Israeli Shekel (ILS) Value: A stronger ILS increases the ETF's USD value, as underlying assets are worth more in USD. Conversely, a weaker ILS decreases the ETF's USD value.

Performance of Israeli Companies: The ETF's price reflects the collective performance of the Israeli companies it holds. Positive earnings reports or growth prospects can drive the price up, while negative news can pull it down.

Interest Rates in Israel: Higher interest rates in Israel can attract foreign investment, potentially strengthening the ILS and boosting the ETF. Lower rates can have the opposite effect.

Global Economic Conditions: Global economic factors, like recessions or trade wars, can impact investor sentiment towards Israeli markets, influencing demand for the ETF and its price.

Political and Geopolitical Events: Political instability or geopolitical tensions in Israel can increase risk aversion, leading to selling pressure on the ETF and a price decrease. Stability can encourage investment.

Inflation in Israel: High inflation can erode the value of Israeli assets and the ILS, potentially negatively impacting the ETF's price. Lower inflation is generally viewed favorably.

ETF Supply and Demand: Increased demand for ISRHF.US relative to its supply drives the price up. Higher supply relative to demand results in a price decrease.

Management Fees and Expenses: The ETF's expense ratio directly impacts its returns. Higher fees reduce returns, potentially making it less attractive to investors compared to similar ETFs with lower fees.