HSCZ vs. ISVL
Compare and contrast key facts about iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) and iShares International Developed Small Cap Value Factor ETF (ISVL).
HSCZ and ISVL 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. ISVL is a passively managed fund by iShares that tracks the performance of the FTSE Developed ex US ex Korea Small Cap Focused Value Index. It was launched on Mar 23, 2021. Both HSCZ and ISVL 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 ISVL.
Performance
HSCZ vs. ISVL - Performance Comparison
Returns By Period
In the year-to-date period, HSCZ achieves a 10.52% return, which is significantly higher than ISVL's 5.19% return.
HSCZ
10.52%
-2.28%
0.20%
17.03%
8.22%
N/A
ISVL
5.19%
-5.21%
-1.75%
16.34%
N/A
N/A
Key characteristics
| HSCZ | ISVL | |
|---|---|---|
| Sharpe Ratio | 1.38 | 1.13 |
| Sortino Ratio | 1.86 | 1.59 |
| Omega Ratio | 1.25 | 1.20 |
| Calmar Ratio | 1.63 | 1.41 |
| Martin Ratio | 7.99 | 5.93 |
| Ulcer Index | 2.00% | 2.62% |
| Daily Std Dev | 11.57% | 13.76% |
| Max Drawdown | -34.89% | -30.48% |
| Current Drawdown | -2.94% | -7.76% |
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HSCZ vs. ISVL - Expense Ratio Comparison
HSCZ has a 0.43% expense ratio, which is higher than ISVL's 0.30% expense ratio.
Correlation
The correlation between HSCZ and ISVL is 0.87, 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.
Risk-Adjusted Performance
HSCZ vs. ISVL - 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 International Developed Small Cap Value Factor ETF (ISVL). 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. ISVL - Dividend Comparison
HSCZ's dividend yield for the trailing twelve months is around 2.56%, less than ISVL's 3.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
HSCZ iShares Currency Hedged MSCI EAFE Small Cap ETF | 2.56% | 2.98% | 26.91% | 2.90% | 1.46% | 4.51% | 6.15% | 2.52% | 2.57% | 1.75% |
ISVL iShares International Developed Small Cap Value Factor ETF | 3.55% | 3.82% | 3.37% | 2.82% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HSCZ vs. ISVL - Drawdown Comparison
The maximum HSCZ drawdown since its inception was -34.89%, which is greater than ISVL's maximum drawdown of -30.48%. Use the drawdown chart below to compare losses from any high point for HSCZ and ISVL. For additional features, visit the drawdowns tool.
Volatility
HSCZ vs. ISVL - Volatility Comparison
The current volatility for iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) is 2.65%, while iShares International Developed Small Cap Value Factor ETF (ISVL) has a volatility of 3.52%. This indicates that HSCZ experiences smaller price fluctuations and is considered to be less risky than ISVL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.