HEEMvsGSEEETF Comparison
ETF 1
HEEM
iShares Currency Hedged MSCI Emerging Markets ETF
This fund is part of
EM Large & Mid Cap
+1.07%
VS
ETF 2
GSEE
Goldman Sachs MarketBeta Emerging Markets Equity ETF
This fund is part of
EM Large & Mid Cap
+1.07%
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. Both ETFs have the same top 3 sector exposures: Information Technology, Financials and Consumer Discretionary. HEEM is more expensive with a Total Expense Ratio (TER) of 1.51%, versus 0.45% for GSEE. HEEM is up 17.4% year-to-date (YTD) with +$27M in YTD flows. GSEE performs worse with 14.73% YTD performance, and -$12M 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 04/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HEEM GSEE | +11.62%+11.11% | +8.74%+6.80% | +17.40%+14.73% | +51.10%+48.99% | +85.07%+73.89% | +47.11%+32.83% |
| Flows | HEEM GSEE | +$11M- | +$17M-$12M | +$27M-$12M | +$22M-$12M | +$17M+$55M | -$3M+$55M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HEEM GSEE | +24.85%+27.96% | +16.05%+17.37% | +15.42%+15.38% | +16.26%+15.70% |
| Max drawdown | HEEM GSEE | -10.68%-13.18% | -10.68%-13.18% | -14.41%-15.26% | -30.46%-34.94% |
| Max drawdown duration | HEEM GSEE | 49d57d | 49d57d | 240d230d | 1192d1504d |
Trading data
HEEM | GSEE | |
Last sale 4/24/2026 at 1:30 PM | $40.80 | $65.53 |
| Previous close 04/24/2026 | $39.98 | $64.15 |
| Consolidated volume 04/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 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 4/24/2026 at 1:30 PM
Live
Closed
HEEM | GSEE | |
|---|---|---|
| Last price | $40.80 | $65.53 |
| 1D performance | +2.06% | +2.15% |
| AuM | $254.03 M | $135.99 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 | 1095 | 1700 |
| 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
22.2%
Republic of Korea
15.44%
Cayman Islands
13%
India
12.58%
China
10.93%
Other
25.86%
GSEE
Taiwan
21.95%
Republic of Korea
16.47%
India
12.67%
Cayman Islands
12.05%
China
11.13%
Other
25.74%
Sectors
HEEM
Information Techn.
31.74%
Financials
20.19%
Consumer Discreti.
9.5%
Communication Ser.
7.49%
Other
31.08%
GSEE
Information Techn.
31.76%
Financials
18.66%
Consumer Discreti.
9.38%
Industrials
7.46%
Other
32.74%
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Diversification
HEEM
Total weight of top 15 holdings out of 15
36.21%
GSEE
Total weight of top 15 holdings out of 15
33.8%
Top 15 holdings
Data as of March 31, 2026
HEEM
TWN SEMICONT MAN
13.27%
SAMSUNG ELECTR
5.06%
TENCENT HOLDINGS
3.85%
SK HYNIX
2.81%
ALIBABA GROUP HOLDING LTD
2.55%
US0669224778
1.67%
CHINA CONSTRUCTION BANK
1.01%
HDFC BANK
0.86%
RELIANCE INDUSTRIES
0.84%
DELTA ELECTRONIC
0.82%
HON HAI PRECISION INDUSTRY
0.72%
PINDUODUO INC ADR
0.71%
MEDIATEK INC
0.70%
XIAOMI CORP
0.68%
ICICI BANK
0.66%
GSEE
TWN SEMICONT MAN
12.36%
SAMSUNG ELECTR
5.01%
TENCENT HOLDINGS
3.52%
SK HYNIX
2.98%
ALIBABA GROUP HOLDING LTD
2.54%
CHINA CONSTRUCTION BANK
0.86%
HDFC BANK
0.85%
INTERNATIONAL HOLDINGS COMPANY
0.81%
RELIANCE INDUSTRIES
0.80%
DELTA ELECTRONIC
0.80%
PINDUODUO INC ADR
0.68%
HON HAI PRECISION INDUSTRY
0.67%
MEDIATEK INC
0.64%
XIAOMI CORP
0.64%
ICICI BANK
0.63%
Frequently asked questions about HEEM and GSEE
How have the HEEM and GSEE ETFs performed in 2026?
As of April 24, 2026, HEEM is up 17.4% year-to-date (YTD), while GSEE has returned 14.73%. That puts HEEM better performer ahead so far this year.
Which ETF is attracting more investor money: HEEM or GSEE?
Year-to-date, the HEEM ETF saw +$27M in flows, compared to -$12M for GSEE.
Which ETF is more volatile: HEEM or GSEE?
Over the past year, HEEM had a volatility of 16.05%, while GSEE experienced 17.37%.
Which ETF is bigger: HEEM or GSEE?
As of April 24, 2026, HEEM holds $254.03 M in assets under management (AUM), while GSEE manages $135.99 M.
What sectors do the HEEM and GSEE ETFs invest in?
HEEM leans toward sectors like Information Technology, Financials and Consumer Discretionary. Meanwhile, GSEE focuses on Information Technology, Financials and Consumer Discretionary.
What are the top holdings of the HEEM ETF and GSEE ETF?
HEEM top holdings include TWN SEMICONT MAN, SAMSUNG ELECTR and TENCENT HOLDINGS. GSEE holds in its top three: TWN SEMICONT MAN, SAMSUNG ELECTR and TENCENT HOLDINGS.
Which ETF is more diversified: HEEM or GSEE?
HEEM holds 1207 securities with 36.21% of its assets in the top 15. GSEE has 1867 securities and a top 15 weight of 33.8%.
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