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FLAXvsHEEMETF Comparison

ETF 1
FLAX

Franklin FTSE Asia ex Japan ETF

This fund is part of
Global Blended Cap
+0.47%
VS
ETF 2
HEEM

iShares Currency Hedged MSCI Emerging Markets ETF

This fund is part of
EM Large & Mid Cap
+2.01%

Franklin FTSE Asia ex Japan ETF (FLAX) belongs to the Global Blended Cap segment. iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) is part of the EM Large & Mid Cap segment. FLAX's top 3 sector exposures are Technology, Finance and Industrials. In contrast, HEEM's top sector exposures are Technology, Finance and Non-Energy Materials. FLAX is less expensive with a Total Expense Ratio (TER) of 0.19%, versus 1.51% for HEEM. FLAX is up 17.19% year-to-date (YTD) with +$27M in YTD flows. HEEM performs worse with 16.14% YTD performance, and +$63M in YTD flows. Run a side-by-side ETF comparison of FLAX 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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FLAX vs HEEM performance and flow charts

Performance

-8.0-6.0-4.0-2.00.02.0%Sep 28Oct 5Oct 12Oct 19Oct 26

Cumulative Flows

0 M5 M10 MSep 28Oct 5Oct 12Oct 19Oct 26

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Historic performance and flows
Data as of 10/28/2026
1M3MYTD1Y3Y5Y
Perf.
FLAX
HEEM
-5.88%-5.26%
+2.24%+0.42%
+17.19%+16.14%
+17.07%+16.48%
+86.85%+87.36%
+42.95%+52.30%
Flows
FLAX
HEEM
+$14M-$180K
+$14M+$13M
+$27M+$63M
+$27M+$65M
+$26M+$67M
+$27M+$48M
Volatility and drawdown
3M1Y3Y5Y
Volatility
FLAX
HEEM
+22.77%+20.30%
+24.81%+23.31%
+19.11%+18.10%
+18.76%+17.77%
Max drawdown
FLAX
HEEM
-10.53%-10.36%
-13.64%-15.56%
-16.29%-15.56%
-34.63%-26.66%
Max drawdown duration
FLAX
HEEM
49d36d
57d128d
247d128d
1050d967d
Trading data

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FLAX
HEEM
Last sale
10/29/2026 at 1:30 PM
$34.30
$39.63
Previous close
10/28/2026
$34.74
$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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FLAX
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 10/29/2026 at 1:30 PM
Live
Closed
FLAX
HEEM
Last price
$34.30
$39.63
1D performance
-1.27%
-1.00%
AuM$68.78 M$284.13 M
E/R0.19%1.51%
Characteristics
FLAX
HEEM
Management strategyPassivePassive
ProviderFranklin TempletoniShares
BenchmarkFTSE Asia ex Japan RIC Capped IndexMSCI Emerging Markets Index
N° of holdings13761
Asset classEquitiesEquities
Trailing 12m distribution yield
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Inception dateFebruary 6, 2018September 23, 2014
ESGNoNo
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Exposure

Countries

FLAX
Taiwan
28.43%
Republic of Korea
22.63%
China
21.16%
India
14.49%
Other
13.28%
HEEM
Taiwan
27.51%
Republic of Korea
20.67%
China
18.5%
India
11.35%
Other
21.96%

Sectors

FLAX
Technology
46.44%
Finance
20.57%
Industrials
7.13%
Other
25.86%
HEEM
Technology
44.9%
Finance
21.11%
Non-Energy Materi.
7.17%
Other
26.82%
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Diversification

FLAX

Total weight of top 15 holdings out of 15

43.52%
HEEM

Total weight of top 1 holdings out of 1

99.93%

Top 15 holdings

Data as of August 31, 2026
FLAX
Taiwan Semiconductor Manufacturing Co., Ltd.
15.73%
Samsung Electronics Co., Ltd.
7.44%
SK hynix, Inc.
5.76%
Tencent Holdings Ltd.
3.03%
Alibaba Group Holding Ltd.
2.41%
MediaTek, Inc.
1.55%
DBS Group Holdings Ltd.
1.02%
Samsung Electronics Co., Ltd.
0.97%
Delta Electronics, Inc.
0.90%
China Construction Bank Corp.
0.88%
AIA Group Ltd.
0.83%
Hon Hai Precision Industry Co., Ltd.
0.80%
Reliance Industries Ltd.
0.78%
HDFC Bank Ltd.
0.74%
ICICI Bank Ltd.
0.68%
HEEM
US4642872349
99.93%
Frequently asked questions about FLAX and HEEM

How have the FLAX and HEEM ETFs performed in 2026?

As of October 28, 2026, FLAX is up 17.19% year-to-date (YTD), while HEEM has returned 16.14%. That puts FLAX better performer ahead so far this year.

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

Year-to-date, the FLAX ETF saw +$27M in flows, compared to +$63M for HEEM.

Which ETF is more volatile: FLAX or HEEM?

Over the past year, FLAX had a volatility of 24.81%, while HEEM experienced 23.31%.

Which ETF is bigger: FLAX or HEEM?

As of October 28, 2026, FLAX holds $68.78 M in assets under management (AUM), while HEEM manages $284.13 M.

What sectors do the FLAX and HEEM ETFs invest in?

FLAX 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 FLAX ETF and HEEM ETF?

FLAX 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: FLAX or HEEM?

FLAX holds 1462 securities with 43.52% of its assets in the top 15. HEEM has 1173 securities and a top 15 weight of 99.93%.

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