HSCZ vs. GICIX
Compare and contrast key facts about iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) and Goldman Sachs International Small Cap Insights Fund (GICIX).
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. GICIX is managed by Goldman Sachs. It was launched on Sep 27, 2007.
Performance
HSCZ vs. GICIX - Performance Comparison
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HSCZ vs. GICIX - 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% |
GICIX Goldman Sachs International Small Cap Insights Fund | -0.43% | 42.83% | 5.57% | 15.11% | -18.53% | 13.03% | 7.69% | 21.59% | -18.80% | 33.05% |
Returns By Period
In the year-to-date period, HSCZ achieves a 1.96% return, which is significantly higher than GICIX's -0.43% return. Over the past 10 years, HSCZ has outperformed GICIX with an annualized return of 11.13%, while GICIX has yielded a comparatively lower 8.87% 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%
GICIX
- 1D
- -0.56%
- 1M
- -13.39%
- YTD
- -0.43%
- 6M
- 4.53%
- 1Y
- 33.09%
- 3Y*
- 17.47%
- 5Y*
- 8.24%
- 10Y*
- 8.87%
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HSCZ vs. GICIX - Expense Ratio Comparison
HSCZ has a 0.43% expense ratio, which is lower than GICIX's 0.87% expense ratio.
Return for Risk
HSCZ vs. GICIX — Risk / Return Rank
HSCZ
GICIX
HSCZ vs. GICIX - 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 Goldman Sachs International Small Cap Insights Fund (GICIX). 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 | GICIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.92 | 1.99 | -0.08 |
Sortino ratioReturn per unit of downside risk | 2.62 | 2.50 | +0.13 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.38 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.61 | 2.30 | +0.31 |
Martin ratioReturn relative to average drawdown | 10.63 | 9.49 | +1.14 |
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 | GICIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 1.99 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.51 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.53 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.37 | +0.26 |
Correlation
The correlation between HSCZ and GICIX is 0.76, 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. GICIX - Dividend Comparison
HSCZ's dividend yield for the trailing twelve months is around 3.19%, less than GICIX's 8.12% 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% |
GICIX Goldman Sachs International Small Cap Insights Fund | 8.12% | 8.08% | 4.77% | 3.04% | 3.10% | 3.39% | 1.87% | 3.47% | 1.68% | 8.29% | 2.79% | 1.69% |
Drawdowns
HSCZ vs. GICIX - Drawdown Comparison
The maximum HSCZ drawdown since its inception was -34.89%, smaller than the maximum GICIX drawdown of -56.71%. Use the drawdown chart below to compare losses from any high point for HSCZ and GICIX.
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Drawdown Indicators
| HSCZ | GICIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.89% | -56.71% | +21.82% |
Max Drawdown (1Y)Largest decline over 1 year | -9.88% | -13.39% | +3.51% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | -34.53% | +14.42% |
Max Drawdown (10Y)Largest decline over 10 years | -34.89% | -43.84% | +8.95% |
Current DrawdownCurrent decline from peak | -6.61% | -13.39% | +6.78% |
Average DrawdownAverage peak-to-trough decline | -4.70% | -11.00% | +6.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 3.25% | -0.81% |
Volatility
HSCZ vs. GICIX - Volatility Comparison
The current volatility for iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) is 5.41%, while Goldman Sachs International Small Cap Insights Fund (GICIX) has a volatility of 6.79%. This indicates that HSCZ experiences smaller price fluctuations and is considered to be less risky than GICIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSCZ | GICIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 6.79% | -1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 8.49% | 11.14% | -2.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.44% | 16.11% | -1.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.37% | 16.31% | -2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.65% | 16.65% | -1.00% |