HEEMvsGEMETF Comparison
ETF 1
HEEM
iShares Currency Hedged MSCI Emerging Markets ETF
This fund is part of
EM Large & Mid Cap
-0.82%
VS
ETF 2
GEM
Goldman Sachs ActiveBeta Emerging Markets Equity ETF
This fund is part of
EM Large & Mid Cap
-0.82%
iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) and Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) 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 0.59% for GEM. HEEM is up 19.81% year-to-date (YTD) with +$62M in YTD flows. GEM performs better with 21.27% YTD performance, and +$283M in YTD flows. Run a side-by-side ETF comparison of HEEM and GEM 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 GEM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HEEM GEM | -2.91%-1.47% | -7.53%-3.90% | +19.81%+21.27% | +27.91%+27.93% | +83.95%+79.14% | +56.59%+47.32% |
| Flows | HEEM GEM | +$6M+$24M | +$28M+$107M | +$62M+$283M | +$61M+$326M | +$62M+$170M | +$43M+$88M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HEEM GEM | +26.86%+24.33% | +23.05%+22.89% | +17.88%+17.40% | +17.66%+16.66% |
| Max drawdown | HEEM GEM | -15.12%-12.49% | -15.12%-13.50% | -15.12%-14.73% | -27.32%-31.24% |
| Max drawdown duration | HEEM GEM | 85d85d | 85d57d | 85d223d | 1070d1301d |
Trading data
HEEM | GEM | |
Last sale 9/15/2026 at 1:30 PM | $41.48 | $50.23 |
| Previous close 09/15/2026 | $41.50 | $50.42 |
| Consolidated volume 09/15/2026 | ||
| 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 | GEM | |
|---|---|---|
| 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 | GEM | |
|---|---|---|
| Last price | $41.48 | $50.23 |
| 1D performance | -0.03% | -0.38% |
| AuM | $291.87 M | $1.74 B |
| E/R | 1.51% | 0.59% |
Characteristics
HEEM | GEM | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | Goldman Sachs |
| Benchmark | MSCI Emerging Markets Index | Goldman Sachs ActiveBeta Emerging Markets Equity Index |
| N° of holdings | 1122 | 718 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 23, 2014 | September 25, 2015 |
| 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%
GEM
Taiwan
23.15%
China
18.31%
Republic of Korea
17.59%
India
10.1%
Other
30.86%
Sectors
HEEM
Technology
42.33%
Finance
23.14%
Other
34.54%
GEM
Technology
39.22%
Finance
20.2%
Other
40.59%
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Diversification
HEEM
Total weight of top 15 holdings out of 15
39.32%
GEM
Total weight of top 15 holdings out of 15
34.32%
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%
GEM
Taiwan Semiconductor Manufacturing Co., Ltd.
13.34%
Samsung Electronics Co., Ltd.
5.97%
SK hynix, Inc.
4.52%
Tencent Holdings Ltd.
2.68%
Alibaba Group Holding Ltd.
1.66%
MediaTek, Inc.
1.27%
China Construction Bank Corp.
0.75%
Samsung Electronics Co., Ltd.
0.72%
Delta Electronics, Inc.
0.69%
ICICI Bank Ltd.
0.50%
HDFC Bank Ltd.
0.50%
Hon Hai Precision Industry Co., Ltd.
0.48%
Samsung Electro-Mechanics Co., Ltd.
0.46%
Reliance Industries Ltd.
0.39%
Itaú Unibanco Holding SA
0.39%
Frequently asked questions about HEEM and GEM
How have the HEEM and GEM ETFs performed in 2026?
As of September 15, 2026, HEEM is up 19.81% year-to-date (YTD), while GEM has returned 21.27%. That puts GEM better performer ahead so far this year.
Which ETF is attracting more investor money: HEEM or GEM?
Year-to-date, the HEEM ETF saw +$62M in flows, compared to +$283M for GEM.
Which ETF is more volatile: HEEM or GEM?
Over the past year, HEEM had a volatility of 23.05%, while GEM experienced 22.89%.
Which ETF is bigger: HEEM or GEM?
As of September 15, 2026, HEEM holds $291.87 M in assets under management (AUM), while GEM manages $1.74 B.
What sectors do the HEEM and GEM ETFs invest in?
HEEM leans toward sectors like Technology and Finance. Meanwhile, GEM focuses on Technology and Finance.
What are the top holdings of the HEEM ETF and GEM ETF?
HEEM top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc.. GEM 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 GEM?
HEEM holds 1179 securities with 39.32% of its assets in the top 15. GEM has 740 securities and a top 15 weight of 34.32%.
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