HEWJ vs. HSCZ
Compare and contrast key facts about iShares Currency Hedged MSCI Japan ETF (HEWJ) and iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ).
HEWJ and HSCZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HEWJ is a passively managed fund by iShares that tracks the performance of the MSCI Japan 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 HEWJ 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: HEWJ or HSCZ.
Performance
HEWJ vs. HSCZ - Performance Comparison
Returns By Period
In the year-to-date period, HEWJ achieves a 20.77% return, which is significantly higher than HSCZ's 10.62% return.
HEWJ
20.77%
1.58%
1.06%
19.30%
14.63%
10.05%
HSCZ
10.62%
-0.94%
1.39%
15.84%
8.27%
N/A
Key characteristics
| HEWJ | HSCZ | |
|---|---|---|
| Sharpe Ratio | 1.06 | 1.46 |
| Sortino Ratio | 1.43 | 1.95 |
| Omega Ratio | 1.21 | 1.27 |
| Calmar Ratio | 1.01 | 1.70 |
| Martin Ratio | 3.29 | 8.22 |
| Ulcer Index | 6.38% | 2.03% |
| Daily Std Dev | 19.90% | 11.48% |
| Max Drawdown | -31.53% | -34.89% |
| Current Drawdown | -8.08% | -2.85% |
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HEWJ vs. HSCZ - Expense Ratio Comparison
HEWJ has a 0.49% expense ratio, which is higher than HSCZ's 0.43% expense ratio.
Correlation
The correlation between HEWJ and HSCZ is 0.74, 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.
Risk-Adjusted Performance
HEWJ vs. HSCZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Currency Hedged MSCI Japan ETF (HEWJ) 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
HEWJ vs. HSCZ - Dividend Comparison
HEWJ's dividend yield for the trailing twelve months is around 1.93%, less than HSCZ's 2.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
HEWJ iShares Currency Hedged MSCI Japan ETF | 1.93% | 2.03% | 47.67% | 2.03% | 1.20% | 2.78% | 1.37% | 1.21% | 1.88% | 3.25% | 2.15% |
HSCZ iShares Currency Hedged MSCI EAFE Small Cap ETF | 2.56% | 2.98% | 26.91% | 2.90% | 1.46% | 4.51% | 6.15% | 2.52% | 2.57% | 1.75% | 0.00% |
Drawdowns
HEWJ vs. HSCZ - Drawdown Comparison
The maximum HEWJ drawdown since its inception was -31.53%, smaller than the maximum HSCZ drawdown of -34.89%. Use the drawdown chart below to compare losses from any high point for HEWJ and HSCZ. For additional features, visit the drawdowns tool.
Volatility
HEWJ vs. HSCZ - Volatility Comparison
iShares Currency Hedged MSCI Japan ETF (HEWJ) has a higher volatility of 4.63% compared to iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) at 2.38%. This indicates that HEWJ'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.