EMC vs. HEEM
EMC (Global X Emerging Markets Great Consumer ETF) and HEEM (iShares Currency Hedged MSCI Emerging Markets ETF) are both Emerging Markets Equities funds. EMC is actively managed, while HEEM is passively managed. Over the past 3 years, EMC returned 13.10%/yr vs 21.67%/yr for HEEM. Their correlation of 0.90 means they have usually moved in the same direction. EMC charges 0.75%/yr vs 0.72%/yr for HEEM.
Performance
EMC vs. HEEM - Performance Comparison
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Returns By Period
In the year-to-date period, EMC achieves a 17.02% return, which is significantly lower than HEEM's 18.81% return.
EMC
- 1D
- 1.19%
- 1M
- -1.41%
- 6M
- 8.04%
- YTD
- 17.02%
- 1Y
- 25.57%
- 3Y*
- 13.10%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.64%
HEEM
- 1D
- 0.49%
- 1M
- -3.55%
- 6M
- 9.48%
- YTD
- 18.81%
- 1Y
- 40.79%
- 3Y*
- 21.67%
- 5Y*
- 9.44%
- 10Y*
- 9.74%
- ALL TIME*
- 7.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $303.53K | $204.31K | $229.90K | |
| $9.82M | $12.11M | $6.28M |
EMC vs. HEEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EMC Global X Emerging Markets Great Consumer ETF | 17.02% | 18.91% | 3.75% | 1.62% |
HEEM iShares Currency Hedged MSCI Emerging Markets ETF | 18.81% | 34.02% | 12.59% | 7.40% |
Correlation
The correlation between EMC and HEEM is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (All Time) Calculated using the full available price history since May 15, 2023 | 0.90 |
The correlation between EMC and HEEM has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
EMC vs. HEEM - Sectors Allocation Comparison
Sectors
EMC
HEEM
Technology
Financial Services
Consumer Cyclical
Communication Services
Industrials
Basic Materials
Energy
Consumer Defensive
Healthcare
Real Estate
Utilities
-
Technology
EMC
HEEM
Financial Services
EMC
HEEM
Consumer Cyclical
EMC
HEEM
Communication Services
EMC
HEEM
Industrials
EMC
HEEM
Basic Materials
EMC
HEEM
Energy
EMC
HEEM
Consumer Defensive
EMC
HEEM
Healthcare
EMC
HEEM
Real Estate
EMC
HEEM
Utilities
EMC
-
HEEM
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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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EMC | HEEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.34 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 2.73 | -0.88 |
| Martin ratioReturn relative to average drawdown | 5.44 | 9.84 | -4.40 |
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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% | -15.01% | +1.12% |
Max Drawdown (3Y)Largest decline over 3 years | -18.38% | -15.01% | -3.37% |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.53% | — |
Current DrawdownCurrent decline from peak | -8.19% | -10.84% | +2.65% |
Average DrawdownAverage peak-to-trough decline | -4.23% | -11.08% | +6.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.71% | 4.16% | +0.55% |
Volatility
EMC vs. HEEM - Volatility Comparison
Global X Emerging Markets Great Consumer ETF (EMC) and iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) have volatilities of 9.28% and 9.31%, 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
| EMC | HEEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.28% | 9.31% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 22.22% | 20.60% | +1.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.58% | 22.65% | +1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.72% | 18.03% | +1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.72% | 18.41% | +1.31% |
EMC vs. HEEM - Expense Ratio Comparison
EMC has a 0.75% expense ratio, which is higher than HEEM's 0.72% expense ratio.
Dividends
EMC vs. HEEM - Dividend Comparison
EMC's dividend yield for the trailing twelve months is around 0.58%, less than HEEM's 3.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMC Global X Emerging Markets Great Consumer ETF | 0.58% | 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 | 3.23% | 3.98% | 2.38% | 2.75% | 7.49% | 1.93% | 1.49% | 3.04% | 2.37% | 2.05% | 1.84% | 6.28% |
Frequently Asked Questions
With a correlation of 0.94, EMC and HEEM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
HEEM has higher volatility (9.31%) compared to EMC (9.28%). In terms of maximum drawdown, EMC dropped -18.38% vs HEEM's -33.53%.
On 3-year performance, HEEM leads with 21.67% vs 13.10% for EMC. On fees, HEEM is cheaper at 0.72% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, HEEM has performed better with a 21.67% return vs 13.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HEEM is cheaper with a 0.72% expense ratio, compared with 0.75% for EMC.
HEEM has the higher dividend yield at 3.23%, compared with 0.58% for EMC.
They also come from different issuers: Global X and iShares. Their fees differ too: 0.75% for EMC and 0.72% for HEEM.
HEEM currently has the higher Sharpe Ratio (1.81 vs 1.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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