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EMGFvsHEEMETF Comparison

ETF 1

EMGF

iShares Emerging Markets Equity Factor ETF

This fund is part of

EM Large & Mid Cap

+2.01%

Full EMGF fund page

VS

ETF 2

HEEM

iShares Currency Hedged MSCI Emerging Markets ETF

This fund is part of

EM Large & Mid Cap

+2.01%

Full HEEM fund page

iShares Emerging Markets Equity Factor ETF (EMGF) and iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) belong to the same industry segment: EM Large & Mid Cap. EMGF's top 3 sector exposures are Technology, Finance and Industrials. In contrast, HEEM's top sector exposures are Technology, Finance and Non-Energy Materials. EMGF is less expensive with a Total Expense Ratio (TER) of 0.26%, versus 1.51% for HEEM. EMGF is up 19.02% year-to-date (YTD) with +$305M in YTD flows. HEEM performs worse with 16.14% YTD performance, and +$63M in YTD flows. Run a side-by-side ETF comparison of EMGF and HEEM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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EMGF vs HEEM performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 10/28/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	EMGF HEEM	-4.88%-5.26%	+2.73%+0.42%	+19.02%+16.14%	+18.90%+16.48%	+92.18%+87.36%	+59.04%+52.30%
Flows	EMGF HEEM	+$13M-$180K	+$42M+$13M	+$305M+$63M	+$356M+$65M	+$756M+$67M	+$798M+$48M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	EMGF HEEM	+20.28%+20.30%	+23.15%+23.31%	+17.70%+18.10%	+16.89%+17.77%
Max drawdown	EMGF HEEM	-10.70%-10.36%	-14.42%-15.56%	-16.15%-15.56%	-26.61%-26.66%
Max drawdown duration	EMGF HEEM	36d36d	128d128d	220d128d	902d967d

Trading data

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	EMGF	HEEM
Last sale 10/29/2026 at 1:30 PM	$67.52	$39.63
Previous close 10/28/2026	$68.19	$40.03
Consolidated volume 10/28/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 30, 2026

1-year trailing difference

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	EMGF	HEEM
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/29/2026 at 1:30 PM

Live

Closed

	EMGF	HEEM
Last price	$67.52	$39.63
1D performance	-0.99%	-1.00%
AuM	$1.86 B	$284.13 M
E/R	0.26%	1.51%

Characteristics

	EMGF	HEEM
Management strategy	Passive	Passive
Provider	iShares	iShares
Benchmark	STOXX Emerging Markets Equity Factor Index	MSCI Emerging Markets Index
N° of holdings	654	1
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	December 8, 2015	September 23, 2014
ESG	No	No

More EMGF data on Trackinsight

More HEEM data on Trackinsight

Exposure

Countries

EMGF

Taiwan

25.59%

China

20.53%

Republic of Korea

20.45%

India

12.33%

Other

21.1%

HEEM

Taiwan

27.51%

Republic of Korea

20.67%

China

18.5%

India

11.35%

Other

21.96%

Sectors

EMGF

Technology

41.04%

Finance

21.08%

Industrials

7.52%

Consumer Non-Cycl.

7.08%

Non-Energy Materi.

7.05%

Other

16.23%

HEEM

Technology

44.9%

Finance

21.11%

Non-Energy Materi.

7.17%

Other

26.82%

Diversification

EMGF

Total weight of top 15 holdings out of 15

34.22%

HEEM

Total weight of top 1 holdings out of 1

99.93%

Top 15 holdings

Data as of August 31, 2026

EMGF

Taiwan Semiconductor Manufacturing Co., Ltd.

10.31%

Samsung Electronics Co., Ltd.

6.80%

SK hynix, Inc.

4.51%

Tencent Holdings Ltd.

2.72%

Alibaba Group Holding Ltd.

1.96%

MediaTek, Inc.

1.50%

China Construction Bank Corp.

1.02%

Delta Electronics, Inc.

1.00%

Industrial & Commercial Bank of China Ltd.

0.76%

Hon Hai Precision Industry Co., Ltd.

0.66%

SK Square Co. Ltd.

0.65%

Bank of China Ltd.

0.62%

ICICI Bank Ltd.

0.61%

PDD Holdings, Inc.

0.56%

Samsung Electro-Mechanics Co., Ltd.

0.55%

HEEM

US4642872349

99.93%

Frequently asked questions about EMGF and HEEM

How have the EMGF and HEEM ETFs performed in 2026?

As of October 28, 2026, EMGF is up 19.02% year-to-date (YTD), while HEEM has returned 16.14%. That puts EMGF better performer ahead so far this year.

Which ETF is attracting more investor money: EMGF or HEEM?

Year-to-date, the EMGF ETF saw +$305M in flows, compared to +$63M for HEEM.

Which ETF is more volatile: EMGF or HEEM?

Over the past year, EMGF had a volatility of 23.15%, while HEEM experienced 23.31%.

Which ETF is bigger: EMGF or HEEM?

As of October 28, 2026, EMGF holds $1.86 B in assets under management (AUM), while HEEM manages $284.13 M.

What sectors do the EMGF and HEEM ETFs invest in?

EMGF leans toward sectors like Technology, Finance and Industrials. Meanwhile, HEEM focuses on Technology, Finance and Non-Energy Materials.

What are the top holdings of the EMGF ETF and HEEM ETF?

EMGF top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc.. HEEM holds in its top three: US4642872349.

EMGFvsHEEMETF Comparison

iShares Emerging Markets Equity Factor ETF

iShares Currency Hedged MSCI Emerging Markets ETF

EMGF vs HEEM performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the EMGF and HEEM ETFs performed in 2026?

As of October 28, 2026, EMGF is up 19.02% year-to-date (YTD), while HEEM has returned 16.14%. That puts EMGF better performer ahead so far this year.

Which ETF is attracting more investor money: EMGF or HEEM?

Year-to-date, the EMGF ETF saw +$305M in flows, compared to +$63M for HEEM.

Which ETF is more volatile: EMGF or HEEM?

Over the past year, EMGF had a volatility of 23.15%, while HEEM experienced 23.31%.

Which ETF is bigger: EMGF or HEEM?

As of October 28, 2026, EMGF holds $1.86 B in assets under management (AUM), while HEEM manages $284.13 M.

What sectors do the EMGF and HEEM ETFs invest in?

EMGF leans toward sectors like Technology, Finance and Industrials. Meanwhile, HEEM focuses on Technology, Finance and Non-Energy Materials.

What are the top holdings of the EMGF ETF and HEEM ETF?

EMGF top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc.. HEEM holds in its top three: US4642872349.

Which ETF is more diversified: EMGF or HEEM?

EMGF holds 671 securities with 34.22% of its assets in the top 15. HEEM has 1173 securities and a top 15 weight of 99.93%.

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