HEEM vs. DEHP
HEEM (iShares Currency Hedged MSCI Emerging Markets ETF) and DEHP (Dimensional Emerging Markets High Profitability ETF) are both Emerging Markets Diversified funds. HEEM is passively managed, while DEHP is actively managed. Over the past 3 years, HEEM returned 25.96%/yr vs 24.53%/yr for DEHP. Their correlation of 0.92 suggests significant overlap in exposure. HEEM charges 0.72%/yr vs 0.41%/yr for DEHP.
Performance
HEEM vs. DEHP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HEEM achieves a 27.33% return, which is significantly lower than DEHP's 32.68% return.
HEEM
- 1D
- 1.12%
- 1M
- 0.71%
- YTD
- 27.33%
- 6M
- 28.07%
- 1Y
- 53.35%
- 3Y*
- 25.96%
- 5Y*
- 9.88%
- 10Y*
- 11.59%
DEHP
- 1D
- 1.26%
- 1M
- -1.02%
- YTD
- 32.68%
- 6M
- 33.39%
- 1Y
- 55.92%
- 3Y*
- 24.53%
- 5Y*
- —
- 10Y*
- —
HEEM vs. DEHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HEEM iShares Currency Hedged MSCI Emerging Markets ETF | 27.33% | 34.02% | 12.59% | 10.14% | -3.94% |
DEHP Dimensional Emerging Markets High Profitability ETF | 32.68% | 32.86% | 4.47% | 12.31% | -9.73% |
Correlation
The correlation between HEEM and DEHP is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2022 | 0.92 |
The correlation between HEEM and DEHP has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HEEM vs. DEHP — Risk / Return Rank
HEEM
DEHP
HEEM vs. DEHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) and Dimensional Emerging Markets High Profitability ETF (DEHP). 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.
| HEEM | DEHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.43 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.95 | 4.27 | +0.68 |
| Martin ratioReturn relative to average drawdown | 18.26 | 15.90 | +2.36 |
Loading charts...
Drawdowns
HEEM vs. DEHP - Drawdown Comparison
The maximum HEEM drawdown since its inception was -33.53%, which is greater than DEHP's maximum drawdown of -22.90%. Use the drawdown chart below to compare losses from any high point for HEEM and DEHP.
Loading charts...
Drawdown Indicators
| HEEM | DEHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.53% | -22.90% | -10.63% |
Max Drawdown (1Y)Largest decline over 1 year | -10.83% | -13.16% | +2.33% |
Max Drawdown (3Y)Largest decline over 3 years | -14.82% | -19.14% | +4.32% |
Max Drawdown (5Y)Largest decline over 5 years | -30.60% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.53% | — | — |
Current DrawdownCurrent decline from peak | -4.45% | -4.92% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -11.10% | -5.73% | -5.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 3.53% | -0.60% |
Volatility
HEEM vs. DEHP - Volatility Comparison
The current volatility for iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) is 11.43%, while Dimensional Emerging Markets High Profitability ETF (DEHP) has a volatility of 13.94%. This indicates that HEEM experiences smaller price fluctuations and is considered to be less risky than DEHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HEEM | DEHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.43% | 13.94% | -2.51% |
Volatility (6M)Calculated over the trailing 6-month period | 18.67% | 22.71% | -4.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.48% | 24.55% | -4.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.65% | 19.57% | -1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.20% | 19.57% | -1.37% |
HEEM vs. DEHP - Expense Ratio Comparison
HEEM has a 0.72% expense ratio, which is higher than DEHP's 0.41% expense ratio.
Dividends
HEEM vs. DEHP - Dividend Comparison
HEEM's dividend yield for the trailing twelve months is around 3.12%, more than DEHP's 1.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEHP Dimensional Emerging Markets High Profitability ETF | 1.31% | 1.73% | 2.44% | 2.84% | 1.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HEEM iShares Currency Hedged MSCI Emerging Markets ETF | 3.12% | 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 0.92, HEEM and DEHP 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.
DEHP has higher volatility (13.94%) compared to HEEM (11.43%). In terms of maximum drawdown, HEEM dropped -33.53% vs DEHP's -22.90%.
On 3-year performance, HEEM leads with 25.96% vs 24.53% for DEHP. On fees, DEHP is cheaper at 0.41% per year. On volatility, HEEM has been the lower-risk option at 11.43%. 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 25.96% return vs 24.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DEHP is cheaper with a 0.41% expense ratio, compared with 0.72% for HEEM.
HEEM has the higher dividend yield at 3.12%, compared with 1.31% for DEHP.
They also come from different issuers: iShares and Dimensional. Their fees differ too: 0.72% for HEEM and 0.41% for DEHP.
HEEM currently has the higher Sharpe Ratio (2.62 vs 2.29), 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.
Find the right allocation for HEEM and DEHP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer