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HEEM vs. HEWJ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between HEEM and HEWJ is 0.67, 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.


-0.50.00.51.0
Correlation: 0.7

Performance

HEEM vs. HEWJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) and iShares Currency Hedged MSCI Japan ETF (HEWJ). The values are adjusted to include any dividend payments, if applicable.

50.00%100.00%150.00%200.00%NovemberDecember2025FebruaryMarchApril
56.64%
179.67%
HEEM
HEWJ

Key characteristics

Sharpe Ratio

HEEM:

0.64

HEWJ:

0.16

Sortino Ratio

HEEM:

1.01

HEWJ:

0.39

Omega Ratio

HEEM:

1.13

HEWJ:

1.06

Calmar Ratio

HEEM:

0.63

HEWJ:

0.20

Martin Ratio

HEEM:

2.23

HEWJ:

0.53

Ulcer Index

HEEM:

4.99%

HEWJ:

7.87%

Daily Std Dev

HEEM:

17.38%

HEWJ:

25.49%

Max Drawdown

HEEM:

-34.02%

HEWJ:

-31.53%

Current Drawdown

HEEM:

-8.93%

HEWJ:

-7.49%

Returns By Period

In the year-to-date period, HEEM achieves a 2.25% return, which is significantly higher than HEWJ's -2.60% return. Over the past 10 years, HEEM has underperformed HEWJ with an annualized return of 3.62%, while HEWJ has yielded a comparatively higher 8.53% annualized return.


HEEM

YTD

2.25%

1M

-2.86%

6M

-1.15%

1Y

10.20%

5Y*

7.43%

10Y*

3.62%

HEWJ

YTD

-2.60%

1M

-4.44%

6M

2.73%

1Y

4.72%

5Y*

18.27%

10Y*

8.53%

*Annualized

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HEEM vs. HEWJ - Expense Ratio Comparison

HEEM has a 0.68% expense ratio, which is higher than HEWJ's 0.49% expense ratio.


Expense ratio chart for HEEM: current value is 0.68%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
HEEM: 0.68%
Expense ratio chart for HEWJ: current value is 0.49%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
HEWJ: 0.49%

Risk-Adjusted Performance

HEEM vs. HEWJ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HEEM
The Risk-Adjusted Performance Rank of HEEM is 6666
Overall Rank
The Sharpe Ratio Rank of HEEM is 6666
Sharpe Ratio Rank
The Sortino Ratio Rank of HEEM is 6767
Sortino Ratio Rank
The Omega Ratio Rank of HEEM is 6464
Omega Ratio Rank
The Calmar Ratio Rank of HEEM is 7070
Calmar Ratio Rank
The Martin Ratio Rank of HEEM is 6363
Martin Ratio Rank

HEWJ
The Risk-Adjusted Performance Rank of HEWJ is 3232
Overall Rank
The Sharpe Ratio Rank of HEWJ is 3030
Sharpe Ratio Rank
The Sortino Ratio Rank of HEWJ is 3232
Sortino Ratio Rank
The Omega Ratio Rank of HEWJ is 3333
Omega Ratio Rank
The Calmar Ratio Rank of HEWJ is 3737
Calmar Ratio Rank
The Martin Ratio Rank of HEWJ is 3131
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for HEEM, currently valued at 0.64, compared to the broader market-1.000.001.002.003.004.00
HEEM: 0.64
HEWJ: 0.16
The chart of Sortino ratio for HEEM, currently valued at 1.01, compared to the broader market-2.000.002.004.006.008.00
HEEM: 1.01
HEWJ: 0.39
The chart of Omega ratio for HEEM, currently valued at 1.13, compared to the broader market0.501.001.502.00
HEEM: 1.13
HEWJ: 1.06
The chart of Calmar ratio for HEEM, currently valued at 0.63, compared to the broader market0.002.004.006.008.0010.0012.00
HEEM: 0.63
HEWJ: 0.20
The chart of Martin ratio for HEEM, currently valued at 2.23, compared to the broader market0.0020.0040.0060.00
HEEM: 2.23
HEWJ: 0.53

The current HEEM Sharpe Ratio is 0.64, which is higher than the HEWJ Sharpe Ratio of 0.16. The chart below compares the historical Sharpe Ratios of HEEM and HEWJ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.00NovemberDecember2025FebruaryMarchApril
0.64
0.16
HEEM
HEWJ

Dividends

HEEM vs. HEWJ - Dividend Comparison

HEEM's dividend yield for the trailing twelve months is around 2.33%, more than HEWJ's 2.26% yield.


TTM20242023202220212020201920182017201620152014
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%
HEWJ
iShares Currency Hedged MSCI Japan ETF
2.26%2.20%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.


-20.00%-15.00%-10.00%-5.00%NovemberDecember2025FebruaryMarchApril
-8.93%
-7.49%
HEEM
HEWJ

Volatility

HEEM vs. HEWJ - Volatility Comparison

The current volatility for iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) is 9.58%, while iShares Currency Hedged MSCI Japan ETF (HEWJ) has a volatility of 15.66%. 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.


4.00%6.00%8.00%10.00%12.00%14.00%16.00%NovemberDecember2025FebruaryMarchApril
9.58%
15.66%
HEEM
HEWJ