IEMS.L vs. HEEM
Compare and contrast key facts about iShares MSCI Emerging Markets Small Cap UCITS ETF (IEMS.L) and iShares Currency Hedged MSCI Emerging Markets ETF (HEEM).
IEMS.L and HEEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IEMS.L is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Small Cap. It was launched on Mar 6, 2009. 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 IEMS.L 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: IEMS.L or HEEM.
Performance
IEMS.L vs. HEEM - Performance Comparison
Returns By Period
In the year-to-date period, IEMS.L achieves a 2.00% return, which is significantly lower than HEEM's 12.96% return. Over the past 10 years, IEMS.L has outperformed HEEM with an annualized return of 4.53%, while HEEM has yielded a comparatively lower 4.15% annualized return.
IEMS.L
2.00%
-6.64%
-4.61%
8.20%
8.56%
4.53%
HEEM
12.96%
-4.40%
2.04%
17.30%
4.56%
4.15%
Key characteristics
| IEMS.L | HEEM | |
|---|---|---|
| Sharpe Ratio | 0.52 | 1.17 |
| Sortino Ratio | 0.83 | 1.72 |
| Omega Ratio | 1.10 | 1.22 |
| Calmar Ratio | 0.75 | 0.69 |
| Martin Ratio | 2.64 | 5.79 |
| Ulcer Index | 2.67% | 2.91% |
| Daily Std Dev | 13.53% | 14.41% |
| Max Drawdown | -49.93% | -34.02% |
| Current Drawdown | -8.68% | -10.64% |
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IEMS.L vs. HEEM - Expense Ratio Comparison
IEMS.L has a 0.74% expense ratio, which is higher than HEEM's 0.68% expense ratio.
Correlation
The correlation between IEMS.L and HEEM is 0.64, 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
IEMS.L vs. HEEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Small Cap UCITS ETF (IEMS.L) 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
IEMS.L vs. HEEM - Dividend Comparison
IEMS.L's dividend yield for the trailing twelve months is around 1.82%, less than HEEM's 2.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEMS.L iShares MSCI Emerging Markets Small Cap UCITS ETF | 1.82% | 2.09% | 2.47% | 1.29% | 1.62% | 2.05% | 2.19% | 1.32% | 2.08% | 0.87% | 1.65% | 1.67% |
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% |
Drawdowns
IEMS.L vs. HEEM - Drawdown Comparison
The maximum IEMS.L drawdown since its inception was -49.93%, which is greater than HEEM's maximum drawdown of -34.02%. Use the drawdown chart below to compare losses from any high point for IEMS.L and HEEM. For additional features, visit the drawdowns tool.
Volatility
IEMS.L vs. HEEM - Volatility Comparison
The current volatility for iShares MSCI Emerging Markets Small Cap UCITS ETF (IEMS.L) is 3.46%, while iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) has a volatility of 4.08%. This indicates that IEMS.L experiences smaller price fluctuations and is considered to be less risky than HEEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.