HEZU

iShares Currency Hedged MSCI Eurozone ETF
D

42
  • Overview
  • Efficiency
  • Tradability
  • Fit

HEZU Fund Description

The iShares Currency Hedged MSCI Eurozone ETF tracks a cap-weighted index of large- and midcap securities from the eurozone, while hedging out its exposure to the euro currency relative to the US dollar.

HEZU Factset Analytics Insight

HEZU offers straightforward exposure to eurozone countries, hedged for currency exposure for US investors. By design, it excludes the UK, Switzerland and Sweden, so it doesn’t Fit well with our broad European benchmark. Its currency hedge also contributes the low Fit score.
HEZU literally holds the blockbuster exchange-traded fund, EZU, overlaid with short forward contracts to neutralize euro exposure. This arrangement creates tracking error that’s akin to fair-market valuation of NAV. The tracking error—and HEZU’s low Efficiency score—is caused by the difference in market hours (EZU in New York and the index stocks in Europe) rather than by sloppy portfolio management. On the other hand, using the ultra-liquid EZU as a single holding for creation/redemption purposes significantly reduces hedging costs for market makers, which in turn trickles down to lower overall trading costs to investors. HEZU’s expense ratio isn’t as cheap as some vanilla funds, but is similar to currency-hedged competitors in the segment. Overall, this large and liquid offering provides solid exposure to the eurozone without the currency risk and return.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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HEZU Top 10 Countries View All

HEZU Top 10 Sectors

HEZU Top 10 Holdings

HEZU Summary Data

BlackRock
iShares
07/10/14
Open-Ended Fund
0.51%
$1.87B
$20.87M
0.03%

HEZU Portfolio Data

$60.63B
21.8
1.74
2.02%
12/04/17
235

HEZU Index Data

Market Cap
Market Cap
MSCI Europe IMI

Related ETFs to HEZU

DBEU, DBEZ, HFXE, HGEU, DEZU
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

HEZU Portfolio Management

0.51%
-0.17%
3.32%
-2.26%

HEZU Tax Exposures

20% / 39.6%
0.21%
Qualified dividends
No

HEZU Fund Structure

Open-Ended Fund
Yes
Yes
80% / 20%
N/A
N/A
Low
Daily
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
ASKS4,60030.14
4,60030.13
9,20030.12
6,30030.11
5,10030.10
BIDS7,80030.08
8,90030.07
8,30030.06
1,80030.05
1,80030.04
LAST 10 TRADES
TIMEPRICESHARES
12:58:2630.09200
12:20:1430.07100
12:14:4730.08900
12:14:4530.082,200
12:11:5030.08734
12:11:5030.08219
12:11:5030.082,047
12:11:5030.08300
11:20:3830.18100
10:37:1730.22100
Bats BZX Real-time Quote - 13:27:43
Daily Spread
Premium/Discount
Volume

HEZU Factset Analytics Block Liquidity

As of 11/22/17
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of HEZU. HEZU is rated a 4 out of 5.

HEZU Tradability

690,489
$20.87M
512,057
$15.88M
0.03%
$0.01
0%
0.14% / -0.22%
None
100%
50,000
10.24
0.01%
0.72%
90
$30.3
4

HEZU Sector/Industry BreakdownView All

HEZUSegment Benchmark
22.26% 21.93%
13.46% 14.26%
11.58% 13.94%
12.20% 9.28%
7.71% 9.02%
12.00% 8.36%
5.05% 7.99%
7.19% 5.00%
3.02% 4.88%

HEZU Top 10 HoldingsView All

HEZU Geographic Exposure

HEZUSegment Benchmark
15.21% 31.93%
14.59% 29.25%
5.14% 10.44%
5.04% 10.12%
4.17% 7.18%
2.04% 3.61%
1.70% 3.02%
0.74% 1.58%
0.82% 1.19%

HEZUSegment Benchmark
99.23% 98.42%
0.74% 1.58%
99.97% / 0.03% 100.00% / 0.00%

HEZU Performance Statistics

0.36
0.68
0.83
0.58
0.55%
MSCI Europe IMI

HEZU BENCHMARK COMPARISON

    HEZU
    235 Holdings
    Segment Benchmark
    1409 Constituents
    Shared Holdings
    235 (Count)
     
    44.40% (Weight)
HEZUSegment Benchmark
75.92% 89.70%
18.47% 10.25%
5.25% 0.06%
0.36% 0.00%
3.09% 2.88%
Low Low