iShares Currency Hedged MSCI Emerging Markets ETF
$41.43−0.01 (−0.02%)
- 1.51%
- $301M
- +30.3%
- 3.21%
- 0.1M sh
- $42.07
- low $33.54high $46.49
The ETF.net HEEM Grade
D
Score 36 out of 100
- 5 of 5
Score 36 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F11 out of 100Rank 5 of 5Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C54 out of 100Rank 2 of 5Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C51 out of 100Rank 4 of 5Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B56 out of 100Rank 2 of 5Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C49 out of 100Rank 3 of 5
Our read on HEEM
DMost emerging-market funds hand you two bets at once: the stocks and the currencies. HEEM, running since 2014, tracks an MSCI EM index hedged 100% back to the US dollar, so the equity story is the whole story.
The fund seeks to track an index of emerging-market equities while reducing the effect of currency movements.
Why people hold it
- One job, done explicitly: track emerging-market equities while damping the effect of currency moves, via an index hedged 100% to the dollar.ishares.com
- A thin shelf to shop from. Currency-hedged EM equity is a niche corner; within this MSCI EM peer group the main alternative is Xtrackers' DBEM.
- Listed by iShares in 2014, it has carried a mid-sized asset base through more than a decade of dollar cycles and pays distributions quarterly.
Worth knowing
- Cost is the trade-off: a 1.51% expense ratio against a 0.66% median in its peer group, while unhedged core exposure like IEMG lists at 0.09%.
- The hedge cuts both ways. When emerging-market currencies gain on the dollar, that tailwind is hedged out along with the headwind.
- Moderately traded rather than a top-of-book EM name, so limit orders and spread checks matter more here than with the giants.
HEEM Holdings
- Stocks
- 1,204
- 39%
- 2330.TW
Geography
- Taiwan (Province of China)29.45%
- Korea (the Republic of)21.38%
- China17.24%
- India10.44%
- Brazil4.53%
- South Africa2.40%
- Saudi Arabia2.28%
- Mexico1.56%
- 10.70%
Developed 2% · Emerging 98%
HEEM Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
HEEM$13,034
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | HEEM |
|---|---|
| Year to date | +19.8% |
| 1 month | −2.4% |
| 3 months | −4.2% |
| 1 year | +30.3% |
| 3 years | +24.1% |
| 5 years | +10.1% |
| 10 years | +9.6% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | HEEM |
|---|---|---|
| 2026 YTD | +19.8% | |
| 2025 | +34.0% | |
| 2024 | +12.6% | |
| 2023 | +10.2% | |
| 2022 | −16.9% | |
| 2021 | −1.8% | |
| 2020 | +17.9% |
HEEM in the news
HEEM Dividends
- 3.21%
- $1.33
- $0.23 per share
- Twice a year
Distribution history
HEEM Risk
- 13.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.39
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −27.5%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.82
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
HEEM Cost
1.51%
HEEM1.51%
- The middle half of MSCI Emerging Markets Core funds
- Median 0.66%
Every other MSCI Emerging Markets Core fund charges less.
Other funds in MSCI Emerging Markets Core
- AIEMGiShares Core MSCI Emerging Markets ETFExpense ratio 0.09%1 year return +28.7%
- BEMXCiShares MSCI Emerging Markets ex China ETFExpense ratio 0.25%1 year return +49.8%
- BEEMiShares MSCI Emerging Markets ETFExpense ratio 0.72%1 year return +29.8%
- CDBEMXtrackers MSCI Emerging Markets Hedged Equity ETFExpense ratio 0.66%1 year return +30.5%