HEMV

iShares Edge MSCI Min Vol EM Currency Hedged ETF
N/A

N/A
*Unless otherwise stated, data provided by FactSet.

HEMV Fund Description

The iShares Edge MSCI Min Vol EM Currency Hedged ETF tracks an index of emerging markets firms selected and weighted to create a low volatility portfolio subject to constraints including sector exposure. The fund hedges against currency fluctuations for USD investors.

HEMV Factset Analytics Insight

This fund is closing. The last day of trading will be August 15, 2018. HEMV combines 2 popular investing themes—low volatility and currency hedging—into 1 emerging markets ETF. The fund uses an optimizer that weighs stock correlations (not just volatility), as well as sector constraints, among others, to minimize the volatility of the portfolio as a whole. This exact approach is used by sister ETF EEMV, which has avoided wild sector and country bets while delivering lower beta to the EM space. The fund's MSCI index counts South Korea as an emerging market, while FTSE-based ETFs don’t.HEMV literally holds EEMV in its portfolio, as well as forwards for the currency hedge. This arrangement may help liquidity since market makers have a liquid ETF for their arbitrage. However, the fund-of-fund structure distorts tracking data since EEMV trades while stocks in the index don’t, creating a wedge between NAV and index returns. HEMV started trading in November 2015 and charges a competitive fee. Note that hedging EM currencies isn’t cheap as it is for yen and euro.

HEMV CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 07/12/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
HEMV -3.68% -4.95% -1.32% 9.33% -- -- --
HEMV (NAV) -2.10% -2.68% 0.73% 7.78% -- -- --
MSCI Emerging Markets Investable Market Index -6.09% -8.68% -7.00% 6.85% 6.60% 4.83% 2.91%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

HEMV Top 10 Countries

HEMV Top 10 Sectors

HEMV Top 10 Holdings

HEMV Summary Data

BlackRock
iShares
10/29/15
Open-Ended Fund
0.28%
$5.32M
$204.09K
1.63%

HEMV Portfolio Data

$52.65B
16.16
2.03
3.14%
12/04/18
2

HEMV Index Data

Multi-Factor
Multi-Factor
MSCI Emerging Markets Investable Market Index

HEMV Portfolio Management

0.28%
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HEMV Tax Exposures

20.00% / 39.60%
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Qualified dividends
No

HEMV Fund Structure

Open-Ended Fund
Yes
No
80% / 20%
N/A
N/A
High
Daily
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

HEMV Factset Analytics Block Liquidity

As of 07/13/18
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of HEMV. HEMV is rated a 1 out of 5.

HEMV Tradability

5,432
$204.09K
95
$8.92K
1.63%
$0.45
0.65%
4.96% / -2.63%
None
100.00%
50,000
0.00
0.04%
9.59%
--
$26.85
1

HEMV Sector/Industry Breakdown


HEMV
Segment Benchmark
25.17%
24.69%
21.69%
28.25%
11.53%
6.54%
9.47%
3.86%
7.43%
3.49%
6.23%
2.58%
6.20%
8.09%
5.40%
6.25%
4.00%
6.99%
1.67%
7.52%

HEMV TOP 10 HOLDINGS

99.97%
0.03%
100%

HEMV Countries


HEMV
Segment Benchmark
21.92%
22.72%
15.45%
12.28%
9.64%
15.52%
8.10%
9.12%
7.45%
2.41%
6.86%
2.44%
4.91%
2.02%
4.84%
7.99%
3.51%
1.14%
2.94%
0.95%

HEMV Regions


HEMV
Segment Benchmark
82.33%
75.59%
6.85%
10.15%
5.50%
7.94%
3.19%
5.65%
2.14%
0.66%

HEMV Economic Development


HEMV
Segment Benchmark
50.46%
51.70%
49.54%
48.30%

HEMV Performance Statistics

0.33
0.46
0.54
0.33
0.59%
MSCI Emerging Markets Investable Market Index

HEMV BENCHMARK COMPARISON HOLDINGS

2
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HEMV BENCHMARK COMPARISON SUMMARY


HEMV
Segment Benchmark
2
--
$52.65B
--
16.16
--
2.03
--
2.75%
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HEMV BENCHMARK COMPARISON MARKET CAP SIZE


HEMV
Segment Benchmark
--
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--
--
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