FSCOX vs. HSCZ
Compare and contrast key facts about Fidelity International Small Cap Opportunities Fund (FSCOX) and iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ).
FSCOX is managed by Fidelity. It was launched on Aug 2, 2005. HSCZ is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Small-Cap 100% Hedged to USD Index. It was launched on Jun 29, 2015.
Performance
FSCOX vs. HSCZ - Performance Comparison
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FSCOX vs. HSCZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSCOX Fidelity International Small Cap Opportunities Fund | -4.86% | 25.05% | 4.08% | 16.99% | -28.93% | 17.66% | 19.61% | 29.07% | -14.13% | 34.70% |
HSCZ iShares Currency Hedged MSCI EAFE Small Cap ETF | 1.96% | 25.74% | 12.89% | 17.03% | -11.46% | 17.75% | 6.40% | 27.89% | -13.99% | 24.52% |
Returns By Period
In the year-to-date period, FSCOX achieves a -4.86% return, which is significantly lower than HSCZ's 1.96% return. Over the past 10 years, FSCOX has underperformed HSCZ with an annualized return of 8.01%, while HSCZ has yielded a comparatively higher 11.13% annualized return.
FSCOX
- 1D
- -0.24%
- 1M
- -11.02%
- YTD
- -4.86%
- 6M
- -3.43%
- 1Y
- 16.13%
- 3Y*
- 10.42%
- 5Y*
- 4.00%
- 10Y*
- 8.01%
HSCZ
- 1D
- 2.14%
- 1M
- -6.61%
- YTD
- 1.96%
- 6M
- 7.54%
- 1Y
- 27.45%
- 3Y*
- 16.89%
- 5Y*
- 9.84%
- 10Y*
- 11.13%
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FSCOX vs. HSCZ - Expense Ratio Comparison
FSCOX has a 1.23% expense ratio, which is higher than HSCZ's 0.43% expense ratio.
Return for Risk
FSCOX vs. HSCZ — Risk / Return Rank
FSCOX
HSCZ
FSCOX vs. HSCZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Small Cap Opportunities Fund (FSCOX) and iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ). 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.
| FSCOX | HSCZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 1.92 | -0.94 |
Sortino ratioReturn per unit of downside risk | 1.39 | 2.62 | -1.23 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.41 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 1.20 | 2.61 | -1.42 |
Martin ratioReturn relative to average drawdown | 4.16 | 10.63 | -6.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FSCOX | HSCZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 1.92 | -0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.74 | -0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.71 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.62 | -0.28 |
Correlation
The correlation between FSCOX and HSCZ is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FSCOX vs. HSCZ - Dividend Comparison
FSCOX's dividend yield for the trailing twelve months is around 12.67%, more than HSCZ's 3.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSCOX Fidelity International Small Cap Opportunities Fund | 12.67% | 12.05% | 6.41% | 3.73% | 6.40% | 8.83% | 0.00% | 1.09% | 2.99% | 1.31% | 1.43% | 0.47% |
HSCZ iShares Currency Hedged MSCI EAFE Small Cap ETF | 3.19% | 3.25% | 3.26% | 2.98% | 26.91% | 2.90% | 1.46% | 4.66% | 6.15% | 2.52% | 2.57% | 1.75% |
Drawdowns
FSCOX vs. HSCZ - Drawdown Comparison
The maximum FSCOX drawdown since its inception was -72.65%, which is greater than HSCZ's maximum drawdown of -34.89%. Use the drawdown chart below to compare losses from any high point for FSCOX and HSCZ.
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Drawdown Indicators
| FSCOX | HSCZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.65% | -34.89% | -37.76% |
Max Drawdown (1Y)Largest decline over 1 year | -11.02% | -9.88% | -1.14% |
Max Drawdown (5Y)Largest decline over 5 years | -40.75% | -20.11% | -20.64% |
Max Drawdown (10Y)Largest decline over 10 years | -40.75% | -34.89% | -5.86% |
Current DrawdownCurrent decline from peak | -11.02% | -6.61% | -4.41% |
Average DrawdownAverage peak-to-trough decline | -18.65% | -4.70% | -13.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 2.44% | +0.73% |
Volatility
FSCOX vs. HSCZ - Volatility Comparison
Fidelity International Small Cap Opportunities Fund (FSCOX) has a higher volatility of 5.92% compared to iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) at 5.41%. This indicates that FSCOX's price experiences larger fluctuations and is considered to be riskier than HSCZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSCOX | HSCZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.92% | 5.41% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 9.60% | 8.49% | +1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.90% | 14.44% | +0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.60% | 13.37% | +3.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.96% | 15.65% | +0.31% |