HEEM vs IVV
iShares Currency Hedged MSCI Emerging Markets ETF vs iShares Core S&P 500 ETF
Which is better, HEEM or IVV?
Each has led over a different period.
IVV has a lower expense ratio. HEEM led over 1Y and 3Y, IVV over 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | HEEM | IVV |
|---|---|---|
| Expense Ratio | 0.72% | 0.03%Best |
| AUM | $288M | $876.4B |
| Dividend Yield | 1.72% | 1.06% |
| Holdings | 1,327 | 508 |
| YTD Return | +16.37%Best | +11.03% |
| 1Y Return | +24.93%Best | +15.62% |
| 3Y Return (annualized) | +21.88%Best | +20.81% |
| 5Y Return (annualized) | +9.21% | +12.61%Best |
| Volatility (annualized) | 14.1%Best | 14.9% |
| Max Drawdown | -33.5%Best | -33.9% |
| $10,000 over 5 years | $15,535 | $18,109Best |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 23, 2014 | May 15, 2000 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 25, 2014 to Sep 16, 2026 (12 years).
HEEM vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 12 years both funds cover.
HEEM vs IVV Performance
iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) is an ETF from iShares by BlackRock (US) and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year HEEM returned +24.93% while IVV returned +15.62%. Year to date, HEEM is up 16.37% versus a gain of 11.03% for IVV.
Over three years, HEEM compounded at +21.88% per year against +20.81% for IVV; over five years the annualized figures are +9.21% and +12.61% respectively. Across the full 12-year window we track, IVV has the edge at +12.60% annualized vs +7.56%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 14.9% compared with 14.1% for HEEM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -33.5% for HEEM and -33.9% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.69. They move together some of the time, and apart the rest.
Fees and Cost Over Time
HEEM charges 0.72% per year while IVV charges 0.03%. On a $10,000 position that is $72 vs $3 annually, a gap of $69 per year that compounds over a long holding period. On income, HEEM currently yields 1.72% against 1.06% for IVV.
Holdings Overlap
At least 0.1% of IVV's money is in holdings HEEM also owns.
Stated as a floor: for HEEM, our book for it covers 99.9% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 2 positions we hold weights for in HEEM and 490 in IVV, against full books of 1,327 and 508.
Top Shared Holdings
| Stock | Weight in HEEM | Weight in IVV | Difference |
|---|---|---|---|
| XTSLABlackrock Cash Funds: Treasury, Sl Agency Shares | 0.00% | 0.15% | 0.15% |
You are not choosing between two funds in isolation.
Whichever of HEEM and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, HEEM or IVV?
HEEM has an expense ratio of 0.72% while IVV charges 0.03%. IVV is the cheaper option, by $69 a year on a $10,000 investment.
Which performed better, HEEM or IVV?
Over the past year HEEM returned +24.93% vs +15.62% for IVV, so HEEM leads on 1-year performance. Over the longest common window we track (12 years), HEEM annualized +7.56% vs +12.60% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HEEM or IVV?
IVV has been the more volatile fund at 14.9% annualized versus 14.1% for HEEM. Worst drawdown: HEEM -33.5% vs IVV -33.9%.
Should I hold both HEEM and IVV?
HEEM and IVV have a monthly-return correlation of 0.69, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, HEEM or IVV?
HEEM yields 1.72% while IVV yields 1.06%, so HEEM currently pays the higher dividend yield.
Is IVV better than HEEM?
IVV has a lower expense ratio. HEEM led over 1Y and 3Y, IVV over 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.