HSCZ vs. DISV
Compare and contrast key facts about iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) and Dimensional International Small Cap Value ETF (DISV).
HSCZ and DISV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. DISV is an actively managed fund by Dimensional. It was launched on Mar 23, 2022.
Performance
HSCZ vs. DISV - Performance Comparison
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HSCZ vs. DISV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HSCZ iShares Currency Hedged MSCI EAFE Small Cap ETF | 1.96% | 25.74% | 12.89% | 17.03% | -5.60% |
DISV Dimensional International Small Cap Value ETF | 3.83% | 47.42% | 5.87% | 19.52% | -9.72% |
Returns By Period
In the year-to-date period, HSCZ achieves a 1.96% return, which is significantly lower than DISV's 3.83% return.
HSCZ
- 1D
- 2.14%
- 1M
- -6.61%
- YTD
- 1.96%
- 6M
- 7.54%
- 1Y
- 27.45%
- 3Y*
- 16.89%
- 5Y*
- 9.84%
- 10Y*
- 11.13%
DISV
- 1D
- 3.14%
- 1M
- -8.65%
- YTD
- 3.83%
- 6M
- 11.28%
- 1Y
- 39.51%
- 3Y*
- 21.72%
- 5Y*
- —
- 10Y*
- —
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HSCZ vs. DISV - Expense Ratio Comparison
HSCZ has a 0.43% expense ratio, which is higher than DISV's 0.42% expense ratio.
Return for Risk
HSCZ vs. DISV — Risk / Return Rank
HSCZ
DISV
HSCZ vs. DISV - 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 Dimensional International Small Cap Value ETF (DISV). 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.
| HSCZ | DISV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.92 | 2.29 | -0.38 |
Sortino ratioReturn per unit of downside risk | 2.62 | 2.97 | -0.34 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.47 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.61 | 2.97 | -0.36 |
Martin ratioReturn relative to average drawdown | 10.63 | 12.04 | -1.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HSCZ | DISV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 2.29 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.86 | -0.24 |
Correlation
The correlation between HSCZ and DISV is 0.82, 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.
Dividends
HSCZ vs. DISV - Dividend Comparison
HSCZ's dividend yield for the trailing twelve months is around 3.19%, more than DISV's 2.55% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HSCZ iShares Currency Hedged MSCI EAFE Small Cap ETF | 3.19% | 3.25% | 3.26% | 2.98% | 26.91% | 2.90% | 1.46% | 4.66% | 6.15% | 2.52% | 2.57% | 1.75% |
DISV Dimensional International Small Cap Value ETF | 2.55% | 2.69% | 2.77% | 2.73% | 1.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HSCZ vs. DISV - Drawdown Comparison
The maximum HSCZ drawdown since its inception was -34.89%, which is greater than DISV's maximum drawdown of -26.77%. Use the drawdown chart below to compare losses from any high point for HSCZ and DISV.
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Drawdown Indicators
| HSCZ | DISV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.89% | -26.77% | -8.12% |
Max Drawdown (1Y)Largest decline over 1 year | -9.88% | -12.69% | +2.81% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.89% | — | — |
Current DrawdownCurrent decline from peak | -6.61% | -8.65% | +2.04% |
Average DrawdownAverage peak-to-trough decline | -4.70% | -4.95% | +0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 3.13% | -0.69% |
Volatility
HSCZ vs. DISV - Volatility Comparison
The current volatility for iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) is 5.41%, while Dimensional International Small Cap Value ETF (DISV) has a volatility of 7.19%. This indicates that HSCZ experiences smaller price fluctuations and is considered to be less risky than DISV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSCZ | DISV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 7.19% | -1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 8.49% | 11.05% | -2.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.44% | 17.38% | -2.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.37% | 17.41% | -4.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.65% | 17.41% | -1.76% |