EZU vs. EUSC

Last updated Jun 24, 2026

EZU (iShares MSCI Eurozone ETF) and EUSC (WisdomTree Europe Hedged SmallCap Equity Fund) are both Europe Equities funds - EZU tracks the MSCI EMU while EUSC tracks the WisdomTree Europe Hedged SmallCap Equity Index. Both are passively managed. At a correlation of -0.16, they often move in opposite directions. EZU charges 0.51%/yr vs 0.58%/yr for EUSC.

Performance

EZU vs. EUSC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Eurozone ETF (EZU) and WisdomTree Europe Hedged SmallCap Equity Fund (EUSC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EZU

• 1D: -1.96%
• 1M: 1.76%
• YTD: 7.97%
• 6M: 7.97%
• 1Y: 21.16%
• 3Y*: 18.56%
• 5Y*: 9.40%
• 10Y*: 11.09%

EUSC

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EZU vs. EUSC - Yearly Performance Comparison

	2026 (YTD)
EZU iShares MSCI Eurozone ETF	0.32%
EUSC WisdomTree Europe Hedged SmallCap Equity Fund	0.18%

Correlation

The correlation between EZU and EUSC is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	-0.16

EZU vs. EUSC - Sectors Allocation Comparison

Sectors	EZU	EUSC
Financial Services	23.8%	28.4%
Industrials	20.0%	20.1%
Technology	17.0%	4.4%
Consumer Cyclical	7.8%	9.1%
Utilities	6.3%	6.5%
Healthcare	5.7%	2.9%
Consumer Defensive	5.6%	4.1%
Communication Services	5.0%	5.0%
Basic Materials	3.9%	6.5%
Energy	3.8%	3.7%
Real Estate	0.7%	9.3%

Return for Risk

EZU vs. EUSC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EZU

EZU Risk / Return Rank: 36
EZU Sharpe Ratio Rank: 36
EZU Sortino Ratio Rank: 35
EZU Omega Ratio Rank: 34
EZU Calmar Ratio Rank: 34
EZU Martin Ratio Rank: 39

EUSC

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EZU vs. EUSC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Eurozone ETF (EZU) and WisdomTree Europe Hedged SmallCap Equity Fund (EUSC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	EZU	EUSC	Difference
Sharpe ratio: Return per unit of total volatility	1.21	—	—
Sortino ratio: Return per unit of downside risk	1.79	—	—
Omega ratio: Gain probability vs. loss probability	1.22	—	—
Calmar ratio: Return relative to maximum drawdown	1.63	—	—
Martin ratio: Return relative to average drawdown	5.90	—	—

Drawdowns

EZU vs. EUSC - Drawdown Comparison

The maximum EZU drawdown since its inception was -65.32%, which is greater than EUSC's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for EZU and EUSC.

Drawdown Indicators

	EZU	EUSC	Difference
Max Drawdown Largest peak-to-trough decline	-65.32%	0.00%	-65.32%
Max Drawdown (1Y) Largest decline over 1 year	-13.06%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.02%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-36.11%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.37%	—	—
Current Drawdown Current decline from peak	-1.96%	0.00%	-1.96%
Average Drawdown Average peak-to-trough decline	-19.20%	0.00%	-19.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.60%	—	—

Volatility

Volatility by Period

	EZU	EUSC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.94%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.96%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.52%	1.10%	+16.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.96%	1.10%	+18.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.14%	1.10%	+19.04%

EZU vs. EUSC - Expense Ratio Comparison

EZU has a 0.51% expense ratio, which is lower than EUSC's 0.58% expense ratio.

Dividends

EZU vs. EUSC - Dividend Comparison

EZU's dividend yield for the trailing twelve months is around 2.71%, while EUSC has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EUSC WisdomTree Europe Hedged SmallCap Equity Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EZU iShares MSCI Eurozone ETF	2.71%	2.85%	2.90%	2.56%	2.79%	2.46%	2.13%	2.84%	3.47%	1.91%	3.07%	2.18%

Frequently Asked Questions

Can I hold both EZU and EUSC in my portfolio?

EZU and EUSC have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EZU or EUSC?

On fees, EZU is cheaper at 0.51% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EZU or EUSC?

EZU is cheaper with a 0.51% expense ratio, compared with 0.58% for EUSC.

Which ETF pays a higher dividend yield, EZU or EUSC?

EZU has the higher dividend yield at 2.71%, compared with 0.00% for EUSC.

What is the main difference between EZU and EUSC?

EZU tracks MSCI EMU, while EUSC tracks WisdomTree Europe Hedged SmallCap Equity Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.51% for EZU and 0.58% for EUSC.