QEMMvsHEEMETF Comparison
ETF 1
QEMM
State Street SPDR MSCI Emerging Markets StrategicFactors ETF
This fund is part of
EM Large & Mid Cap
+0.02%
VS
ETF 2
HEEM
iShares Currency Hedged MSCI Emerging Markets ETF
This fund is part of
EM Large & Mid Cap
+0.02%
State Street SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM) and iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) belong to the same industry segment: EM Large & Mid Cap. QEMM's top 3 sector exposures are Technology, Finance and Consumer Non-Cyclicals. In contrast, HEEM's top sector exposures are Technology, Finance and Non-Energy Materials. QEMM is less expensive with a Total Expense Ratio (TER) of 0.3%, versus 1.51% for HEEM. QEMM is up 24.56% year-to-date (YTD) with +$10M in YTD flows. HEEM performs worse with 21.78% YTD performance, and +$54M in YTD flows. Run a side-by-side ETF comparison of QEMM 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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QEMM vs HEEM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | QEMM HEEM | +4.22%+2.80% | +0.11%-6.99% | +24.56%+21.78% | +33.55%+36.31% | +70.52%+85.65% | +46.07%+57.48% |
| Flows | QEMM HEEM | +$4M+$4M | +$8M+$26M | +$10M+$54M | +$10M+$52M | -$412K+$53M | -$25M+$31M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | QEMM HEEM | +18.97%+30.55% | +16.81%+22.80% | +13.48%+17.79% | +13.41%+17.61% |
| Max drawdown | QEMM HEEM | -8.34%-15.12% | -10.33%-15.12% | -15.59%-15.12% | -26.10%-27.98% |
| Max drawdown duration | QEMM HEEM | 72d72d | 48d72d | 246d72d | 985d1114d |
Trading data
QEMM | HEEM | |
Last sale 9/3/2026 at 1:37 PM | $81.73 | $42.17 |
| Previous close 09/02/2026 | $81.93 | $42.08 |
| Consolidated volume 09/02/2026 | ||
| 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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QEMM | 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 9/3/2026 at 1:37 PM
Live
Closed
QEMM | HEEM | |
|---|---|---|
| Last price | $81.73 | $42.17 |
| 1D performance | -0.24% | +0.21% |
| AuM | $61.28 M | $289.08 M |
| E/R | 0.3% | 1.51% |
Characteristics
QEMM | HEEM | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | iShares |
| Benchmark | MSCI Emerging Markets Factor Mix A-Series Index | MSCI Emerging Markets Index |
| N° of holdings | 743 | 1120 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 4, 2014 | September 23, 2014 |
| ESG | No | No |
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Exposure
Countries
QEMM
Taiwan
25%
China
20.44%
India
13.99%
Republic of Korea
10.88%
Other
29.69%
HEEM
Taiwan
26.29%
China
20.77%
Republic of Korea
17.98%
India
12.5%
Other
22.46%
Sectors
QEMM
Technology
33.14%
Finance
22.58%
Consumer Non-Cycl.
7.6%
Non-Energy Materi.
7.51%
Other
29.17%
HEEM
Technology
42.32%
Finance
23.14%
Other
34.54%
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Diversification
QEMM
Total weight of top 15 holdings out of 15
24.6%
HEEM
Total weight of top 15 holdings out of 15
39.32%
Top 15 holdings
Data as of July 31, 2026
QEMM
Taiwan Semiconductor Manufacturing Co., Ltd.
7.21%
MediaTek, Inc.
2.80%
Delta Electronics, Inc.
1.92%
Samsung Electronics Co., Ltd.
1.60%
China Construction Bank Corp.
1.48%
Industrial & Commercial Bank of China Ltd.
1.20%
Saudi Arabian Oil Co.
1.09%
Bank of China Ltd.
1.04%
SK hynix, Inc.
0.98%
Accton Technology Corp.
0.96%
PDD Holdings, Inc.
0.91%
King Slide Works Co., Ltd.
0.89%
Tata Consultancy Services Ltd.
0.86%
Tencent Holdings Ltd.
0.84%
NetEase, Inc.
0.83%
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 QEMM and HEEM
How have the QEMM and HEEM ETFs performed in 2026?
As of September 2, 2026, QEMM is up 24.56% year-to-date (YTD), while HEEM has returned 21.78%. That puts QEMM better performer ahead so far this year.
Which ETF is attracting more investor money: QEMM or HEEM?
Year-to-date, the QEMM ETF saw +$10M in flows, compared to +$54M for HEEM.
Which ETF is more volatile: QEMM or HEEM?
Over the past year, QEMM had a volatility of 16.81%, while HEEM experienced 22.8%.
Which ETF is bigger: QEMM or HEEM?
As of September 2, 2026, QEMM holds $61.28 M in assets under management (AUM), while HEEM manages $289.08 M.
What sectors do the QEMM and HEEM ETFs invest in?
QEMM leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, HEEM focuses on Technology and Finance.
What are the top holdings of the QEMM ETF and HEEM ETF?
QEMM top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., MediaTek, Inc. and Delta Electronics, 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: QEMM or HEEM?
QEMM holds 808 securities with 24.6% of its assets in the top 15. HEEM has 1179 securities and a top 15 weight of 39.32%.
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