HEEM vs. DFEV
Compare and contrast key facts about iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) and Dimensional Emerging Markets Value ETF (DFEV).
HEEM and DFEV 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. DFEV is an actively managed fund by Dimensional. It was launched on Apr 26, 2022.
Performance
HEEM vs. DFEV - Performance Comparison
Loading graphics...
HEEM vs. DFEV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HEEM iShares Currency Hedged MSCI Emerging Markets ETF | 6.21% | 34.02% | 12.59% | 10.14% | -5.49% |
DFEV Dimensional Emerging Markets Value ETF | 6.14% | 32.54% | 7.26% | 15.52% | -6.71% |
Returns By Period
The year-to-date returns for both stocks are quite close, with HEEM having a 6.21% return and DFEV slightly lower at 6.14%.
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%
DFEV
- 1D
- 2.88%
- 1M
- -8.08%
- YTD
- 6.14%
- 6M
- 12.96%
- 1Y
- 36.04%
- 3Y*
- 19.02%
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
HEEM vs. DFEV - Expense Ratio Comparison
HEEM has a 0.72% expense ratio, which is higher than DFEV's 0.43% expense ratio.
Return for Risk
HEEM vs. DFEV — Risk / Return Rank
HEEM
DFEV
HEEM vs. DFEV - 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 Value ETF (DFEV). 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 | DFEV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.12 | 2.05 | +0.08 |
Sortino ratioReturn per unit of downside risk | 2.78 | 2.63 | +0.16 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.40 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 3.22 | 2.75 | +0.46 |
Martin ratioReturn relative to average drawdown | 12.72 | 11.33 | +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. | |||
Loading graphics...
Sharpe Ratios by Period
| HEEM | DFEV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 2.05 | +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 | 0.40 | 0.83 | -0.43 |
Correlation
The correlation between HEEM and DFEV 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
HEEM vs. DFEV - Dividend Comparison
HEEM's dividend yield for the trailing twelve months is around 3.74%, more than DFEV's 2.47% 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% |
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% |
Drawdowns
HEEM vs. DFEV - Drawdown Comparison
The maximum HEEM drawdown since its inception was -33.53%, which is greater than DFEV's maximum drawdown of -18.49%. Use the drawdown chart below to compare losses from any high point for HEEM and DFEV.
Loading graphics...
Drawdown Indicators
| HEEM | DFEV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.53% | -18.49% | -15.04% |
Max Drawdown (1Y)Largest decline over 1 year | -11.42% | -12.98% | +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 | -7.64% | -8.81% | +1.17% |
Average DrawdownAverage peak-to-trough decline | -11.28% | -4.77% | -6.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 3.16% | -0.27% |
Volatility
HEEM vs. DFEV - Volatility Comparison
iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) and Dimensional Emerging Markets Value ETF (DFEV) have volatilities of 8.92% and 9.05%, 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.
Loading graphics...
Volatility by Period
| HEEM | DFEV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.92% | 9.05% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 13.25% | 12.83% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.52% | 17.70% | -0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.55% | 15.99% | +0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.75% | 15.99% | +1.76% |