GEMvsHEEMETF Comparison
ETF 1
GEM
Goldman Sachs ActiveBeta Emerging Markets Equity ETF
This fund is part of
EM Large & Mid Cap
+1.56%
VS
ETF 2
HEEM
iShares Currency Hedged MSCI Emerging Markets ETF
This fund is part of
EM Large & Mid Cap
+1.56%
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: Technology, Finance and Non-Energy Materials. GEM is less expensive with a Total Expense Ratio (TER) of 0.59%, versus 1.51% for HEEM. GEM is up 14.3% year-to-date (YTD) with +$312M in YTD flows. HEEM performs worse with 14.06% YTD performance, and +$63M 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 10/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | GEM HEEM | -7.31%-6.96% | -3.22%-3.52% | +14.30%+14.06% | +14.75%+14.26% | +79.06%+85.63% | +40.43%+49.61% |
| Flows | GEM HEEM | +$28M-$180K | +$52M+$13M | +$312M+$63M | +$343M+$65M | +$224M+$67M | +$93M+$48M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GEM HEEM | +21.14%+20.42% | +23.27%+23.25% | +17.58%+18.08% | +16.78%+17.75% |
| Max drawdown | GEM HEEM | -10.29%-10.36% | -13.50%-15.56% | -14.73%-15.56% | -30.83%-26.66% |
| Max drawdown duration | GEM HEEM | 48d35d | 57d127d | 223d127d | 993d967d |
Trading data
GEM | HEEM | |
Last sale 10/28/2026 at 1:30 PM | $48.58 | $40.03 |
| Previous close 10/27/2026 | $47.92 | $39.47 |
| Consolidated volume 10/27/2026 | ||
| 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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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 10/28/2026 at 1:30 PM
Live
Closed
GEM | HEEM | |
|---|---|---|
| Last price | $48.58 | $40.03 |
| 1D performance | +1.38% | +1.42% |
| AuM | $1.67 B | $279.04 M |
| E/R | 0.59% | 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 | 697 | 1 |
| 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
24.08%
Republic of Korea
18.43%
China
17.83%
India
9.88%
Other
29.78%
HEEM
Taiwan
27.51%
Republic of Korea
20.67%
China
18.5%
India
11.35%
Other
21.96%
Sectors
GEM
Technology
40.28%
Finance
19.88%
Other
39.85%
HEEM
Technology
44.9%
Finance
21.11%
Non-Energy Materi.
7.17%
Other
26.82%
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Diversification
GEM
Total weight of top 15 holdings out of 15
35.49%
HEEM
Total weight of top 1 holdings out of 1
99.93%
Top 15 holdings
Data as of August 31, 2026
GEM
Taiwan Semiconductor Manufacturing Co., Ltd.
13.94%
Samsung Electronics Co., Ltd.
6.54%
SK hynix, Inc.
4.36%
Tencent Holdings Ltd.
2.59%
Alibaba Group Holding Ltd.
1.68%
MediaTek, Inc.
1.32%
Samsung Electronics Co., Ltd.
0.84%
China Construction Bank Corp.
0.74%
Delta Electronics, Inc.
0.67%
US46434G8143
0.53%
ICICI Bank Ltd.
0.47%
Samsung Electro-Mechanics Co., Ltd.
0.47%
HDFC Bank Ltd.
0.47%
Hon Hai Precision Industry Co., Ltd.
0.46%
King Slide Works Co., Ltd.
0.39%
HEEM
US4642872349
99.93%
Frequently asked questions about GEM and HEEM
How have the GEM and HEEM ETFs performed in 2026?
As of October 27, 2026, GEM is up 14.3% year-to-date (YTD), while HEEM has returned 14.06%. That puts GEM better performer ahead so far this year.
Which ETF is attracting more investor money: GEM or HEEM?
Year-to-date, the GEM ETF saw +$312M in flows, compared to +$63M for HEEM.
Which ETF is more volatile: GEM or HEEM?
Over the past year, GEM had a volatility of 23.27%, while HEEM experienced 23.25%.
Which ETF is bigger: GEM or HEEM?
As of October 27, 2026, GEM holds $1.67 B in assets under management (AUM), while HEEM manages $279.04 M.
What sectors do the GEM and HEEM ETFs invest in?
GEM leans toward sectors like Technology and Finance. Meanwhile, HEEM focuses on Technology, Finance and Non-Energy Materials.
What are the top holdings of the GEM ETF and HEEM ETF?
GEM 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: GEM or HEEM?
GEM holds 740 securities with 35.49% of its assets in the top 15. HEEM has 1173 securities and a top 15 weight of 99.93%.
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