HEEM vs. TJUN
HEEM (iShares Currency Hedged MSCI Emerging Markets ETF) and TJUN (FT Vest Emerging Markets Buffer ETF - June) are both exchange-traded funds - HEEM is a Emerging Markets Equities fund tracking the MSCI Emerging Markets 100% USD Hedged Index, while TJUN is a Defined Outcome fund tracking the iShares MSCI Emerging Markets ETF (EEM). Both are passively managed. Over the past year, HEEM returned 40.11% vs 8.16% for TJUN. Their correlation of 0.85 means they have usually moved in the same direction. HEEM charges 0.72%/yr vs 0.95%/yr for TJUN.
Performance
HEEM vs. TJUN - Performance Comparison
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Returns By Period
In the year-to-date period, HEEM achieves a 18.23% return, which is significantly higher than TJUN's -1.24% return.
HEEM
- 1D
- 0.85%
- 1M
- -4.02%
- 6M
- 9.21%
- YTD
- 18.23%
- 1Y
- 40.11%
- 3Y*
- 20.86%
- 5Y*
- 9.65%
- 10Y*
- 9.86%
- ALL TIME*
- 7.84%
TJUN
- 1D
- 0.61%
- 1M
- -1.11%
- 6M
- -3.34%
- YTD
- -1.24%
- 1Y
- 8.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $10.32M | $12.63M | $6.04M | |
| $28.96K | $85.30K | $113.88K |
HEEM vs. TJUN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HEEM iShares Currency Hedged MSCI Emerging Markets ETF | 18.23% | 24.16% |
TJUN FT Vest Emerging Markets Buffer ETF - June | -1.24% | 11.79% |
Correlation
The correlation between HEEM and TJUN is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2025 | 0.85 |
The correlation between HEEM and TJUN has been stable across timeframes, ranging from 0.85 to 0.85 - a consistent structural relationship.
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Return for Risk
HEEM vs. TJUN — Risk / Return Rank
HEEM
TJUN
HEEM vs. TJUN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) and FT Vest Emerging Markets Buffer ETF - June (TJUN). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HEEM | TJUN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.16 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 0.79 | +1.81 |
| Martin ratioReturn relative to average drawdown | 9.49 | 3.49 | +5.99 |
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Drawdowns
HEEM vs. TJUN - Drawdown Comparison
The maximum HEEM drawdown since its inception was -33.53%, which is greater than TJUN's maximum drawdown of -9.77%. Use the drawdown chart below to compare losses from any high point for HEEM and TJUN.
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Drawdown Indicators
| HEEM | TJUN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.53% | -9.77% | -23.76% |
Max Drawdown (1Y)Largest decline over 1 year | -15.01% | -9.77% | -5.24% |
Max Drawdown (3Y)Largest decline over 3 years | -15.01% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -28.15% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.53% | — | — |
Current DrawdownCurrent decline from peak | -11.28% | -6.61% | -4.67% |
Average DrawdownAverage peak-to-trough decline | -11.08% | -1.08% | -10.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.10% | 2.21% | +1.89% |
Volatility
HEEM vs. TJUN - Volatility Comparison
iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) has a higher volatility of 9.41% compared to FT Vest Emerging Markets Buffer ETF - June (TJUN) at 6.70%. This indicates that HEEM's price experiences larger fluctuations and is considered to be riskier than TJUN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HEEM | TJUN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.41% | 6.70% | +2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 20.67% | 9.43% | +11.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.65% | 10.70% | +11.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.03% | 10.42% | +7.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.40% | 10.42% | +7.98% |
HEEM vs. TJUN - Expense Ratio Comparison
HEEM has a 0.72% expense ratio, which is lower than TJUN's 0.95% expense ratio.
Dividends
HEEM vs. TJUN - Dividend Comparison
HEEM's dividend yield for the trailing twelve months is around 3.25%, while TJUN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HEEM iShares Currency Hedged MSCI Emerging Markets ETF | 3.25% | 3.98% | 2.38% | 2.75% | 7.49% | 1.93% | 1.49% | 3.04% | 2.37% | 2.05% | 1.84% | 6.28% |
TJUN FT Vest Emerging Markets Buffer ETF - June | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HEEM and TJUN have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HEEM has higher volatility (9.41%) compared to TJUN (6.70%). In terms of maximum drawdown, HEEM dropped -33.53% vs TJUN's -9.77%.
On 1-year performance, HEEM leads with 40.11% vs 8.16% for TJUN. On fees, HEEM is cheaper at 0.72% per year. On volatility, TJUN has been the lower-risk option at 6.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HEEM has performed better with a 40.11% return vs 8.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HEEM is cheaper with a 0.72% expense ratio, compared with 0.95% for TJUN.
HEEM has the higher dividend yield at 3.25%, compared with 0.00% for TJUN.
HEEM is categorized as Emerging Markets Equities, while TJUN is Defined Outcome. HEEM tracks MSCI Emerging Markets 100% USD Hedged Index, while TJUN tracks iShares MSCI Emerging Markets ETF (EEM). They also come from different issuers: iShares and First Trust. Their fees differ too: 0.72% for HEEM and 0.95% for TJUN.
HEEM currently has the higher Sharpe Ratio (1.72 vs 0.72), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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