HSCZ vs. DRIOX
Compare and contrast key facts about iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) and Driehaus International Small Cap Growth Fund (DRIOX).
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. DRIOX is managed by Driehaus. It was launched on Sep 16, 2007.
Performance
HSCZ vs. DRIOX - Performance Comparison
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HSCZ vs. DRIOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HSCZ iShares Currency Hedged MSCI EAFE Small Cap ETF | 1.96% | 25.74% | 12.89% | 17.03% | -11.46% | 17.75% | 6.40% | 27.89% | -13.99% | 24.52% |
DRIOX Driehaus International Small Cap Growth Fund | -5.42% | 28.93% | 3.15% | 11.96% | -24.37% | 12.44% | 29.84% | 30.41% | -17.03% | 41.53% |
Returns By Period
In the year-to-date period, HSCZ achieves a 1.96% return, which is significantly higher than DRIOX's -5.42% return. Over the past 10 years, HSCZ has outperformed DRIOX with an annualized return of 11.13%, while DRIOX has yielded a comparatively lower 8.60% annualized 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%
DRIOX
- 1D
- -0.73%
- 1M
- -14.47%
- YTD
- -5.42%
- 6M
- -4.72%
- 1Y
- 21.81%
- 3Y*
- 10.80%
- 5Y*
- 2.84%
- 10Y*
- 8.60%
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HSCZ vs. DRIOX - Expense Ratio Comparison
HSCZ has a 0.43% expense ratio, which is lower than DRIOX's 1.16% expense ratio.
Return for Risk
HSCZ vs. DRIOX — Risk / Return Rank
HSCZ
DRIOX
HSCZ vs. DRIOX - 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 Driehaus International Small Cap Growth Fund (DRIOX). 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 | DRIOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.92 | 1.17 | +0.75 |
Sortino ratioReturn per unit of downside risk | 2.62 | 1.62 | +1.00 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.22 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 2.61 | 1.29 | +1.32 |
Martin ratioReturn relative to average drawdown | 10.63 | 5.03 | +5.59 |
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 | DRIOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 1.17 | +0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.12 | +0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.42 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.34 | +0.29 |
Correlation
The correlation between HSCZ and DRIOX is 0.72, 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. DRIOX - Dividend Comparison
HSCZ's dividend yield for the trailing twelve months is around 3.19%, more than DRIOX's 1.13% 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% |
DRIOX Driehaus International Small Cap Growth Fund | 1.13% | 1.06% | 0.51% | 1.16% | 5.94% | 27.01% | 8.26% | 0.77% | 16.19% | 15.63% | 0.00% | 2.72% |
Drawdowns
HSCZ vs. DRIOX - Drawdown Comparison
The maximum HSCZ drawdown since its inception was -34.89%, smaller than the maximum DRIOX drawdown of -59.68%. Use the drawdown chart below to compare losses from any high point for HSCZ and DRIOX.
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Drawdown Indicators
| HSCZ | DRIOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.89% | -59.68% | +24.79% |
Max Drawdown (1Y)Largest decline over 1 year | -9.88% | -14.47% | +4.59% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | -47.73% | +27.62% |
Max Drawdown (10Y)Largest decline over 10 years | -34.89% | -47.73% | +12.84% |
Current DrawdownCurrent decline from peak | -6.61% | -14.47% | +7.86% |
Average DrawdownAverage peak-to-trough decline | -4.70% | -15.41% | +10.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 3.70% | -1.26% |
Volatility
HSCZ vs. DRIOX - Volatility Comparison
The current volatility for iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) is 5.41%, while Driehaus International Small Cap Growth Fund (DRIOX) has a volatility of 7.56%. This indicates that HSCZ experiences smaller price fluctuations and is considered to be less risky than DRIOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSCZ | DRIOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 7.56% | -2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 8.49% | 12.07% | -3.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.44% | 17.57% | -3.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.37% | 23.67% | -10.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.65% | 20.76% | -5.11% |