IEMGvsHEEMETF Comparison
VS
ETF 2
HEEM
iShares Currency Hedged MSCI Emerging Markets ETF
This fund is part of
EM Large & Mid Cap
+0.89%
iShares Core MSCI Emerging Markets ETF (IEMG) belongs to the EM Blended Cap segment. iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) is part of the EM Large & Mid Cap segment. Both ETFs have the same top 3 sector exposures: Technology, Finance and Non-Energy Materials. IEMG is less expensive with a Total Expense Ratio (TER) of 0.09%, versus 1.51% for HEEM. IEMG is up 25.28% year-to-date (YTD) with +$13.53B in YTD flows. HEEM performs worse with 24.11% YTD performance, and +$56M in YTD flows. Run a side-by-side ETF comparison of IEMG and HEEM 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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IEMG vs HEEM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/08/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IEMG HEEM | +5.04%+3.65% | +5.50%+1.44% | +25.28%+24.11% | +35.97%+36.71% | +87.50%+91.70% | +50.51%+60.50% |
| Flows | IEMG HEEM | +$1.45B+$8K | +$2.69B+$21M | +$13.53B+$56M | +$23.30B+$56M | +$33.98B+$55M | +$44.20B+$39M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IEMG HEEM | +27.84%+28.34% | +22.42%+22.87% | +17.31%+17.79% | +17.34%+17.61% |
| Max drawdown | IEMG HEEM | -14.04%-15.12% | -14.04%-15.12% | -16.06%-15.12% | -32.43%-27.32% |
| Max drawdown duration | IEMG HEEM | 78d78d | 78d78d | 223d78d | 1364d1070d |
Trading data
IEMG | HEEM | |
Last sale 9/9/2026 at 1:30 PM | $83.25 | $42.75 |
| Previous close 09/08/2026 | $83.70 | $42.98 |
| Consolidated volume 09/08/2026 | ||
| 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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IEMG | HEEM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/9/2026 at 1:30 PM
Live
Closed
IEMG | HEEM | |
|---|---|---|
| Last price | $83.25 | $42.75 |
| 1D performance | -0.54% | -0.54% |
| AuM | $164.77 B | $296.76 M |
| E/R | 0.09% | 1.51% |
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Exposure
Countries
IEMG
Taiwan
25.65%
China
18.72%
Republic of Korea
17.07%
India
13.54%
Other
25.02%
HEEM
Taiwan
26.29%
China
20.72%
Republic of Korea
17.98%
India
12.5%
Other
22.51%
Sectors
IEMG
Technology
39.16%
Finance
22.17%
Non-Energy Materi.
7.51%
Other
31.15%
HEEM
Technology
42.33%
Finance
23.14%
Other
34.54%
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Diversification
IEMG
Total weight of top 15 holdings out of 15
34.06%
HEEM
Total weight of top 15 holdings out of 15
39.32%
Top 15 holdings
Data as of July 31, 2026
IEMG
Taiwan Semiconductor Manufacturing Co., Ltd.
13.10%
Samsung Electronics Co., Ltd.
5.27%
SK hynix, Inc.
3.98%
Tencent Holdings Ltd.
2.90%
Alibaba Group Holding Ltd.
1.87%
MediaTek, Inc.
1.13%
China Construction Bank Corp.
0.79%
Delta Electronics, Inc.
0.72%
HDFC Bank Ltd.
0.69%
Hon Hai Precision Industry Co., Ltd.
0.68%
Samsung Electronics Co., Ltd.
0.66%
Reliance Industries Ltd.
0.64%
ICICI Bank Ltd.
0.62%
Xiaomi Corp.
0.53%
Industrial & Commercial Bank of China Ltd.
0.50%
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%
Frequently asked questions about IEMG and HEEM
How have the IEMG and HEEM ETFs performed in 2026?
As of September 8, 2026, IEMG is up 25.28% year-to-date (YTD), while HEEM has returned 24.11%. That puts IEMG better performer ahead so far this year.
Which ETF is attracting more investor money: IEMG or HEEM?
Year-to-date, the IEMG ETF saw +$13.53B in flows, compared to +$56M for HEEM.
Which ETF is more volatile: IEMG or HEEM?
Over the past year, IEMG had a volatility of 22.42%, while HEEM experienced 22.87%.
Which ETF is bigger: IEMG or HEEM?
As of September 8, 2026, IEMG holds $164.77 B in assets under management (AUM), while HEEM manages $296.76 M.
What sectors do the IEMG and HEEM ETFs invest in?
IEMG leans toward sectors like Technology, Finance and Non-Energy Materials. Meanwhile, HEEM focuses on Technology and Finance.
What are the top holdings of the IEMG ETF and HEEM ETF?
IEMG top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc.. HEEM holds in its top three: Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc..
Which ETF is more diversified: IEMG or HEEM?
IEMG holds 2813 securities with 34.06% of its assets in the top 15. HEEM has 1179 securities and a top 15 weight of 39.32%.
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