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:
1.28
^GSPC:
2.06
HSCZ:
1.74
^GSPC:
2.74
HSCZ:
1.24
^GSPC:
1.38
HSCZ:
1.51
^GSPC:
3.13
HSCZ:
7.02
^GSPC:
12.84
HSCZ:
2.11%
^GSPC:
2.07%
HSCZ:
11.54%
^GSPC:
12.87%
HSCZ:
-34.89%
^GSPC:
-56.78%
HSCZ:
-0.80%
^GSPC:
-1.54%
Returns By Period
In the year-to-date period, HSCZ achieves a 0.25% return, which is significantly lower than ^GSPC's 1.96% return.
HSCZ
0.25%
2.05%
0.90%
14.07%
7.77%
N/A
^GSPC
1.96%
1.11%
7.77%
23.90%
12.59%
11.36%
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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 2.82%, while S&P 500 (^GSPC) has a volatility of 5.07%. 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.