GRIN vs HEEM
Comparison between VictoryShares International Free Cash Flow Growth ETF (GRIN, ETF) and ISHARES CURRENCY HEDGED MSCI EMERGING MARKETS ETF (HEEM, ETF).
GRIN vs HEEM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
GRIN
$275M
Winner
HEEM
$275M
Expense Ratio
Winner
GRIN
0.56%
HEEM
0.72%
Max Drawdown
Winner
GRIN
14.36%
HEEM
35.35%
Sharpe Ratio
GRIN
1.10
Winner
HEEM
2.12
5Y Beta
GRIN
1.48
Winner
HEEM
0.73
5Y Dividends CAGR
GRIN
N/A
HEEM
14.21%
GRIN vs HEEM - Holdings Comparison
GRIN and HEEM have 1 common holdings. Overlap is -23.89%
GRIN's top 25 holdings weight is 57.25%. HEEM's top 25 holdings weight is 180.33%.
| Rank | GRIN | HEEM |
|---|---|---|
| #1 | KIOXIA HOLDINGS CORP ORDINARY SHARES (n/a) - 11.93% | ISHARES MSCI EMERGING MARKETS ETF (EEM) - 99.95% |
| #2 | SIEMENS ENERGY AG ORDINARY SHARES (n/a) - 3.23% | TWD/USD PURCHASED (n/a) - 23.90% |
| #3 | ASML HOLDING NV (n/a) - 3.10% | KRW/USD PURCHASED (n/a) - 17.94% |
| #4 | BARRICK MINING CORP (n/a) - 2.66% | HKD/USD PURCHASED (n/a) - 17.28% |
| #5 | ADVANTEST CORP (n/a) - 2.49% | INR/USD PURCHASED (n/a) - 11.18% |
| #6 | TECHNIPFMC PLC (n/a) - 2.37% | BRL/USD PURCHASED (n/a) - 3.92% |
| #7 | n/a (BDRBF) - 2.35% | CNH/USD PURCHASED (n/a) - 3.49% |
| #8 | KINROSS GOLD CORP (n/a) - 2.34% | MYR/USD PURCHASED (n/a) - 3.05% |
| #9 | TOKYO ELECTRON LTD (n/a) - 2.29% | ZAR/USD PURCHASED (n/a) - 3.03% |
| #10 | n/a (CLS) - 2.29% | EUR/USD PURCHASED (n/a) - 1.88% |
| #11 | AGNICO EAGLE MINES LTD (n/a) - 2.11% | MXN/USD PURCHASED (n/a) - 1.71% |
| #12 | ROLLS-ROYCE HOLDINGS PLC (n/a) - 1.95% | THB/USD PURCHASED (n/a) - 0.95% |
| #13 | ENDEAVOUR MINING PLC (n/a) - 1.93% | IDR/USD PURCHASED (n/a) - 0.78% |
| #14 | FUJIKURA LTD (n/a) - 1.75% | CLP/USD PURCHASED (n/a) - 0.58% |
| #15 | WARTSILA CORP (n/a) - 1.62% | TRY/USD PURCHASED (n/a) - 0.41% |
| #16 | IAMGOLD CORP (n/a) - 1.60% | BLACKROCK CASH FUNDS TREASURY SL AGENCY (n/a) - 0.00% |
| #17 | HOCHTIEF AG (n/a) - 1.35% | CASH OFFSET (n/a) - -0.01% |
| #18 | NOVO NORDISK AS CLASS B (n/a) - 1.34% | USD CASH (n/a) - -0.37% |
| #19 | PAN AMERICAN SILVER CORP (PAAS) - 1.32% | TRY/USD SOLD (n/a) - -0.41% |
| #20 | EVOLUTION MINING LTD (n/a) - 1.29% | CLP/USD SOLD (n/a) - -0.58% |
| #21 | SAP SE (n/a) - 1.25% | IDR/USD SOLD (n/a) - -0.78% |
| #22 | FAST RETAILING CO LTD (n/a) - 1.20% | THB/USD SOLD (n/a) - -0.95% |
| #23 | LASERTEC CORP (n/a) - 1.18% | MXN/USD SOLD (n/a) - -1.71% |
| #24 | FIRST MAJESTIC SILVER CORP (AG) - 1.18% | EUR/USD SOLD (n/a) - -1.88% |
| #25 | RECRUIT HOLDINGS CO LTD (n/a) - 1.13% | ZAR/USD SOLD (n/a) - -3.03% |
| Total Holdings | 101 | 32 |
GRIN vs HEEM - Historical Returns
Returns include dividend reinvestment.
1M
GRIN
+3.23%
Winner
HEEM
+3.60%
3M
GRIN
+15.29%
Winner
HEEM
+18.85%
6M
GRIN
+18.87%
Winner
HEEM
+28.40%
1Y
GRIN
+28.95%
Winner
HEEM
+53.43%
5Y(CAGR)
GRIN
N/A
HEEM
+9.83%
10Y(CAGR)
GRIN
N/A
HEEM
+11.24%
Max(CAGR)
Winner
GRIN
+30.29%
HEEM
+8.51%
GRIN vs HEEM - Annual Returns (2014 - 2026)
Returns include dividend reinvestment.
| Year | GRIN | HEEM |
|---|---|---|
| 2026 | +17.12% | +22.58% |
| 2025 | +8.73% | +34.47% |
| 2024 | N/A | +13.00% |
| 2023 | N/A | +8.27% |
| 2022 | N/A | -17.43% |
| 2021 | N/A | -2.74% |
| 2020 | N/A | +15.36% |
| 2019 | N/A | +17.92% |
| 2018 | N/A | -12.68% |
| 2017 | N/A | +26.04% |
| 2016 | N/A | +11.00% |
| 2015 | N/A | -9.15% |
| 2014 | N/A | -1.12% |
GRIN vs HEEM Drawdown Comparison
The maximum drawdown for GRIN was -14.31%, occurring on Mar 30, 2026. Recovery took 32 trading sessions.
The maximum drawdown for HEEM was -33.53%, occurring on Oct 24, 2022. Recovery took 1097 trading sessions.
The current GRIN drawdown is -0.40%. The current HEEM drawdown is -3.95%.
| Rank | GRIN | HEEM |
|---|---|---|
| #1 | -14.31% Feb 26, 2026 - Apr 14, 2026 | -33.53% Feb 17, 2021 - Jul 1, 2025 |
| #2 | -7.55% Jan 27, 2026 - Feb 25, 2026 | -28.82% Jan 26, 2018 - Aug 5, 2020 |
| #3 | -7.29% Jun 4, 2026 - Jun 10, 2026 | -27.54% Apr 27, 2015 - Jul 11, 2017 |
| #4 | -7.08% Oct 6, 2025 - Dec 23, 2025 | -10.83% Feb 25, 2026 - Apr 17, 2026 |
| #5 | -6.22% May 8, 2026 - May 26, 2026 | -8.71% Nov 21, 2014 - Jan 22, 2015 |
| #6 | -5.42% Apr 17, 2026 - May 6, 2026 | -8.01% Jun 2, 2026 - Jun 10, 2026 |
| #7 | -3.59% Jul 23, 2025 - Aug 12, 2025 | -5.70% Aug 26, 2020 - Oct 12, 2020 |
| #8 | -2.05% May 26, 2026 - Jun 1, 2026 | -5.39% Nov 21, 2017 - Jan 2, 2018 |
| #9 | -2.05% Jun 30, 2025 - Jul 23, 2025 | -5.25% Jan 25, 2021 - Feb 5, 2021 |
| #10 | -2.03% Sep 22, 2025 - Oct 1, 2025 | -4.29% Feb 20, 2015 - Apr 2, 2015 |
| #11 | -1.96% May 6, 2026 - May 8, 2026 | -4.17% Oct 8, 2025 - Oct 20, 2025 |
| #12 | -1.92% Aug 22, 2025 - Sep 5, 2025 | -4.14% Oct 29, 2025 - Dec 4, 2025 |
| #13 | -1.67% Dec 26, 2025 - Jan 5, 2026 | -4.13% May 11, 2026 - May 26, 2026 |
| #14 | -1.64% Aug 18, 2025 - Aug 22, 2025 | -3.56% Jan 22, 2015 - Feb 13, 2015 |
| #15 | -1.35% Apr 14, 2026 - Apr 17, 2026 | -3.36% Oct 6, 2014 - Oct 31, 2014 |
Correlation
Correlation between GRIN and HEEM is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
0.98
-101
Dividend Comparison (2014 - 2026)
GRIN vs HEEM dividend yield comparison.
| Year | GRIN | HEEM |
|---|---|---|
| 2026 | 0.40% | 0.00% |
| 2025 | 0.16% | 3.98% |
| 2024 | 0.00% | 2.38% |
| 2023 | 0.00% | 2.75% |
| 2022 | 0.00% | 7.49% |
| 2021 | 0.00% | 1.93% |
| 2020 | 0.00% | 1.49% |
| 2019 | 0.00% | 3.04% |
| 2018 | 0.00% | 2.37% |
| 2017 | 0.00% | 2.05% |
| 2016 | 0.00% | 1.84% |
| 2015 | 0.00% | 6.28% |
| 2014 | 0.00% | 2.04% |
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