INDA vs HEFA

Comparison between ISHARES MSCI INDIA ETF (INDA, ETF) and ISHARES CURRENCY HEDGED MSCI EAFE ETF (HEFA, ETF).

5-Year PerformanceHEFA has outperformed INDA, delivering a return of +13.4% compared to +4.6%

INDA vs HEFA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	INDA(ETF)	HEFA(ETF)
Net Assets	$6.70B	$6.80B
Expense Ratio	0.61%	0.35%
Max Drawdown	46.14%	32.39%
Sharpe Ratio	-0.60	1.69
5Y Beta	0.46	0.74
5Y Dividends CAGR	-8.35%	20.05%

Net Assets

INDA

$6.70B

Winner

HEFA

$6.80B

Expense Ratio

INDA

0.61%

Winner

HEFA

0.35%

Max Drawdown

INDA

46.14%

Winner

HEFA

32.39%

Sharpe Ratio

INDA

-0.60

Winner

HEFA

1.69

5Y Beta

Winner

INDA

0.46

HEFA

0.74

5Y Dividends CAGR

INDA

-8.35%

Winner

HEFA

20.05%

INDA vs HEFA - Historical Returns

Returns include dividend reinvestment.

Period	INDA	HEFA
1 month	+1.16%	+0.59%
3 months	-6.74%	+1.36%
6 months	-7.27%	+12.69%
1 year	-3.30%	+26.98%
5 years(CAGR)	+4.64%	+13.44%
10 years(CAGR)	+7.61%	+12.60%
Max(CAGR)	+5.54%	+10.53%

Winner

INDA

+1.16%

HEFA

+0.59%

INDA

-6.74%

Winner

HEFA

+1.36%

INDA

-7.27%

Winner

HEFA

+12.69%

INDA

-3.30%

Winner

HEFA

+26.98%

5Y(CAGR)

INDA

+4.64%

Winner

HEFA

+13.44%

10Y(CAGR)

INDA

+7.61%

Winner

HEFA

+12.60%

Max(CAGR)

INDA

+5.54%

Winner

HEFA

+10.53%

INDA vs HEFA - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	INDA	HEFA
2026	-8.65%	+6.69%
2025	+1.22%	+24.11%
2024	+8.95%	+13.79%
2023	+16.71%	+18.27%
2022	-10.39%	-5.86%
2021	+21.22%	+19.07%
2020	+13.44%	+0.72%
2019	+7.78%	+27.05%
2018	-6.87%	-9.58%
2017	+35.47%	+15.19%
2016	+0.48%	+8.06%
2015	-8.46%	+3.94%
2014	+27.77%	+6.13%
2013	-6.75%	N/A
2012	-1.36%	N/A

INDA vs HEFA Drawdown Comparison

The maximum drawdown for INDA was -45.08%, occurring on Mar 23, 2020. Recovery took 720 trading sessions.

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

The current INDA drawdown is -15.19%. The current HEFA drawdown is -1.13%.

Rank	INDA	HEFA
#1	-45.08% Jan 23, 2018 - Dec 1, 2020	-32.39% Feb 12, 2020 - Jan 5, 2021
#2	-29.62% Feb 1, 2013 - May 12, 2014	-23.14% May 27, 2015 - Mar 1, 2017
#3	-28.72% Mar 3, 2015 - Jun 2, 2017	-15.43% Jan 23, 2018 - Apr 12, 2019
#4	-26.46% Feb 21, 2012 - Jan 18, 2013	-14.77% Jan 4, 2022 - Jan 23, 2023
#5	-22.72% Sep 26, 2024 - Mar 30, 2026	-14.28% Feb 18, 2025 - May 12, 2025
#6	-21.57% Jan 12, 2022 - Dec 18, 2023	-9.79% Jul 12, 2024 - Oct 14, 2024
#7	-11.64% Nov 21, 2014 - Jan 20, 2015	-9.52% Feb 25, 2026 - Mar 20, 2026
#8	-9.73% Mar 11, 2021 - May 26, 2021	-9.48% Sep 4, 2014 - Nov 18, 2014
#9	-8.56% Nov 12, 2021 - Jan 11, 2022	-7.49% Dec 5, 2014 - Jan 26, 2015
#10	-7.29% Aug 4, 2017 - Oct 27, 2017	-6.87% Jul 3, 2019 - Sep 12, 2019
#11	-7.23% Sep 5, 2014 - Nov 18, 2014	-6.78% Jul 31, 2023 - Nov 24, 2023
#12	-6.79% Jan 20, 2021 - Feb 3, 2021	-5.83% Mar 3, 2023 - Apr 10, 2023
#13	-6.09% Jun 3, 2024 - Jun 14, 2024	-5.59% Nov 16, 2021 - Jan 3, 2022
#14	-5.48% Nov 6, 2017 - Dec 20, 2017	-4.97% Apr 29, 2019 - Jul 1, 2019
#15	-4.92% Aug 12, 2014 - Sep 5, 2014	-4.84% Jun 19, 2014 - Sep 4, 2014

Correlation

Correlation between INDA and HEFA is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.

0.93

-101

Dividend Comparison (2012 - 2025)

INDA vs HEFA dividend yield comparison.

Year	INDA	HEFA
2025	0.00%	4.40%
2024	0.76%	3.09%
2023	0.16%	3.02%
2022	0.00%	25.14%
2021	6.44%	3.06%
2020	0.27%	2.10%
2019	0.99%	7.56%
2018	0.94%	4.58%
2017	1.09%	2.55%
2016	0.90%	3.17%
2015	1.19%	3.54%
2014	0.63%	3.40%
2013	0.61%	0.00%
2012	0.41%	0.00%