HEEM vs ERC

Comparison between ISHARES CURRENCY HEDGED MSCI EMERGING MARKETS ETF (HEEM, ETF) and Allspring Multi-Sector Income Fund (ERC, ETF).

5-Year PerformanceHEEM has outperformed ERC, delivering a return of +10.0% compared to +2.4%

HEEM vs ERC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HEEM(ETF)	ERC(ETF)
Net Assets	$277M	$276M
Expense Ratio	0.72%	N/A
Max Drawdown	35.35%	61.26%
Sharpe Ratio	1.36	0.57
5Y Beta	0.77	0.29
5Y Dividends CAGR	21.76%	-6.36%

Net Assets

Winner

HEEM

$277M

ERC

$276M

Expense Ratio

HEEM

0.72%

ERC

N/A

Max Drawdown

Winner

HEEM

35.35%

ERC

61.26%

Sharpe Ratio

Winner

HEEM

1.36

ERC

0.57

5Y Beta

HEEM

0.77

Winner

ERC

0.29

5Y Dividends CAGR

Winner

HEEM

21.76%

ERC

-6.36%

HEEM vs ERC - Historical Returns

Returns include dividend reinvestment.

Period	HEEM	ERC
1 month	+2.22%	+3.01%
3 months	-1.44%	+5.72%
6 months	+5.55%	+3.88%
1 year	+36.16%	+7.94%
5 years(CAGR)	+10.05%	+2.36%
10 years(CAGR)	+9.70%	+6.21%
Max(CAGR)	+7.96%	+6.50%

HEEM

+2.22%

Winner

ERC

+3.01%

HEEM

-1.44%

Winner

ERC

+5.72%

Winner

HEEM

+5.55%

ERC

+3.88%

Winner

HEEM

+36.16%

ERC

+7.94%

5Y(CAGR)

Winner

HEEM

+10.05%

ERC

+2.36%

10Y(CAGR)

Winner

HEEM

+9.70%

ERC

+6.21%

Max(CAGR)

Winner

HEEM

+7.96%

ERC

+6.50%

HEEM vs ERC - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	HEEM	ERC
2026	+17.32%	+6.17%
2025	+34.47%	+11.57%
2024	+13.00%	+6.22%
2023	+8.27%	+4.86%
2022	-17.43%	-16.89%
2021	-2.74%	+19.00%
2020	+15.36%	+4.50%
2019	+17.92%	+27.12%
2018	-12.68%	-4.31%
2017	+26.04%	+11.37%
2016	+11.00%	+22.86%
2015	-9.15%	-6.98%
2014	-1.12%	+4.97%
2013	N/A	-7.17%
2012	N/A	+19.05%
2011	N/A	+4.26%
2010	N/A	+17.22%
2009	N/A	+46.85%
2008	N/A	-20.91%
2007	N/A	-1.03%
2006	N/A	+16.47%
2005	N/A	-7.05%
2004	N/A	+7.02%
2003	N/A	-3.51%

HEEM vs ERC Drawdown Comparison

The maximum drawdown for HEEM was -33.53%, occurring on Oct 24, 2022. Recovery took 1097 trading sessions.

The maximum drawdown for ERC was -47.40%, occurring on Oct 10, 2008. Recovery took 558 trading sessions.

The current HEEM drawdown is -9.58%. The current ERC drawdown is -0.64%.

Rank	HEEM	ERC
#1	-33.53% Feb 17, 2021 - Jul 1, 2025	-47.40% May 7, 2007 - Jul 23, 2009
#2	-28.82% Jan 26, 2018 - Aug 5, 2020	-41.26% Feb 20, 2020 - Jan 7, 2021
#3	-27.54% Apr 27, 2015 - Jul 11, 2017	-33.58% Sep 27, 2021 - Sep 16, 2025
#4	-15.00% Jun 22, 2026 - Jul 29, 2026	-18.40% Apr 26, 2013 - Apr 29, 2016
#5	-10.83% Feb 25, 2026 - Apr 17, 2026	-13.99% Apr 16, 2018 - Feb 1, 2019
#6	-8.71% Nov 21, 2014 - Jan 22, 2015	-12.99% Feb 10, 2004 - Oct 8, 2004
#7	-8.01% Jun 2, 2026 - Jun 18, 2026	-11.66% Jun 27, 2003 - Jan 9, 2004
#8	-5.70% Aug 26, 2020 - Oct 12, 2020	-11.24% May 4, 2010 - Jul 23, 2010
#9	-5.39% Nov 21, 2017 - Jan 2, 2018	-10.46% Jul 21, 2011 - Jan 19, 2012
#10	-5.25% Jan 25, 2021 - Feb 5, 2021	-10.39% Dec 8, 2004 - Aug 8, 2006
#11	-4.29% Feb 20, 2015 - Apr 2, 2015	-9.75% Nov 8, 2010 - Jul 15, 2011
#12	-4.17% Oct 8, 2025 - Oct 20, 2025	-8.57% Oct 25, 2012 - Jan 17, 2013
#13	-4.14% Oct 29, 2025 - Dec 4, 2025	-7.89% Sep 7, 2016 - Dec 28, 2016
#14	-4.13% May 11, 2026 - May 26, 2026	-6.87% Feb 18, 2026 - Jun 29, 2026
#15	-3.56% Jan 22, 2015 - Feb 13, 2015	-5.09% Jan 19, 2010 - Feb 25, 2010

Correlation

Correlation between HEEM and ERC is 0.88 which considered as a strong positive correlation - the stocks tend to move together.

0.88

-101

Dividend Comparison (2003 - 2026)

HEEM vs ERC dividend yield comparison.

Year	HEEM	ERC
2026	0.55%	6.26%
2025	3.98%	9.34%
2024	2.38%	8.65%
2023	2.75%	8.44%
2022	7.49%	10.71%
2021	1.93%	8.51%
2020	1.49%	9.50%
2019	3.04%	9.35%
2018	2.37%	11.56%
2017	2.05%	9.66%
2016	1.84%	8.80%
2015	6.28%	13.67%
2014	2.04%	8.78%
2013	0.00%	8.53%
2012	0.00%	7.42%
2011	0.00%	8.23%
2010	0.00%	8.48%
2009	0.00%	9.17%
2008	0.00%	23.72%
2007	0.00%	8.27%
2006	0.00%	8.19%
2005	0.00%	9.18%
2004	0.00%	8.54%
2003	0.00%	3.83%