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HEWJ vs. HEEM
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between HEWJ and HEEM is 0.67, 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.


-0.50.00.51.0
Correlation: 0.7

Performance

HEWJ vs. HEEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Currency Hedged MSCI Japan ETF (HEWJ) and iShares Currency Hedged MSCI Emerging Markets ETF (HEEM). The values are adjusted to include any dividend payments, if applicable.

50.00%100.00%150.00%200.00%NovemberDecember2025FebruaryMarchApril
179.67%
56.64%
HEWJ
HEEM

Key characteristics

Sharpe Ratio

HEWJ:

0.16

HEEM:

0.64

Sortino Ratio

HEWJ:

0.39

HEEM:

1.01

Omega Ratio

HEWJ:

1.06

HEEM:

1.13

Calmar Ratio

HEWJ:

0.20

HEEM:

0.63

Martin Ratio

HEWJ:

0.53

HEEM:

2.23

Ulcer Index

HEWJ:

7.87%

HEEM:

4.99%

Daily Std Dev

HEWJ:

25.49%

HEEM:

17.38%

Max Drawdown

HEWJ:

-31.53%

HEEM:

-34.02%

Current Drawdown

HEWJ:

-7.49%

HEEM:

-8.93%

Returns By Period

In the year-to-date period, HEWJ achieves a -2.60% return, which is significantly lower than HEEM's 2.25% return. Over the past 10 years, HEWJ has outperformed HEEM with an annualized return of 8.53%, while HEEM has yielded a comparatively lower 3.62% annualized return.


HEWJ

YTD

-2.60%

1M

-4.44%

6M

2.73%

1Y

4.72%

5Y*

18.27%

10Y*

8.53%

HEEM

YTD

2.25%

1M

-2.86%

6M

-1.15%

1Y

10.20%

5Y*

7.43%

10Y*

3.62%

*Annualized

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HEWJ vs. HEEM - Expense Ratio Comparison

HEWJ has a 0.49% expense ratio, which is lower than HEEM's 0.68% expense ratio.


Expense ratio chart for HEEM: current value is 0.68%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
HEEM: 0.68%
Expense ratio chart for HEWJ: current value is 0.49%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
HEWJ: 0.49%

Risk-Adjusted Performance

HEWJ vs. HEEM — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HEWJ
The Risk-Adjusted Performance Rank of HEWJ is 3232
Overall Rank
The Sharpe Ratio Rank of HEWJ is 3030
Sharpe Ratio Rank
The Sortino Ratio Rank of HEWJ is 3232
Sortino Ratio Rank
The Omega Ratio Rank of HEWJ is 3333
Omega Ratio Rank
The Calmar Ratio Rank of HEWJ is 3737
Calmar Ratio Rank
The Martin Ratio Rank of HEWJ is 3131
Martin Ratio Rank

HEEM
The Risk-Adjusted Performance Rank of HEEM is 6666
Overall Rank
The Sharpe Ratio Rank of HEEM is 6666
Sharpe Ratio Rank
The Sortino Ratio Rank of HEEM is 6767
Sortino Ratio Rank
The Omega Ratio Rank of HEEM is 6464
Omega Ratio Rank
The Calmar Ratio Rank of HEEM is 7070
Calmar Ratio Rank
The Martin Ratio Rank of HEEM is 6363
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

HEWJ vs. HEEM - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Currency Hedged MSCI Japan ETF (HEWJ) and iShares Currency Hedged MSCI Emerging Markets ETF (HEEM). 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.


The chart of Sharpe ratio for HEWJ, currently valued at 0.16, compared to the broader market-1.000.001.002.003.004.00
HEWJ: 0.16
HEEM: 0.64
The chart of Sortino ratio for HEWJ, currently valued at 0.39, compared to the broader market-2.000.002.004.006.008.00
HEWJ: 0.39
HEEM: 1.01
The chart of Omega ratio for HEWJ, currently valued at 1.06, compared to the broader market0.501.001.502.002.50
HEWJ: 1.06
HEEM: 1.13
The chart of Calmar ratio for HEWJ, currently valued at 0.20, compared to the broader market0.002.004.006.008.0010.0012.00
HEWJ: 0.20
HEEM: 0.63
The chart of Martin ratio for HEWJ, currently valued at 0.53, compared to the broader market0.0020.0040.0060.00
HEWJ: 0.53
HEEM: 2.23

The current HEWJ Sharpe Ratio is 0.16, which is lower than the HEEM Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of HEWJ and HEEM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.00NovemberDecember2025FebruaryMarchApril
0.16
0.64
HEWJ
HEEM

Dividends

HEWJ vs. HEEM - Dividend Comparison

HEWJ's dividend yield for the trailing twelve months is around 2.26%, less than HEEM's 2.33% yield.


TTM20242023202220212020201920182017201620152014
HEWJ
iShares Currency Hedged MSCI Japan ETF
2.26%2.20%2.03%47.67%2.03%1.20%2.78%1.37%1.21%1.88%3.25%2.15%
HEEM
iShares Currency Hedged MSCI Emerging Markets ETF
2.33%2.38%2.75%7.49%1.19%1.49%3.04%2.37%2.05%1.84%6.28%2.04%

Drawdowns

HEWJ vs. HEEM - Drawdown Comparison

The maximum HEWJ drawdown since its inception was -31.53%, smaller than the maximum HEEM drawdown of -34.02%. Use the drawdown chart below to compare losses from any high point for HEWJ and HEEM. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%NovemberDecember2025FebruaryMarchApril
-7.49%
-8.93%
HEWJ
HEEM

Volatility

HEWJ vs. HEEM - Volatility Comparison

iShares Currency Hedged MSCI Japan ETF (HEWJ) has a higher volatility of 15.66% compared to iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) at 9.58%. This indicates that HEWJ's price experiences larger fluctuations and is considered to be riskier than HEEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%12.00%14.00%16.00%NovemberDecember2025FebruaryMarchApril
15.66%
9.58%
HEWJ
HEEM