HEEM vs. HEWJ
Compare and contrast key facts about iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) and iShares Currency Hedged MSCI Japan ETF (HEWJ).
HEEM and HEWJ 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. HEWJ is a passively managed fund by iShares that tracks the performance of the MSCI Japan 100% Hedged to USD Index. It was launched on Jan 31, 2014. Both HEEM and HEWJ 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 HEWJ.
Performance
HEEM vs. HEWJ - Performance Comparison
Returns By Period
In the year-to-date period, HEEM achieves a 12.96% return, which is significantly lower than HEWJ's 21.64% return. Over the past 10 years, HEEM has underperformed HEWJ with an annualized return of 4.15%, while HEWJ has yielded a comparatively higher 10.17% annualized return.
HEEM
12.96%
-4.40%
2.04%
17.30%
4.56%
4.15%
HEWJ
21.64%
0.62%
0.01%
20.42%
14.87%
10.17%
Key characteristics
| HEEM | HEWJ | |
|---|---|---|
| Sharpe Ratio | 1.17 | 1.08 |
| Sortino Ratio | 1.72 | 1.46 |
| Omega Ratio | 1.22 | 1.21 |
| Calmar Ratio | 0.69 | 1.03 |
| Martin Ratio | 5.79 | 3.41 |
| Ulcer Index | 2.91% | 6.32% |
| Daily Std Dev | 14.41% | 19.95% |
| Max Drawdown | -34.02% | -31.53% |
| Current Drawdown | -10.64% | -7.42% |
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. HEWJ - Expense Ratio Comparison
HEEM has a 0.68% expense ratio, which is higher than HEWJ's 0.49% expense ratio.
Correlation
The correlation between HEEM and HEWJ 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.
Risk-Adjusted Performance
HEEM vs. HEWJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) and iShares Currency Hedged MSCI Japan ETF (HEWJ). 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. HEWJ - Dividend Comparison
HEEM's dividend yield for the trailing twelve months is around 2.37%, more than HEWJ's 1.91% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
HEEM iShares Currency Hedged MSCI Emerging Markets ETF | 2.37% | 2.75% | 7.49% | 1.19% | 1.49% | 3.04% | 2.37% | 2.05% | 1.84% | 6.28% | 2.04% |
HEWJ iShares Currency Hedged MSCI Japan ETF | 1.91% | 2.03% | 47.67% | 2.03% | 1.20% | 2.78% | 1.37% | 1.21% | 1.88% | 3.25% | 2.15% |
Drawdowns
HEEM vs. HEWJ - Drawdown Comparison
The maximum HEEM drawdown since its inception was -34.02%, which is greater than HEWJ's maximum drawdown of -31.53%. Use the drawdown chart below to compare losses from any high point for HEEM and HEWJ. For additional features, visit the drawdowns tool.
Volatility
HEEM vs. HEWJ - Volatility Comparison
The current volatility for iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) is 4.08%, while iShares Currency Hedged MSCI Japan ETF (HEWJ) has a volatility of 4.92%. This indicates that HEEM experiences smaller price fluctuations and is considered to be less risky than HEWJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.