HEZU vs. HSCZ
Compare and contrast key facts about iShares Currency Hedged MSCI Eurozone ETF (HEZU) and iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ).
HEZU and HSCZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HEZU is a passively managed fund by iShares that tracks the performance of the MSCI EMU 100% USD Hedged Index. It was launched on Jul 9, 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 HEZU 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: HEZU or HSCZ.
Key characteristics
| HEZU | HSCZ | |
|---|---|---|
| YTD Return | 9.44% | 10.62% |
| 1Y Return | 19.26% | 18.23% |
| 3Y Return (Ann) | 6.33% | 4.01% |
| 5Y Return (Ann) | 9.08% | 8.43% |
| Sharpe Ratio | 1.60 | 1.66 |
| Sortino Ratio | 2.21 | 2.23 |
| Omega Ratio | 1.28 | 1.31 |
| Calmar Ratio | 2.01 | 1.97 |
| Martin Ratio | 7.37 | 9.89 |
| Ulcer Index | 2.63% | 1.96% |
| Daily Std Dev | 12.11% | 11.69% |
| Max Drawdown | -38.80% | -34.89% |
| Current Drawdown | -3.75% | -2.85% |
Correlation
The correlation between HEZU and HSCZ is 0.79, 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
HEZU vs. HSCZ - Performance Comparison
In the year-to-date period, HEZU achieves a 9.44% return, which is significantly lower than HSCZ's 10.62% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HEZU vs. HSCZ - Expense Ratio Comparison
HEZU has a 0.52% expense ratio, which is higher than HSCZ's 0.43% expense ratio.
Risk-Adjusted Performance
HEZU vs. HSCZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Currency Hedged MSCI Eurozone ETF (HEZU) 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
HEZU vs. HSCZ - Dividend Comparison
HEZU's dividend yield for the trailing twelve months is around 2.81%, more than HSCZ's 2.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
HEZU iShares Currency Hedged MSCI Eurozone ETF | 2.81% | 2.52% | 23.26% | 2.25% | 2.32% | 5.40% | 3.48% | 1.92% | 3.11% | 2.68% | 1.15% |
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
HEZU vs. HSCZ - Drawdown Comparison
The maximum HEZU drawdown since its inception was -38.80%, which is greater than HSCZ's maximum drawdown of -34.89%. Use the drawdown chart below to compare losses from any high point for HEZU and HSCZ. For additional features, visit the drawdowns tool.
Volatility
HEZU vs. HSCZ - Volatility Comparison
iShares Currency Hedged MSCI Eurozone ETF (HEZU) has a higher volatility of 3.64% compared to iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) at 2.32%. This indicates that HEZU'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.