HEEM vs USNZ
Comparison between ISHARES CURRENCY HEDGED MSCI EMERGING MARKETS ETF (HEEM, ETF) and XTRACKERS NET ZERO PATHWAY PARIS ALIGNED US EQUITY ETF (USNZ, ETF).
HEEM vs USNZ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
HEEM
$290M
Winner
USNZ
$290M
Expense Ratio
HEEM
0.72%
Winner
USNZ
0.10%
Max Drawdown
HEEM
35.35%
Winner
USNZ
19.34%
Sharpe Ratio
Winner
HEEM
1.56
USNZ
1.18
5Y Beta
Winner
HEEM
0.77
USNZ
0.98
P/E Ratio
HEEM
N/A
USNZ
30.60
Forward P/E
HEEM
N/A
USNZ
21.55
PEG Ratio
HEEM
N/A
USNZ
0.28
5Y Dividends CAGR
HEEM
21.76%
USNZ
N/A
5Y EPS CAGR
HEEM
N/A
USNZ
30.67%
Debt to Equity
HEEM
N/A
USNZ
34.98%
P/S Ratio
HEEM
N/A
USNZ
4.42
P/B Ratio
HEEM
N/A
USNZ
6.86
HEEM vs USNZ - Holdings Comparison
HEEM and USNZ have 1 common holdings. Overlap is -28.12%
HEEM's top 25 holdings weight is 184.07%. USNZ's top 25 holdings weight is 56.79%.
| Rank | HEEM | USNZ |
|---|---|---|
| #1 | ISHARES MSCI EMERGING MARKETS ETF (EEM) - 100.73% | NVIDIA CORP (NVDA) - 9.71% |
| #2 | TWD/USD PURCHASED (n/a) - 26.48% | APPLE INC (AAPL) - 9.14% |
| #3 | KRW/USD PURCHASED (n/a) - 24.64% | MICROSOFT CORP (MSFT) - 5.61% |
| #4 | HKD/USD PURCHASED (n/a) - 18.59% | ALPHABET INC CLASS A (GOOGL) - 3.92% |
| #5 | INR/USD PURCHASED (n/a) - 11.71% | AMAZON.COM INC (AMZN) - 3.91% |
| #6 | CNH/USD PURCHASED (n/a) - 3.79% | ALPHABET INC CLASS C (GOOG) - 3.32% |
| #7 | ZAR/USD PURCHASED (n/a) - 3.21% | BROADCOM INC (AVGO) - 2.97% |
| #8 | EUR/USD PURCHASED (n/a) - 2.05% | META PLATFORMS INC CLASS A (META) - 2.56% |
| #9 | MXN/USD PURCHASED (n/a) - 1.88% | TESLA INC (TSLA) - 1.86% |
| #10 | BRL/USD PURCHASED (n/a) - 0.10% | MICRON TECHNOLOGY INC (MU) - 1.78% |
| #11 | THB/USD PURCHASED (n/a) - 0.10% | ELI LILLY AND CO (LLY) - 1.61% |
| #12 | CLP/USD PURCHASED (n/a) - 0.02% | ADVANCED MICRO DEVICES INC (AMD) - 1.52% |
| #13 | TRY/USD PURCHASED (n/a) - 0.01% | JPMORGAN CHASE & CO (JPM) - 1.49% |
| #14 | MYR/USD PURCHASED (n/a) - 0.01% | JOHNSON & JOHNSON (JNJ) - 1.03% |
| #15 | IDR/USD PURCHASED (n/a) - 0.01% | VISA INC CLASS A (V) - 0.95% |
| #16 | BLACKROCK CASH FUNDS TREASURY SL AGENCY (n/a) - 0.00% | INTEL CORP (INTC) - 0.87% |
| #17 | TRY/USD SOLD (n/a) - -0.40% | APPLIED MATERIALS INC (AMAT) - 0.85% |
| #18 | USD CASH (n/a) - -0.44% | CISCO SYSTEMS INC (CSCO) - 0.80% |
| #19 | CLP/USD SOLD (n/a) - -0.62% | LAM RESEARCH CORP (LRCX) - 0.77% |
| #20 | IDR/USD SOLD (n/a) - -0.75% | ABBVIE INC (ABBV) - 0.75% |
| #21 | CASH OFFSET (n/a) - -0.80% | CHARLES SCHWAB CORP (SCHW) - 0.28% |
| #22 | THB/USD SOLD (n/a) - -1.10% | UBER TECHNOLOGIES INC (UBER) - 0.28% |
| #23 | MYR/USD SOLD (n/a) - -1.12% | THE WALT DISNEY CO (DIS) - 0.28% |
| #24 | MXN/USD SOLD (n/a) - -1.98% | BLACKROCK INC (BLK) - 0.27% |
| #25 | EUR/USD SOLD (n/a) - -2.05% | BRISTOL-MYERS SQUIBB CO (BMY) - 0.26% |
| Total Holdings | 32 | 271 |
HEEM vs USNZ - Historical Returns
Returns include dividend reinvestment.
1M
HEEM
-8.25%
Winner
USNZ
+0.76%
3M
HEEM
+6.24%
Winner
USNZ
+7.60%
6M
Winner
HEEM
+14.27%
USNZ
+10.68%
1Y
Winner
HEEM
+42.10%
USNZ
+20.88%
5Y(CAGR)
HEEM
+9.67%
Winner
USNZ
+19.12%
10Y(CAGR)
HEEM
+10.18%
USNZ
N/A
Max(CAGR)
HEEM
+8.16%
Winner
USNZ
+19.12%
HEEM vs USNZ - Annual Returns (2014 - 2026)
Returns include dividend reinvestment.
| Year | HEEM | USNZ |
|---|---|---|
| 2026 | +19.04% | +10.26% |
| 2025 | +34.47% | +17.91% |
| 2024 | +13.00% | +22.88% |
| 2023 | +8.27% | +27.98% |
| 2022 | -17.43% | +0.75% |
| 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 USNZ Drawdown Comparison
The maximum drawdown for HEEM was -33.53%, occurring on Oct 24, 2022. Recovery took 1097 trading sessions.
The maximum drawdown for USNZ was -19.16%, occurring on Apr 8, 2025. Recovery took 88 trading sessions.
The current HEEM drawdown is -8.25%. The current USNZ drawdown is -1.41%.
| Rank | HEEM | USNZ |
|---|---|---|
| #1 | -33.53% Feb 17, 2021 - Jul 1, 2025 | -19.16% Feb 19, 2025 - Jun 26, 2025 |
| #2 | -28.82% Jan 26, 2018 - Aug 5, 2020 | -17.79% Aug 16, 2022 - Jun 1, 2023 |
| #3 | -27.54% Apr 27, 2015 - Jul 11, 2017 | -11.26% Jul 31, 2023 - Dec 1, 2023 |
| #4 | -11.01% Jun 22, 2026 - Jul 17, 2026 | -11.07% Jan 28, 2026 - Apr 15, 2026 |
| #5 | -10.83% Feb 25, 2026 - Apr 17, 2026 | -8.65% Jul 16, 2024 - Sep 19, 2024 |
| #6 | -8.71% Nov 21, 2014 - Jan 22, 2015 | -6.41% Mar 28, 2024 - May 15, 2024 |
| #7 | -8.01% Jun 2, 2026 - Jun 18, 2026 | -5.56% Oct 28, 2025 - Dec 24, 2025 |
| #8 | -5.70% Aug 26, 2020 - Oct 12, 2020 | -4.91% Jun 2, 2026 - Jun 10, 2026 |
| #9 | -5.39% Nov 21, 2017 - Jan 2, 2018 | -4.70% Dec 4, 2024 - Feb 18, 2025 |
| #10 | -5.25% Jan 25, 2021 - Feb 5, 2021 | -3.14% Oct 14, 2024 - Nov 7, 2024 |
| #11 | -4.29% Feb 20, 2015 - Apr 2, 2015 | -3.06% Jan 12, 2026 - Jan 28, 2026 |
| #12 | -4.17% Oct 8, 2025 - Oct 20, 2025 | -3.00% Jul 7, 2022 - Jul 19, 2022 |
| #13 | -4.14% Oct 29, 2025 - Dec 4, 2025 | -2.94% Oct 8, 2025 - Oct 20, 2025 |
| #14 | -4.13% May 11, 2026 - May 26, 2026 | -2.53% Nov 8, 2024 - Nov 26, 2024 |
| #15 | -3.56% Jan 22, 2015 - Feb 13, 2015 | -2.37% Jul 21, 2022 - Jul 27, 2022 |
Correlation
Correlation between HEEM and USNZ is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.
0.92
-101
Dividend Comparison (2014 - 2026)
HEEM vs USNZ dividend yield comparison.
| Year | HEEM | USNZ |
|---|---|---|
| 2026 | 0.54% | 0.42% |
| 2025 | 3.98% | 1.02% |
| 2024 | 2.38% | 1.14% |
| 2023 | 2.75% | 1.19% |
| 2022 | 7.49% | 0.80% |
| 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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