Data as of Nov 4, 2026.
APIE vs HEFA: Differences, Returns & Fees
Over the year to Nov 4, 2026, APIE returned +11.9% to HEFA's +21.4%; 0% of their weight is in the same names.
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Net assets: $1.2bn on Aug 31, 2026 for ActivePassive International Equity ETF, and $7.5bn on Nov 3, 2026 for iShares Currency Hedged MSCI EAFE ETF.
Pair scorecard
HEFA costs 0.10 points a year less; their one-year returns differ by 9.5 points.
| Measure | APIE | HEFA |
|---|---|---|
| Return | ||
| Total return, 1 year | +11.9% | +21.4% |
| Drawdown | ||
| Below its high | 4.1%, high on Aug 10, 2026 | |
| Benchmark | ||
| What it tracks | No index, actively managed | MSCI EAFE 100% Hedged to USD Index |
| Cost and size | ||
| Expense ratio | 0.45% | 0.35% |
| Net assets, APIE as of Aug 31, 2026 and HEFA as of Nov 3, 2026 | $1.2bn | $7.5bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 23.4% | 99.9% |
What they share
By the books each fund has filed, APIE and HEFA hold 0% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 2026.
half
0% in common
Only in one fund ↓
Side by side
APIE and HEFA on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.
Client brief:
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APIE
APIE is actively managed and tracks no index. Over the year to Nov 4, 2026 it returned +11.9% with distributions reinvested. The prospectus expense ratio is 0.45% a year. By its holdings filed for Aug 31, 2026, 1% of the fund by weight is stocks the S&P 500 also holds, across 547 positions, with the top ten at 23.4%. It sat 4.1% below its high of Aug 10, 2026 on Nov 4, 2026.
HEFA
HEFA tracks an index. Over the year to Nov 4, 2026 it returned +21.4% with distributions reinvested, against +16.9% for its benchmark, the MSCI ACWI ex USA Index. The prospectus expense ratio is 0.35% a year. By its holdings published by its issuer for Nov 3, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 62 positions, with the top ten at 99.9%.
Questions people ask
- Which returned more over the last year, APIE or HEFA?
- In the year to Nov 4, 2026, with distributions reinvested, APIE returned +11.9% and HEFA +21.4%.
- Which is cheaper, APIE or HEFA?
- HEFA is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, APIE against HEFA, data as of Nov 4, 2026. https://etfiq.com/compare/any/apie-vs-hefa
ETFIQ. (Nov 4, 2026). APIE against HEFA. Retrieved from https://etfiq.com/compare/any/apie-vs-hefa
[APIE against HEFA (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/any/apie-vs-hefa)
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