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Launched · SEC filings

iShares Currency Hedged MSCI Eurozone ETF

HEZUNYSE ArcaiSharesD

$47.90+0.10 (+0.21%)

As of Nov 2, 2026, 3:59 PM ET

D40/ 100

Rank 5 of 5 in International Stocks (USD-Hedged)

D40/100Rank 5 of 5inInternational Stocks (USD-Hedged)
Intraday session: up, 79 prints from 47.80 to 47.90. Range 47.83 to 48.31. Use the arrow keys to read each point.48.0048.1048.2048.3010 AM12 PM2 PM4 PM
Expense ratio
1.12%
Fund size
$417M
1Y total return
+13.9%
Yield · Last 12 months
2.63%
Holdings
219
Avg volume · 30D
85.3K sh
52W range
low $41.68high $51.68
Launched
Filings
SEC EDGAR

The ETF.net HEZU Grade

Based on 5 of 6 pillars

D

Score 40 out of 100

Category
International Stocks (USD-Hedged)⁠
Rank
5 of 5
Six-pillar profile for HEZU. Scores out of 100: Cost 11, Risk 55, Mission not scored, Tradability 81, Holdings 39, Durability 57. Strongest: Tradability (81). Weakest: Cost (11). Based on 5 of 6 pillars.

Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25. The letter stays D for now. A new letter must hold for 3 published runs before it replaces it.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F11 out of 100
    Rank 5 of 5

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B55 out of 100
    Rank 3 of 5

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A81 out of 100
    Rank 1 of 5

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D39 out of 100
    Rank 5 of 5

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B57 out of 100
    Rank 2 of 5

Our read on HEZU

ETF.net Research

In short

DThe hedged twin of a big eurozone index fund: same large- and mid-cap basket, euro/dollar swings neutralized. You own the shares, not the currency. That built-in hedge carries a fee well above the typical index wrapper.

Stated mandate

The fund seeks to track an index of large- and mid-cap equities from developed countries that use the euro.

Why people hold it

  • Currency hedging is baked into the wrapper: the euro/dollar move is neutralized, so results follow the eurozone shares rather than the exchange rate.
  • Tracks the same declared index as the unhedged EZU (MSCI EMU), so moving between hedged and unhedged versions keeps the stock lineup identical.
  • One ticket for large- and mid-cap companies across developed countries that use the euro, running since 2014 under the iShares roof.ishares.com

Worth knowing

  • Cost is the headline trade-off: a 1.12% expense ratio against a 0.45% median for index wrappers, and against 0.50% on the unhedged EZU tracking the same index.
  • The hedge cuts both ways: a strengthening euro no longer adds to dollar-based results the way it can in an unhedged eurozone fund.
  • Moderately traded rather than a volume heavyweight, so spreads and order size are worth a look before hitting the button.

HEZU Performance

Launched Jul 9, 2014

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

HEZU$11,385
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. HEZU $11,385. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for HEZU. Periods over one year show the average yearly return.
PeriodHEZU
Year to date+11.1%
1 month−1.3%
3 months−2.3%
1 year+13.9%
3 yearsper year+20.2%
5 yearsper year+11.7%
10 yearsper year+11.7%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for HEZU
YearReturn barHEZU
2026 YTD+11.1%
2025+25.9%
2024+10.6%
2023+23.0%
2022−9.5%
2021+23.5%
2020+0.5%

HEZU in the news

HEZU Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
2.63%Last 12 months
Payout per share
$1.26Last 12 months
Last payment
$0.84 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2017–2026

One bar per payment. 21 payments from 2017 to 2026 YTD. Jul 6, 2017 $0.44; Dec 28, 2017 $0.13; Jul 3, 2018 $0.76; Dec 28, 2018 $0.14; Jul 2, 2019 $0.76; Dec 3, 2019 $0.83; Dec 24, 2019 $0.12; Jul 2, 2020 $0.25; Dec 24, 2020 $0.47; Jul 2, 2021 $0.39; Dec 23, 2021 $0.46; Jul 5, 2022 $0.90; Dec 2, 2022 $5.44; Dec 23, 2022 $0.13; Jul 3, 2023 $0.59; Dec 22, 2023 $0.25; Jul 2, 2024 $0.75; Dec 20, 2024 $0.24; Jul 2, 2025 $0.86; Dec 23, 2025 $0.42; Jul 2, 2026 $0.84. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jul 2, 2026Jul 8, 2026$0.84
Dec 23, 2025Dec 29, 2025$0.42
Jul 2, 2025Jul 8, 2025$0.86
Dec 20, 2024Dec 26, 2024$0.24
Jul 2, 2024Jul 8, 2024$0.75
Dec 22, 2023Dec 29, 2023$0.25
Jul 3, 2023Jul 10, 2023$0.59
Dec 23, 2022Dec 30, 2022$0.13
Dec 2, 2022Dec 8, 2022$5.44
Jul 5, 2022Jul 11, 2022$0.90
Dec 23, 2021Dec 30, 2021$0.46
Jul 2, 2021Jul 9, 2021$0.39

See all 27 payments⁠

$10,000 in HEZU 10 years ago paid $6,355 in dividends.⁠

HEZU Risk

Risk pillarB55 out of 100Rank 3 of 5 in International Stocks (USD-Hedged)
How much the fund’s monthly returns vary, scaled to a year.
10.9%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.34
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−22.7%
Trough Sep 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.66
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

HEZU Cost

Compare HEZU and DBAW

Overpaying vs DBAW, cheapest in International Stocks (USD-Hedged)

$12,517

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • HEZU 1.12%

    $20,607

  • DBAW 0.40% Cheapest

    $8,090

$10,000
30 years

Cost over time

  • HEZU 1.12%
  • DBAW 0.40%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530HEZU $20,607DBAW $8,090

Year by year

YearHEZUDBAWOverpaying
10$1,965$723$1,242
20$7,344$2,793$4,551
30$20,607$8,090$12,517

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