AVSE vs. HEEM
Compare and contrast key facts about Avantis Responsible Emerging Markets Equity ETF (AVSE) and iShares Currency Hedged MSCI Emerging Markets ETF (HEEM).
AVSE and HEEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AVSE is a passively managed fund by Avantis that tracks the performance of the MSCI Emerging Markets Index. It was launched on Mar 28, 2022. HEEM is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets 100% USD Hedged Index. It was launched on Sep 23, 2014. Both AVSE and HEEM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
AVSE vs. HEEM - Performance Comparison
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AVSE vs. HEEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AVSE Avantis Responsible Emerging Markets Equity ETF | 2.54% | 32.54% | 8.29% | 16.01% | -13.85% |
HEEM iShares Currency Hedged MSCI Emerging Markets ETF | 6.21% | 34.02% | 12.59% | 10.14% | -11.60% |
Returns By Period
In the year-to-date period, AVSE achieves a 2.54% return, which is significantly lower than HEEM's 6.21% return.
AVSE
- 1D
- 3.40%
- 1M
- -10.20%
- YTD
- 2.54%
- 6M
- 6.65%
- 1Y
- 33.39%
- 3Y*
- 17.64%
- 5Y*
- —
- 10Y*
- —
HEEM
- 1D
- 3.58%
- 1M
- -6.72%
- YTD
- 6.21%
- 6M
- 13.27%
- 1Y
- 37.01%
- 3Y*
- 18.98%
- 5Y*
- 6.31%
- 10Y*
- 9.13%
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AVSE vs. HEEM - Expense Ratio Comparison
AVSE has a 0.33% expense ratio, which is lower than HEEM's 0.72% expense ratio.
Return for Risk
AVSE vs. HEEM — Risk / Return Rank
AVSE
HEEM
AVSE vs. HEEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Responsible Emerging Markets Equity ETF (AVSE) and iShares Currency Hedged MSCI Emerging Markets ETF (HEEM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AVSE | HEEM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.71 | 2.12 | -0.42 |
Sortino ratioReturn per unit of downside risk | 2.29 | 2.78 | -0.50 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.41 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.31 | 3.22 | -0.91 |
Martin ratioReturn relative to average drawdown | 9.39 | 12.72 | -3.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AVSE | HEEM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 2.12 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.38 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.40 | +0.18 |
Correlation
The correlation between AVSE and HEEM is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
AVSE vs. HEEM - Dividend Comparison
AVSE's dividend yield for the trailing twelve months is around 2.70%, less than HEEM's 3.74% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVSE Avantis Responsible Emerging Markets Equity ETF | 2.70% | 2.68% | 3.03% | 3.20% | 1.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HEEM iShares Currency Hedged MSCI Emerging Markets ETF | 3.74% | 3.98% | 2.38% | 2.75% | 7.49% | 1.93% | 1.49% | 3.04% | 2.37% | 2.05% | 1.84% | 6.28% |
Drawdowns
AVSE vs. HEEM - Drawdown Comparison
The maximum AVSE drawdown since its inception was -26.28%, smaller than the maximum HEEM drawdown of -33.53%. Use the drawdown chart below to compare losses from any high point for AVSE and HEEM.
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Drawdown Indicators
| AVSE | HEEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.28% | -33.53% | +7.25% |
Max Drawdown (1Y)Largest decline over 1 year | -14.17% | -11.42% | -2.75% |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.53% | — |
Current DrawdownCurrent decline from peak | -11.25% | -7.64% | -3.61% |
Average DrawdownAverage peak-to-trough decline | -7.01% | -11.28% | +4.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 2.89% | +0.60% |
Volatility
AVSE vs. HEEM - Volatility Comparison
Avantis Responsible Emerging Markets Equity ETF (AVSE) has a higher volatility of 9.94% compared to iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) at 8.92%. This indicates that AVSE's price experiences larger fluctuations and is considered to be riskier than HEEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVSE | HEEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.94% | 8.92% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 14.35% | 13.25% | +1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.67% | 17.52% | +2.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.48% | 16.55% | +0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.48% | 17.75% | -0.27% |