HEEM vs QLTI
Comparison between ISHARES CURRENCY HEDGED MSCI EMERGING MARKETS ETF (HEEM, ETF) and GMO INTERNATIONAL QUALITY ETF (QLTI, ETF).
HEEM vs QLTI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
HEEM
$290M
Winner
QLTI
$290M
Expense Ratio
HEEM
0.72%
Winner
QLTI
0.60%
Max Drawdown
HEEM
35.35%
Winner
QLTI
14.82%
Sharpe Ratio
Winner
HEEM
1.56
QLTI
0.18
5Y Beta
HEEM
0.77
Winner
QLTI
0.66
5Y Dividends CAGR
HEEM
21.76%
QLTI
N/A
HEEM vs QLTI - Holdings Comparison
HEEM and QLTI have 1 common holdings. Overlap is -28.12%
HEEM's top 25 holdings weight is 184.07%. QLTI's top 25 holdings weight is 85.71%.
| Rank | HEEM | QLTI |
|---|---|---|
| #1 | ISHARES MSCI EMERGING MARKETS ETF (EEM) - 100.73% | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ADR (TSM) - 6.25% |
| #2 | TWD/USD PURCHASED (n/a) - 26.48% | INDUSTRIA DE DISENO TEXTIL SA SHARE FROM SPLIT (n/a) - 5.07% |
| #3 | KRW/USD PURCHASED (n/a) - 24.64% | ASML HOLDING NV ADR (ASML) - 4.60% |
| #4 | HKD/USD PURCHASED (n/a) - 18.59% | NOVARTIS AG ADR (NVS) - 4.11% |
| #5 | INR/USD PURCHASED (n/a) - 11.71% | SAFRAN SA ADR (SAFRY) - 3.94% |
| #6 | CNH/USD PURCHASED (n/a) - 3.79% | UNILEVER PLC ADR (UL) - 3.94% |
| #7 | ZAR/USD PURCHASED (n/a) - 3.21% | L'OREAL SA ADR (LRLCY) - 3.82% |
| #8 | EUR/USD PURCHASED (n/a) - 2.05% | AIR LIQUIDE SA ADR (AIQUY) - 3.80% |
| #9 | MXN/USD PURCHASED (n/a) - 1.88% | KERRY GROUP PLC CLASS A (n/a) - 3.70% |
| #10 | BRL/USD PURCHASED (n/a) - 0.10% | ROCHE HOLDING AG ADR (RHHBY) - 3.65% |
| #11 | THB/USD PURCHASED (n/a) - 0.10% | COMPASS GROUP PLC ADR (CMPGY) - 3.52% |
| #12 | CLP/USD PURCHASED (n/a) - 0.02% | HALEON PLC ADR (HLN) - 3.50% |
| #13 | TRY/USD PURCHASED (n/a) - 0.01% | AMADEUS IT GROUP SA (n/a) - 3.41% |
| #14 | MYR/USD PURCHASED (n/a) - 0.01% | SAP SE ADR (SAP) - 3.37% |
| #15 | IDR/USD PURCHASED (n/a) - 0.01% | KNORR-BREMSE AG BEARER SHARES (n/a) - 3.06% |
| #16 | BLACKROCK CASH FUNDS TREASURY SL AGENCY (n/a) - 0.00% | RYANAIR HOLDINGS PLC ADR (RYAAY) - 3.01% |
| #17 | TRY/USD SOLD (n/a) - -0.40% | BRAMBLES LTD (n/a) - 2.91% |
| #18 | USD CASH (n/a) - -0.44% | ASSA ABLOY AB CLASS B (n/a) - 2.84% |
| #19 | CLP/USD SOLD (n/a) - -0.62% | LVMH MOET HENNESSY LOUIS VUITTON SE ADR (LVMUY) - 2.81% |
| #20 | IDR/USD SOLD (n/a) - -0.75% | SHIN-ETSU CHEMICAL CO LTD DR (SHECY) - 2.80% |
| #21 | CASH OFFSET (n/a) - -0.80% | DIAGEO PLC ADR (DEO) - 2.37% |
| #22 | THB/USD SOLD (n/a) - -1.10% | HOYA CORP (n/a) - 2.36% |
| #23 | MYR/USD SOLD (n/a) - -1.12% | FOMENTO ECONOMICO MEXICANO SAB DE CV ADR (FMX) - 2.34% |
| #24 | MXN/USD SOLD (n/a) - -1.98% | SCHNEIDER ELECTRIC SE ADR (SBGSY) - 2.33% |
| #25 | EUR/USD SOLD (n/a) - -2.05% | KONE OYJ CLASS B (n/a) - 2.20% |
| Total Holdings | 32 | 41 |
HEEM vs QLTI - Historical Returns
Returns include dividend reinvestment.
1M
HEEM
-8.25%
Winner
QLTI
-0.10%
3M
Winner
HEEM
+6.24%
QLTI
+1.94%
6M
Winner
HEEM
+14.27%
QLTI
-2.09%
1Y
Winner
HEEM
+42.10%
QLTI
+5.27%
5Y(CAGR)
HEEM
+9.67%
QLTI
N/A
10Y(CAGR)
HEEM
+10.18%
QLTI
N/A
Max(CAGR)
Winner
HEEM
+8.16%
QLTI
+4.21%
HEEM vs QLTI - Annual Returns (2014 - 2026)
Returns include dividend reinvestment.
| Year | HEEM | QLTI |
|---|---|---|
| 2026 | +19.04% | -0.68% |
| 2025 | +34.47% | +17.49% |
| 2024 | +13.00% | -8.17% |
| 2023 | +8.27% | N/A |
| 2022 | -17.43% | N/A |
| 2021 | -2.74% | N/A |
| 2020 | +15.36% | N/A |
| 2019 | +17.92% | N/A |
| 2018 | -12.68% | N/A |
| 2017 | +26.04% | N/A |
| 2016 | +11.00% | N/A |
| 2015 | -9.15% | N/A |
| 2014 | -1.12% | N/A |
HEEM vs QLTI Drawdown Comparison
The maximum drawdown for HEEM was -33.53%, occurring on Oct 24, 2022. Recovery took 1097 trading sessions.
The maximum drawdown for QLTI was -14.82%, occurring on Apr 8, 2025. Recovery took 52 trading sessions.
The current HEEM drawdown is -8.25%. The current QLTI drawdown is -5.63%.
| Rank | HEEM | QLTI |
|---|---|---|
| #1 | -33.53% Feb 17, 2021 - Jul 1, 2025 | -14.82% Mar 5, 2025 - May 19, 2025 |
| #2 | -28.82% Jan 26, 2018 - Aug 5, 2020 | -13.72% Feb 24, 2026 - Mar 27, 2026 |
| #3 | -27.54% Apr 27, 2015 - Jul 11, 2017 | -8.56% Oct 29, 2024 - Mar 5, 2025 |
| #4 | -11.01% Jun 22, 2026 - Jul 17, 2026 | -6.96% Oct 20, 2025 - Dec 26, 2025 |
| #5 | -10.83% Feb 25, 2026 - Apr 17, 2026 | -6.52% Jul 10, 2025 - Oct 2, 2025 |
| #6 | -8.71% Nov 21, 2014 - Jan 22, 2015 | -4.29% Jun 12, 2025 - Jul 10, 2025 |
| #7 | -8.01% Jun 2, 2026 - Jun 18, 2026 | -2.86% Oct 6, 2025 - Oct 16, 2025 |
| #8 | -5.70% Aug 26, 2020 - Oct 12, 2020 | -2.59% Jan 27, 2026 - Feb 9, 2026 |
| #9 | -5.39% Nov 21, 2017 - Jan 2, 2018 | -2.10% Jan 12, 2026 - Jan 23, 2026 |
| #10 | -5.25% Jan 25, 2021 - Feb 5, 2021 | -1.31% Feb 10, 2026 - Feb 20, 2026 |
| #11 | -4.29% Feb 20, 2015 - Apr 2, 2015 | -0.97% May 27, 2025 - Jun 2, 2025 |
| #12 | -4.17% Oct 8, 2025 - Oct 20, 2025 | -0.87% Jun 2, 2025 - Jun 4, 2025 |
| #13 | -4.14% Oct 29, 2025 - Dec 4, 2025 | -0.87% May 20, 2025 - May 27, 2025 |
| #14 | -4.13% May 11, 2026 - May 26, 2026 | -0.82% Feb 20, 2026 - Feb 24, 2026 |
| #15 | -3.56% Jan 22, 2015 - Feb 13, 2015 | -0.51% Jun 10, 2025 - Jun 12, 2025 |
Correlation
Correlation between HEEM and QLTI is 0.83 which considered as a strong positive correlation - the stocks tend to move together.
0.83
-101
Dividend Comparison (2014 - 2026)
HEEM vs QLTI dividend yield comparison.
| Year | HEEM | QLTI |
|---|---|---|
| 2026 | 0.54% | 0.09% |
| 2025 | 3.98% | 0.52% |
| 2024 | 2.38% | 0.19% |
| 2023 | 2.75% | 0.00% |
| 2022 | 7.49% | 0.00% |
| 2021 | 1.93% | 0.00% |
| 2020 | 1.49% | 0.00% |
| 2019 | 3.04% | 0.00% |
| 2018 | 2.37% | 0.00% |
| 2017 | 2.05% | 0.00% |
| 2016 | 1.84% | 0.00% |
| 2015 | 6.28% | 0.00% |
| 2014 | 2.04% | 0.00% |
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