HEWJ vs. HEEM
Compare and contrast key facts about iShares Currency Hedged MSCI Japan ETF (HEWJ) and iShares Currency Hedged MSCI Emerging Markets ETF (HEEM).
HEWJ and HEEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HEWJ is a passively managed fund by iShares that tracks the performance of the MSCI Japan 100% Hedged to USD Index. It was launched on Jan 31, 2014. 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. Both HEWJ and HEEM 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: HEWJ or HEEM.
Performance
HEWJ vs. HEEM - Performance Comparison
Returns By Period
In the year-to-date period, HEWJ achieves a 21.15% return, which is significantly higher than HEEM's 12.92% return. Over the past 10 years, HEWJ has outperformed HEEM with an annualized return of 10.11%, while HEEM has yielded a comparatively lower 4.15% annualized return.
HEWJ
21.15%
0.82%
1.03%
21.39%
14.71%
10.11%
HEEM
12.92%
-3.98%
2.72%
16.44%
4.56%
4.15%
Key characteristics
| HEWJ | HEEM | |
|---|---|---|
| Sharpe Ratio | 1.05 | 1.10 |
| Sortino Ratio | 1.42 | 1.63 |
| Omega Ratio | 1.20 | 1.20 |
| Calmar Ratio | 1.00 | 0.65 |
| Martin Ratio | 3.29 | 5.31 |
| Ulcer Index | 6.36% | 2.98% |
| Daily Std Dev | 19.90% | 14.33% |
| Max Drawdown | -31.53% | -34.02% |
| Current Drawdown | -7.79% | -10.68% |
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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.
Correlation
The correlation between HEWJ and HEEM is 0.59, 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
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.
Dividends
HEWJ vs. HEEM - Dividend Comparison
HEWJ's dividend yield for the trailing twelve months is around 1.92%, less than HEEM's 2.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
HEWJ iShares Currency Hedged MSCI Japan ETF | 1.92% | 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 | 2.37% | 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.
Volatility
HEWJ vs. HEEM - Volatility Comparison
iShares Currency Hedged MSCI Japan ETF (HEWJ) has a higher volatility of 4.76% compared to iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) at 4.08%. 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.