HEFA vs THRO
Comparison between ISHARES CURRENCY HEDGED MSCI EAFE ETF (HEFA, ETF) and BlackRock Future U.S. Themes ETF (THRO, ETF).
5-Year PerformanceHEFA has outperformed THRO, delivering a return of +13.9% compared to +13.1%
HEFA vs THRO - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
HEFA
$7.10B
THRO
$7.10B
Expense Ratio
Winner
HEFA
0.35%
THRO
0.57%
Max Drawdown
HEFA
32.39%
Winner
THRO
26.97%
Sharpe Ratio
Winner
HEFA
1.78
THRO
1.38
5Y Beta
Winner
HEFA
0.74
THRO
1.01
P/E Ratio
HEFA
N/A
THRO
27.47
Forward P/E
HEFA
N/A
THRO
21.34
PEG Ratio
HEFA
N/A
THRO
0.50
5Y Dividends CAGR
HEFA
20.05%
THRO
N/A
5Y EPS CAGR
HEFA
N/A
THRO
25.56%
Debt to Equity
HEFA
N/A
THRO
44.55%
P/S Ratio
HEFA
N/A
THRO
3.24
P/B Ratio
HEFA
N/A
THRO
6.14
HEFA vs THRO - Holdings Comparison
HEFA and THRO have 1 common holdings. Overlap is -35.17%
HEFA's top 25 holdings weight is 173.26%. THRO's top 25 holdings weight is 68.00%.
| Rank | HEFA | THRO |
|---|---|---|
| #1 | ISHARES MSCI EAFE ETF (EFA) - 99.25% | APPLE INC (AAPL) - 8.03% |
| #2 | EUR/USD PURCHASED (n/a) - 35.17% | NVIDIA CORP (NVDA) - 7.57% |
| #3 | JPY/USD PURCHASED (n/a) - 23.62% | MICROSOFT CORP (MSFT) - 5.30% |
| #4 | GBP/USD PURCHASED (n/a) - 14.47% | AMAZON.COM INC (AMZN) - 4.98% |
| #5 | CHF/USD PURCHASED (n/a) - 9.47% | ALPHABET INC CLASS A (GOOGL) - 4.50% |
| #6 | AUD/USD PURCHASED (n/a) - 6.65% | JPMORGAN CHASE & CO (JPM) - 3.25% |
| #7 | SEK/USD PURCHASED (n/a) - 3.30% | MICRON TECHNOLOGY INC (MU) - 3.13% |
| #8 | HKD/USD PURCHASED (n/a) - 1.84% | BROADCOM INC (AVGO) - 2.92% |
| #9 | DKK/USD PURCHASED (n/a) - 1.70% | ALPHABET INC CLASS C (GOOG) - 2.46% |
| #10 | SGD/USD PURCHASED (n/a) - 1.46% | CATERPILLAR INC (CAT) - 2.41% |
| #11 | ILS/USD PURCHASED (n/a) - 0.94% | WALMART INC (WMT) - 2.19% |
| #12 | CASH OFFSET (n/a) - 0.69% | APPLIED MATERIALS INC (AMAT) - 2.05% |
| #13 | NOK/USD PURCHASED (n/a) - 0.67% | EXXON MOBIL CORP (XOM) - 2.01% |
| #14 | NZD/USD PURCHASED (n/a) - 0.18% | JOHNSON & JOHNSON (JNJ) - 1.82% |
| #15 | BLACKROCK CASH FUNDS TREASURY SL AGENCY (n/a) - 0.05% | VISA INC CLASS A (V) - 1.74% |
| #16 | USD CASH (n/a) - 0.02% | CISCO SYSTEMS INC (CSCO) - 1.63% |
| #17 | NZD/USD SOLD (n/a) - -0.18% | RTX CORP (RTX) - 1.60% |
| #18 | NOK/USD SOLD (n/a) - -0.67% | PROCTER & GAMBLE CO (PG) - 1.58% |
| #19 | ILS/USD SOLD (n/a) - -0.94% | INTEL CORP (INTC) - 1.38% |
| #20 | SGD/USD SOLD (n/a) - -1.46% | TJX COMPANIES INC (TJX) - 1.36% |
| #21 | DKK/USD SOLD (n/a) - -1.70% | ADVANCED MICRO DEVICES INC (AMD) - 1.34% |
| #22 | HKD/USD SOLD (n/a) - -1.84% | TESLA INC (TSLA) - 1.33% |
| #23 | SEK/USD SOLD (n/a) - -3.30% | NORTHROP GRUMMAN CORP (NOC) - 1.24% |
| #24 | AUD/USD SOLD (n/a) - -6.65% | META PLATFORMS INC CLASS A (META) - 1.19% |
| #25 | CHF/USD SOLD (n/a) - -9.48% | PFIZER INC (PFE) - 0.99% |
| Total Holdings | 28 | 242 |
HEFA vs THRO - Historical Returns
Returns include dividend reinvestment.
1M
Winner
HEFA
+2.31%
THRO
-0.59%
3M
HEFA
+11.39%
Winner
THRO
+15.66%
6M
Winner
HEFA
+12.33%
THRO
+8.78%
1Y
Winner
HEFA
+29.36%
THRO
+23.17%
5Y(CAGR)
Winner
HEFA
+13.94%
THRO
+13.13%
10Y(CAGR)
HEFA
+12.68%
THRO
N/A
Max(CAGR)
HEFA
+10.75%
Winner
THRO
+13.13%
HEFA vs THRO - Annual Returns (2014 - 2026)
Returns include dividend reinvestment.
| Year | HEFA | THRO |
|---|---|---|
| 2026 | +10.72% | +9.85% |
| 2025 | +24.11% | +15.04% |
| 2024 | +13.79% | +33.44% |
| 2023 | +18.27% | +25.34% |
| 2022 | -5.86% | -17.91% |
| 2021 | +19.07% | +2.14% |
| 2020 | +0.72% | N/A |
| 2019 | +27.05% | N/A |
| 2018 | -9.58% | N/A |
| 2017 | +15.19% | N/A |
| 2016 | +8.06% | N/A |
| 2015 | +3.94% | N/A |
| 2014 | +6.13% | N/A |
HEFA vs THRO Drawdown Comparison
The maximum drawdown for HEFA was -32.39%, occurring on Mar 16, 2020. Recovery took 226 trading sessions.
The maximum drawdown for THRO was -26.54%, occurring on Sep 30, 2022. Recovery took 494 trading sessions.
The current HEFA drawdown is -1.61%. The current THRO drawdown is -2.91%.
| Rank | HEFA | THRO |
|---|---|---|
| #1 | -32.39% Feb 12, 2020 - Jan 5, 2021 | -26.54% Dec 27, 2021 - Dec 13, 2023 |
| #2 | -23.14% May 27, 2015 - Mar 1, 2017 | -19.07% Jan 23, 2025 - Jun 30, 2025 |
| #3 | -15.43% Jan 23, 2018 - Apr 12, 2019 | -10.87% Jan 27, 2026 - Apr 15, 2026 |
| #4 | -14.77% Jan 4, 2022 - Jan 23, 2023 | -9.28% Jul 16, 2024 - Aug 23, 2024 |
| #5 | -14.28% Feb 18, 2025 - May 12, 2025 | -6.49% Mar 22, 2024 - May 15, 2024 |
| #6 | -9.79% Jul 12, 2024 - Oct 14, 2024 | -5.40% Oct 29, 2025 - Dec 23, 2025 |
| #7 | -9.52% Feb 25, 2026 - May 21, 2026 | -5.36% Aug 23, 2024 - Sep 19, 2024 |
| #8 | -9.48% Sep 4, 2014 - Nov 18, 2014 | -5.01% Jun 2, 2026 - Jun 10, 2026 |
| #9 | -7.49% Dec 5, 2014 - Jan 26, 2015 | -4.87% Dec 4, 2024 - Jan 22, 2025 |
| #10 | -6.87% Jul 3, 2019 - Sep 12, 2019 | -3.12% Oct 18, 2024 - Nov 6, 2024 |
| #11 | -6.78% Jul 31, 2023 - Nov 24, 2023 | -2.91% Oct 8, 2025 - Oct 24, 2025 |
| #12 | -5.83% Mar 3, 2023 - Apr 10, 2023 | -2.80% Jan 12, 2026 - Jan 27, 2026 |
| #13 | -5.59% Nov 16, 2021 - Jan 3, 2022 | -2.69% Dec 26, 2023 - Jan 10, 2024 |
| #14 | -4.97% Apr 29, 2019 - Jul 1, 2019 | -2.52% Nov 8, 2024 - Nov 25, 2024 |
| #15 | -4.84% Jun 19, 2014 - Sep 4, 2014 | -2.39% Jul 28, 2025 - Aug 8, 2025 |
Correlation
Correlation between HEFA and THRO is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.
0.97
-101
Dividend Comparison (2014 - 2026)
HEFA vs THRO dividend yield comparison.
| Year | HEFA | THRO |
|---|---|---|
| 2026 | 0.00% | 0.15% |
| 2025 | 4.40% | 0.15% |
| 2024 | 3.09% | 0.73% |
| 2023 | 3.02% | 0.55% |
| 2022 | 25.14% | 0.90% |
| 2021 | 3.06% | 0.00% |
| 2020 | 2.10% | 0.00% |
| 2019 | 7.56% | 0.00% |
| 2018 | 4.58% | 0.00% |
| 2017 | 2.55% | 0.00% |
| 2016 | 3.17% | 0.00% |
| 2015 | 3.54% | 0.00% |
| 2014 | 3.40% | 0.00% |
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