iShares Currency Hedged MSCI Emerging Markets ETF (HEEM)
HEEM is a passive ETF by iShares tracking the investment results of the MSCI Emerging Markets 100% USD Hedged Index. HEEM launched on Sep 23, 2014 and has a 0.68% expense ratio.
ETF Info
US46434G5099
46434G509
Sep 23, 2014
Broad Asia (Pacific ex-Japan)
1x
MSCI Emerging Markets 100% USD Hedged Index
Large-Cap
Blend
Expense Ratio
HEEM features an expense ratio of 0.68%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in iShares Currency Hedged MSCI Emerging Markets ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
iShares Currency Hedged MSCI Emerging Markets ETF had a return of 12.72% year-to-date (YTD) and 14.00% in the last 12 months. Over the past 10 years, iShares Currency Hedged MSCI Emerging Markets ETF had an annualized return of 4.53%, while the S&P 500 had an annualized return of 11.06%, indicating that iShares Currency Hedged MSCI Emerging Markets ETF did not perform as well as the benchmark.
HEEM
12.72%
-0.17%
1.90%
14.00%
3.56%
4.53%
^GSPC (Benchmark)
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
Monthly Returns
The table below presents the monthly returns of HEEM, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -3.13% | 3.91% | 3.69% | 0.83% | 1.83% | 2.89% | 1.01% | 0.11% | 4.41% | -1.53% | -1.59% | 12.72% | |
| 2023 | 8.07% | -5.49% | 2.60% | -0.50% | -1.81% | 4.48% | 4.99% | -5.40% | -2.19% | -3.02% | 6.33% | 2.78% | 10.15% |
| 2022 | -0.09% | -3.25% | -3.89% | -3.81% | -0.11% | -3.18% | -0.20% | -0.32% | -9.20% | -1.59% | 12.18% | -3.52% | -16.84% |
| 2021 | 3.97% | 1.00% | -0.06% | 0.28% | 0.77% | 1.43% | -5.93% | 1.42% | -2.90% | 0.82% | -3.64% | 0.67% | -2.55% |
| 2020 | -4.53% | -2.57% | -13.40% | 7.27% | 3.15% | 5.55% | 7.79% | 2.45% | -0.96% | 0.60% | 8.15% | 5.36% | 17.94% |
| 2019 | 9.29% | -0.32% | 1.59% | 2.39% | -6.36% | 4.26% | -1.52% | -2.06% | 1.11% | 3.05% | 0.99% | 5.56% | 18.53% |
| 2018 | 7.02% | -5.18% | 0.19% | -0.82% | -1.01% | -3.18% | 2.82% | -1.80% | -1.32% | -7.66% | 3.93% | -3.78% | -11.09% |
| 2017 | 3.72% | 1.23% | 2.20% | 1.67% | 2.51% | 1.60% | 4.30% | 2.44% | 0.70% | 3.45% | -1.05% | 1.95% | 27.59% |
| 2016 | -3.50% | -1.14% | 8.39% | -0.48% | -1.02% | 1.91% | 4.14% | 1.49% | 1.43% | -0.66% | -1.93% | -0.31% | 8.07% |
| 2015 | 0.13% | 4.32% | -0.57% | 4.94% | -2.97% | -3.08% | -4.12% | -7.22% | -1.59% | 4.19% | -0.87% | -2.96% | -10.05% |
| 2014 | -0.95% | 1.66% | 0.53% | -2.31% | -1.11% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of HEEM is 53, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
iShares Currency Hedged MSCI Emerging Markets ETF provided a 2.38% dividend yield over the last twelve months, with an annual payout of $0.64 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.64 | $0.68 | $1.72 | $0.35 | $0.46 | $0.80 | $0.55 | $0.54 | $0.39 | $1.26 | $0.48 |
Dividend yield | 2.38% | 2.75% | 7.49% | 1.19% | 1.49% | 3.04% | 2.37% | 2.05% | 1.84% | 6.28% | 2.04% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares Currency Hedged MSCI Emerging Markets ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.00 | $0.00 | $0.46 | $0.64 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.00 | $0.00 | $0.47 | $0.68 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.00 | $0.00 | $1.49 | $1.72 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.35 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.46 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.00 | $0.00 | $0.57 | $0.80 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.55 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.00 | $0.00 | $0.41 | $0.54 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.39 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.00 | $0.00 | $1.08 | $1.26 |
| 2014 | $0.48 | $0.48 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the iShares Currency Hedged MSCI Emerging Markets ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares Currency Hedged MSCI Emerging Markets ETF was 34.02%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current iShares Currency Hedged MSCI Emerging Markets ETF drawdown is 10.82%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -34.02% | Feb 18, 2021 | 425 | Oct 24, 2022 | — | — | — |
| -28.81% | Jan 29, 2018 | 541 | Mar 23, 2020 | 94 | Aug 5, 2020 | 635 |
| -27.59% | Apr 28, 2015 | 185 | Jan 20, 2016 | 371 | Jul 11, 2017 | 556 |
| -8.71% | Nov 24, 2014 | 15 | Dec 16, 2014 | 22 | Jan 22, 2015 | 37 |
| -5.7% | Aug 27, 2020 | 20 | Sep 24, 2020 | 12 | Oct 12, 2020 | 32 |
Volatility
Volatility Chart
The current iShares Currency Hedged MSCI Emerging Markets ETF volatility is 3.47%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.