- ISIN
- US4642882736
- CUSIP
- 464288273
- Issuer
- iShares
- Inception Date
- Dec 10, 2007
- Region
- Developed Markets (EAFE)
- Category
- Foreign Small & Mid Cap Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI EAFE Small Cap Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $15B
Share Price Chart
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Performance
SCZ Performance Chart
iShares MSCI EAFE Small-Cap ETF (SCZ) is up 9.5% since the beginning of the year. SCZ is currently trading at $84 per share. Investors who bought $1,000 worth of SCZ shares 5 years ago would now be looking at an investment worth $1,316.
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Returns By Period
iShares MSCI EAFE Small-Cap ETF (SCZ) has returned 9.50% so far this year and 24.34% over the past 12 months. Over the last ten years, SCZ has returned 8.92% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
iShares MSCI EAFE Small-Cap ETF
- 1D
- 0.16%
- 1M
- -0.31%
- YTD
- 9.50%
- 6M
- 9.97%
- 1Y
- 24.34%
- 3Y*
- 16.72%
- 5Y*
- 5.65%
- 10Y*
- 8.92%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
SCZ Monthly Returns History
Based on dividend-adjusted daily data since Dec 12, 2007, SCZ's average daily return is +0.03%, while the average monthly return is +0.60%. At this rate, an investment would double in approximately 9.7 years.
Historically, 59% of months were positive and 41% were negative. The best month was May 2009 with a return of +15.9%, while the worst month was Oct 2008 at -23.8%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 6 months.
On a daily basis, SCZ closed higher 53% of trading days. The best single day was Oct 28, 2008 with a return of +14.0%, while the worst single day was Mar 12, 2020 at -11.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.47% | 4.83% | -8.53% | 6.61% | 3.47% | -1.84% | 9.50% | ||||||
| 2025 | 2.98% | 0.51% | 1.03% | 4.67% | 6.21% | 4.46% | -0.37% | 4.36% | 1.52% | -0.66% | 1.65% | 2.03% | 32.08% |
| 2024 | -2.57% | 1.56% | 3.40% | -3.41% | 5.49% | -3.11% | 5.11% | 1.87% | 2.58% | -6.26% | 0.82% | -3.17% | 1.52% |
| 2023 | 8.25% | -3.14% | 0.49% | 2.23% | -4.36% | 3.07% | 3.93% | -3.46% | -4.58% | -4.71% | 8.83% | 7.15% | 12.98% |
| 2022 | -6.09% | -2.96% | -0.41% | -6.99% | 0.47% | -10.28% | 6.63% | -5.89% | -10.95% | 4.43% | 11.90% | -0.91% | -21.27% |
| 2021 | -0.38% | 3.10% | 2.34% | 3.79% | 2.11% | -1.68% | 1.73% | 2.81% | -4.06% | 2.47% | -5.68% | 3.68% | 10.12% |
Benchmark Metrics
iShares MSCI EAFE Small-Cap ETF has an annualized alpha of -1.74%, beta of 0.87, and R2 of 0.69 versus S&P 500 Index. Calculated based on daily prices since December 12, 2007.
- This ETF participated in 106.52% of S&P 500 Index downside but only 91.29% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.87 and R2 of 0.69, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -1.74%
- Beta
- 0.87
- R²
- 0.69
- Upside Capture
- 91.29%
- Downside Capture
- 106.52%
Expense Ratio
SCZ has an expense ratio of 0.40%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SCZ ranks 48 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares MSCI EAFE Small-Cap ETF (SCZ) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SCZ | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.37 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 2.78 | -0.65 |
| Martin ratioReturn relative to average drawdown | 8.07 | 12.44 | -4.37 |
Dividends
Dividend History
iShares MSCI EAFE Small-Cap ETF provided a 3.19% dividend yield over the last twelve months, with an annual payout of $2.67 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.67 | $2.56 | $2.13 | $1.83 | $1.13 | $2.16 | $1.04 | $2.19 | $1.45 | $1.54 | $1.41 | $1.03 |
Dividend yield | 3.19% | 3.30% | 3.50% | 2.96% | 1.99% | 2.96% | 1.52% | 3.52% | 2.79% | 2.38% | 2.82% | 2.06% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares MSCI EAFE Small-Cap ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.17 | $1.17 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.06 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.50 | $2.56 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.90 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.23 | $2.13 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.83 | $1.83 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.13 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.13 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.71 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.45 | $2.16 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares MSCI EAFE Small-Cap ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares MSCI EAFE Small-Cap ETF was 61.86%, occurring on Mar 9, 2009. Recovery took 1030 trading sessions.
The current iShares MSCI EAFE Small-Cap ETF drawdown is 1.84%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -61.86%Mar 2009 | 1y 2mo | 4y 1mo | 5y 4moDec 2007 - Apr 2013 |
COVID crash2020 | -41.07%Mar 2020 | 2y 1mo | 8mo 5d | 2y 9moJan 2018 - Nov 2020 |
Bear market2022 | -36.87%Oct 2022 | 1y 1mo | 2y 7mo | 3y 8moSep 2021 - Jun 2025 |
2016 correction2016 | -17.42%Feb 2016 | 8mo 29d | 6mo 28d | 1y 3moMay 2015 - Sep 2016 |
2014 correction2014 | -16.12%Oct 2014 | 3mo 11d | 6mo 29d | 10mo 10dJul 2014 - May 2015 |
Drawdown Indicators
| SCZ | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.86% | -56.78% | -5.08% |
Max Drawdown (1Y)Largest decline over 1 year | -11.43% | -9.10% | -2.33% |
Max Drawdown (3Y)Largest decline over 3 years | -15.06% | -18.90% | +3.84% |
Max Drawdown (5Y)Largest decline over 5 years | -36.87% | -25.43% | -11.44% |
Max Drawdown (10Y)Largest decline over 10 years | -41.07% | -33.92% | -7.15% |
Current DrawdownCurrent decline from peak | -1.84% | -1.80% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -13.03% | -10.71% | -2.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 2.03% | +0.99% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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