HEEM vs. SPHD
Compare and contrast key facts about iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD).
HEEM and SPHD 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. SPHD is a passively managed fund by Invesco that tracks the performance of the S&P Low Volatility High Dividend index. It was launched on Oct 18, 2012. Both HEEM and SPHD 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 SPHD.
Performance
HEEM vs. SPHD - Performance Comparison
Returns By Period
In the year-to-date period, HEEM achieves a 12.96% return, which is significantly lower than SPHD's 21.91% return. Over the past 10 years, HEEM has underperformed SPHD with an annualized return of 4.15%, while SPHD has yielded a comparatively higher 8.70% annualized return.
HEEM
12.96%
-4.40%
2.04%
17.30%
4.56%
4.15%
SPHD
21.91%
-1.53%
12.57%
31.10%
7.65%
8.70%
Key characteristics
| HEEM | SPHD | |
|---|---|---|
| Sharpe Ratio | 1.17 | 2.85 |
| Sortino Ratio | 1.72 | 4.07 |
| Omega Ratio | 1.22 | 1.53 |
| Calmar Ratio | 0.69 | 2.25 |
| Martin Ratio | 5.79 | 19.60 |
| Ulcer Index | 2.91% | 1.62% |
| Daily Std Dev | 14.41% | 11.17% |
| Max Drawdown | -34.02% | -41.39% |
| Current Drawdown | -10.64% | -1.53% |
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. SPHD - Expense Ratio Comparison
HEEM has a 0.68% expense ratio, which is higher than SPHD's 0.30% expense ratio.
Correlation
The correlation between HEEM and SPHD is 0.48, 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. SPHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). 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. SPHD - Dividend Comparison
HEEM's dividend yield for the trailing twelve months is around 2.37%, less than SPHD's 3.40% 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% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 3.40% | 4.48% | 3.89% | 3.46% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% | 3.24% | 3.68% |
Drawdowns
HEEM vs. SPHD - Drawdown Comparison
The maximum HEEM drawdown since its inception was -34.02%, smaller than the maximum SPHD drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for HEEM and SPHD. For additional features, visit the drawdowns tool.
Volatility
HEEM vs. SPHD - Volatility Comparison
iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) has a higher volatility of 4.08% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 2.64%. This indicates that HEEM's price experiences larger fluctuations and is considered to be riskier than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.