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

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.


-0.50.00.51.00.9

Performance

HEEM vs. IEMG - 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 Core MSCI Emerging Markets ETF (IEMG). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
3.00%
1.00%
HEEM
IEMG

Key characteristics

Sharpe Ratio

HEEM:

1.04

IEMG:

0.67

Sortino Ratio

HEEM:

1.55

IEMG:

1.02

Omega Ratio

HEEM:

1.20

IEMG:

1.13

Calmar Ratio

HEEM:

0.61

IEMG:

0.39

Martin Ratio

HEEM:

4.16

IEMG:

2.61

Ulcer Index

HEEM:

3.58%

IEMG:

3.83%

Daily Std Dev

HEEM:

14.29%

IEMG:

14.99%

Max Drawdown

HEEM:

-34.02%

IEMG:

-38.71%

Current Drawdown

HEEM:

-10.13%

IEMG:

-14.43%

Returns By Period

In the year-to-date period, HEEM achieves a 13.60% return, which is significantly higher than IEMG's 8.05% return. Over the past 10 years, HEEM has outperformed IEMG with an annualized return of 4.53%, while IEMG has yielded a comparatively lower 3.90% annualized return.


HEEM

YTD

13.60%

1M

0.75%

6M

3.00%

1Y

15.79%

5Y*

3.71%

10Y*

4.53%

IEMG

YTD

8.05%

1M

-0.15%

6M

1.00%

1Y

10.43%

5Y*

2.63%

10Y*

3.90%

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. IEMG - Expense Ratio Comparison

HEEM has a 0.68% expense ratio, which is higher than IEMG's 0.14% expense ratio.


HEEM
iShares Currency Hedged MSCI Emerging Markets ETF
Expense ratio chart for HEEM: current value at 0.68% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.68%
Expense ratio chart for IEMG: current value at 0.14% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.14%

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.


Sharpe ratio
The chart of Sharpe ratio for HEEM, currently valued at 1.04, compared to the broader market0.002.004.001.040.67
The chart of Sortino ratio for HEEM, currently valued at 1.55, compared to the broader market-2.000.002.004.006.008.0010.001.551.02
The chart of Omega ratio for HEEM, currently valued at 1.20, compared to the broader market0.501.001.502.002.503.001.201.13
The chart of Calmar ratio for HEEM, currently valued at 0.61, compared to the broader market0.005.0010.0015.000.610.39
The chart of Martin ratio for HEEM, currently valued at 4.16, compared to the broader market0.0020.0040.0060.0080.00100.004.162.61
HEEM
IEMG

The current HEEM Sharpe Ratio is 1.04, which is higher than the IEMG Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of HEEM and IEMG, 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 Ratio0.501.001.502.00JulyAugustSeptemberOctoberNovemberDecember
1.04
0.67
HEEM
IEMG

Dividends

HEEM vs. IEMG - Dividend Comparison

HEEM's dividend yield for the trailing twelve months is around 2.36%, less than IEMG's 3.16% yield.


TTM20232022202120202019201820172016201520142013
HEEM
iShares Currency Hedged MSCI Emerging Markets ETF
2.36%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
3.16%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 -38.71%. Use the drawdown chart below to compare losses from any high point for HEEM and IEMG. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%JulyAugustSeptemberOctoberNovemberDecember
-10.13%
-14.43%
HEEM
IEMG

Volatility

HEEM vs. IEMG - Volatility Comparison

The current volatility for iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) is 3.55%, while iShares Core MSCI Emerging Markets ETF (IEMG) has a volatility of 3.79%. 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.


2.00%3.00%4.00%5.00%6.00%7.00%JulyAugustSeptemberOctoberNovemberDecember
3.55%
3.79%
HEEM
IEMG
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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