HSCZ vs. HEZU
Compare and contrast key facts about iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) and iShares Currency Hedged MSCI Eurozone ETF (HEZU).
HSCZ and HEZU 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. HEZU is a passively managed fund by iShares that tracks the performance of the MSCI EMU 100% USD Hedged Index. It was launched on Jul 9, 2014. Both HSCZ and HEZU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HSCZ or HEZU.
Key characteristics
| HSCZ | HEZU | |
|---|---|---|
| YTD Return | 6.14% | 7.24% |
| 1Y Return | 15.10% | 15.36% |
| 3Y Return (Ann) | 5.19% | 9.55% |
| 5Y Return (Ann) | 8.49% | 10.03% |
| Sharpe Ratio | 1.29 | 1.19 |
| Daily Std Dev | 10.62% | 11.37% |
| Max Drawdown | -34.89% | -38.80% |
| Current Drawdown | -1.46% | -3.38% |
Correlation
The correlation between HSCZ and HEZU is 0.79, 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. HEZU - Performance Comparison
In the year-to-date period, HSCZ achieves a 6.14% return, which is significantly lower than HEZU's 7.24% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HSCZ vs. HEZU - Expense Ratio Comparison
HSCZ has a 0.43% expense ratio, which is lower than HEZU's 0.52% expense ratio.
Risk-Adjusted Performance
HSCZ vs. HEZU - 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 Eurozone ETF (HEZU). 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.
Dividends
HSCZ vs. HEZU - Dividend Comparison
HSCZ's dividend yield for the trailing twelve months is around 2.81%, more than HEZU's 2.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
HSCZ iShares Currency Hedged MSCI EAFE Small Cap ETF | 2.81% | 2.98% | 26.91% | 2.90% | 1.46% | 4.51% | 6.15% | 2.52% | 2.57% | 1.75% | 0.00% |
HEZU iShares Currency Hedged MSCI Eurozone ETF | 2.35% | 2.52% | 23.26% | 2.25% | 2.32% | 5.40% | 3.48% | 1.92% | 3.11% | 2.68% | 1.15% |
Drawdowns
HSCZ vs. HEZU - Drawdown Comparison
The maximum HSCZ drawdown since its inception was -34.89%, smaller than the maximum HEZU drawdown of -38.80%. Use the drawdown chart below to compare losses from any high point for HSCZ and HEZU. For additional features, visit the drawdowns tool.
Volatility
HSCZ vs. HEZU - Volatility Comparison
The current volatility for iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) is 2.93%, while iShares Currency Hedged MSCI Eurozone ETF (HEZU) has a volatility of 3.23%. This indicates that HSCZ experiences smaller price fluctuations and is considered to be less risky than HEZU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.