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HFXI vs IEFA: Differences, Returns & Fees

HFXI and IEFA hold 77% of their weight in the same names, and HFXI returned +21.6% over the year. Net assets: $2.0bn on Jul 31, 2026 for NYLIM FTSE International Equity Currency Neutral ETF, and $189.5bn on Oct 9, 2026 for iShares Core MSCI EAFE ETF.

IEFA costs 0.13 points a year less; their one-year returns differ by 7.7 points; IEFA is far larger, $190.1bn against $2.0bn.

HFXIIEFA
Expense ratio0.20%0.07%
Net assets, as of Jul 31, 2026$2.0bn$190.1bn
Total return, 1 year+21.6%+13.9%
What it tracksnot read by ETFIQMSCI EAFE IMI Index
Holdings in common77%
Top ten holdings, share of the fund16.3%12.2%
Below its high3.9%, high on Jun 22, 20264.8%, high on Aug 25, 2026

Holdings in common uses holdings dated Jul 31, 2026 and Oct 8, 2026.

+21.6%
HFXI total return, 1 year
+13.9%
IEFA total return, 1 year
0.20%
HFXI expense ratio
0.07%
IEFA expense ratio

What they hold in common

By the books each fund has filed, HFXI and IEFA hold 77% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jul 31, 2026 and Oct 8, 2026.

half

77% in common

Positions both hold, largest shared weight first
Holding HFXI IEFA
ASML HOLDING NV 2.43% 2.87%
HSBC HOLDINGS PLC 1.38% 1.26%
ROCHE HOLDING AG 1.22% 1.20%
NOVARTIS AG 1.12% 1.05%
SHELL PLC 0.98% 1.17%
ASTRAZENECA PLC 0.97% 0.96%
MITSUBISHI UFJ FINANCIAL GROUP INC 0.96% 0.95%
NESTLE' SA/AG 0.98% 0.95%
SIEMENS AG 0.92% 0.87%
BHP GROUP LTD 0.87% 0.88%
BANCO SANTANDER SA 0.78% 0.77%
SAP SE 0.72% 0.85%
Only in HFXI
SAMSUNG ELECTRONICS CO LTD 3.70%
SK HYNIX INC 2.61%
NOVO NORDISK A/S 0.57%
INVESTOR AB 0.38%
MUENCHENER RUECKVERSICHERUNGS-GESELLSCHAFT AG 0.30%
SK SQUARE CO LTD 0.29%
VOLVO AB 0.26%
ATLAS COPCO AB 0.21%
Only in IEFA
RECRUIT HOLDINGS LTD 0.58%
NOVO NORDISK CLASS B 0.49%
SPOTIFY TECHNOLOGY 0.31%
MUENCHENER RUECKVERSICHERUNGS-GESE 0.30%
INVESTOR CLASS B 0.28%
NORDEA BANK 0.23%
ATLAS COPCO CLASS A 0.21%
VOLVO CLASS B 0.19%

Check overlap with more funds →

On the same fields

HFXI
NYLIM FTSE International Equity Currency Neutral ETF
IEFA
iShares Core MSCI EAFE ETF
Where it sits Stock ETF Stock ETF
Issuer New York Life Investments iShares
What it is Tracks an index Tracks the MSCI EAFE
Total return, 1 year +21.6% +13.9%
S&P 500 over the same days +17.3% +17.3%
Gap to the S&P 500 +4.3 pts −3.3 pts
Expense ratio 0.20% 0.07%
Already in the S&P 500 0.0% 0.0%
Holdings 801 2628
Net assets, HFXI as of Jul 31, 2026 and IEFA as of Oct 9, 2026 $2.0bn $189.5bn

HFXI and IEFA on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

HFXI in plain words

HFXI tracks an index. Over the year to Oct 9, 2026 it returned +21.6% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.20% a year. By its holdings filed for Jul 31, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 801 positions, with the top ten at 16.3%. It sat 3.9% below its high of Jun 22, 2026 on Oct 9, 2026.

IEFA in plain words

IEFA tracks the MSCI EAFE. Over the year to Oct 9, 2026 it returned +13.9% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.07% a year. By its holdings published by its issuer for Oct 8, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 2,628 positions, with the top ten at 12.2%. It sat 4.8% below its high of Aug 25, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, HFXI or IEFA?
In the year to Oct 9, 2026, with distributions reinvested, HFXI returned +21.6% and IEFA +13.9%.
Which is cheaper, HFXI or IEFA?
IEFA is cheaper, by 0.13 percentage points a year. That is about $13 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do HFXI and IEFA overlap with the S&P 500?
By their latest filed holdings, 0% of HFXI and 0% of IEFA by weight is stocks the S&P 500 already holds.
Other comparisons
HFXI vs VXUSHFXI vs VEAHFXI vs VEUHFXI vs IDEVBKIE vs IEFAGSID vs IEFAIEFA vs VEAIEFA vs ILOW
HFXI on its own →IEFA on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
HFXI filings on SEC EDGAR ↗HFXI prospectus with the expense ratio (SEC) ↗New York Life Investments website ↗IEFA filings on SEC EDGAR ↗IEFA prospectus with the expense ratio (SEC) ↗iShares page for IEFA ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. 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.

Cite this pageCitation, APA and Markdown

ETFIQ, HFXI against IEFA, data as of Oct 9, 2026. https://etfiq.com/compare/any/hfxi-vs-iefa

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.