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
$ 1.2 B
ASSETS UNDER MGMT
20 bp
EXPENSES
Fund Basics
| Inception date | Jul 22, 2015 |
| Regulation | Open-End Investment Company |
| 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
| ASML HOLDING NV | 1.9 % |
| SAMSUNG ELECTRONICS CO LTD | 1.8 % |
| ROCHE HOLDING AG-BR | 1.4 % |
| ASTRAZENECA PLC | 1.2 % |
| HSBC HOLDINGS PLC | 1.2 % |
| NOVARTIS AG | 1.2 % |
| HYNIX SEMICONDUCTOR INC | 1.1 % |
| SAP AG | 1.1 % |
| NESTLE SA-REG | 1.1 % |
| TOYOTA MOTOR CORP | 1.0 % |
Constituent Breakdown
| Number of holdings | 817 |
| Herfindahl-Hirschman Index | 44 |
| Wgt avg mkt cap (mns) | $103,714 |
| Large cap (>$10bn) | 91.2% |
| Mid cap ($2-10bn) | 8.6% |
| Small cap (<$2bn) | 0.4% |
| Developed mkts. | 94.2% |
| Emerging mkts. | 6.7% |
Sector Breakdown
Country Exposure
 |
JAPAN | 23.0 % |
 |
BRITAIN | 13.6 % |
 |
SWITZERLAND | 9.2 % |
 |
FRANCE | 8.8 % |
 |
GERMANY | 8.6 % |
 |
AUSTRALIA | 6.5 % |
 |
SOUTH KOREA | 6.2 % |
 |
NETHERLANDS | 5.1 % |
 |
SPAIN | 3.5 % |
 |
SWEDEN | 3.1 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 12.7% | 31.5% | 18.7% | 17.1% | 9.6% | 8.2% | -- | 6.0% |
| Dividend Yield | 0.0% | 5.9% | 4.3% | 3.8% | 3.9% | 3.7% | -- | 3.5% |
| Total Returns | 12.7% | 37.4% | 23.0% | 20.9% | 13.4% | 11.9% | -- | 9.4% | Ann. Volatility | 11.1% | 15.3% | 13.7% | 13.0% | 14.2% | 16.4% | -- | 16.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.67 | 72% |
| MSCI EAFE | 0.90 | 93% |
| MSCI Emg Mkts | 0.69 | 66% |
Liquidity Measures
| Avg. volume (000) | 306 |
| ADV traded (mns) | $10 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.12% |
Technical Indicators
| 30d moving avg. (EMA) | $34.05 |
| Relative strength (RSI) | 42 |
| MACD/Signal | -0.54/-0.40 |
| Bollinger Bands (Upper/Lower) | $35.55/$32.28 |
| Short interest (% of AUM) | 0.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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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 | 86.2% | 0 bp | +0.0% |
| BBIN | JPMorgan BetaBuilders International Equity ETF | 86.0% | -13 bp | +0.2% |
| DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | 85.8% | +16 bp | -0.5% |
| BKIE | BNY Mellon International Equity ETF | 78.7% | -16 bp | +0.2% |
| EFA | iShares MSCI EAFE ETF | 78.5% | +15 bp | -0.1% |
| EFAX | SPDR MSCI EAFE Fossil Fuel Reserves Free ETF | 74.9% | 0 bp | -0.1% |
| IEFA | iShares Core MSCI EAFE ETF | 74.6% | -13 bp | +0.3% |
| SCHF | Schwab International Equity ETF | 70.4% | -14 bp | +0.3% |
| VEA | Vanguard FTSE Developed Markets ETF | 67.6% | -17 bp | +0.3% |
| IDEV | iShares Core MSCI International Developed Markets ETF | 67.1% | -16 bp | +0.2% |
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 4/3/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
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
6.6%
ALTAR SCORE™
53rd
PERCENTILE
NEUTRAL
ETFRC RATING
There are 344 funds in the International Equity category with an average
ALTAR Score™ of 6.5% and a standard deviation
of 1.6%. HFXI's ALTAR Score™ is approximately 0.1 standard
deviations above the category average. This places HFXI in the 53rd percentile
among funds in the category.
Sell-Side Consensus
$39.07
PRICE TARGET
+14.9%
UPSIDE