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FFEMvsHEEMETF Comparison

ETF 1

FFEM

Fidelity Fundamental Emerging Markets ETF

This fund is part of

Uncategorized Equities

-0.72%

Full FFEM fund page

VS

ETF 2

HEEM

iShares Currency Hedged MSCI Emerging Markets ETF

This fund is part of

EM Large & Mid Cap

-1.36%

Full HEEM fund page

Fidelity Fundamental Emerging Markets ETF (FFEM) belongs to the Uncategorized Equities segment. iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) is part of the EM Large & Mid Cap segment. FFEM's top 3 sector exposures are Technology, Finance and Industrials. In contrast, HEEM's top sector exposures are Technology, Finance and Non-Energy Materials. FFEM is less expensive with a Total Expense Ratio (TER) of 0.6%, versus 1.51% for HEEM. FFEM is up 21.1% year-to-date (YTD) with +$23M in YTD flows. HEEM performs worse with 18.27% YTD performance, and +$45M in YTD flows. Run a side-by-side ETF comparison of FFEM 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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FFEM vs HEEM performance and flow charts

Performance

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 07/17/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FFEM HEEM	-8.39%-7.58%	+2.83%+1.30%	+21.10%+18.27%	+43.66%+35.64%	n/a+76.63%	n/a+52.10%
Flows	FFEM HEEM	+$4M+$9M	+$4M+$22M	+$23M+$45M	+$26M+$40M	-+$48M	-+$16M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FFEM HEEM	+27.04%+31.58%	+20.59%+21.58%	n/a+17.36%	n/a+17.40%
Max drawdown	FFEM HEEM	-10.33%-11.18%	-12.61%-11.18%	n/a-14.41%	n/a-28.17%
Max drawdown duration	FFEM HEEM	25d25d	48d25d	n/a240d	n/a1161d

Trading data

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	FFEM	HEEM
Last sale 7/20/2026 at 1:30 PM	$40.37	$41.02
Previous close 07/17/2026	$40.19	$41.00
Consolidated volume 07/17/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of June 30, 2026

1-year trailing difference

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FFEM

is actively managed and doesn’t replicate an index

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

Main metrics

Last update 7/20/2026 at 1:30 PM

Live

Closed

	FFEM	HEEM
Last price	$40.37	$41.02
1D performance	+0.45%	+0.05%
AuM	$44.17 M	$271.73 M
E/R	0.6%	1.51%

Characteristics

	FFEM	HEEM
Management strategy	Active	Passive
Provider	Fidelity	iShares
Benchmark	-	MSCI Emerging Markets Index
N° of holdings	106	1128
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	November 19, 2024	September 23, 2014
ESG	No	No

More FFEM data on Trackinsight

More HEEM data on Trackinsight

Exposure

Countries

FFEM

Taiwan

25.87%

China

21.08%

Republic of Korea

20.72%

India

7.95%

Other

24.39%

HEEM

Taiwan

26.62%

Republic of Korea

23.25%

China

18.27%

India

10.77%

Other

21.08%

Sectors

FFEM

Technology

47.93%

Finance

19.39%

Industrials

7.2%

Other

25.49%

HEEM

Technology

46.98%

Finance

19.57%

Other

33.44%

Diversification

FFEM

Total weight of top 15 holdings out of 15

58.06%

HEEM

Total weight of top 15 holdings out of 15

42.53%

Top 15 holdings

Data as of May 31, 2026

FFEM

Taiwan Semiconductor Manufacturing Co., Ltd.

16.33%

Samsung Electronics Co., Ltd.

10.25%

SK hynix, Inc.

8.11%

Tencent Holdings Ltd.

4.41%

MediaTek, Inc.

2.67%

Alibaba Group Holding Ltd.

2.58%

Contemporary Amperex Technology Co., Ltd.

2.19%

Delta Electronics, Inc.

1.77%

Yageo Corp.

1.66%

China Construction Bank Corp.

1.64%

HDFC Bank Ltd.

1.42%

Al Rajhi Bank

1.33%

Larsen & Toubro Ltd.

1.26%

BYD Co., Ltd.

1.25%

Zijin Mining Group Co., Ltd.

1.18%

HEEM

Taiwan Semiconductor Manufacturing Co., Ltd.

14.74%

Samsung Electronics Co., Ltd.

7.83%

SK hynix, Inc.

6.80%

Tencent Holdings Ltd.

2.67%

Alibaba Group Holding Ltd.

2.06%

MediaTek, Inc.

1.58%

Delta Electronics, Inc.

1.21%

Hon Hai Precision Industry Co., Ltd.

0.90%

Samsung Electronics Co., Ltd.

0.86%

China Construction Bank Corp.

0.73%

HDFC Bank Ltd.

0.70%

Reliance Industries Ltd.

0.67%

Samsung Electro-Mechanics Co., Ltd.

0.63%

SK Square Co. Ltd.

0.60%

ICICI Bank Ltd.

0.55%

Frequently asked questions about FFEM and HEEM

How have the FFEM and HEEM ETFs performed in 2026?

As of July 17, 2026, FFEM is up 21.1% year-to-date (YTD), while HEEM has returned 18.27%. That puts FFEM better performer ahead so far this year.

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

Year-to-date, the FFEM ETF saw +$23M in flows, compared to +$45M for HEEM.

Which ETF is more volatile: FFEM or HEEM?

Over the past year, FFEM had a volatility of 20.59%, while HEEM experienced 21.58%.

Which ETF is bigger: FFEM or HEEM?

As of July 17, 2026, FFEM holds $44.17 M in assets under management (AUM), while HEEM manages $271.73 M.

What sectors do the FFEM and HEEM ETFs invest in?

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

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

FFEM 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..

FFEMvsHEEMETF Comparison

Fidelity Fundamental Emerging Markets ETF

iShares Currency Hedged MSCI Emerging Markets ETF

FFEM 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 FFEM and HEEM ETFs performed in 2026?

As of July 17, 2026, FFEM is up 21.1% year-to-date (YTD), while HEEM has returned 18.27%. That puts FFEM better performer ahead so far this year.

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

Year-to-date, the FFEM ETF saw +$23M in flows, compared to +$45M for HEEM.

Which ETF is more volatile: FFEM or HEEM?

Over the past year, FFEM had a volatility of 20.59%, while HEEM experienced 21.58%.

Which ETF is bigger: FFEM or HEEM?

As of July 17, 2026, FFEM holds $44.17 M in assets under management (AUM), while HEEM manages $271.73 M.

What sectors do the FFEM and HEEM ETFs invest in?

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

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

FFEM 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: FFEM or HEEM?

FFEM holds 108 securities with 58.06% of its assets in the top 15. HEEM has 1187 securities and a top 15 weight of 42.53%.

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