HEFA vs. HSCZ
Compare and contrast key facts about iShares Currency Hedged MSCI EAFE ETF (HEFA) and iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ).
HEFA and HSCZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HEFA is a passively managed fund by iShares that tracks the performance of the MSCI EAFE 100% Hedged to USD Index. It was launched on Jan 31, 2014. 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. Both HEFA and HSCZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HEFA or HSCZ.
Key characteristics
| HEFA | HSCZ | |
|---|---|---|
| YTD Return | 10.16% | 7.26% |
| 1Y Return | 20.14% | 16.98% |
| 3Y Return (Ann) | 11.41% | 5.74% |
| 5Y Return (Ann) | 10.62% | 8.70% |
| Sharpe Ratio | 2.04 | 1.61 |
| Daily Std Dev | 9.72% | 10.54% |
| Max Drawdown | -32.39% | -34.89% |
| Current Drawdown | -0.54% | -0.41% |
Correlation
The correlation between HEFA and HSCZ is 0.83, 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.
Performance
HEFA vs. HSCZ - Performance Comparison
In the year-to-date period, HEFA achieves a 10.16% return, which is significantly higher than HSCZ's 7.26% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
HEFA vs. HSCZ - Expense Ratio Comparison
HEFA has a 0.35% expense ratio, which is lower than HSCZ's 0.43% expense ratio.
Risk-Adjusted Performance
HEFA vs. HSCZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Currency Hedged MSCI EAFE ETF (HEFA) 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.
Dividends
HEFA vs. HSCZ - Dividend Comparison
HEFA's dividend yield for the trailing twelve months is around 2.74%, less than HSCZ's 2.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
HEFA iShares Currency Hedged MSCI EAFE ETF | 2.74% | 3.02% | 25.14% | 3.06% | 2.10% | 5.37% | 4.59% | 2.55% | 3.17% | 3.54% | 3.39% |
HSCZ iShares Currency Hedged MSCI EAFE Small Cap ETF | 2.78% | 2.98% | 26.91% | 2.90% | 1.46% | 4.51% | 6.15% | 2.52% | 2.57% | 1.75% | 0.00% |
Drawdowns
HEFA vs. HSCZ - Drawdown Comparison
The maximum HEFA drawdown since its inception was -32.39%, smaller than the maximum HSCZ drawdown of -34.89%. Use the drawdown chart below to compare losses from any high point for HEFA and HSCZ. For additional features, visit the drawdowns tool.
Volatility
HEFA vs. HSCZ - Volatility Comparison
The current volatility for iShares Currency Hedged MSCI EAFE ETF (HEFA) is 2.76%, while iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) has a volatility of 2.93%. This indicates that HEFA experiences smaller price fluctuations and is considered to be less risky than HSCZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.