HSCZ vs. FSCOX
Compare and contrast key facts about iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) and Fidelity International Small Cap Opportunities Fund (FSCOX).
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. FSCOX is managed by Fidelity. It was launched on Aug 2, 2005.
Performance
HSCZ vs. FSCOX - Performance Comparison
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HSCZ vs. FSCOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HSCZ iShares Currency Hedged MSCI EAFE Small Cap ETF | 3.75% | 25.74% | 12.89% | 17.03% | -11.46% | 17.75% | 6.40% | 27.89% | -13.99% | 24.52% |
FSCOX Fidelity International Small Cap Opportunities Fund | -2.25% | 25.05% | 4.08% | 16.99% | -28.93% | 17.66% | 19.61% | 29.07% | -14.13% | 34.70% |
Returns By Period
In the year-to-date period, HSCZ achieves a 3.75% return, which is significantly higher than FSCOX's -2.25% return. Over the past 10 years, HSCZ has outperformed FSCOX with an annualized return of 11.32%, while FSCOX has yielded a comparatively lower 8.30% annualized return.
HSCZ
- 1D
- 1.75%
- 1M
- -3.90%
- YTD
- 3.75%
- 6M
- 9.45%
- 1Y
- 29.76%
- 3Y*
- 17.57%
- 5Y*
- 10.22%
- 10Y*
- 11.32%
FSCOX
- 1D
- 2.75%
- 1M
- -6.94%
- YTD
- -2.25%
- 6M
- -0.61%
- 1Y
- 18.49%
- 3Y*
- 11.42%
- 5Y*
- 4.21%
- 10Y*
- 8.30%
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HSCZ vs. FSCOX - Expense Ratio Comparison
HSCZ has a 0.43% expense ratio, which is lower than FSCOX's 1.23% expense ratio.
Return for Risk
HSCZ vs. FSCOX — Risk / Return Rank
HSCZ
FSCOX
HSCZ vs. FSCOX - 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 Fidelity International Small Cap Opportunities Fund (FSCOX). 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 | FSCOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.07 | 1.29 | +0.77 |
Sortino ratioReturn per unit of downside risk | 2.81 | 1.82 | +1.00 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.25 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 3.00 | 1.59 | +1.41 |
Martin ratioReturn relative to average drawdown | 12.08 | 5.50 | +6.58 |
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 | FSCOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.07 | 1.29 | +0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.25 | +0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.52 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.35 | +0.28 |
Correlation
The correlation between HSCZ and FSCOX is 0.73, 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. FSCOX - Dividend Comparison
HSCZ's dividend yield for the trailing twelve months is around 3.14%, less than FSCOX's 12.33% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HSCZ iShares Currency Hedged MSCI EAFE Small Cap ETF | 3.14% | 3.25% | 3.26% | 2.98% | 26.91% | 2.90% | 1.46% | 4.66% | 6.15% | 2.52% | 2.57% | 1.75% |
FSCOX Fidelity International Small Cap Opportunities Fund | 12.33% | 12.05% | 6.41% | 3.73% | 6.40% | 8.83% | 0.00% | 1.09% | 2.99% | 1.31% | 1.43% | 0.47% |
Drawdowns
HSCZ vs. FSCOX - Drawdown Comparison
The maximum HSCZ drawdown since its inception was -34.89%, smaller than the maximum FSCOX drawdown of -72.65%. Use the drawdown chart below to compare losses from any high point for HSCZ and FSCOX.
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Drawdown Indicators
| HSCZ | FSCOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.89% | -72.65% | +37.76% |
Max Drawdown (1Y)Largest decline over 1 year | -9.80% | -11.02% | +1.22% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | -40.75% | +20.64% |
Max Drawdown (10Y)Largest decline over 10 years | -34.89% | -40.75% | +5.86% |
Current DrawdownCurrent decline from peak | -4.98% | -8.58% | +3.60% |
Average DrawdownAverage peak-to-trough decline | -4.70% | -18.64% | +13.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 3.19% | -0.73% |
Volatility
HSCZ vs. FSCOX - Volatility Comparison
The current volatility for iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) is 5.32%, while Fidelity International Small Cap Opportunities Fund (FSCOX) has a volatility of 6.61%. This indicates that HSCZ experiences smaller price fluctuations and is considered to be less risky than FSCOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSCZ | FSCOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.32% | 6.61% | -1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 8.66% | 9.98% | -1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.48% | 15.11% | -0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.38% | 16.65% | -3.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.65% | 15.99% | -0.34% |