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ETFs

iShares Currency Hedged MSCI Emerging Markets

HEEM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 23 2014
Expense Ratio
0.69%
Type
Global Ex. US Equities
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$276,859
AUM
$136,666,662
Associated Index
MSCI Emerging Markets 100% USD Hedged Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

EEM
BlackRock Institutional Trust Company N.A. - iShares MSCI Emerging Markets ETF
99.95%
n/a
Derivatives offset
0.44%
n/a
CASH COLLATERAL USD MSILW
0.14%
n/a
MXN/USD
0.02%
n/a
HKD/USD
0.02%
n/a
MYR/USD
-0.01%
n/a
ZAR/USD
-0.01%
n/a
CLP/USD
-0.01%
n/a
EUR/USD
-0.02%
n/a
INR/USD
-0.03%
Invest with HEEM

What is HEEM?

The iShares Currency Hedged MSCI Emerging Markets ETF (the Fund) seeks to track the investment results of an index composed of large- and mid-capitalization equities from emerging market countries while mitigating exposure to fluctuations between the value of the component currencies and the U.S. dollar.

ETFs related toHEEM

ETFs correlated to HEEM include VWO, SCHE, SPEM

HEEM
BlackRock Institutional Trust Company N.A. - iShares Currency Hedged MSCI Emerging Markets ETF
VWO
Vanguard Group, Inc. - Vanguard FTSE Emerging Markets ETF
SCHE
Schwab Strategic Trust - Schwab Emerging Markets Equity ETF
SPEM
SSgA Active Trust - SPDR Portfolio Emerging Markets ETF
EDC
Direxion Shares ETF Trust - Direxion Daily Emerging Markets Bull 3X Shares
IEMG
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Emerging Markets ETF
EEM
BlackRock Institutional Trust Company N.A. - iShares MSCI Emerging Markets ETF
ESGE
iShares Trust - iShare Inc iShares ESG Aware MSCI EM ETF
DFAE
Dimensional ETF Trust - Dimensional Emerging Core Equity Market ETF
EEMX
SSgA Active Trust - SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF
AAXJ
BlackRock Institutional Trust Company N.A. - iShares MSCI All Country Asia ex Japan ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toHEEM

#TSMO

Treasury and Stock Momentum

Category

Momentum, Be Risk Aware

Risk Rating

Aggressive

#SWITCH

Asset Switching

Category

Momentum, Grow Your Portfolio

Risk Rating

Aggressive

Create your own algorithmic trading strategy with HEEM using Composer

FAQ

HEEM is a Global Ex. US Equities ETF. The iShares Currency Hedged MSCI Emerging Markets ETF (the Fund) seeks to track the investment results of an index composed of large- and mid-capitalization equities from emerging market countries while mitigating exposure to fluctuations between the value of the component currencies and the U.S. dollar.

HEEM tracks the MSCI Emerging Markets 100% USD Hedged Index.

No, HEEM is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, HEEM is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on HEEM is -0.0155%. This is the percent change in the value of HEEM over the most recent 1-month period. The 3-month return on HEEM is 0.0211%. This is the percent change in the value of HEEM over the most recent 3-month period.

The standard deviation of HEEM for the past year is 0.1914%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to HEEM include EZU, IEV, and FEZ.

ETFs correlated to HEEM include VWO, SCHE, and SPEM.

ETFs that are inversely correlated to HEEM include EDZ, EUM, and YANG.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.