HEEMvsGEMETF Comparison
ETF 1
HEEM
iShares Currency Hedged MSCI Emerging Markets ETF
This fund is part of
EM Large & Mid Cap
-2.95%
VS
ETF 2
GEM
Goldman Sachs ActiveBeta Emerging Markets Equity ETF
This fund is part of
EM Large & Mid Cap
-2.95%
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 14.83% year-to-date (YTD) with +$63M in YTD flows. GEM performs worse with 13.24% YTD performance, and +$312M 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 10/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HEEM GEM | -6.54%-7.99% | +1.59%+0.21% | +14.83%+13.24% | +14.46%+13.65% | +85.23%+77.21% | +52.52%+40.72% |
| Flows | HEEM GEM | -$180K+$28M | +$13M+$52M | +$63M+$312M | +$65M+$343M | +$67M+$224M | +$48M+$93M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HEEM GEM | +19.92%+20.44% | +23.34%+23.39% | +18.10%+17.62% | +17.77%+16.82% |
| Max drawdown | HEEM GEM | -10.36%-10.29% | -15.56%-13.50% | -15.56%-14.73% | -26.66%-30.83% |
| Max drawdown duration | HEEM GEM | 37d51d | 129d57d | 129d223d | 967d993d |
Trading data
HEEM | GEM | |
Last sale 10/30/2026 at 1:30 PM | $38.64 | $46.58 |
| Previous close 10/29/2026 | $39.63 | $47.95 |
| Consolidated volume 10/29/2026 | ||
| 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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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 10/30/2026 at 1:30 PM
Live
Closed
HEEM | GEM | |
|---|---|---|
| Last price | $38.64 | $46.58 |
| 1D performance | -2.50% | -2.86% |
| AuM | $280.91 M | $1.65 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 | 1 | 677 |
| 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
28.81%
Republic of Korea
21.29%
China
17.69%
India
10.6%
Other
21.61%
GEM
Taiwan
25.09%
Republic of Korea
19.54%
China
16.18%
India
9.64%
Other
29.56%
Sectors
HEEM
Technology
46.58%
Finance
21.02%
Other
32.4%
GEM
Technology
42.25%
Finance
20.23%
Other
37.51%
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Diversification
HEEM
Total weight of top 1 holdings out of 1
99.9%
GEM
Total weight of top 15 holdings out of 15
36.96%
Top 15 holdings
Data as of September 30, 2026
HEEM
US4642872349
99.90%
GEM
Taiwan Semiconductor Manufacturing Co., Ltd.
14.02%
Samsung Electronics Co., Ltd.
7.29%
SK hynix, Inc.
4.76%
Tencent Holdings Ltd.
2.47%
MediaTek, Inc.
1.79%
Alibaba Group Holding Ltd.
1.51%
Samsung Electronics Co., Ltd.
1.03%
Delta Electronics, Inc.
0.75%
China Construction Bank Corp.
0.73%
Samsung Electro-Mechanics Co., Ltd.
0.50%
US46434G8143
0.49%
Hon Hai Precision Industry Co., Ltd.
0.44%
HDFC Bank Ltd.
0.41%
ICICI Bank Ltd.
0.41%
LG Electronics, Inc.
0.35%
Frequently asked questions about HEEM and GEM
How have the HEEM and GEM ETFs performed in 2026?
As of October 29, 2026, HEEM is up 14.83% year-to-date (YTD), while GEM has returned 13.24%. That puts HEEM better performer ahead so far this year.
Which ETF is attracting more investor money: HEEM or GEM?
Year-to-date, the HEEM ETF saw +$63M in flows, compared to +$312M for GEM.
Which ETF is more volatile: HEEM or GEM?
Over the past year, HEEM had a volatility of 23.34%, while GEM experienced 23.39%.
Which ETF is bigger: HEEM or GEM?
As of October 29, 2026, HEEM holds $280.91 M in assets under management (AUM), while GEM manages $1.65 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 US4642872349. 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 1169 securities with 99.9% of its assets in the top 15. GEM has 716 securities and a top 15 weight of 36.96%.
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