HEEM vs. EDIV
Compare and contrast key facts about iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) and SPDR S&P Emerging Markets Dividend ETF (EDIV).
HEEM and EDIV 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. EDIV is a passively managed fund by State Street that tracks the performance of the S&P Emerging Markets Dividend Opportunities Index. It was launched on Feb 23, 2011. Both HEEM and EDIV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HEEM or EDIV.
Correlation
The correlation between HEEM and EDIV is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HEEM vs. EDIV - Performance Comparison
Key characteristics
HEEM:
0.64
EDIV:
0.95
HEEM:
1.01
EDIV:
1.39
HEEM:
1.13
EDIV:
1.19
HEEM:
0.63
EDIV:
0.96
HEEM:
2.23
EDIV:
2.58
HEEM:
4.99%
EDIV:
5.15%
HEEM:
17.38%
EDIV:
14.01%
HEEM:
-34.02%
EDIV:
-53.35%
HEEM:
-8.93%
EDIV:
-5.22%
Returns By Period
In the year-to-date period, HEEM achieves a 2.25% return, which is significantly lower than EDIV's 2.50% return. Over the past 10 years, HEEM has underperformed EDIV with an annualized return of 3.62%, while EDIV has yielded a comparatively higher 3.98% annualized return.
HEEM
2.25%
-2.86%
-1.15%
10.20%
7.43%
3.62%
EDIV
2.50%
-0.85%
-0.63%
11.75%
13.74%
3.98%
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HEEM vs. EDIV - Expense Ratio Comparison
HEEM has a 0.68% expense ratio, which is higher than EDIV's 0.49% expense ratio.
Risk-Adjusted Performance
HEEM vs. EDIV — Risk-Adjusted Performance Rank
HEEM
EDIV
HEEM vs. EDIV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) and SPDR S&P Emerging Markets Dividend ETF (EDIV). 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.
Dividends
HEEM vs. EDIV - Dividend Comparison
HEEM's dividend yield for the trailing twelve months is around 2.33%, less than EDIV's 4.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HEEM iShares Currency Hedged MSCI Emerging Markets ETF | 2.33% | 2.38% | 2.75% | 7.49% | 1.19% | 1.49% | 3.04% | 2.37% | 2.05% | 1.84% | 6.28% | 2.04% |
EDIV SPDR S&P Emerging Markets Dividend ETF | 4.18% | 3.94% | 4.26% | 4.94% | 3.84% | 3.52% | 3.83% | 3.41% | 2.99% | 4.93% | 5.33% | 4.84% |
Drawdowns
HEEM vs. EDIV - Drawdown Comparison
The maximum HEEM drawdown since its inception was -34.02%, smaller than the maximum EDIV drawdown of -53.35%. Use the drawdown chart below to compare losses from any high point for HEEM and EDIV. For additional features, visit the drawdowns tool.
Volatility
HEEM vs. EDIV - Volatility Comparison
iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) has a higher volatility of 9.58% compared to SPDR S&P Emerging Markets Dividend ETF (EDIV) at 8.36%. This indicates that HEEM's price experiences larger fluctuations and is considered to be riskier than EDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.