BROUGHT TO YOU BY:

ETF Portfolio Builder

New

ETF Portfolio Builder

New

FEMRvsHEEMETF Comparison

ETF 1

FEMR

Fidelity Enhanced Emerging Markets ETF

This fund is part of

Uncategorized Equities

-1.03%

Full FEMR fund page

VS

ETF 2

HEEM

iShares Currency Hedged MSCI Emerging Markets ETF

This fund is part of

EM Large & Mid Cap

-2.47%

Full HEEM fund page

Fidelity Enhanced Emerging Markets ETF (FEMR) belongs to the Uncategorized Equities segment. iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) is part of the EM Large & Mid Cap segment. FEMR's top 3 sector exposures are Technology, Finance and Industrials. In contrast, HEEM's top sector exposures are Technology, Finance and Non-Energy Materials. FEMR is less expensive with a Total Expense Ratio (TER) of 0.38%, versus 1.51% for HEEM. FEMR is up 27.6% year-to-date (YTD) with +$124M in YTD flows. HEEM performs worse with 19.82% YTD performance, and +$62M in YTD flows. Run a side-by-side ETF comparison of FEMR 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.

Find out how industry players manage ETF portfolios. Discover our library of Model portfolios

FEMR vs HEEM performance and flow charts

Performance

Cumulative Flows

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

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 09/14/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FEMR HEEM	+0.16%-1.99%	-2.81%-7.52%	+27.60%+19.82%	+36.54%+27.92%	n/a+83.17%	n/a+56.35%
Flows	FEMR HEEM	+$12M+$6M	+$45M+$28M	+$124M+$62M	+$139M+$61M	-+$62M	-+$43M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FEMR HEEM	+25.81%+27.07%	+22.32%+23.10%	n/a+17.88%	n/a+17.66%
Max drawdown	FEMR HEEM	-14.15%-15.12%	-14.15%-15.12%	n/a-15.12%	n/a-27.32%
Max drawdown duration	FEMR HEEM	84d84d	84d84d	n/a84d	n/a1070d

Trading data

Create an account to view trading data

Join for free

	FEMR	HEEM
Last sale 9/15/2026 at 1:30 PM	$40.66	$41.48
Previous close 09/14/2026	$40.81	$41.50
Consolidated volume 09/14/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of August 31, 2026

1-year trailing difference

Create an account to view replication metrics

Join for free

FEMR

is actively managed and doesn’t replicate an index

Create an account to view replication quality

Join for free

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

Main metrics

Last update 9/15/2026 at 1:30 PM

Live

Closed

	FEMR	HEEM
Last price	$40.66	$41.48
1D performance	-0.37%	-0.03%
AuM	$192.64 M	$291.88 M
E/R	0.38%	1.51%

Characteristics

	FEMR	HEEM
Management strategy	Active	Passive
Provider	Fidelity	iShares
Benchmark	-	MSCI Emerging Markets Index
N° of holdings	132	1122
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	November 20, 2024	September 23, 2014
ESG	No	No

More FEMR data on Trackinsight

More HEEM data on Trackinsight

Exposure

Countries

FEMR

Taiwan

30.07%

China

21.63%

Republic of Korea

18.7%

India

9.06%

Other

20.54%

HEEM

Taiwan

26.29%

China

20.72%

Republic of Korea

17.98%

India

12.5%

Other

22.51%

Sectors

FEMR

Technology

46.36%

Finance

21.77%

Other

31.87%

HEEM

Technology

42.33%

Finance

23.14%

Other

34.54%

Diversification

FEMR

Total weight of top 15 holdings out of 15

40.67%

HEEM

Total weight of top 15 holdings out of 15

39.32%

Top 15 holdings

Data as of July 31, 2026

FEMR

Taiwan Semiconductor Manufacturing Co., Ltd.

14.82%

Samsung Electronics Co., Ltd.

5.67%

SK hynix, Inc.

4.40%

Tencent Holdings Ltd.

2.42%

MediaTek, Inc.

1.84%

Hon Hai Precision Industry Co., Ltd.

1.43%

Alibaba Group Holding Ltd.

1.41%

Delta Electronics, Inc.

1.35%

Petróleo Brasileiro SA

1.19%

China Construction Bank Corp.

1.12%

Al Rajhi Bank

1.04%

ASE Technology Holding Co., Ltd.

1.02%

Saudi Arabian Oil Co.

1.01%

NetEase, Inc.

0.99%

SK Square Co. Ltd.

0.96%

HEEM

Taiwan Semiconductor Manufacturing Co., Ltd.

15.13%

Samsung Electronics Co., Ltd.

6.09%

SK hynix, Inc.

4.59%

Tencent Holdings Ltd.

3.35%

Alibaba Group Holding Ltd.

2.16%

MediaTek, Inc.

1.30%

China Construction Bank Corp.

0.91%

Delta Electronics, Inc.

0.83%

HDFC Bank Ltd.

0.79%

Hon Hai Precision Industry Co., Ltd.

0.78%

Samsung Electronics Co., Ltd.

0.76%

Reliance Industries Ltd.

0.74%

ICICI Bank Ltd.

0.70%

Xiaomi Corp.

0.61%

Industrial & Commercial Bank of China Ltd.

0.57%

Frequently asked questions about FEMR and HEEM

How have the FEMR and HEEM ETFs performed in 2026?

As of September 14, 2026, FEMR is up 27.6% year-to-date (YTD), while HEEM has returned 19.82%. That puts FEMR better performer ahead so far this year.

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

Year-to-date, the FEMR ETF saw +$124M in flows, compared to +$62M for HEEM.

Which ETF is more volatile: FEMR or HEEM?

Over the past year, FEMR had a volatility of 22.32%, while HEEM experienced 23.1%.

Which ETF is bigger: FEMR or HEEM?

As of September 14, 2026, FEMR holds $192.64 M in assets under management (AUM), while HEEM manages $291.88 M.

What sectors do the FEMR and HEEM ETFs invest in?

FEMR leans toward sectors like Technology and Finance. Meanwhile, HEEM focuses on Technology and Finance.

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

FEMR 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..

FEMRvsHEEMETF Comparison

Fidelity Enhanced Emerging Markets ETF

iShares Currency Hedged MSCI Emerging Markets ETF

FEMR 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 FEMR and HEEM ETFs performed in 2026?

As of September 14, 2026, FEMR is up 27.6% year-to-date (YTD), while HEEM has returned 19.82%. That puts FEMR better performer ahead so far this year.

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

Year-to-date, the FEMR ETF saw +$124M in flows, compared to +$62M for HEEM.

Which ETF is more volatile: FEMR or HEEM?

Over the past year, FEMR had a volatility of 22.32%, while HEEM experienced 23.1%.

Which ETF is bigger: FEMR or HEEM?

As of September 14, 2026, FEMR holds $192.64 M in assets under management (AUM), while HEEM manages $291.88 M.

What sectors do the FEMR and HEEM ETFs invest in?

FEMR leans toward sectors like Technology and Finance. Meanwhile, HEEM focuses on Technology and Finance.

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

FEMR 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: FEMR or HEEM?

FEMR holds 146 securities with 40.67% of its assets in the top 15. HEEM has 1179 securities and a top 15 weight of 39.32%.

Expert-Built ETF Portfolios, All in One Place