HEEM Performance — iShares Currency Hedged MSCI Emerging Markets ETF
Data updated: 2026-07-27
HEEM returned +26.61% year to date and +58.39% over one year to May 2026. Annualised returns are +26.44% over 3 years and +9.79% over 5 years. The fund beat its Alternative category average: $100 invested three years ago grew to $202, against $176 for the category, and to $158 over one year, against $113. Volatility over the past three years was 13.33% a year. In the 12 months to May 2026 the fund took in a net $29.9M, and assets reached $275.28M.
HEEM Growth of $100
What $100 invested in iShares Currency Hedged MSCI Emerging Markets ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Alternative category average over the same months.
| Period | HEEM | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $158 | $113 |
| 3 years (Jun 2023 – May 2026) | $202 | $176 |
| 5 years (Jun 2021 – May 2026) | $159 | $161 |
| Since data start (Sep 2019 – May 2026) | $221 | $192 |
HEEM Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +26.61% |
| 1 year | +58.39% |
| 3 years (annualised) | +26.44% |
| 5 years (annualised) | +9.79% |
HEEM Annual Returns
Calendar-year total returns of iShares Currency Hedged MSCI Emerging Markets ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +26.61% |
| 2025 | +31.95% |
| 2024 | +12.47% |
| 2023 | +9.65% |
| 2022 | −16.36% |
| 2021 | −2.12% |
| 2020 | +18.11% |
| 2019 (Sep–Dec) | +10.94% |
HEEM Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +8.0% | +5.2% | −6.8% | +11.5% | +7.2% | — | — | — | — | — | — | — |
| 2025 | +1.8% | +1.4% | +0.7% | −1.3% | +2.8% | +6.0% | +2.4% | +2.8% | +7.1% | +4.0% | −1.0% | +1.8% |
| 2024 | −3.2% | +4.5% | +3.2% | +0.8% | +1.7% | +3.0% | +1.0% | −0.1% | +4.9% | −1.6% | −1.7% | −0.3% |
| 2023 | +7.8% | −5.5% | +2.4% | −0.4% | −1.8% | +4.1% | +5.2% | −5.1% | −2.2% | −3.0% | +6.2% | +2.9% |
| 2022 | 0.0% | −3.6% | −3.4% | −4.1% | −0.1% | −3.1% | 0.0% | −0.5% | −9.0% | −1.8% | +12.2% | −3.1% |
| 2021 | +4.0% | +1.0% | −0.3% | +0.4% | +0.7% | +1.4% | −5.8% | +1.1% | −2.8% | +0.9% | −3.5% | +1.1% |
| 2020 | −4.5% | −2.9% | −12.8% | +7.2% | +2.7% | +5.9% | +7.5% | +2.7% | −1.2% | +0.8% | +7.7% | +5.8% |
| 2019 | — | — | — | — | — | — | — | — | +1.1% | +3.1% | +0.5% | +5.9% |
HEEM Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 13.33%
- 3-year Sharpe ratio: 1.65 (vs 4.5% risk-free rate)
- Best month: +11.51% (Apr 2026)
- Worst month: −6.78% (Mar 2026)
HEEM Fund Flows
Monthly money in and out of iShares Currency Hedged MSCI Emerging Markets ETF, from SEC Form N-PORT.
- 12-month net flow: $29.9M
- 12-month gross sales (incl. reinvestments): $53.8M
- Sales ÷ redemptions: 2.25×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $2.1M | $3.1M | −$1.0M |
| Apr 2026 | $12.5M | $0 | $12.5M |
| Mar 2026 | $1.9M | $6.3M | −$4.5M |
| Feb 2026 | $11.1M | $0 | $11.1M |
| Jan 2026 | $9.5M | $0 | $9.5M |
| Dec 2025 | $2.8M | $0 | $2.8M |
| Nov 2025 | $0 | $687K | −$687K |
| Oct 2025 | $0 | $1.0M | −$1.0M |
| Sep 2025 | $345 | $3.2M | −$3.2M |
| Aug 2025 | $3.1M | $7.2M | −$4.0M |
| Jul 2025 | $8.5M | $2.4M | $6.1M |
| Jun 2025 | $2.3M | $0 | $2.3M |
HEEM Assets Under Management
Net assets of iShares Currency Hedged MSCI Emerging Markets ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $275.28M |
| 2026-02-28 | $240.02M |
| 2025-11-30 | $188.62M |
| 2025-08-31 | $175.88M |
| 2025-05-31 | $154.88M |
| 2025-02-28 | $156.03M |
| 2024-11-30 | $165.46M |
| 2024-08-31 | $163.65M |
| 2024-05-31 | $158.82M |
| 2024-02-29 | $121.03M |
| 2023-11-30 | $128.79M |
| 2023-08-31 | $134.29M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.