HEEM vs. BBEM
Compare and contrast key facts about iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) and JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM).
HEEM and BBEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. BBEM is a passively managed fund by JPMorgan that tracks the performance of the Morningstar Emerging Markets Target Market Exposure Index - Benchmark TR Net. It was launched on May 10, 2023. Both HEEM and BBEM 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
HEEM vs. BBEM - Performance Comparison
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HEEM vs. BBEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HEEM iShares Currency Hedged MSCI Emerging Markets ETF | 6.27% | 34.02% | 12.59% | 6.09% |
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF | 4.52% | 32.43% | 5.61% | 6.01% |
Returns By Period
In the year-to-date period, HEEM achieves a 6.27% return, which is significantly higher than BBEM's 4.52% return.
HEEM
- 1D
- 0.05%
- 1M
- -5.89%
- YTD
- 6.27%
- 6M
- 12.41%
- 1Y
- 36.71%
- 3Y*
- 19.01%
- 5Y*
- 6.32%
- 10Y*
- 9.14%
BBEM
- 1D
- 0.93%
- 1M
- -6.45%
- YTD
- 4.52%
- 6M
- 8.20%
- 1Y
- 32.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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HEEM vs. BBEM - Expense Ratio Comparison
HEEM has a 0.72% expense ratio, which is higher than BBEM's 0.15% expense ratio.
Return for Risk
HEEM vs. BBEM — Risk / Return Rank
HEEM
BBEM
HEEM vs. BBEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) and JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM). 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.
| HEEM | BBEM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.11 | 1.67 | +0.43 |
Sortino ratioReturn per unit of downside risk | 2.77 | 2.30 | +0.46 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.33 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 3.25 | 2.56 | +0.68 |
Martin ratioReturn relative to average drawdown | 12.65 | 9.99 | +2.66 |
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
| HEEM | BBEM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.11 | 1.67 | +0.43 |
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 | 0.40 | 0.99 | -0.59 |
Correlation
The correlation between HEEM and BBEM is 0.93, 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
HEEM vs. BBEM - Dividend Comparison
HEEM's dividend yield for the trailing twelve months is around 3.74%, less than BBEM's 5.58% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF | 5.58% | 5.86% | 2.73% | 1.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HEEM vs. BBEM - Drawdown Comparison
The maximum HEEM drawdown since its inception was -33.53%, which is greater than BBEM's maximum drawdown of -17.42%. Use the drawdown chart below to compare losses from any high point for HEEM and BBEM.
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Drawdown Indicators
| HEEM | BBEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.53% | -17.42% | -16.11% |
Max Drawdown (1Y)Largest decline over 1 year | -11.40% | -13.12% | +1.72% |
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 | -7.59% | -9.18% | +1.59% |
Average DrawdownAverage peak-to-trough decline | -11.28% | -3.80% | -7.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 3.37% | -0.44% |
Volatility
HEEM vs. BBEM - Volatility Comparison
The current volatility for iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) is 7.65%, while JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) has a volatility of 9.07%. This indicates that HEEM experiences smaller price fluctuations and is considered to be less risky than BBEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HEEM | BBEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.65% | 9.07% | -1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 13.24% | 14.68% | -1.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.52% | 19.78% | -2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.54% | 16.70% | -0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.75% | 16.70% | +1.05% |