PEMXvsHEEMETF Comparison

ETF 1

PEMX

Putnam Emerging Markets ex-China ETF

This fund is part of

Uncategorized Equities

-0.01%

Full PEMX fund page

ETF 2

HEEM

iShares Currency Hedged MSCI Emerging Markets ETF

This fund is part of

EM Large & Mid Cap

+0.58%

Full HEEM fund page

Putnam Emerging Markets ex-China ETF (PEMX) belongs to the Uncategorized Equities segment. iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) is part of the EM Large & Mid Cap segment. PEMX's top 3 sector exposures are Technology, Finance and Industrials. In contrast, HEEM's top sector exposures are Technology, Finance and Non-Energy Materials. PEMX is less expensive with a Total Expense Ratio (TER) of 0.7%, versus 1.51% for HEEM. PEMX is up 34.65% year-to-date (YTD) with +$11M in YTD flows. HEEM performs worse with 22.68% YTD performance, and +$56M in YTD flows. Run a side-by-side ETF comparison of PEMX 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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PEMX vs HEEM performance and flow charts

Performance

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 09/11/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PEMX HEEM	+4.48%+2.09%	+2.17%-1.92%	+34.65%+22.68%	+50.06%+31.56%	+130.84%+88.00%	n/a+58.82%
Flows	PEMX HEEM	-+$8K	+$11M+$24M	+$11M+$56M	+$11M+$56M	+$17M+$55M	-+$38M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PEMX HEEM	+31.89%+27.25%	+26.34%+22.93%	+19.59%+17.81%	n/a+17.63%
Max drawdown	PEMX HEEM	-17.96%-15.12%	-17.96%-15.12%	-17.96%-15.12%	n/a-27.32%
Max drawdown duration	PEMX HEEM	81d81d	81d81d	81d81d	n/a1070d

Trading data

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	PEMX	HEEM
Last sale 9/11/2026 at 1:30 PM	$87.22	$42.43
Previous close 09/10/2026	$86.01	$41.99
Consolidated volume 09/10/2026
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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PEMX

is actively managed and doesn’t replicate an index

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	PEMX	HEEM
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/11/2026 at 1:30 PM

Live

Closed

	PEMX	HEEM
Last price	$87.22	$42.43
1D performance	+1.41%	+1.06%
AuM	$32.40 M	$293.33 M
E/R	0.7%	1.51%

Characteristics

	PEMX	HEEM
Management strategy	Active	Passive
Provider	Putnam	iShares
Benchmark	-	MSCI Emerging Markets Index
N° of holdings	48	1122
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	May 17, 2023	September 23, 2014
ESG	No	No

More PEMX data on Trackinsight

More HEEM data on Trackinsight

Exposure

Countries

PEMX

Taiwan

32.28%

Republic of Korea

25.22%

India

17.49%

Other

25.01%

HEEM

Taiwan

26.29%

China

20.72%

Republic of Korea

17.98%

India

12.5%

Other

22.51%

Sectors

PEMX

Technology

46.42%

Finance

25.31%

Other

28.26%

HEEM

Technology

42.33%

Finance

23.14%

Other

34.54%

Diversification

PEMX

Total weight of top 15 holdings out of 15

64.71%

HEEM

Total weight of top 15 holdings out of 15

39.32%

Top 15 holdings

Data as of July 31, 2026

PEMX

Taiwan Semiconductor Manufacturing Co., Ltd.

21.39%

Samsung Electronics Co., Ltd.

10.95%

SK hynix, Inc.

4.44%

ICICI Bank Ltd.

2.96%

KB Financial Group, Inc.

2.71%

Delta Electronics, Inc.

2.47%

SK Square Co. Ltd.

2.45%

Mahindra & Mahindra Ltd.

2.37%

Bharti Airtel Ltd.

2.37%

Itaú Unibanco Holding SA

2.29%

OTP Bank Nyrt

2.21%

Ntpc Ltd.

2.19%

Putnam Government Money Market Fund

2.16%

FirstRand Ltd.

1.88%

International Container Terminal Services, Inc.

1.86%

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 PEMX and HEEM

How have the PEMX and HEEM ETFs performed in 2026?

As of September 11, 2026, PEMX is up 34.65% year-to-date (YTD), while HEEM has returned 22.68%. That puts PEMX better performer ahead so far this year.

Which ETF is attracting more investor money: PEMX or HEEM?

Year-to-date, the PEMX ETF saw +$11M in flows, compared to +$56M for HEEM.

Which ETF is more volatile: PEMX or HEEM?

Over the past year, PEMX had a volatility of 26.34%, while HEEM experienced 22.93%.

Which ETF is bigger: PEMX or HEEM?

As of September 11, 2026, PEMX holds $32.40 M in assets under management (AUM), while HEEM manages $293.33 M.

What sectors do the PEMX and HEEM ETFs invest in?

PEMX leans toward sectors like Technology and Finance. Meanwhile, HEEM focuses on Technology and Finance.

What are the top holdings of the PEMX ETF and HEEM ETF?

PEMX 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..

PEMXvsHEEMETF Comparison

Putnam Emerging Markets ex-China ETF

iShares Currency Hedged MSCI Emerging Markets ETF

PEMX vs HEEM performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the PEMX and HEEM ETFs performed in 2026?

As of September 11, 2026, PEMX is up 34.65% year-to-date (YTD), while HEEM has returned 22.68%. That puts PEMX better performer ahead so far this year.

Which ETF is attracting more investor money: PEMX or HEEM?

Year-to-date, the PEMX ETF saw +$11M in flows, compared to +$56M for HEEM.

Which ETF is more volatile: PEMX or HEEM?

Over the past year, PEMX had a volatility of 26.34%, while HEEM experienced 22.93%.

Which ETF is bigger: PEMX or HEEM?

As of September 11, 2026, PEMX holds $32.40 M in assets under management (AUM), while HEEM manages $293.33 M.

What sectors do the PEMX and HEEM ETFs invest in?

PEMX leans toward sectors like Technology and Finance. Meanwhile, HEEM focuses on Technology and Finance.

What are the top holdings of the PEMX ETF and HEEM ETF?

PEMX 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: PEMX or HEEM?

PEMX holds 48 securities with 64.71% of its assets in the top 15. HEEM has 1179 securities and a top 15 weight of 39.32%.

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