HEEM vs. EMKT
HEEM (iShares Currency Hedged MSCI Emerging Markets ETF) and EMKT (Lazard Emerging Markets Opportunities ETF) are both Emerging Markets Diversified funds. HEEM is passively managed, while EMKT is actively managed. Their correlation of 0.93 suggests significant overlap in exposure. HEEM charges 0.72%/yr vs 0.74%/yr for EMKT.
Performance
HEEM vs. EMKT - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with HEEM having a 27.33% return and EMKT slightly lower at 26.82%.
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%
EMKT
- 1D
- 0.67%
- 1M
- 0.82%
- YTD
- 26.82%
- 6M
- 27.25%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HEEM vs. EMKT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HEEM iShares Currency Hedged MSCI Emerging Markets ETF | 27.33% | 2.93% |
EMKT Lazard Emerging Markets Opportunities ETF | 26.82% | -1.26% |
Correlation
The correlation between HEEM and EMKT is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025 | 0.93 |
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Return for Risk
HEEM vs. EMKT — Risk / Return Rank
HEEM
EMKT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HEEM vs. EMKT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) and Lazard Emerging Markets Opportunities ETF (EMKT). 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 | EMKT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.51 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.95 | — | — |
| Martin ratioReturn relative to average drawdown | 18.26 | — | — |
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Drawdowns
HEEM vs. EMKT - Drawdown Comparison
The maximum HEEM drawdown since its inception was -33.53%, which is greater than EMKT's maximum drawdown of -14.21%. Use the drawdown chart below to compare losses from any high point for HEEM and EMKT.
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Drawdown Indicators
| HEEM | EMKT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.53% | -14.21% | -19.32% |
Max Drawdown (1Y)Largest decline over 1 year | -10.83% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -14.82% | — | — |
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% | -4.55% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -11.10% | -3.12% | -7.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | — | — |
Volatility
HEEM vs. EMKT - Volatility Comparison
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Volatility by Period
| HEEM | EMKT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.43% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 18.67% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.48% | 24.57% | -4.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.65% | 24.57% | -6.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.20% | 24.57% | -6.37% |
HEEM vs. EMKT - Expense Ratio Comparison
HEEM has a 0.72% expense ratio, which is lower than EMKT's 0.74% expense ratio.
Dividends
HEEM vs. EMKT - Dividend Comparison
HEEM's dividend yield for the trailing twelve months is around 3.12%, more than EMKT's 0.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMKT Lazard Emerging Markets Opportunities ETF | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HEEM iShares Currency Hedged MSCI Emerging Markets ETF | 3.12% | 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 0.93, HEEM and EMKT 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.
On fees, HEEM is cheaper at 0.72% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HEEM is cheaper with a 0.72% expense ratio, compared with 0.74% for EMKT.
HEEM has the higher dividend yield at 3.12%, compared with 0.44% for EMKT.
They also come from different issuers: iShares and Lazard. Their fees differ too: 0.72% for HEEM and 0.74% for EMKT.
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