REFA is up 13.95% year-to-date (YTD), while HEFA has returned 14.27%. That puts HEFA better performer ahead so far this year.
Which ETF is attracting more investor money: REFA or HEFA?
Year-to-date, the REFA ETF saw +$3K in flows, compared to -$48M for HEFA.
Which ETF is bigger: REFA or HEFA?
As of September 11, 2026, REFA holds $5.84 M in assets under management (AUM), while HEFA manages $7.47 B.
What sectors do the REFA and HEFA ETFs invest in?
REFA leans toward sectors like Finance, Industrials and Technology. Meanwhile, HEFA focuses on Finance, Industrials and Technology.
What are the top holdings of the REFA ETF and HEFA ETF?
REFA 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: REFA or HEFA?
REFA holds 211 securities with 33.66% of its assets in the top 15. HEFA has 674 securities and a top 15 weight of 18.52%.
Advertisement
Advertisement
