HEEM vs. OAEM
Compare and contrast key facts about iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) and OneAscent Emerging Markets ETF (OAEM).
HEEM and OAEM 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. OAEM is an actively managed fund by Oneascent. It was launched on Sep 14, 2022.
Performance
HEEM vs. OAEM - Performance Comparison
Loading graphics...
HEEM vs. OAEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HEEM iShares Currency Hedged MSCI Emerging Markets ETF | 6.27% | 34.02% | 12.59% | 10.14% | -1.69% |
OAEM OneAscent Emerging Markets ETF | 10.06% | 26.67% | 0.43% | 17.97% | 1.97% |
Returns By Period
In the year-to-date period, HEEM achieves a 6.27% return, which is significantly lower than OAEM's 10.06% return.
HEEM
- 1D
- 0.05%
- 1M
- -5.89%
- YTD
- 6.27%
- 6M
- 12.41%
- 1Y
- 36.71%
- 3Y*
- 19.01%
- 5Y*
- 6.32%
- 10Y*
- 9.14%
OAEM
- 1D
- 4.31%
- 1M
- -10.94%
- YTD
- 10.06%
- 6M
- 18.04%
- 1Y
- 41.48%
- 3Y*
- 13.52%
- 5Y*
- —
- 10Y*
- —
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. OAEM - Expense Ratio Comparison
HEEM has a 0.72% expense ratio, which is lower than OAEM's 1.25% expense ratio.
Return for Risk
HEEM vs. OAEM — Risk / Return Rank
HEEM
OAEM
HEEM vs. OAEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) and OneAscent Emerging Markets ETF (OAEM). 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.
| HEEM | OAEM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.11 | 1.86 | +0.24 |
Sortino ratioReturn per unit of downside risk | 2.77 | 2.48 | +0.29 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.36 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 3.25 | 2.78 | +0.46 |
Martin ratioReturn relative to average drawdown | 12.65 | 12.06 | +0.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| HEEM | OAEM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.11 | 1.86 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.84 | -0.44 |
Correlation
The correlation between HEEM and OAEM is 0.77, 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.
Dividends
HEEM vs. OAEM - Dividend Comparison
HEEM's dividend yield for the trailing twelve months is around 3.74%, more than OAEM's 0.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HEEM iShares Currency Hedged MSCI Emerging Markets ETF | 3.74% | 3.98% | 2.38% | 2.75% | 7.49% | 1.93% | 1.49% | 3.04% | 2.37% | 2.05% | 1.84% | 6.28% |
OAEM OneAscent Emerging Markets ETF | 0.70% | 0.77% | 0.91% | 1.63% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HEEM vs. OAEM - Drawdown Comparison
The maximum HEEM drawdown since its inception was -33.53%, which is greater than OAEM's maximum drawdown of -17.05%. Use the drawdown chart below to compare losses from any high point for HEEM and OAEM.
Loading graphics...
Drawdown Indicators
| HEEM | OAEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.53% | -17.05% | -16.48% |
Max Drawdown (1Y)Largest decline over 1 year | -11.40% | -14.63% | +3.23% |
Max Drawdown (5Y)Largest decline over 5 years | -30.64% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.53% | — | — |
Current DrawdownCurrent decline from peak | -7.59% | -10.94% | +3.35% |
Average DrawdownAverage peak-to-trough decline | -11.28% | -3.94% | -7.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 3.38% | -0.45% |
Volatility
HEEM vs. OAEM - Volatility Comparison
The current volatility for iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) is 7.65%, while OneAscent Emerging Markets ETF (OAEM) has a volatility of 13.45%. This indicates that HEEM experiences smaller price fluctuations and is considered to be less risky than OAEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| HEEM | OAEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.65% | 13.45% | -5.80% |
Volatility (6M)Calculated over the trailing 6-month period | 13.24% | 17.65% | -4.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.52% | 22.39% | -4.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.54% | 19.00% | -2.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.75% | 19.00% | -1.25% |