GEMvsHEEMETF Comparison
ETF 1
GEM
Goldman Sachs ActiveBeta Emerging Markets Equity ETF
This fund is part of
EM Large & Mid Cap
+1.07%
VS
ETF 2
HEEM
iShares Currency Hedged MSCI Emerging Markets ETF
This fund is part of
EM Large & Mid Cap
+1.07%
Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) 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: Information Technology, Financials and Consumer Discretionary. GEM is less expensive with a Total Expense Ratio (TER) of 0.54%, versus 1.51% for HEEM. GEM is up 14.7% year-to-date (YTD) with +$161M in YTD flows. HEEM performs better with 17.4% YTD performance, and +$27M in YTD flows. Run a side-by-side ETF comparison of GEM 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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GEM vs HEEM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | GEM HEEM | +11.05%+11.62% | +6.80%+8.74% | +14.70%+17.40% | +48.64%+51.10% | +73.29%+85.07% | +34.24%+47.11% |
| Flows | GEM HEEM | +$106M+$11M | +$135M+$17M | +$161M+$27M | +$215M+$22M | +$57M+$17M | +$26M-$3M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GEM HEEM | +27.87%+24.85% | +17.22%+16.05% | +15.08%+15.42% | +15.38%+16.26% |
| Max drawdown | GEM HEEM | -13.50%-10.68% | -13.50%-10.68% | -14.73%-14.41% | -35.04%-30.46% |
| Max drawdown duration | GEM HEEM | 57d49d | 57d49d | 223d240d | 1485d1192d |
Trading data
GEM | HEEM | |
Last sale 4/27/2026 at 1:30 PM | $48.10 | $40.84 |
| Previous close 04/24/2026 | $48.21 | $40.80 |
| Consolidated volume 04/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 2026
1-year trailing difference
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GEM | 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 4/27/2026 at 1:30 PM
Live
Closed
GEM | HEEM | |
|---|---|---|
| Last price | $48.10 | $40.84 |
| 1D performance | -0.22% | +0.09% |
| AuM | $1.53 B | $254.03 M |
| E/R | 0.54% | 1.51% |
Characteristics
GEM | HEEM | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Goldman Sachs | iShares |
| Benchmark | Goldman Sachs ActiveBeta Emerging Markets Equity Index | MSCI Emerging Markets Index |
| N° of holdings | 699 | 1095 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 25, 2015 | September 23, 2014 |
| ESG | No | No |
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Exposure
Countries
GEM
Taiwan
21.29%
Republic of Korea
16.14%
China
11.76%
India
11.75%
Cayman Islands
11.17%
Other
27.9%
HEEM
Taiwan
22.2%
Republic of Korea
15.44%
Cayman Islands
13%
India
12.58%
China
10.93%
Other
25.86%
Sectors
GEM
Information Techn.
31.92%
Financials
21.05%
Consumer Discreti.
8.79%
Communication Ser.
7.83%
Other
30.4%
HEEM
Information Techn.
31.74%
Financials
20.19%
Consumer Discreti.
9.5%
Communication Ser.
7.49%
Other
31.08%
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Diversification
GEM
Total weight of top 15 holdings out of 15
33.57%
HEEM
Total weight of top 15 holdings out of 15
36.21%
Top 15 holdings
Data as of March 31, 2026
GEM
TWN SEMICONT MAN
13.23%
SAMSUNG ELECTR
5.15%
TENCENT HOLDINGS
3.63%
SK HYNIX
3.20%
ALIBABA GROUP HOLDING LTD
2.24%
CHINA CONSTRUCTION BANK
0.86%
HDFC BANK
0.69%
DELTA ELECTRONIC
0.68%
MEDIATEK INC
0.66%
SAMSUNG ELEC-1P PRF
0.62%
ICICI BANK
0.59%
RELIANCE INDUSTRIES
0.56%
PINDUODUO INC ADR
0.52%
XIAOMI CORP
0.48%
ITAU UNIBANCO HOLDING PRF
0.47%
HEEM
TWN SEMICONT MAN
13.27%
SAMSUNG ELECTR
5.06%
TENCENT HOLDINGS
3.85%
SK HYNIX
2.81%
ALIBABA GROUP HOLDING LTD
2.55%
US0669224778
1.67%
CHINA CONSTRUCTION BANK
1.01%
HDFC BANK
0.86%
RELIANCE INDUSTRIES
0.84%
DELTA ELECTRONIC
0.82%
HON HAI PRECISION INDUSTRY
0.72%
PINDUODUO INC ADR
0.71%
MEDIATEK INC
0.70%
XIAOMI CORP
0.68%
ICICI BANK
0.66%
Frequently asked questions about GEM and HEEM
How have the GEM and HEEM ETFs performed in 2026?
As of April 24, 2026, GEM is up 14.7% year-to-date (YTD), while HEEM has returned 17.4%. That puts HEEM better performer ahead so far this year.
Which ETF is attracting more investor money: GEM or HEEM?
Year-to-date, the GEM ETF saw +$161M in flows, compared to +$27M for HEEM.
Which ETF is more volatile: GEM or HEEM?
Over the past year, GEM had a volatility of 17.22%, while HEEM experienced 16.05%.
Which ETF is bigger: GEM or HEEM?
As of April 24, 2026, GEM holds $1.53 B in assets under management (AUM), while HEEM manages $254.03 M.
What sectors do the GEM and HEEM ETFs invest in?
GEM leans toward sectors like Information Technology, Financials and Consumer Discretionary. Meanwhile, HEEM focuses on Information Technology, Financials and Consumer Discretionary.
What are the top holdings of the GEM ETF and HEEM ETF?
GEM top holdings include TWN SEMICONT MAN, SAMSUNG ELECTR and TENCENT HOLDINGS. HEEM holds in its top three: TWN SEMICONT MAN, SAMSUNG ELECTR and TENCENT HOLDINGS.
Which ETF is more diversified: GEM or HEEM?
GEM holds 739 securities with 33.57% of its assets in the top 15. HEEM has 1207 securities and a top 15 weight of 36.21%.
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