HEEM vs. VWO
Compare and contrast key facts about iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) and Vanguard FTSE Emerging Markets ETF (VWO).
HEEM and VWO 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. VWO is a passively managed fund by Vanguard that tracks the performance of the FTSE Emerging Index. It was launched on Mar 4, 2005. Both HEEM and VWO 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 VWO.
Performance
HEEM vs. VWO - Performance Comparison
Returns By Period
In the year-to-date period, HEEM achieves a 12.96% return, which is significantly higher than VWO's 11.57% return. Over the past 10 years, HEEM has outperformed VWO with an annualized return of 4.15%, while VWO has yielded a comparatively lower 3.35% annualized return.
HEEM
12.96%
-4.40%
2.04%
17.30%
4.56%
4.15%
VWO
11.57%
-4.87%
2.28%
15.97%
4.45%
3.35%
Key characteristics
| HEEM | VWO | |
|---|---|---|
| Sharpe Ratio | 1.17 | 1.11 |
| Sortino Ratio | 1.72 | 1.63 |
| Omega Ratio | 1.22 | 1.20 |
| Calmar Ratio | 0.69 | 0.70 |
| Martin Ratio | 5.79 | 5.68 |
| Ulcer Index | 2.91% | 2.89% |
| Daily Std Dev | 14.41% | 14.79% |
| Max Drawdown | -34.02% | -67.68% |
| Current Drawdown | -10.64% | -10.19% |
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HEEM vs. VWO - Expense Ratio Comparison
HEEM has a 0.68% expense ratio, which is higher than VWO's 0.08% expense ratio.
Correlation
The correlation between HEEM and VWO 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.
Risk-Adjusted Performance
HEEM vs. VWO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) and Vanguard FTSE Emerging Markets ETF (VWO). 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. VWO - Dividend Comparison
HEEM's dividend yield for the trailing twelve months is around 2.37%, less than VWO's 2.65% 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% |
VWO Vanguard FTSE Emerging Markets ETF | 2.65% | 3.52% | 4.11% | 2.63% | 1.91% | 3.24% | 2.88% | 2.30% | 2.52% | 3.26% | 2.86% | 2.73% |
Drawdowns
HEEM vs. VWO - Drawdown Comparison
The maximum HEEM drawdown since its inception was -34.02%, smaller than the maximum VWO drawdown of -67.68%. Use the drawdown chart below to compare losses from any high point for HEEM and VWO. For additional features, visit the drawdowns tool.
Volatility
HEEM vs. VWO - Volatility Comparison
The current volatility for iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) is 4.08%, while Vanguard FTSE Emerging Markets ETF (VWO) has a volatility of 4.50%. This indicates that HEEM experiences smaller price fluctuations and is considered to be less risky than VWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.