HFXI
IQ FTSE International Equity Currency Neutral ETF
The IQ 50 Percent Hedged FTSE International ETF tracks a vanilla index of large- and midcap companies located in developed nations outside of North America, with roughly half of its foreign currency exposure hedged into the U.S. dollar.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 2.1 B
ASSETS UNDER MGMT
20 bp
EXPENSES
Fund Basics
| Inception date | Jul 22, 2015 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | Yes |
| Fund of funds | No |
Top 10 Holdings
| SAMSUNG ELECTRONICS CO LTD | 4.0 % |
| SK HYNIX INC | 2.8 % |
| ASML HOLDING NV | 2.8 % |
| HSBC HOLDINGS PLC | 1.3 % |
| ROCHE HOLDING AG ORDINARY SHARES NEW | 1.2 % |
| NOVARTIS AG | 1.1 % |
| SHELL PLC | 1.1 % |
| ASTRAZENECA PLC | 1.0 % |
| MITSUBISHI UFJ FINANCIAL GRO | 1.0 % |
| SIEMENS AG-REG | 0.9 % |
Constituent Breakdown
| Number of holdings | 803 |
| Herfindahl-Hirschman Index | 64 |
| Wgt avg mkt cap (mns) | $170,874 |
| Large cap (>$10bn) | 89.1% |
| Mid cap ($2-10bn) | 6.6% |
| Small cap (<$2bn) | 0.2% |
| Developed mkts. | 86.5% |
| Emerging mkts. | 10.3% |
Sector Breakdown
Country Exposure
 |
JAPAN | 21.5 % |
 |
BRITAIN | 11.1 % |
 |
SOUTH KOREA | 10.2 % |
 |
GERMANY | 7.5 % |
 |
FRANCE | 7.3 % |
 |
SWITZERLAND | 7.1 % |
 |
AUSTRALIA | 6.2 % |
 |
NETHERLANDS | 5.6 % |
 |
SPAIN | 3.5 % |
 |
SWEDEN | 2.9 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 14.5% | 19.9% | 16.0% | 17.1% | 8.8% | 7.4% | -- | 5.8% |
| Dividend Yield | 1.0% | 3.8% | 3.7% | 3.5% | 3.6% | 3.5% | -- | 3.4% |
| Total Returns | 15.6% | 23.7% | 19.7% | 20.6% | 12.3% | 10.9% | -- | 9.2% | Ann. Volatility | 18.8% | 17.2% | 16.2% | 14.9% | 15.3% | 16.6% | -- | 16.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.05 | 63% |
| MSCI EAFE | 1.03 | 91% |
| MSCI Emg Mkts | 0.61 | 80% |
Liquidity Measures
| Avg. volume (000) | 448 |
| ADV traded (mns) | $17 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.10% |
Technical Indicators
| 30d moving avg. (EMA) | $37.66 |
| Relative strength (RSI) | 58 |
| MACD/Signal | 0.30/0.17 |
| Bollinger Bands (Upper/Lower) | $38.80/$36.35 |
| Short interest (% of AUM) | 0.3% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. HFXI |
Expenses vs. HFXI |
ALTAR Score™ vs. HFXI |
|---|---|---|---|---|
| GSID | Goldman Sachs MarketBeta International Equity ETF | 79.4% | 0 bp | -0.4% |
| DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | 78.9% | +16 bp | -0.6% |
| BBIN | JPMorgan BetaBuilders International Equity ETF | 78.3% | -13 bp | 0.0% |
| BKIE | BNY Mellon International Equity ETF | 76.8% | -16 bp | -0.2% |
| EFA | iShares MSCI EAFE ETF | 74.2% | +15 bp | -0.3% |
| HEFA | iShares Currency Hedged MSCI EAFE ETF | 74.0% | +15 bp | -0.6% |
| IEFA | iShares Core MSCI EAFE ETF | 72.8% | -13 bp | -0.1% |
| EFAX | SPDR MSCI EAFE Fossil Fuel Reserves Free ETF | 69.4% | 0 bp | -0.5% |
| SCHF | Schwab International Equity ETF | 68.6% | -14 bp | +0.0% |
| VEA | Vanguard FTSE Developed Markets ETF | 66.4% | -17 bp | +0.0% |
Risk and Returns: HFXI vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 10/10/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
6.9%
ALTAR SCORE™
59th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 419 funds in the International Equity category with an average
ALTAR Score™ of 6.5% and a standard deviation
of 1.5%. HFXI's ALTAR Score™ is approximately 0.2 standard
deviations above the category average. This places HFXI in the 59th percentile
among funds in the category.
Sell-Side Consensus
$46.76
PRICE TARGET
+26.3%
UPSIDE