HEWJ vs LEMB
Comparison between ISHARES CURRENCY HEDGED MSCI JAPAN ETF (HEWJ, ETF) and ISHARES J.P. MORGAN EM LOCAL CURRENCY BOND ETF (LEMB, ETF).
5-Year PerformanceHEWJ has outperformed LEMB, delivering a return of +22.1% compared to +1.8%
HEWJ vs LEMB - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
HEWJ vs LEMB - Historical Returns
Returns include dividend reinvestment.
HEWJ vs LEMB - Annual Returns (2011 - 2026)
Returns include dividend reinvestment.
| Year | HEWJ | LEMB |
|---|---|---|
| 2026 | +21.25% | +4.18% |
| 2025 | +30.04% | +17.92% |
| 2024 | +25.12% | -1.21% |
| 2023 | +35.83% | +7.40% |
| 2022 | -4.22% | -10.56% |
| 2021 | +14.41% | -10.11% |
| 2020 | +9.12% | +2.84% |
| 2019 | +20.80% | +6.12% |
| 2018 | -14.88% | -8.37% |
| 2017 | +19.55% | +13.07% |
| 2016 | +1.29% | +7.66% |
| 2015 | +8.29% | -11.28% |
| 2014 | +20.54% | -2.17% |
| 2013 | N/A | -6.86% |
| 2012 | N/A | +10.99% |
| 2011 | N/A | -2.15% |
HEWJ vs LEMB Drawdown Comparison
The maximum drawdown for HEWJ was -31.53%, occurring on Mar 16, 2020. Recovery took 192 trading sessions.
The maximum drawdown for LEMB was -30.82%, occurring on Oct 20, 2022. This drawdown has not yet recovered.
The current HEWJ drawdown is -3.87%. The current LEMB drawdown is -1.96%.
| Rank | HEWJ | LEMB |
|---|---|---|
| #1 | -31.53% Feb 6, 2020 - Nov 9, 2020 | -30.82% May 8, 2013 - Oct 20, 2022 |
| #2 | -29.57% Aug 10, 2015 - Oct 10, 2017 | -7.80% Mar 22, 2012 - Aug 3, 2012 |
| #3 | -21.57% Jan 23, 2018 - Feb 6, 2020 | -5.18% Oct 28, 2011 - Jan 24, 2012 |
| #4 | -20.90% Jul 10, 2024 - Jun 27, 2025 | -2.40% Oct 20, 2011 - Oct 28, 2011 |
| #5 | -16.03% Sep 13, 2021 - Nov 25, 2022 | -2.18% Feb 9, 2012 - Mar 22, 2012 |
| #6 | -11.19% Sep 26, 2014 - Oct 31, 2014 | -1.88% Aug 3, 2012 - Sep 7, 2012 |
| #7 | -10.37% Feb 25, 2026 - May 8, 2026 | -1.79% Feb 19, 2013 - Apr 24, 2013 |
| #8 | -8.93% Jun 1, 2015 - Aug 10, 2015 | -1.25% Oct 17, 2012 - Nov 29, 2012 |
| #9 | -8.77% Dec 5, 2014 - Feb 13, 2015 | -1.15% Jan 17, 2013 - Feb 5, 2013 |
| #10 | -8.12% Nov 25, 2022 - Mar 3, 2023 | -1.07% Oct 4, 2012 - Oct 16, 2012 |
| #11 | -7.89% Mar 6, 2014 - Jun 4, 2014 | -1.06% Sep 14, 2012 - Oct 4, 2012 |
| #12 | -7.45% Sep 19, 2023 - Nov 17, 2023 | -0.65% Jan 2, 2013 - Jan 10, 2013 |
| #13 | -7.23% Mar 8, 2023 - Apr 17, 2023 | -0.58% Nov 29, 2012 - Dec 4, 2012 |
| #14 | -6.97% Apr 5, 2021 - Sep 2, 2021 | -0.56% Sep 7, 2012 - Sep 13, 2012 |
| #15 | -6.88% Jun 22, 2026 - Aug 13, 2026 | -0.46% Dec 20, 2012 - Dec 27, 2012 |
Correlation
Correlation between HEWJ and LEMB is 0.10 which considered as a very weak or no correlation - the stocks move independently of each other.
Dividend Comparison (2011 - 2026)
HEWJ vs LEMB dividend yield comparison.
| Year | HEWJ | LEMB |
|---|---|---|
| 2026 | 0.54% | 0.00% |
| 2025 | 5.10% | 2.44% |
| 2024 | 2.20% | 0.00% |
| 2023 | 2.02% | 1.34% |
| 2022 | 47.68% | 0.86% |
| 2021 | 2.03% | 3.89% |
| 2020 | 1.20% | 0.00% |
| 2019 | 2.78% | 4.39% |
| 2018 | 1.37% | 3.46% |
| 2017 | 1.21% | 0.00% |
| 2016 | 1.88% | 0.00% |
| 2015 | 3.25% | 0.64% |
| 2014 | 2.15% | 2.85% |
| 2013 | 0.00% | 2.99% |
| 2012 | 0.00% | 3.44% |
| 2011 | 0.00% | 0.78% |
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