iShares Currency Hedged MSCI Eurozone ETF
$48.03+0.08 (+0.17%)
- 1.12%
- $559M
- +17.3%
- 2.62%
- 0.1M sh
- $47.96
- low $41.68high $51.68
The ETF.net HEZU Grade
D
Score 39 out of 100
- 5 of 5
Score 39 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F11 out of 100Rank 5 of 5Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C51 out of 100Rank 4 of 5Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A80 out of 100Rank 1 of 5Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D35 out of 100Rank 5 of 5Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B65 out of 100Rank 1 of 5
Our read on HEZU
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.
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 Holdings
- Stocks
- 220
- 31%
- ASML.AS
Geography
- Germany24.82%
- France23.61%
- Netherlands20.29%
- Spain11.07%
- Italy8.98%
- Finland3.41%
- Belgium2.36%
- Ireland1.52%
- 3.95%
Developed 100% · Emerging 0%
HEZU Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
HEZU$11,731
Returns run to the Oct 12, 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.
| Period | HEZU |
|---|---|
| Year to date | +11.4% |
| 1 month | −1.7% |
| 3 months | −1.8% |
| 1 year | +17.3% |
| 3 years | +19.2% |
| 5 years | +12.7% |
| 10 years | +11.9% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | HEZU |
|---|---|---|
| 2026 YTD | +11.4% | |
| 2025 | +25.9% | |
| 2024 | +10.6% | |
| 2023 | +23.0% | |
| 2022 | −9.5% | |
| 2021 | +23.5% | |
| 2020 | +0.5% |
HEZU in the news
HEZU Dividends
- 2.62%
- $1.26
- $0.84 per share
- Twice a year
Distribution history
HEZU Risk
- 11.1%
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.
- 1.28
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.
- −22.7%
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.
- 0.66
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
HEZU Cost
1.12%
HEZU1.12%
- The middle half of International Stocks (USD-Hedged) funds
- Median 0.46%
Every other International Stocks (USD-Hedged) fund charges less.
Other funds in International Stocks (USD-Hedged)
- BDBAWXtrackers MSCI All World ex US Hedged Equity ETFExpense ratio 0.40%1 year return +24.4%
- BDBEUXtrackers MSCI Europe Hedged Equity ETFExpense ratio 0.46%1 year return +16.8%
- CDBEZXtrackers MSCI Eurozone Hedged Equity ETFExpense ratio 0.45%1 year return +16.7%
- CHAWXiShares Currency Hedged MSCI ACWI ex U.S. ETFExpense ratio 0.70%1 year return +23.9%