FDEMvsHEEMETF Comparison
VS
ETF 2
HEEM
iShares Currency Hedged MSCI Emerging Markets ETF
This fund is part of
EM Large & Mid Cap
-1.26%
Fidelity Emerging Markets Multifactor ETF (FDEM) and iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) belong to the same industry segment: EM Large & Mid Cap. Both ETFs have the same top 3 sector exposures: Technology, Finance and Non-Energy Materials. FDEM is less expensive with a Total Expense Ratio (TER) of 0.25%, versus 1.51% for HEEM. FDEM is up 14.94% year-to-date (YTD) with +$96M in YTD flows. HEEM performs worse with 14.59% YTD performance, and +$67M in YTD flows. Run a side-by-side ETF comparison of FDEM 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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FDEM vs HEEM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FDEM HEEM | -2.75%-4.58% | -0.82%-4.11% | +14.94%+14.59% | +17.18%+18.11% | +73.93%+79.05% | +59.09%+49.31% |
| Flows | FDEM HEEM | -$63M+$5M | -$56M+$23M | +$96M+$67M | +$212M+$69M | +$396M+$70M | +$406M+$52M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FDEM HEEM | +18.59%+21.03% | +19.56%+23.15% | +15.32%+18.04% | +14.45%+17.72% |
| Max drawdown | FDEM HEEM | -6.80%-8.64% | -12.46%-15.12% | -13.80%-15.12% | -23.58%-27.32% |
| Max drawdown duration | FDEM HEEM | 37d24d | 64d116d | 225d116d | 848d1070d |
Trading data
FDEM | HEEM | |
Last sale 10/16/2026 at 1:30 PM | $34.15 | $39.59 |
| Previous close 10/15/2026 | $34.50 | $40.34 |
| Consolidated volume 10/15/2026 | ||
| 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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FDEM | HEEM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
FDEM | HEEM | |
|---|---|---|
| Last price | $34.15 | $39.59 |
| 1D performance | -1.01% | -1.86% |
| AuM | $509.79 M | $283.90 M |
| E/R | 0.25% | 1.51% |
Characteristics
FDEM | HEEM | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Fidelity | iShares |
| Benchmark | Fidelity Emerging Markets Multifactor Index | MSCI Emerging Markets Index |
| N° of holdings | 182 | 1116 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 26, 2019 | September 23, 2014 |
| ESG | No | No |
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Exposure
Countries
FDEM
Taiwan
24.48%
China
17.3%
Republic of Korea
16.69%
India
11.69%
Other
29.83%
HEEM
Taiwan
27.51%
Republic of Korea
20.67%
China
18.5%
India
11.35%
Other
21.96%
Sectors
FDEM
Technology
35.09%
Finance
21.78%
Non-Energy Materi.
10.89%
Consumer Cyclical.
8.31%
Energy
7.27%
Healthcare
7.26%
Other
9.4%
HEEM
Technology
44.9%
Finance
21.11%
Non-Energy Materi.
7.17%
Other
26.82%
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Diversification
FDEM
Total weight of top 15 holdings out of 15
40.64%
HEEM
Total weight of top 15 holdings out of 15
40.34%
Top 15 holdings
Data as of August 31, 2026
FDEM
Taiwan Semiconductor Manufacturing Co., Ltd.
12.13%
Samsung Electronics Co., Ltd.
7.16%
SK hynix, Inc.
4.46%
China Resources Mixc Lifestyle Services Ltd.
1.93%
MediaTek, Inc.
1.82%
Emaar Development PJSC
1.75%
Fibra Uno Administración SA de CV
1.56%
Bumrungrad Hospital Public Co., Ltd.
1.41%
WuXi AppTec Co., Ltd.
1.38%
Petróleo Brasileiro SA
1.35%
Sun Pharmaceutical Industries Ltd.
1.22%
Gold Fields Ltd.
1.17%
Aurobindo Pharma Ltd.
1.14%
Sinopharm Group Co., Ltd.
1.09%
PetroChina Co., Ltd.
1.09%
HEEM
Taiwan Semiconductor Manufacturing Co., Ltd.
15.06%
Samsung Electronics Co., Ltd.
7.16%
SK hynix, Inc.
5.44%
Tencent Holdings Ltd.
2.86%
Alibaba Group Holding Ltd.
1.97%
MediaTek, Inc.
1.44%
Delta Electronics, Inc.
0.91%
Samsung Electronics Co., Ltd.
0.88%
China Construction Bank Corp.
0.82%
Hon Hai Precision Industry Co., Ltd.
0.78%
HDFC Bank Ltd.
0.68%
ICICI Bank Ltd.
0.64%
Reliance Industries Ltd.
0.62%
SK Square Co. Ltd.
0.56%
Industrial & Commercial Bank of China Ltd.
0.51%
Frequently asked questions about FDEM and HEEM
How have the FDEM and HEEM ETFs performed in 2026?
As of October 16, 2026, FDEM is up 14.94% year-to-date (YTD), while HEEM has returned 14.59%. That puts FDEM better performer ahead so far this year.
Which ETF is attracting more investor money: FDEM or HEEM?
Year-to-date, the FDEM ETF saw +$96M in flows, compared to +$67M for HEEM.
Which ETF is more volatile: FDEM or HEEM?
Over the past year, FDEM had a volatility of 19.56%, while HEEM experienced 23.15%.
Which ETF is bigger: FDEM or HEEM?
As of October 16, 2026, FDEM holds $509.79 M in assets under management (AUM), while HEEM manages $283.90 M.
What sectors do the FDEM and HEEM ETFs invest in?
FDEM leans toward sectors like Technology, Finance and Non-Energy Materials. Meanwhile, HEEM focuses on Technology, Finance and Non-Energy Materials.
What are the top holdings of the FDEM ETF and HEEM ETF?
FDEM top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc.. HEEM holds in its top three: Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc..
Which ETF is more diversified: FDEM or HEEM?
FDEM holds 182 securities with 40.64% of its assets in the top 15. HEEM has 1173 securities and a top 15 weight of 40.34%.
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