HEEMvsEEMXETF 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
EEMX
State Street SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF
This fund is part of
EM Large & Mid Cap
-2.47%
iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) and State Street SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF (EEMX) belong to the same industry segment: EM Large & Mid Cap. HEEM's top 3 sector exposures are Technology, Finance and Non-Energy Materials. In contrast, EEMX's top sector exposures are Technology, Finance and Consumer Non-Cyclicals. HEEM is more expensive with a Total Expense Ratio (TER) of 1.51%, versus 0.3% for EEMX. HEEM is up 19.82% year-to-date (YTD) with +$62M in YTD flows. EEMX performs better with 23.69% YTD performance, and +$64M in YTD flows. Run a side-by-side ETF comparison of HEEM and EEMX 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 EEMX 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 EEMX | -1.99%-0.15% | -7.52%-3.44% | +19.82%+23.69% | +27.92%+31.16% | +83.17%+87.34% | +56.35%+51.15% |
| Flows | HEEM EEMX | +$6M- | +$28M+$5M | +$62M+$64M | +$61M+$64M | +$62M+$46M | +$43M-$20M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HEEM EEMX | +27.07%+26.91% | +23.10%+23.94% | +17.88%+18.44% | +17.66%+18.07% |
| Max drawdown | HEEM EEMX | -15.12%-13.55% | -15.12%-13.75% | -15.12%-15.97% | -27.32%-32.89% |
| Max drawdown duration | HEEM EEMX | 84d84d | 84d53d | 84d240d | 1070d1080d |
Trading data
HEEM | EEMX | |
Last sale 9/15/2026 at 1:30 PM | $41.48 | $51.92 |
| Previous close 09/14/2026 | $41.50 | $52.20 |
| 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 | EEMX | |
|---|---|---|
| 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 | EEMX | |
|---|---|---|
| Last price | $41.48 | $51.92 |
| 1D performance | -0.03% | -0.55% |
| AuM | $291.88 M | $184.18 M |
| E/R | 1.51% | 0.3% |
Characteristics
HEEM | EEMX | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | State Street Investment Management |
| Benchmark | MSCI Emerging Markets Index | MSCI Emerging Markets ex Fossil Fuels Index |
| N° of holdings | 1122 | 969 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 23, 2014 | October 24, 2016 |
| ESG | No | Yes |
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Exposure
Countries
HEEM
Taiwan
26.29%
China
20.72%
Republic of Korea
17.98%
India
12.5%
Other
22.51%
EEMX
Taiwan
27.31%
Republic of Korea
20.8%
China
18.99%
India
10.55%
Other
22.34%
Sectors
HEEM
Technology
42.33%
Finance
23.14%
Other
34.54%
EEMX
Technology
45.69%
Finance
22.31%
Other
32%
Diversification
HEEM
Total weight of top 15 holdings out of 15
39.32%
EEMX
Total weight of top 15 holdings out of 15
42.31%
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%
EEMX
Taiwan Semiconductor Manufacturing Co., Ltd.
15.88%
Samsung Electronics Co., Ltd.
7.48%
SK hynix, Inc.
5.61%
Tencent Holdings Ltd.
3.26%
Alibaba Group Holding Ltd.
2.04%
MediaTek, Inc.
1.38%
Samsung Electronics Co., Ltd.
0.95%
Delta Electronics, Inc.
0.87%
China Construction Bank Corp.
0.86%
Hon Hai Precision Industry Co., Ltd.
0.83%
HDFC Bank Ltd.
0.78%
ICICI Bank Ltd.
0.69%
SK Square Co. Ltd.
0.59%
Xiaomi Corp.
0.55%
Industrial & Commercial Bank of China Ltd.
0.55%
Frequently asked questions about HEEM and EEMX
How have the HEEM and EEMX ETFs performed in 2026?
As of September 14, 2026, HEEM is up 19.82% year-to-date (YTD), while EEMX has returned 23.69%. That puts EEMX better performer ahead so far this year.
Which ETF is attracting more investor money: HEEM or EEMX?
Year-to-date, the HEEM ETF saw +$62M in flows, compared to +$64M for EEMX.
Which ETF is more volatile: HEEM or EEMX?
Over the past year, HEEM had a volatility of 23.1%, while EEMX experienced 23.94%.
Which ETF is bigger: HEEM or EEMX?
As of September 14, 2026, HEEM holds $291.88 M in assets under management (AUM), while EEMX manages $184.18 M.
What sectors do the HEEM and EEMX ETFs invest in?
HEEM leans toward sectors like Technology and Finance. Meanwhile, EEMX focuses on Technology and Finance.
What are the top holdings of the HEEM ETF and EEMX ETF?
HEEM top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc.. EEMX 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 EEMX?
HEEM holds 1179 securities with 39.32% of its assets in the top 15. EEMX has 1019 securities and a top 15 weight of 42.31%.
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