HEEMvsNUEMETF Comparison
ETF 1
HEEM
iShares Currency Hedged MSCI Emerging Markets ETF
This fund is part of
EM Large & Mid Cap
-0.82%
VS
iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) and NuShares ESG Emerging Markets Equity ETF (NUEM) 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 0.36% for NUEM. HEEM is up 19.81% year-to-date (YTD) with +$62M in YTD flows. NUEM performs worse with 18.12% YTD performance, and +$32M in YTD flows. Run a side-by-side ETF comparison of HEEM and NUEM 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 NUEM 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 NUEM | -2.91%-0.86% | -7.53%-1.87% | +19.81%+18.12% | +27.91%+22.71% | +83.95%+68.44% | +56.59%+37.46% |
| Flows | HEEM NUEM | +$6M- | +$28M+$25M | +$62M+$32M | +$61M+$36M | +$62M+$47M | +$43M+$194M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HEEM NUEM | +26.86%+24.45% | +23.05%+21.53% | +17.88%+17.33% | +17.66%+17.28% |
| Max drawdown | HEEM NUEM | -15.12%-12.67% | -15.12%-12.67% | -15.12%-15.73% | -27.32%-33.97% |
| Max drawdown duration | HEEM NUEM | 85d85d | 85d85d | 85d244d | 1070d1329d |
Trading data
HEEM | NUEM | |
Last sale 9/15/2026 at 1:30 PM | $41.48 | $42.02 |
| Previous close 09/15/2026 | $41.50 | $41.98 |
| 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 | NUEM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Main metrics
Last update 9/15/2026 at 1:30 PM
Live
Closed
HEEM | NUEM | |
|---|---|---|
| Last price | $41.48 | $42.02 |
| 1D performance | -0.03% | +0.10% |
| AuM | $291.87 M | $411.71 M |
| E/R | 1.51% | 0.36% |
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Exposure
Countries
HEEM
Taiwan
26.29%
China
20.72%
Republic of Korea
17.98%
India
12.5%
Other
22.51%
NUEM
Taiwan
27.19%
China
21.32%
Republic of Korea
18.59%
India
11.41%
Other
21.49%
Sectors
HEEM
Technology
42.33%
Finance
23.14%
Other
34.54%
NUEM
Technology
40.45%
Finance
22.39%
Non-Energy Materi.
7.91%
Industrials
7.87%
Consumer Cyclical.
7.61%
Other
13.76%
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Diversification
HEEM
Total weight of top 15 holdings out of 15
39.32%
NUEM
Total weight of top 15 holdings out of 15
46.54%
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%
NUEM
Taiwan Semiconductor Manufacturing Co., Ltd.
16.51%
SK hynix, Inc.
6.73%
Tencent Holdings Ltd.
3.45%
China Construction Bank Corp.
2.06%
Lenovo Group Ltd.
1.86%
SK Square Co. Ltd.
1.85%
Samsung Electro-Mechanics Co., Ltd.
1.84%
Delta Electronics, Inc.
1.82%
Industrial & Commercial Bank of China Ltd.
1.77%
United Microelectronics Corp.
1.61%
Cathay Financial Holdings Co., Ltd.
1.61%
Axis Bank Ltd.
1.46%
Ping An Insurance (Group) Co. of China Ltd.
1.39%
Asia Vital Components Co., Ltd.
1.33%
Agricultural Bank of China Ltd.
1.26%
Frequently asked questions about HEEM and NUEM
How have the HEEM and NUEM ETFs performed in 2026?
As of September 15, 2026, HEEM is up 19.81% year-to-date (YTD), while NUEM has returned 18.12%. That puts HEEM better performer ahead so far this year.
Which ETF is attracting more investor money: HEEM or NUEM?
Year-to-date, the HEEM ETF saw +$62M in flows, compared to +$32M for NUEM.
Which ETF is more volatile: HEEM or NUEM?
Over the past year, HEEM had a volatility of 23.05%, while NUEM experienced 21.53%.
Which ETF is bigger: HEEM or NUEM?
As of September 15, 2026, HEEM holds $291.87 M in assets under management (AUM), while NUEM manages $411.71 M.
What sectors do the HEEM and NUEM ETFs invest in?
HEEM leans toward sectors like Technology and Finance. Meanwhile, NUEM focuses on Technology, Finance and Non-Energy Materials.
What are the top holdings of the HEEM ETF and NUEM ETF?
HEEM top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc.. NUEM holds in its top three: Taiwan Semiconductor Manufacturing Co., Ltd., SK hynix, Inc. and Tencent Holdings Ltd..
Which ETF is more diversified: HEEM or NUEM?
HEEM holds 1179 securities with 39.32% of its assets in the top 15. NUEM has 186 securities and a top 15 weight of 46.54%.
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