RWEMvsHEEMETF Comparison
ETF 1
RWEM
Rayliant Quantamental Emerging Market Equity ETF
This fund is part of
Uncategorized Equities
-0.84%
VS
ETF 2
HEEM
iShares Currency Hedged MSCI Emerging Markets ETF
This fund is part of
EM Large & Mid Cap
-2.55%
Rayliant Quantamental Emerging Market Equity ETF (RWEM) belongs to the Uncategorized Equities segment. iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) is part of the EM Large & Mid Cap segment. RWEM'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. RWEM is less expensive with a Total Expense Ratio (TER) of 0.52%, versus 1.51% for HEEM. RWEM is up 18.87% year-to-date (YTD) with -$25M in YTD flows. HEEM performs worse with 17.71% YTD performance, and +$50M in YTD flows. Run a side-by-side ETF comparison of RWEM 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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RWEM 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. | RWEM HEEM | -2.69%-6.73% | +5.88%+0.27% | +18.87%+17.71% | +32.94%+34.06% | +70.75%+76.26% | n/a+55.10% |
| Flows | RWEM HEEM | -$3K+$11M | -$19M+$23M | -$25M+$50M | -$27M+$44M | +$14M+$53M | -+$21M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | RWEM HEEM | +26.90%+31.75% | +20.89%+21.88% | +16.99%+17.47% | n/a+17.45% |
| Max drawdown | RWEM HEEM | -10.07%-11.60% | -13.18%-11.60% | -23.02%-14.41% | n/a-27.98% |
| Max drawdown duration | RWEM HEEM | 50d32d | 57d32d | 270d240d | n/a1114d |
Trading data
RWEM | HEEM | |
Last sale 7/24/2026 at 1:30 PM | $34.20 | $40.75 |
| Previous close 07/23/2026 | $34.41 | $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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RWEM
is actively managed and doesn’t replicate an indexRWEM | 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
RWEM | HEEM | |
|---|---|---|
| Last price | $34.20 | $40.75 |
| 1D performance | -0.60% | -2.15% |
| AuM | $70.18 M | $274.94 M |
| E/R | 0.52% | 1.51% |
Characteristics
RWEM | HEEM | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Rayliant Asset Management | iShares |
| Benchmark | - | MSCI Emerging Markets Index |
| N° of holdings | 207 | 1121 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 15, 2021 | September 23, 2014 |
| ESG | No | No |
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Exposure
Countries
RWEM
Taiwan
26.84%
Republic of Korea
22.68%
China
20.71%
India
9.79%
Other
19.98%
HEEM
Taiwan
27.28%
Republic of Korea
23.67%
China
17.19%
India
11.06%
Other
20.81%
Sectors
RWEM
Technology
49.9%
Finance
18.3%
Other
31.8%
HEEM
Technology
48.23%
Finance
20.33%
Other
31.44%
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Diversification
RWEM
Total weight of top 15 holdings out of 15
45.97%
HEEM
Total weight of top 15 holdings out of 15
43.54%
Top 15 holdings
Data as of June 30, 2026
RWEM
Taiwan Semiconductor Manufacturing Co., Ltd.
12.55%
SK hynix, Inc.
7.23%
Samsung Electronics Co., Ltd.
7.13%
MediaTek, Inc.
5.25%
Tencent Holdings Ltd.
2.40%
NetEase, Inc.
1.80%
Agricultural Bank of China Ltd.
1.33%
Innolux Corp.
1.32%
Delta Electronics, Inc.
1.29%
PICC Property & Casualty Co., Ltd.
1.05%
HCL Technologies Ltd.
1.00%
Woori Financial Group, Inc.
0.98%
Realtek Semiconductor Corp.
0.96%
Lite-On Technology Corp.
0.85%
Powszechny Zaklad Ubezpieczen SA
0.85%
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 RWEM and HEEM
How have the RWEM and HEEM ETFs performed in 2026?
As of July 23, 2026, RWEM is up 18.87% year-to-date (YTD), while HEEM has returned 17.71%. That puts RWEM better performer ahead so far this year.
Which ETF is attracting more investor money: RWEM or HEEM?
Year-to-date, the RWEM ETF saw -$25M in flows, compared to +$50M for HEEM.
Which ETF is more volatile: RWEM or HEEM?
Over the past year, RWEM had a volatility of 20.89%, while HEEM experienced 21.88%.
Which ETF is bigger: RWEM or HEEM?
As of July 23, 2026, RWEM holds $70.18 M in assets under management (AUM), while HEEM manages $274.94 M.
What sectors do the RWEM and HEEM ETFs invest in?
RWEM leans toward sectors like Technology and Finance. Meanwhile, HEEM focuses on Technology and Finance.
What are the top holdings of the RWEM ETF and HEEM ETF?
RWEM top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., SK hynix, Inc. and Samsung Electronics Co., Ltd.. HEEM holds in its top three: Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc..
Which ETF is more diversified: RWEM or HEEM?
RWEM holds 212 securities with 45.97% of its assets in the top 15. HEEM has 1179 securities and a top 15 weight of 43.54%.
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