FLAXvsHEEMETF Comparison
VS
ETF 2
HEEM
iShares Currency Hedged MSCI Emerging Markets ETF
This fund is part of
EM Large & Mid Cap
-2.65%
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 13.22% year-to-date (YTD) with +$13M in YTD flows. HEEM performs worse with 13.03% YTD performance, and +$50M 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
Cumulative Flows
Historic performance and flows
Data as of 07/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FLAX HEEM | -8.35%-10.61% | -2.37%-2.44% | +13.22%+13.03% | +26.19%+29.03% | +60.68%+64.86% | +36.66%+47.96% |
| Flows | FLAX HEEM | +$7M+$11M | +$7M+$22M | +$13M+$50M | +$13M+$44M | +$8M+$53M | +$14M+$29M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FLAX HEEM | +30.01%+32.34% | +23.03%+22.13% | +18.35%+17.54% | +18.34%+17.45% |
| Max drawdown | FLAX HEEM | -13.21%-15.12% | -13.64%-15.12% | -16.29%-15.12% | -36.08%-27.98% |
| Max drawdown duration | FLAX HEEM | 36d37d | 57d37d | 247d37d | 1372d1114d |
Trading data
FLAX | HEEM | |
Last sale 7/29/2026 at 7:29 PM | $33.26 | $39.75 |
| Previous close 07/29/2026 | $33.88 | $39.16 |
| Consolidated volume 07/29/2026 | ||
| 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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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 7/29/2026 at 7:29 PM
Live
Closed
FLAX | HEEM | |
|---|---|---|
| Last price | $33.26 | $39.75 |
| 1D performance | -1.83% | +1.51% |
| AuM | $53.16 M | $263.99 M |
| E/R | 0.19% | 1.51% |
Characteristics
FLAX | HEEM | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Franklin Templeton | iShares |
| Benchmark | FTSE Asia ex Japan RIC Capped Index | MSCI Emerging Markets Index |
| N° of holdings | 1375 | 1121 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 6, 2018 | September 23, 2014 |
| ESG | No | No |
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Exposure
Countries
FLAX
Taiwan
27.84%
Republic of Korea
26.31%
China
19.19%
India
14.52%
Other
12.14%
HEEM
Taiwan
27.28%
Republic of Korea
23.67%
China
17.19%
India
11.06%
Other
20.81%
Sectors
FLAX
Technology
49.95%
Finance
19.61%
Other
30.45%
HEEM
Technology
48.23%
Finance
20.33%
Other
31.44%
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Diversification
FLAX
Total weight of top 15 holdings out of 15
46.39%
HEEM
Total weight of top 15 holdings out of 15
43.54%
Top 15 holdings
Data as of June 30, 2026
FLAX
Taiwan Semiconductor Manufacturing Co., Ltd.
15.37%
Samsung Electronics Co., Ltd.
8.79%
SK hynix, Inc.
8.34%
Tencent Holdings Ltd.
2.82%
Alibaba Group Holding Ltd.
1.80%
MediaTek, Inc.
1.54%
Samsung Electronics Co., Ltd.
0.99%
Delta Electronics, Inc.
0.93%
DBS Group Holdings Ltd.
0.87%
SK Square Co. Ltd.
0.87%
HDFC Bank Ltd.
0.83%
Hon Hai Precision Industry Co., Ltd.
0.82%
Reliance Industries Ltd.
0.81%
AIA Group Ltd.
0.80%
China Construction Bank Corp.
0.80%
HEEM
Taiwan Semiconductor Manufacturing Co., Ltd.
15.05%
Samsung Electronics Co., Ltd.
8.14%
SK hynix, Inc.
7.63%
Tencent Holdings Ltd.
2.73%
Alibaba Group Holding Ltd.
1.60%
MediaTek, Inc.
1.55%
Delta Electronics, Inc.
0.96%
Samsung Electronics Co., Ltd.
0.89%
SK Square Co. Ltd.
0.82%
Hon Hai Precision Industry Co., Ltd.
0.78%
HDFC Bank Ltd.
0.77%
China Construction Bank Corp.
0.70%
Reliance Industries Ltd.
0.67%
Samsung Electro-Mechanics Co., Ltd.
0.64%
ICICI Bank Ltd.
0.62%
Frequently asked questions about FLAX and HEEM
How have the FLAX and HEEM ETFs performed in 2026?
As of July 29, 2026, FLAX is up 13.22% year-to-date (YTD), while HEEM has returned 13.03%. 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 +$13M in flows, compared to +$50M for HEEM.
Which ETF is more volatile: FLAX or HEEM?
Over the past year, FLAX had a volatility of 23.03%, while HEEM experienced 22.13%.
Which ETF is bigger: FLAX or HEEM?
As of July 29, 2026, FLAX holds $53.16 M in assets under management (AUM), while HEEM manages $263.99 M.
What sectors do the FLAX and HEEM ETFs invest in?
FLAX leans toward sectors like Technology and Finance. Meanwhile, HEEM focuses on Technology and Finance.
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: Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc..
Which ETF is more diversified: FLAX or HEEM?
FLAX holds 1460 securities with 46.39% of its assets in the top 15. HEEM has 1179 securities and a top 15 weight of 43.54%.
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