HEEMvsEEMETF Comparison
ETF 1
HEEM
iShares Currency Hedged MSCI Emerging Markets ETF
This fund is part of
EM Large & Mid Cap
+0.11%
VS
iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) and iShares MSCI Emerging Markets ETF (EEM) 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 0.72% for EEM. HEEM is up 20.09% year-to-date (YTD) with +$62M in YTD flows. EEM performs better with 21.02% YTD performance, and +$4.94B in YTD flows. Run a side-by-side ETF comparison of HEEM and EEM 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 EEM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HEEM EEM | -2.68%-2.20% | -5.75%-5.34% | +20.09%+21.02% | +27.54%+27.98% | +84.68%+80.23% | +58.31%+42.41% |
| Flows | HEEM EEM | +$6M+$485M | +$28M+$1.45B | +$62M+$4.94B | +$61M+$5.22B | +$62M-$212M | +$46M-$2.25B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HEEM EEM | +26.68%+27.31% | +23.05%+23.61% | +17.88%+18.12% | +17.66%+18.12% |
| Max drawdown | HEEM EEM | -15.12%-14.32% | -15.12%-14.32% | -15.12%-15.99% | -27.32%-33.76% |
| Max drawdown duration | HEEM EEM | 86d85d | 86d85d | 86d218d | 1070d1342d |
Trading data
HEEM | EEM | |
Last sale 9/16/2026 at 1:30 PM | $41.55 | $65.72 |
| Previous close 09/16/2026 | $41.48 | $65.76 |
| Consolidated volume 09/16/2026 | ||
| 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 | EEM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/16/2026 at 1:30 PM
Live
Closed
HEEM | EEM | |
|---|---|---|
| Last price | $41.55 | $65.72 |
| 1D performance | +0.15% | -0.06% |
| AuM | $292.55 M | $30.63 B |
| E/R | 1.51% | 0.72% |
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Exposure
Countries
HEEM
Taiwan
26.29%
China
20.72%
Republic of Korea
17.98%
India
12.5%
Other
22.51%
EEM
Taiwan
25.86%
China
20.39%
Republic of Korea
17.68%
India
12.3%
Other
23.77%
Sectors
HEEM
Technology
42.33%
Finance
23.14%
Other
34.54%
EEM
Technology
41.63%
Finance
22.76%
Other
35.6%
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Diversification
HEEM
Total weight of top 15 holdings out of 15
39.32%
EEM
Total weight of top 15 holdings out of 15
38.68%
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%
EEM
Taiwan Semiconductor Manufacturing Co., Ltd.
14.88%
Samsung Electronics Co., Ltd.
5.99%
SK hynix, Inc.
4.52%
Tencent Holdings Ltd.
3.29%
Alibaba Group Holding Ltd.
2.12%
MediaTek, Inc.
1.28%
China Construction Bank Corp.
0.89%
Delta Electronics, Inc.
0.82%
HDFC Bank Ltd.
0.78%
Hon Hai Precision Industry Co., Ltd.
0.77%
Samsung Electronics Co., Ltd.
0.75%
Reliance Industries Ltd.
0.73%
ICICI Bank Ltd.
0.69%
Xiaomi Corp.
0.60%
Industrial & Commercial Bank of China Ltd.
0.56%
Frequently asked questions about HEEM and EEM
How have the HEEM and EEM ETFs performed in 2026?
As of September 16, 2026, HEEM is up 20.09% year-to-date (YTD), while EEM has returned 21.02%. That puts EEM better performer ahead so far this year.
Which ETF is attracting more investor money: HEEM or EEM?
Year-to-date, the HEEM ETF saw +$62M in flows, compared to +$4.94B for EEM.
Which ETF is more volatile: HEEM or EEM?
Over the past year, HEEM had a volatility of 23.05%, while EEM experienced 23.61%.
Which ETF is bigger: HEEM or EEM?
As of September 16, 2026, HEEM holds $292.55 M in assets under management (AUM), while EEM manages $30.63 B.
What sectors do the HEEM and EEM ETFs invest in?
HEEM leans toward sectors like Technology and Finance. Meanwhile, EEM focuses on Technology and Finance.
What are the top holdings of the HEEM ETF and EEM ETF?
HEEM top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc.. EEM 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 EEM?
HEEM holds 1179 securities with 39.32% of its assets in the top 15. EEM has 1179 securities and a top 15 weight of 38.68%.
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