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HEFA vs EFZ

iShares Currency Hedged MSCI EAFE ETF vs ProShares Short MSCI EAFE

HEFA

iShares Currency Hedged MSCI EAFE ETF

Annual cost

0.35%

Fund size

$7.1B

EFZ

ProShares Short MSCI EAFE

Annual cost

0.95%

Fund size

$12M

Key differences

Both HEFA and EFZ are equity ETFs. HEFA charges 0.35% a year and EFZ 0.95%. The main difference: HEFA follows a index tracking strategy; EFZ uses inverse.

  • HEFA follows a index tracking strategy; EFZ uses inverse.
  • HEFA costs 0.60% less per year.
  • HEFA is much larger than EFZ. Larger funds are usually more liquid and less likely to close.
  • Over the last three years, HEFA has delivered higher annualized returns.
  • EFZ has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

HEFAEFZ
Annual cost (TER)0.35%0.95%
Fund size (AUM)$7.1B$12M
Since20142007
Dividend yield3.05%4.06%
Asset classequityequity
Regionglobal ex usglobal ex us
Strategyindex trackinginverse
CAGR 1Y+26.8%-14.3%
CAGR 3Y+18.9%-10.2%
CAGR 5Y+13.7%-5.5%
Sharpe 3Y1.10-0.84
Volatility 1Y13.08%16.84%
Max drawdown-32.39%-61.90%

Beyond the comparison: Beacon helps you build, track, and project a portfolio with the ETFs you pick.

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