HEFA vs CEF

Comparison between ISHARES CURRENCY HEDGED MSCI EAFE ETF (HEFA, ETF) and Sprott Physical Gold and Silver Trust (CEF, ETF).

5-Year PerformanceCEF has outperformed HEFA, delivering a return of +19.4% compared to +14.4%

HEFA vs CEF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HEFA(ETF)	CEF(ETF)
Net Assets	$7.30B	$7.30B
Expense Ratio	0.35%	N/A
Max Drawdown	32.39%	62.40%
Sharpe Ratio	1.89	0.95
5Y Beta	0.73	0.45
5Y Dividends CAGR	17.50%	14.87%

Net Assets

HEFA

$7.30B

CEF

$7.30B

Expense Ratio

HEFA

0.35%

CEF

N/A

Max Drawdown

Winner

HEFA

32.39%

CEF

62.40%

Sharpe Ratio

Winner

HEFA

1.89

CEF

0.95

5Y Beta

HEFA

0.73

Winner

CEF

0.45

5Y Dividends CAGR

Winner

HEFA

17.50%

CEF

14.87%

HEFA vs CEF - Historical Returns

Returns include dividend reinvestment.

Period	HEFA	CEF
1 month	+2.78%	+5.83%
3 months	+9.00%	-12.33%
6 months	+10.26%	-11.10%
1 year	+30.45%	+38.70%
5 years(CAGR)	+14.38%	+19.40%
10 years(CAGR)	+12.98%	+11.86%
Max(CAGR)	+11.01%	+9.07%

HEFA

+2.78%

Winner

CEF

+5.83%

Winner

HEFA

+9.00%

CEF

-12.33%

Winner

HEFA

+10.26%

CEF

-11.10%

HEFA

+30.45%

Winner

CEF

+38.70%

5Y(CAGR)

HEFA

+14.38%

Winner

CEF

+19.40%

10Y(CAGR)

Winner

HEFA

+12.98%

CEF

+11.86%

Max(CAGR)

Winner

HEFA

+11.01%

CEF

+9.07%

HEFA vs CEF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	HEFA	CEF
2026	+15.48%	-5.55%
2025	+24.11%	+88.94%
2024	+13.79%	+24.79%
2023	+18.27%	+6.39%
2022	-5.86%	+2.17%
2021	+19.07%	-10.63%
2020	+0.72%	+31.10%
2019	+27.05%	+16.81%
2018	-9.58%	-7.38%
2017	+15.19%	+15.51%
2016	+8.06%	+11.32%
2015	+3.94%	-14.32%
2014	+6.13%	-14.41%
2013	N/A	-38.47%
2012	N/A	+3.29%
2011	N/A	-4.95%
2010	N/A	+47.63%
2009	N/A	+26.29%
2008	N/A	+1.28%
2007	N/A	+17.23%
2006	N/A	+31.89%
2005	N/A	+27.03%
2004	N/A	+3.58%
2003	N/A	+13.38%
2002	N/A	+41.46%
2001	N/A	+4.76%
2000	N/A	-17.45%
1999	N/A	-4.27%

HEFA vs CEF Drawdown Comparison

The maximum drawdown for HEFA was -32.39%, occurring on Mar 16, 2020. Recovery took 226 trading sessions.

The maximum drawdown for CEF was -62.29%, occurring on Dec 15, 2015. Recovery took 3313 trading sessions.

The current CEF drawdown is -26.40%.

Rank	HEFA	CEF
#1	-32.39% Feb 12, 2020 - Jan 5, 2021	-62.29% Aug 22, 2011 - Oct 22, 2024
#2	-23.14% May 27, 2015 - Mar 1, 2017	-44.69% Mar 17, 2008 - Nov 25, 2009
#3	-15.43% Jan 23, 2018 - Apr 12, 2019	-35.89% Nov 3, 1999 - May 6, 2002
#4	-14.77% Jan 4, 2022 - Jan 23, 2023	-34.12% Jan 29, 2026 - Jul 16, 2026
#5	-14.28% Feb 18, 2025 - May 12, 2025	-25.32% Feb 4, 2003 - Jan 9, 2004
#6	-9.79% Jul 12, 2024 - Oct 14, 2024	-23.64% May 11, 2006 - Oct 26, 2007
#7	-9.52% Feb 25, 2026 - May 21, 2026	-21.75% Apr 1, 2004 - Dec 7, 2005
#8	-9.48% Sep 4, 2014 - Nov 18, 2014	-20.52% Apr 27, 2011 - Aug 18, 2011
#9	-7.49% Dec 5, 2014 - Jan 26, 2015	-19.76% May 24, 2002 - Jan 27, 2003
#10	-6.87% Jul 3, 2019 - Sep 12, 2019	-17.97% Dec 2, 2009 - Aug 27, 2010
#11	-6.78% Jul 31, 2023 - Nov 24, 2023	-12.88% Dec 31, 2010 - Feb 18, 2011
#12	-5.83% Mar 3, 2023 - Apr 10, 2023	-11.21% Oct 16, 2025 - Nov 28, 2025
#13	-5.59% Nov 16, 2021 - Jan 3, 2022	-10.73% Oct 29, 2024 - Feb 5, 2025
#14	-4.97% Apr 29, 2019 - Jul 1, 2019	-9.13% Feb 2, 2006 - Mar 2, 2006
#15	-4.84% Jun 19, 2014 - Sep 4, 2014	-8.01% Apr 19, 2006 - May 4, 2006

Correlation

Correlation between HEFA and CEF is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.

0.91

-101

Dividend Comparison (2000 - 2026)

HEFA vs CEF dividend yield comparison.

Year	HEFA	CEF
2026	1.45%	0.00%
2025	4.40%	0.00%
2024	3.09%	0.00%
2023	3.02%	0.00%
2022	25.14%	0.00%
2021	3.06%	0.00%
2020	2.10%	0.00%
2019	7.56%	0.00%
2018	4.58%	0.08%
2017	2.55%	0.07%
2016	3.17%	0.09%
2015	3.54%	0.10%
2014	3.40%	0.09%
2013	0.00%	0.08%
2011	0.00%	0.05%
2010	0.00%	0.05%
2009	0.00%	0.07%
2008	0.00%	0.09%
2007	0.00%	0.09%
2006	0.00%	0.11%
2005	0.00%	0.15%
2004	0.00%	0.18%
2003	0.00%	0.19%
2002	0.00%	0.21%
2001	0.00%	0.30%
2000	0.00%	0.31%