HSCZ vs. ^GSPC
Compare and contrast key facts about iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) and S&P 500 (^GSPC).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HSCZ or ^GSPC.
Correlation
The correlation between HSCZ and ^GSPC is 0.71, 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
HSCZ vs. ^GSPC - Performance Comparison
Key characteristics
HSCZ:
0.25
^GSPC:
0.25
HSCZ:
0.41
^GSPC:
0.41
HSCZ:
1.05
^GSPC:
1.06
HSCZ:
0.32
^GSPC:
0.30
HSCZ:
1.40
^GSPC:
1.15
HSCZ:
2.23%
^GSPC:
3.18%
HSCZ:
12.62%
^GSPC:
14.78%
HSCZ:
-34.89%
^GSPC:
-56.78%
HSCZ:
-6.52%
^GSPC:
-12.17%
Returns By Period
In the year-to-date period, HSCZ achieves a -2.87% return, which is significantly higher than ^GSPC's -8.25% return.
HSCZ
-2.87%
-3.36%
-2.16%
2.78%
14.78%
N/A
^GSPC
-8.25%
-6.60%
-5.32%
3.55%
16.80%
10.02%
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Risk-Adjusted Performance
HSCZ vs. ^GSPC — Risk-Adjusted Performance Rank
HSCZ
^GSPC
HSCZ vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) and S&P 500 (^GSPC). 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.
Drawdowns
HSCZ vs. ^GSPC - Drawdown Comparison
The maximum HSCZ drawdown since its inception was -34.89%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for HSCZ and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
HSCZ vs. ^GSPC - Volatility Comparison
The current volatility for iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) is 5.37%, while S&P 500 (^GSPC) has a volatility of 7.38%. This indicates that HSCZ experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.