HEEMvsDBEMETF Comparison
ETF 1
HEEM
iShares Currency Hedged MSCI Emerging Markets ETF
This fund is part of
EM Large & Mid Cap
-2.47%
VS
ETF 2
DBEM
Xtrackers MSCI Emerging Markets Hedged Equity ETF
This fund is part of
EM Large & Mid Cap
-2.47%
iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) and Xtrackers MSCI Emerging Markets Hedged Equity ETF (DBEM) 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. HEEM is more expensive with a Total Expense Ratio (TER) of 1.51%, versus 0.66% for DBEM. HEEM is up 19.82% year-to-date (YTD) with +$62M in YTD flows. DBEM performs better with 21.03% YTD performance, and +$15M in YTD flows. Run a side-by-side ETF comparison of HEEM and DBEM 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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HEEM vs DBEM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/14/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HEEM DBEM | -1.99%-1.06% | -7.52%-5.44% | +19.82%+21.03% | +27.92%+29.73% | +83.17%+82.71% | +56.35%+54.58% |
| Flows | HEEM DBEM | +$6M+$2M | +$28M+$10M | +$62M+$15M | +$61M+$15M | +$62M-$26M | +$43M-$30M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HEEM DBEM | +27.07%+25.28% | +23.10%+20.79% | +17.88%+16.11% | +17.66%+15.59% |
| Max drawdown | HEEM DBEM | -15.12%-14.08% | -15.12%-14.08% | -15.12%-14.08% | -27.32%-28.21% |
| Max drawdown duration | HEEM DBEM | 84d84d | 84d84d | 84d84d | 1070d1071d |
Trading data
HEEM | DBEM | |
Last sale 9/15/2026 at 1:30 PM | $41.48 | $38.44 |
| Previous close 09/14/2026 | $41.50 | $38.52 |
| Consolidated volume 09/14/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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HEEM | DBEM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/15/2026 at 1:30 PM
Live
Closed
HEEM | DBEM | |
|---|---|---|
| Last price | $41.48 | $38.44 |
| 1D performance | -0.03% | -0.21% |
| AuM | $291.88 M | $109.74 M |
| E/R | 1.51% | 0.66% |
Characteristics
HEEM | DBEM | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | Xtrackers by DWS |
| Benchmark | MSCI Emerging Markets Index | MSCI Emerging Markets Index |
| N° of holdings | 1122 | 1077 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 23, 2014 | June 8, 2011 |
| ESG | No | No |
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Exposure
Countries
HEEM
Taiwan
26.29%
China
20.72%
Republic of Korea
17.98%
India
12.5%
Other
22.51%
DBEM
Taiwan
25.92%
China
19.2%
Republic of Korea
18.24%
India
11.69%
Other
24.95%
Sectors
HEEM
Technology
42.33%
Finance
23.14%
Other
34.54%
DBEM
Technology
42.01%
Finance
21.87%
Other
36.12%
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Diversification
HEEM
Total weight of top 15 holdings out of 15
39.32%
DBEM
Total weight of top 15 holdings out of 15
38.56%
Top 15 holdings
Data as of July 31, 2026
HEEM
Taiwan Semiconductor Manufacturing Co., Ltd.
15.13%
Samsung Electronics Co., Ltd.
6.09%
SK hynix, Inc.
4.59%
Tencent Holdings Ltd.
3.35%
Alibaba Group Holding Ltd.
2.16%
MediaTek, Inc.
1.30%
China Construction Bank Corp.
0.91%
Delta Electronics, Inc.
0.83%
HDFC Bank Ltd.
0.79%
Hon Hai Precision Industry Co., Ltd.
0.78%
Samsung Electronics Co., Ltd.
0.76%
Reliance Industries Ltd.
0.74%
ICICI Bank Ltd.
0.70%
Xiaomi Corp.
0.61%
Industrial & Commercial Bank of China Ltd.
0.57%
DBEM
Taiwan Semiconductor Manufacturing Co., Ltd.
14.89%
Samsung Electronics Co., Ltd.
6.06%
SK hynix, Inc.
5.04%
Tencent Holdings Ltd.
3.03%
Alibaba Group Holding Ltd.
1.96%
MediaTek, Inc.
1.27%
China Construction Bank Corp.
0.84%
Delta Electronics, Inc.
0.82%
Hon Hai Precision Industry Co., Ltd.
0.78%
HDFC Bank Ltd.
0.75%
Samsung Electronics Co., Ltd.
0.74%
ICICI Bank Ltd.
0.68%
Reliance Industries Ltd.
0.62%
Xiaomi Corp.
0.55%
Industrial & Commercial Bank of China Ltd.
0.53%
Frequently asked questions about HEEM and DBEM
How have the HEEM and DBEM ETFs performed in 2026?
As of September 14, 2026, HEEM is up 19.82% year-to-date (YTD), while DBEM has returned 21.03%. That puts DBEM better performer ahead so far this year.
Which ETF is attracting more investor money: HEEM or DBEM?
Year-to-date, the HEEM ETF saw +$62M in flows, compared to +$15M for DBEM.
Which ETF is more volatile: HEEM or DBEM?
Over the past year, HEEM had a volatility of 23.1%, while DBEM experienced 20.79%.
Which ETF is bigger: HEEM or DBEM?
As of September 14, 2026, HEEM holds $291.88 M in assets under management (AUM), while DBEM manages $109.74 M.
What sectors do the HEEM and DBEM ETFs invest in?
HEEM leans toward sectors like Technology and Finance. Meanwhile, DBEM focuses on Technology and Finance.
What are the top holdings of the HEEM ETF and DBEM ETF?
HEEM top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc.. DBEM holds in its top three: Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc..
Which ETF is more diversified: HEEM or DBEM?
HEEM holds 1179 securities with 39.32% of its assets in the top 15. DBEM has 1142 securities and a top 15 weight of 38.56%.
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