HEEM vs. IEMG
Compare and contrast key facts about iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) and iShares Core MSCI Emerging Markets ETF (IEMG).
HEEM and IEMG 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. IEMG is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Investable Market Index. It was launched on Oct 18, 2012. Both HEEM and IEMG 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 IEMG.
Performance
HEEM vs. IEMG - Performance Comparison
Returns By Period
In the year-to-date period, HEEM achieves a 12.96% return, which is significantly higher than IEMG's 8.41% return. Over the past 10 years, HEEM has outperformed IEMG with an annualized return of 4.15%, while IEMG has yielded a comparatively lower 3.33% annualized return.
HEEM
12.96%
-4.40%
2.04%
17.30%
4.56%
4.15%
IEMG
8.41%
-5.25%
0.12%
13.35%
3.87%
3.33%
Key characteristics
| HEEM | IEMG | |
|---|---|---|
| Sharpe Ratio | 1.17 | 0.90 |
| Sortino Ratio | 1.72 | 1.34 |
| Omega Ratio | 1.22 | 1.16 |
| Calmar Ratio | 0.69 | 0.53 |
| Martin Ratio | 5.79 | 4.42 |
| Ulcer Index | 2.91% | 3.06% |
| Daily Std Dev | 14.41% | 15.08% |
| Max Drawdown | -34.02% | -38.72% |
| Current Drawdown | -10.64% | -14.14% |
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HEEM vs. IEMG - Expense Ratio Comparison
HEEM has a 0.68% expense ratio, which is higher than IEMG's 0.14% expense ratio.
Correlation
The correlation between HEEM and IEMG is 0.94, 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.
Risk-Adjusted Performance
HEEM vs. IEMG - 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 Core MSCI Emerging Markets ETF (IEMG). 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. IEMG - Dividend Comparison
HEEM's dividend yield for the trailing twelve months is around 2.37%, less than IEMG's 2.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
IEMG iShares Core MSCI Emerging Markets ETF | 2.74% | 2.89% | 2.70% | 3.06% | 1.87% | 3.15% | 2.76% | 2.34% | 2.28% | 2.52% | 2.30% | 1.76% |
Drawdowns
HEEM vs. IEMG - Drawdown Comparison
The maximum HEEM drawdown since its inception was -34.02%, smaller than the maximum IEMG drawdown of -38.72%. Use the drawdown chart below to compare losses from any high point for HEEM and IEMG. For additional features, visit the drawdowns tool.
Volatility
HEEM vs. IEMG - Volatility Comparison
The current volatility for iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) is 4.08%, while iShares Core MSCI Emerging Markets ETF (IEMG) has a volatility of 4.61%. This indicates that HEEM experiences smaller price fluctuations and is considered to be less risky than IEMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.