HEEMvsGSEEETF 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
GSEE
Goldman Sachs MarketBeta 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 MarketBeta Emerging Markets Equity ETF (GSEE) 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, GSEE's top sector exposures are Technology, Finance and Industrials. HEEM is more expensive with a Total Expense Ratio (TER) of 1.51%, versus 0.45% for GSEE. HEEM is up 19.81% year-to-date (YTD) with +$62M in YTD flows. GSEE performs better with 20.18% YTD performance, and -$19M in YTD flows. Run a side-by-side ETF comparison of HEEM and GSEE 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 GSEE 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 GSEE | -2.91%-1.67% | -7.53%-4.34% | +19.81%+20.18% | +27.91%+26.96% | +83.95%+76.03% | +56.59%+45.68% |
| Flows | HEEM GSEE | +$6M- | +$28M-$3M | +$62M-$19M | +$61M-$19M | +$62M+$48M | +$43M+$49M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HEEM GSEE | +26.86%+25.52% | +23.05%+23.34% | +17.88%+17.78% | +17.66%+16.93% |
| Max drawdown | HEEM GSEE | -15.12%-13.16% | -15.12%-13.18% | -15.12%-15.26% | -27.32%-31.26% |
| Max drawdown duration | HEEM GSEE | 85d85d | 85d57d | 85d230d | 1070d1323d |
Trading data
HEEM | GSEE | |
Last sale 9/15/2026 at 1:30 PM | $41.48 | $67.74 |
| Previous close 09/15/2026 | $41.50 | $68.16 |
| 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 | GSEE | |
|---|---|---|
| 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 | GSEE | |
|---|---|---|
| Last price | $41.48 | $67.74 |
| 1D performance | -0.03% | -0.62% |
| AuM | $291.87 M | $135.66 M |
| E/R | 1.51% | 0.45% |
Characteristics
HEEM | GSEE | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | Goldman Sachs |
| Benchmark | MSCI Emerging Markets Index | Solactive GBS Emerging Markets Large & Mid Cap Index |
| N° of holdings | 1122 | 1610 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 23, 2014 | May 12, 2020 |
| 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%
GSEE
Taiwan
25.6%
China
19.63%
Republic of Korea
19.45%
India
11.57%
Other
23.75%
Sectors
HEEM
Technology
42.33%
Finance
23.14%
Other
34.54%
GSEE
Technology
42.34%
Finance
20.45%
Other
37.21%
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Diversification
HEEM
Total weight of top 15 holdings out of 15
39.32%
GSEE
Total weight of top 15 holdings out of 15
37.63%
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%
GSEE
Taiwan Semiconductor Manufacturing Co., Ltd.
13.60%
Samsung Electronics Co., Ltd.
6.27%
SK hynix, Inc.
5.44%
Tencent Holdings Ltd.
2.75%
Alibaba Group Holding Ltd.
1.96%
MediaTek, Inc.
1.29%
China Construction Bank Corp.
0.85%
Delta Electronics, Inc.
0.81%
Samsung Electronics Co., Ltd.
0.77%
Hon Hai Precision Industry Co., Ltd.
0.74%
International Holding Co. PJSC
0.68%
HDFC Bank Ltd.
0.67%
ICICI Bank Ltd.
0.63%
Reliance Industries Ltd.
0.63%
ASE Technology Holding Co., Ltd.
0.56%
Frequently asked questions about HEEM and GSEE
How have the HEEM and GSEE ETFs performed in 2026?
As of September 15, 2026, HEEM is up 19.81% year-to-date (YTD), while GSEE has returned 20.18%. That puts GSEE better performer ahead so far this year.
Which ETF is attracting more investor money: HEEM or GSEE?
Year-to-date, the HEEM ETF saw +$62M in flows, compared to -$19M for GSEE.
Which ETF is more volatile: HEEM or GSEE?
Over the past year, HEEM had a volatility of 23.05%, while GSEE experienced 23.34%.
Which ETF is bigger: HEEM or GSEE?
As of September 15, 2026, HEEM holds $291.87 M in assets under management (AUM), while GSEE manages $135.66 M.
What sectors do the HEEM and GSEE ETFs invest in?
HEEM leans toward sectors like Technology and Finance. Meanwhile, GSEE focuses on Technology and Finance.
What are the top holdings of the HEEM ETF and GSEE ETF?
HEEM top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc.. GSEE 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 GSEE?
HEEM holds 1179 securities with 39.32% of its assets in the top 15. GSEE has 1734 securities and a top 15 weight of 37.63%.
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