DFEV vs. HEEM
Compare and contrast key facts about Dimensional Emerging Markets Value ETF (DFEV) and iShares Currency Hedged MSCI Emerging Markets ETF (HEEM).
DFEV and HEEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DFEV is an actively managed fund by Dimensional. It was launched on Apr 26, 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.
Performance
DFEV vs. HEEM - Performance Comparison
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DFEV vs. HEEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DFEV Dimensional Emerging Markets Value ETF | 6.14% | 32.54% | 7.26% | 15.52% | -6.71% |
HEEM iShares Currency Hedged MSCI Emerging Markets ETF | 6.21% | 34.02% | 12.59% | 10.14% | -5.49% |
Returns By Period
The year-to-date returns for both investments are quite close, with DFEV having a 6.14% return and HEEM slightly higher at 6.21%.
DFEV
- 1D
- 2.88%
- 1M
- -8.08%
- YTD
- 6.14%
- 6M
- 12.96%
- 1Y
- 36.04%
- 3Y*
- 19.02%
- 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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DFEV vs. HEEM - Expense Ratio Comparison
DFEV has a 0.43% expense ratio, which is lower than HEEM's 0.72% expense ratio.
Return for Risk
DFEV vs. HEEM — Risk / Return Rank
DFEV
HEEM
DFEV vs. HEEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional Emerging Markets Value ETF (DFEV) 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.
| DFEV | HEEM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.05 | 2.12 | -0.08 |
Sortino ratioReturn per unit of downside risk | 2.63 | 2.78 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.41 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.75 | 3.22 | -0.46 |
Martin ratioReturn relative to average drawdown | 11.33 | 12.72 | -1.39 |
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
| DFEV | HEEM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | 2.12 | -0.08 |
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 | 0.83 | 0.40 | +0.43 |
Correlation
The correlation between DFEV and HEEM is 0.89, 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
DFEV vs. HEEM - Dividend Comparison
DFEV's dividend yield for the trailing twelve months is around 2.47%, less than HEEM's 3.74% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFEV Dimensional Emerging Markets Value ETF | 2.47% | 2.69% | 3.17% | 3.47% | 3.35% | 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
DFEV vs. HEEM - Drawdown Comparison
The maximum DFEV drawdown since its inception was -18.49%, smaller than the maximum HEEM drawdown of -33.53%. Use the drawdown chart below to compare losses from any high point for DFEV and HEEM.
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Drawdown Indicators
| DFEV | HEEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.49% | -33.53% | +15.04% |
Max Drawdown (1Y)Largest decline over 1 year | -12.98% | -11.42% | -1.56% |
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 | -8.81% | -7.64% | -1.17% |
Average DrawdownAverage peak-to-trough decline | -4.77% | -11.28% | +6.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 2.89% | +0.27% |
Volatility
DFEV vs. HEEM - Volatility Comparison
Dimensional Emerging Markets Value ETF (DFEV) and iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) have volatilities of 9.05% and 8.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFEV | HEEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.05% | 8.92% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 12.83% | 13.25% | -0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.70% | 17.52% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.99% | 16.55% | -0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.99% | 17.75% | -1.76% |