EMC vs. HEEM
Compare and contrast key facts about Global X Emerging Markets Great Consumer ETF (EMC) and iShares Currency Hedged MSCI Emerging Markets ETF (HEEM).
EMC and HEEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMC is an actively managed fund by Global X. It was launched on Sep 24, 2010. 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
EMC vs. HEEM - Performance Comparison
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EMC vs. HEEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EMC Global X Emerging Markets Great Consumer ETF | 0.47% | 18.91% | 3.75% | 1.90% |
HEEM iShares Currency Hedged MSCI Emerging Markets ETF | 6.21% | 34.02% | 12.59% | 5.37% |
Returns By Period
In the year-to-date period, EMC achieves a 0.47% return, which is significantly lower than HEEM's 6.21% return.
EMC
- 1D
- 3.61%
- 1M
- -9.47%
- YTD
- 0.47%
- 6M
- -0.44%
- 1Y
- 18.96%
- 3Y*
- —
- 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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EMC vs. HEEM - Expense Ratio Comparison
EMC has a 0.75% expense ratio, which is higher than HEEM's 0.72% expense ratio.
Return for Risk
EMC vs. HEEM — Risk / Return Rank
EMC
HEEM
EMC vs. HEEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Emerging Markets Great Consumer ETF (EMC) 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.
| EMC | HEEM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 2.12 | -1.22 |
Sortino ratioReturn per unit of downside risk | 1.38 | 2.78 | -1.41 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.41 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 1.34 | 3.22 | -1.88 |
Martin ratioReturn relative to average drawdown | 5.02 | 12.72 | -7.69 |
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
| EMC | HEEM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 2.12 | -1.22 |
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 | 0.48 | 0.40 | +0.08 |
Correlation
The correlation between EMC and HEEM is 0.90, 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
EMC vs. HEEM - Dividend Comparison
EMC's dividend yield for the trailing twelve months is around 0.78%, less than HEEM's 3.74% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMC Global X Emerging Markets Great Consumer ETF | 0.78% | 0.78% | 1.13% | 0.89% | 0.00% | 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
EMC vs. HEEM - Drawdown Comparison
The maximum EMC drawdown since its inception was -18.38%, smaller than the maximum HEEM drawdown of -33.53%. Use the drawdown chart below to compare losses from any high point for EMC and HEEM.
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Drawdown Indicators
| EMC | HEEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.38% | -33.53% | +15.15% |
Max Drawdown (1Y)Largest decline over 1 year | -13.89% | -11.42% | -2.47% |
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 | -10.78% | -7.64% | -3.14% |
Average DrawdownAverage peak-to-trough decline | -4.20% | -11.28% | +7.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 2.89% | +0.82% |
Volatility
EMC vs. HEEM - Volatility Comparison
Global X Emerging Markets Great Consumer ETF (EMC) has a higher volatility of 10.57% compared to iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) at 8.92%. This indicates that EMC'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
| EMC | HEEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.57% | 8.92% | +1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 15.31% | 13.25% | +2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.18% | 17.52% | +3.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.72% | 16.55% | +1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.72% | 17.75% | -0.03% |