HSCZ vs. IBIT
Compare and contrast key facts about iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) and iShares Bitcoin Trust ETF (IBIT).
HSCZ and IBIT 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. IBIT is a passively managed fund by iShares that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 5, 2024. Both HSCZ and IBIT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
HSCZ vs. IBIT - Performance Comparison
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HSCZ vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HSCZ iShares Currency Hedged MSCI EAFE Small Cap ETF | 1.96% | 25.74% | 12.79% |
IBIT iShares Bitcoin Trust ETF | -22.62% | -6.41% | 99.21% |
Returns By Period
In the year-to-date period, HSCZ achieves a 1.96% return, which is significantly higher than IBIT's -22.62% 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%
IBIT
- 1D
- 1.96%
- 1M
- 3.31%
- YTD
- -22.62%
- 6M
- -40.89%
- 1Y
- -17.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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HSCZ vs. IBIT - Expense Ratio Comparison
HSCZ has a 0.43% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Return for Risk
HSCZ vs. IBIT — Risk / Return Rank
HSCZ
IBIT
HSCZ vs. IBIT - 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 iShares Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.92 | -0.40 | +2.31 |
Sortino ratioReturn per unit of downside risk | 2.62 | -0.29 | +2.91 |
Omega ratioGain probability vs. loss probability | 1.41 | 0.97 | +0.45 |
Calmar ratioReturn relative to maximum drawdown | 2.61 | -0.39 | +3.00 |
Martin ratioReturn relative to average drawdown | 10.63 | -0.83 | +11.46 |
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 | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | -0.40 | +2.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.35 | +0.27 |
Correlation
The correlation between HSCZ and IBIT is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
HSCZ vs. IBIT - Dividend Comparison
HSCZ's dividend yield for the trailing twelve months is around 3.19%, while IBIT has not paid dividends to shareholders.
| 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% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HSCZ vs. IBIT - Drawdown Comparison
The maximum HSCZ drawdown since its inception was -34.89%, smaller than the maximum IBIT drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for HSCZ and IBIT.
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Drawdown Indicators
| HSCZ | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.89% | -49.36% | +14.47% |
Max Drawdown (1Y)Largest decline over 1 year | -9.88% | -49.36% | +39.48% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.89% | — | — |
Current DrawdownCurrent decline from peak | -6.61% | -46.11% | +39.50% |
Average DrawdownAverage peak-to-trough decline | -4.70% | -14.13% | +9.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 23.09% | -20.65% |
Volatility
HSCZ vs. IBIT - Volatility Comparison
The current volatility for iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) is 5.41%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 12.99%. This indicates that HSCZ experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSCZ | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 12.99% | -7.58% |
Volatility (6M)Calculated over the trailing 6-month period | 8.49% | 36.75% | -28.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.44% | 45.42% | -30.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.37% | 51.26% | -37.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.65% | 51.26% | -35.61% |