HEEM vs. IEMS.L
Compare and contrast key facts about iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) and iShares MSCI Emerging Markets Small Cap UCITS ETF (IEMS.L).
HEEM and IEMS.L 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. IEMS.L is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Small Cap. It was launched on Mar 6, 2009. Both HEEM and IEMS.L 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 IEMS.L.
Performance
HEEM vs. IEMS.L - Performance Comparison
Returns By Period
In the year-to-date period, HEEM achieves a 12.96% return, which is significantly higher than IEMS.L's 2.00% return. Over the past 10 years, HEEM has underperformed IEMS.L with an annualized return of 4.15%, while IEMS.L has yielded a comparatively higher 4.53% annualized return.
HEEM
12.96%
-4.40%
2.04%
17.30%
4.56%
4.15%
IEMS.L
2.00%
-6.64%
-4.61%
8.20%
8.56%
4.53%
Key characteristics
| HEEM | IEMS.L | |
|---|---|---|
| Sharpe Ratio | 1.17 | 0.52 |
| Sortino Ratio | 1.72 | 0.83 |
| Omega Ratio | 1.22 | 1.10 |
| Calmar Ratio | 0.69 | 0.75 |
| Martin Ratio | 5.79 | 2.64 |
| Ulcer Index | 2.91% | 2.67% |
| Daily Std Dev | 14.41% | 13.53% |
| Max Drawdown | -34.02% | -49.93% |
| Current Drawdown | -10.64% | -8.68% |
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HEEM vs. IEMS.L - Expense Ratio Comparison
HEEM has a 0.68% expense ratio, which is lower than IEMS.L's 0.74% expense ratio.
Correlation
The correlation between HEEM and IEMS.L is 0.64, 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. IEMS.L - 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 MSCI Emerging Markets Small Cap UCITS ETF (IEMS.L). 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. IEMS.L - Dividend Comparison
HEEM's dividend yield for the trailing twelve months is around 2.37%, more than IEMS.L's 1.82% 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% |
IEMS.L iShares MSCI Emerging Markets Small Cap UCITS ETF | 1.82% | 2.09% | 2.47% | 1.29% | 1.62% | 2.05% | 2.19% | 1.32% | 2.08% | 0.87% | 1.65% | 1.67% |
Drawdowns
HEEM vs. IEMS.L - Drawdown Comparison
The maximum HEEM drawdown since its inception was -34.02%, smaller than the maximum IEMS.L drawdown of -49.93%. Use the drawdown chart below to compare losses from any high point for HEEM and IEMS.L. For additional features, visit the drawdowns tool.
Volatility
HEEM vs. IEMS.L - Volatility Comparison
iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) has a higher volatility of 4.08% compared to iShares MSCI Emerging Markets Small Cap UCITS ETF (IEMS.L) at 3.46%. This indicates that HEEM's price experiences larger fluctuations and is considered to be riskier than IEMS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.