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HSCZ vs. HEFA
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between HSCZ and HEFA is 0.71, 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.


Performance

HSCZ vs. HEFA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) and iShares Currency Hedged MSCI EAFE ETF (HEFA). The values are adjusted to include any dividend payments, if applicable.

90.00%95.00%100.00%105.00%110.00%115.00%120.00%125.00%December2025FebruaryMarchAprilMay
122.04%
118.35%
HSCZ
HEFA

Key characteristics

Sharpe Ratio

HSCZ:

0.56

HEFA:

0.53

Sortino Ratio

HSCZ:

0.86

HEFA:

0.83

Omega Ratio

HSCZ:

1.12

HEFA:

1.12

Calmar Ratio

HSCZ:

0.68

HEFA:

0.62

Martin Ratio

HSCZ:

2.96

HEFA:

2.70

Ulcer Index

HSCZ:

2.96%

HEFA:

3.29%

Daily Std Dev

HSCZ:

15.67%

HEFA:

16.64%

Max Drawdown

HSCZ:

-34.89%

HEFA:

-32.39%

Current Drawdown

HSCZ:

-0.54%

HEFA:

-2.16%

Returns By Period

In the year-to-date period, HSCZ achieves a 3.34% return, which is significantly lower than HEFA's 5.47% return.


HSCZ

YTD

3.34%

1M

13.87%

6M

4.58%

1Y

7.42%

5Y*

12.86%

10Y*

N/A

HEFA

YTD

5.47%

1M

13.12%

6M

5.69%

1Y

7.51%

5Y*

14.72%

10Y*

8.09%

*Annualized

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HSCZ vs. HEFA - Expense Ratio Comparison

HSCZ has a 0.43% expense ratio, which is higher than HEFA's 0.35% expense ratio.


Risk-Adjusted Performance

HSCZ vs. HEFA — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HSCZ
The Risk-Adjusted Performance Rank of HSCZ is 6464
Overall Rank
The Sharpe Ratio Rank of HSCZ is 5959
Sharpe Ratio Rank
The Sortino Ratio Rank of HSCZ is 5757
Sortino Ratio Rank
The Omega Ratio Rank of HSCZ is 5959
Omega Ratio Rank
The Calmar Ratio Rank of HSCZ is 7171
Calmar Ratio Rank
The Martin Ratio Rank of HSCZ is 7272
Martin Ratio Rank

HEFA
The Risk-Adjusted Performance Rank of HEFA is 6161
Overall Rank
The Sharpe Ratio Rank of HEFA is 5757
Sharpe Ratio Rank
The Sortino Ratio Rank of HEFA is 5555
Sortino Ratio Rank
The Omega Ratio Rank of HEFA is 5656
Omega Ratio Rank
The Calmar Ratio Rank of HEFA is 6767
Calmar Ratio Rank
The Martin Ratio Rank of HEFA is 6868
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

HSCZ vs. HEFA - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) and iShares Currency Hedged MSCI EAFE ETF (HEFA). 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.


The current HSCZ Sharpe Ratio is 0.56, which is comparable to the HEFA Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of HSCZ and HEFA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00December2025FebruaryMarchAprilMay
0.56
0.53
HSCZ
HEFA

Dividends

HSCZ vs. HEFA - Dividend Comparison

HSCZ's dividend yield for the trailing twelve months is around 3.15%, more than HEFA's 2.93% yield.


TTM20242023202220212020201920182017201620152014
HSCZ
iShares Currency Hedged MSCI EAFE Small Cap ETF
3.15%3.26%2.98%26.91%2.90%1.46%4.51%6.15%2.52%2.57%1.75%0.00%
HEFA
iShares Currency Hedged MSCI EAFE ETF
2.93%3.09%3.01%25.14%3.06%2.10%5.37%4.58%2.55%3.17%3.54%3.39%

Drawdowns

HSCZ vs. HEFA - Drawdown Comparison

The maximum HSCZ drawdown since its inception was -34.89%, which is greater than HEFA's maximum drawdown of -32.39%. Use the drawdown chart below to compare losses from any high point for HSCZ and HEFA. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-0.54%
-2.16%
HSCZ
HEFA

Volatility

HSCZ vs. HEFA - Volatility Comparison

The current volatility for iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) is 7.56%, while iShares Currency Hedged MSCI EAFE ETF (HEFA) has a volatility of 9.37%. This indicates that HSCZ experiences smaller price fluctuations and is considered to be less risky than HEFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%December2025FebruaryMarchAprilMay
7.56%
9.37%
HSCZ
HEFA