KEMXvsHEEMETF Comparison
ETF 1
KEMX
KraneShares MSCI Emerging Markets ex China Index ETF
This fund is part of
EM Large & Mid Cap
-2.55%
VS
ETF 2
HEEM
iShares Currency Hedged MSCI Emerging Markets ETF
This fund is part of
EM Large & Mid Cap
-2.55%
KraneShares MSCI Emerging Markets ex China Index ETF (KEMX) and iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) 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. KEMX is less expensive with a Total Expense Ratio (TER) of 0.59%, versus 1.51% for HEEM. KEMX is up 32.93% year-to-date (YTD) with +$30M in YTD flows. HEEM performs worse with 17.71% YTD performance, and +$50M in YTD flows. Run a side-by-side ETF comparison of KEMX 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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KEMX vs HEEM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | KEMX HEEM | -4.02%-6.73% | +9.32%+0.27% | +32.93%+17.71% | +55.16%+34.06% | +98.22%+76.26% | +84.09%+55.10% |
| Flows | KEMX HEEM | +$6K+$11M | +$2K+$23M | +$30M+$50M | +$30M+$44M | +$48M+$53M | +$59M+$21M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | KEMX HEEM | +30.09%+31.75% | +23.64%+21.88% | +17.96%+17.47% | +16.87%+17.45% |
| Max drawdown | KEMX HEEM | -11.44%-11.60% | -15.82%-11.60% | -18.80%-14.41% | -29.06%-27.98% |
| Max drawdown duration | KEMX HEEM | 31d32d | 57d32d | 253d240d | 887d1114d |
Trading data
KEMX | HEEM | |
Last sale 7/24/2026 at 1:30 PM | $47.85 | $40.75 |
| Previous close 07/23/2026 | $48.88 | $41.65 |
| Consolidated volume 07/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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KEMX | 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 7/24/2026 at 1:30 PM
Live
Closed
KEMX | HEEM | |
|---|---|---|
| Last price | $47.85 | $40.75 |
| 1D performance | -2.12% | -2.15% |
| AuM | $128.99 M | $274.94 M |
| E/R | 0.59% | 1.51% |
Characteristics
KEMX | HEEM | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | KraneShares | iShares |
| Benchmark | MSCI Emerging Markets ex China Index | MSCI Emerging Markets Index |
| N° of holdings | 269 | 1121 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 12, 2019 | September 23, 2014 |
| ESG | No | No |
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Exposure
Countries
KEMX
Taiwan
32.1%
Republic of Korea
30.2%
India
14.39%
Other
23.31%
HEEM
Taiwan
27.28%
Republic of Korea
23.67%
China
17.19%
India
11.06%
Other
20.81%
Sectors
KEMX
Technology
44.53%
Finance
23.75%
Non-Energy Materi.
7.59%
Industrials
7.15%
Other
16.98%
HEEM
Technology
48.23%
Finance
20.33%
Other
31.44%
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Diversification
KEMX
Total weight of top 15 holdings out of 15
44.99%
HEEM
Total weight of top 15 holdings out of 15
43.54%
Top 15 holdings
Data as of June 30, 2026
KEMX
Taiwan Semiconductor Manufacturing Co., Ltd.
15.23%
Samsung Electronics Co., Ltd.
7.73%
SK hynix, Inc.
6.94%
MediaTek, Inc.
2.59%
Samsung Electro-Mechanics Co., Ltd.
1.79%
SK Square Co. Ltd.
1.76%
Accton Technology Corp.
1.35%
Delta Electronics, Inc.
1.28%
Reliance Industries Ltd.
1.00%
Nan Ya Plastics Corp.
0.99%
Hon Hai Precision Industry Co., Ltd.
0.93%
ICICI Bank Ltd.
0.89%
Samsung Electronics Co., Ltd.
0.88%
HDFC Bank Ltd.
0.83%
United Microelectronics Corp.
0.80%
HEEM
Taiwan Semiconductor Manufacturing Co., Ltd.
15.05%
Samsung Electronics Co., Ltd.
8.14%
SK hynix, Inc.
7.63%
Tencent Holdings Ltd.
2.73%
Alibaba Group Holding Ltd.
1.60%
MediaTek, Inc.
1.55%
Delta Electronics, Inc.
0.96%
Samsung Electronics Co., Ltd.
0.89%
SK Square Co. Ltd.
0.82%
Hon Hai Precision Industry Co., Ltd.
0.78%
HDFC Bank Ltd.
0.77%
China Construction Bank Corp.
0.70%
Reliance Industries Ltd.
0.67%
Samsung Electro-Mechanics Co., Ltd.
0.64%
ICICI Bank Ltd.
0.62%
Frequently asked questions about KEMX and HEEM
How have the KEMX and HEEM ETFs performed in 2026?
As of July 23, 2026, KEMX is up 32.93% year-to-date (YTD), while HEEM has returned 17.71%. That puts KEMX better performer ahead so far this year.
Which ETF is attracting more investor money: KEMX or HEEM?
Year-to-date, the KEMX ETF saw +$30M in flows, compared to +$50M for HEEM.
Which ETF is more volatile: KEMX or HEEM?
Over the past year, KEMX had a volatility of 23.64%, while HEEM experienced 21.88%.
Which ETF is bigger: KEMX or HEEM?
As of July 23, 2026, KEMX holds $128.99 M in assets under management (AUM), while HEEM manages $274.94 M.
What sectors do the KEMX and HEEM ETFs invest in?
KEMX leans toward sectors like Technology, Finance and Non-Energy Materials. Meanwhile, HEEM focuses on Technology and Finance.
What are the top holdings of the KEMX ETF and HEEM ETF?
KEMX 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: KEMX or HEEM?
KEMX holds 274 securities with 44.99% of its assets in the top 15. HEEM has 1179 securities and a top 15 weight of 43.54%.
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