ICVT vs HEFA

Comparison between ISHARES CONVERTIBLE BOND ETF (ICVT, ETF) and ISHARES CURRENCY HEDGED MSCI EAFE ETF (HEFA, ETF).

5-Year PerformanceHEFA has outperformed ICVT, delivering a return of +13.9% compared to +7.0%

ICVT vs HEFA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ICVT(ETF)	HEFA(ETF)
Net Assets	$7.10B	$7.10B
Expense Ratio	0.20%	0.35%
Max Drawdown	38.15%	32.39%
Sharpe Ratio	2.02	1.78
5Y Beta	0.60	0.74
5Y Dividends CAGR	-14.58%	20.05%

Net Assets

ICVT

$7.10B

HEFA

$7.10B

Expense Ratio

Winner

ICVT

0.20%

HEFA

0.35%

Max Drawdown

ICVT

38.15%

Winner

HEFA

32.39%

Sharpe Ratio

Winner

ICVT

2.02

HEFA

1.78

5Y Beta

Winner

ICVT

0.60

HEFA

0.74

5Y Dividends CAGR

ICVT

-14.58%

Winner

HEFA

20.05%

ICVT vs HEFA - Historical Returns

Returns include dividend reinvestment.

Period	ICVT	HEFA
1 month	+3.04%	+2.31%
3 months	+18.52%	+11.39%
6 months	+22.69%	+12.33%
1 year	+40.16%	+29.36%
5 years(CAGR)	+6.97%	+13.94%
10 years(CAGR)	+13.97%	+12.68%
Max(CAGR)	+11.92%	+10.75%

Winner

ICVT

+3.04%

HEFA

+2.31%

Winner

ICVT

+18.52%

HEFA

+11.39%

Winner

ICVT

+22.69%

HEFA

+12.33%

Winner

ICVT

+40.16%

HEFA

+29.36%

5Y(CAGR)

ICVT

+6.97%

Winner

HEFA

+13.94%

10Y(CAGR)

Winner

ICVT

+13.97%

HEFA

+12.68%

Max(CAGR)

Winner

ICVT

+11.92%

HEFA

+10.75%

ICVT vs HEFA - Annual Returns (2014 - 2026)

Returns include dividend reinvestment.

Year	ICVT	HEFA
2026	+22.51%	+10.72%
2025	+18.03%	+24.11%
2024	+11.71%	+13.79%
2023	+15.59%	+18.27%
2022	-20.76%	-5.86%
2021	-0.63%	+19.07%
2020	+59.30%	+0.72%
2019	+22.39%	+27.05%
2018	-1.05%	-9.58%
2017	+15.43%	+15.19%
2016	+11.50%	+8.06%
2015	-6.03%	+3.94%
2014	N/A	+6.13%

ICVT vs HEFA Drawdown Comparison

The maximum drawdown for ICVT was -33.15%, occurring on Jun 16, 2022. Recovery took 1145 trading sessions.

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

The current ICVT drawdown is -1.95%. The current HEFA drawdown is -1.61%.

Rank	ICVT	HEFA
#1	-33.15% Feb 12, 2021 - Sep 5, 2025	-32.39% Feb 12, 2020 - Jan 5, 2021
#2	-32.18% Feb 19, 2020 - Jun 5, 2020	-23.14% May 27, 2015 - Mar 1, 2017
#3	-18.52% Jun 23, 2015 - Oct 10, 2016	-15.43% Jan 23, 2018 - Apr 12, 2019
#4	-13.86% Aug 29, 2018 - Feb 25, 2019	-14.77% Jan 4, 2022 - Jan 23, 2023
#5	-8.63% Sep 1, 2020 - Oct 9, 2020	-14.28% Feb 18, 2025 - May 12, 2025
#6	-7.55% Nov 3, 2025 - Jan 16, 2026	-9.79% Jul 12, 2024 - Oct 14, 2024
#7	-6.75% Jan 26, 2018 - Mar 8, 2018	-9.52% Feb 25, 2026 - May 21, 2026
#8	-6.74% Jun 2, 2026 - Jun 18, 2026	-9.48% Sep 4, 2014 - Nov 18, 2014
#9	-6.55% Jul 24, 2019 - Nov 25, 2019	-7.49% Dec 5, 2014 - Jan 26, 2015
#10	-6.17% Jan 28, 2026 - Apr 8, 2026	-6.87% Jul 3, 2019 - Sep 12, 2019
#11	-5.84% Mar 12, 2018 - May 30, 2018	-6.78% Jul 31, 2023 - Nov 24, 2023
#12	-5.49% May 3, 2019 - Jul 1, 2019	-5.83% Mar 3, 2023 - Apr 10, 2023
#13	-4.87% Jun 8, 2020 - Jun 17, 2020	-5.59% Nov 16, 2021 - Jan 3, 2022
#14	-4.66% Oct 13, 2020 - Nov 5, 2020	-4.97% Apr 29, 2019 - Jul 1, 2019
#15	-4.43% Jun 20, 2018 - Aug 28, 2018	-4.84% Jun 19, 2014 - Sep 4, 2014

Correlation

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

0.91

-101

Dividend Comparison (2014 - 2026)

ICVT vs HEFA dividend yield comparison.

Year	ICVT	HEFA
2026	0.51%	0.00%
2025	1.73%	4.40%
2024	2.19%	3.09%
2023	1.85%	3.02%
2022	1.93%	25.14%
2021	7.70%	3.06%
2020	3.98%	2.10%
2019	1.86%	7.56%
2018	4.82%	4.58%
2017	2.56%	2.55%
2016	3.06%	3.17%
2015	1.57%	3.54%
2014	0.00%	3.40%