HEZU vs. EUSC

Last updated Jun 6, 2026

HEZU (iShares Currency Hedged MSCI Eurozone ETF) and EUSC (WisdomTree Europe Hedged SmallCap Equity Fund) are both Europe Equities funds - HEZU tracks the MSCI EMU 100% USD Hedged Index while EUSC tracks the WisdomTree Europe Hedged SmallCap Equity Index. Both are passively managed. HEZU charges 0.52%/yr vs 0.58%/yr for EUSC.

Performance

HEZU vs. EUSC - Performance Comparison

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

Returns By Period

HEZU

• 1D: -1.81%
• 1M: 0.51%
• YTD: 8.75%
• 6M: 10.10%
• 1Y: 18.64%
• 3Y*: 17.31%
• 5Y*: 12.27%
• 10Y*: 11.73%

EUSC

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

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

HEZU vs. EUSC - Yearly Performance Comparison

	2026 (YTD)
HEZU iShares Currency Hedged MSCI Eurozone ETF	-0.69%
EUSC WisdomTree Europe Hedged SmallCap Equity Fund	0.00%

HEZU vs. EUSC - Sectors Allocation Comparison

Sectors	HEZU	EUSC
Financial Services	24.4%	28.4%
Industrials	21.2%	20.1%
Technology	14.5%	4.4%
Consumer Cyclical	8.4%	9.1%
Utilities	6.8%	6.5%
Healthcare	5.8%	2.9%
Consumer Defensive	5.6%	4.1%
Energy	4.2%	3.7%
Basic Materials	4.1%	6.5%
Communication Services	4.1%	5.0%
Real Estate	1.0%	9.3%

Return for Risk

HEZU vs. EUSC — Risk / Return Rank

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

HEZU

HEZU Risk / Return Rank: 37
HEZU Sharpe Ratio Rank: 36
HEZU Sortino Ratio Rank: 36
HEZU Omega Ratio Rank: 36
HEZU Calmar Ratio Rank: 36
HEZU Martin Ratio Rank: 43

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.

HEZU vs. EUSC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Currency Hedged MSCI Eurozone ETF (HEZU) 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.

	HEZU	EUSC	Difference
Sharpe ratio: Return per unit of total volatility	1.24	—	—
Sortino ratio: Return per unit of downside risk	1.82	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	1.71	—	—
Martin ratio: Return relative to average drawdown	6.61	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	HEZU	EUSC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.24	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	—	—

Drawdowns

HEZU vs. EUSC - Drawdown Comparison

The maximum HEZU drawdown since its inception was -38.80%, which is greater than EUSC's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for HEZU and EUSC.

Drawdown Indicators

	HEZU	EUSC	Difference
Max Drawdown Largest peak-to-trough decline	-38.80%	0.00%	-38.80%
Max Drawdown (1Y) Largest decline over 1 year	-10.95%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.83%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.79%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.80%	—	—
Current Drawdown Current decline from peak	-1.81%	0.00%	-1.81%
Average Drawdown Average peak-to-trough decline	-5.83%	0.00%	-5.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	—	—

Volatility

Volatility by Period

	HEZU	EUSC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.86%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.56%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.10%	0.00%	+15.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.49%	0.00%	+16.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.43%	0.00%	+18.43%

HEZU vs. EUSC - Expense Ratio Comparison

HEZU has a 0.52% expense ratio, which is lower than EUSC's 0.58% expense ratio.

Dividends

HEZU vs. EUSC - Dividend Comparison

HEZU's dividend yield for the trailing twelve months is around 2.69%, 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%
HEZU iShares Currency Hedged MSCI Eurozone ETF	2.69%	2.92%	2.77%	2.52%	23.26%	2.25%	2.32%	5.40%	3.48%	1.92%	3.11%	2.68%

Frequently Asked Questions

Which ETF is better, HEZU or EUSC?

On fees, HEZU is cheaper at 0.52% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HEZU or EUSC?

HEZU is cheaper with a 0.52% expense ratio, compared with 0.58% for EUSC.

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

HEZU has the higher dividend yield at 2.69%, compared with 0.00% for EUSC.

What is the main difference between HEZU and EUSC?

HEZU tracks MSCI EMU 100% USD Hedged Index, while EUSC tracks WisdomTree Europe Hedged SmallCap Equity Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.52% for HEZU and 0.58% for EUSC.