HSCZ vs. ADI
HSCZ (iShares Currency Hedged MSCI EAFE Small Cap ETF) is Foreign Small & Mid Cap Equities fund tracking the MSCI EAFE Small-Cap 100% Hedged to USD Index, while ADI (Analog Devices, Inc.) is a stock. Over the past 10 years, HSCZ returned 12.35%/yr vs 24.34%/yr for ADI. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
HSCZ vs. ADI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HSCZ achieves a 10.99% return, which is significantly lower than ADI's 54.96% return. Over the past 10 years, HSCZ has underperformed ADI with an annualized return of 12.35%, while ADI has yielded a comparatively higher 24.34% annualized return.
HSCZ
- 1D
- 0.71%
- 1M
- 0.48%
- YTD
- 10.99%
- 6M
- 13.18%
- 1Y
- 29.11%
- 3Y*
- 18.32%
- 5Y*
- 10.94%
- 10Y*
- 12.35%
ADI
- 1D
- 1.37%
- 1M
- 0.35%
- YTD
- 54.96%
- 6M
- 50.45%
- 1Y
- 88.15%
- 3Y*
- 31.61%
- 5Y*
- 22.09%
- 10Y*
- 24.34%
HSCZ vs. ADI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HSCZ iShares Currency Hedged MSCI EAFE Small Cap ETF | 10.99% | 25.74% | 12.89% | 17.03% | -11.46% | 17.75% | 6.40% | 27.89% | -13.99% | 24.52% |
ADI Analog Devices, Inc. | 54.96% | 29.75% | 8.82% | 23.36% | -4.91% | 20.96% | 26.87% | 41.31% | -1.64% | 25.30% |
Correlation
The correlation between HSCZ and ADI is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2015 | 0.53 |
The correlation between HSCZ and ADI shifts across timeframes, from 0.47 (1 year) to 0.57 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HSCZ vs. ADI — Risk / Return Rank
HSCZ
ADI
HSCZ vs. ADI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) and Analog Devices, Inc. (ADI). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HSCZ | ADI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.42 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | 5.27 | -2.31 |
| Martin ratioReturn relative to average drawdown | 12.57 | 14.52 | -1.95 |
Loading charts...
Drawdowns
HSCZ vs. ADI - Drawdown Comparison
The maximum HSCZ drawdown since its inception was -34.89%, smaller than the maximum ADI drawdown of -82.88%. Use the drawdown chart below to compare losses from any high point for HSCZ and ADI.
Loading charts...
Drawdown Indicators
| HSCZ | ADI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.89% | -82.88% | +47.99% |
Max Drawdown (1Y)Largest decline over 1 year | -9.61% | -15.73% | +6.12% |
Max Drawdown (3Y)Largest decline over 3 years | -12.81% | -32.20% | +19.39% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | -32.20% | +12.09% |
Max Drawdown (10Y)Largest decline over 10 years | -34.89% | -33.62% | -1.27% |
Current DrawdownCurrent decline from peak | -0.60% | -4.54% | +3.94% |
Average DrawdownAverage peak-to-trough decline | -4.64% | -33.91% | +29.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 5.70% | -3.45% |
Volatility
HSCZ vs. ADI - Volatility Comparison
The current volatility for iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) is 4.08%, while Analog Devices, Inc. (ADI) has a volatility of 14.81%. This indicates that HSCZ experiences smaller price fluctuations and is considered to be less risky than ADI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HSCZ | ADI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.08% | 14.81% | -10.73% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 25.30% | -15.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.60% | 32.01% | -20.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.52% | 33.13% | -19.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.68% | 32.78% | -17.10% |
Dividends
HSCZ vs. ADI - Dividend Comparison
HSCZ's dividend yield for the trailing twelve months is around 2.93%, more than ADI's 1.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADI Analog Devices, Inc. | 1.00% | 1.46% | 1.73% | 1.73% | 1.85% | 1.57% | 1.68% | 1.82% | 2.24% | 2.02% | 2.31% | 2.89% |
HSCZ iShares Currency Hedged MSCI EAFE Small Cap ETF | 2.93% | 3.25% | 3.26% | 2.98% | 26.91% | 2.90% | 1.46% | 4.66% | 6.15% | 2.52% | 2.57% | 1.75% |
Frequently Asked Questions
HSCZ and ADI have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ADI has higher volatility (14.81%) compared to HSCZ (4.08%). In terms of maximum drawdown, HSCZ dropped -34.89% vs ADI's -82.88%.
ADI currently has the higher Sharpe Ratio (2.59 vs 2.45), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for HSCZ and ADI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer