HEZU vs VOO
iShares Currency Hedged MSCI Eurozone ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. HEZU delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | HEZU | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.53% | 0.03% | |
| AUM | $568M | $979.0B | |
| Dividend Yield | 2.55% | 1.09% | |
| Holdings | 233 | 509 | |
| YTD Return | +15.60% | +13.72% | |
| 1Y Return | +27.31% | +21.63% | |
| 3Y Return (annualized) | +20.04% | +21.55% | |
| 5Y Return (annualized) | +13.09% | +13.26% | |
| Volatility (annualized) | 15.9% | 14.1% | |
| Max Drawdown | -38.8% | -34.3% | |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jul 9, 2014 | Sep 7, 2010 |
HEZU vs VOO Performance
iShares Currency Hedged MSCI Eurozone ETF (HEZU) is a ETF from iShares by BlackRock (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year HEZU returned +27.31% while VOO returned +21.63%. Year to date, HEZU is up 15.60% versus a gain of 13.72% for VOO.
Over three years, HEZU compounded at +20.04% per year against +21.55% for VOO; over five years the annualized figures are +13.09% and +13.26% respectively. Across the full 12-year window we track, VOO has the edge at +13.56% annualized vs +9.39%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HEZU has been the more volatile fund, with annualized monthly volatility of 15.9% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -38.8% for HEZU and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HEZU charges 0.53% per year while VOO charges 0.03%. On a $10,000 position that is $53 vs $3 annually, a gap of $50 per year that compounds over a long holding period. On income, HEZU currently yields 2.55% against 1.09% for VOO.
Holdings Overlap
HEZU and VOO share 0 holdings out of 517 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, HEZU or VOO?
HEZU has an expense ratio of 0.53% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $50 per year of difference.
Which performed better, HEZU or VOO?
Over the past year HEZU returned +27.31% vs +21.63% for VOO, so HEZU leads on 1-year performance. Over the longest common window we track (12 years), HEZU annualized +9.39% vs +13.56% for VOO. Past performance does not guarantee future results.
Which is riskier, HEZU or VOO?
HEZU has been the more volatile fund at 15.9% annualized versus 14.1% for VOO. Worst drawdown: HEZU -38.8% vs VOO -34.3%.
Should I hold both HEZU and VOO?
HEZU and VOO have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HEZU and VOO?
HEZU and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 517 unique securities.
Which pays a higher dividend, HEZU or VOO?
HEZU yields 2.55% while VOO yields 1.09%, so HEZU currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.