HSCZ vs. MSMLX
Compare and contrast key facts about iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) and Matthews Emerging Markets Small Companies Fund (MSMLX).
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. MSMLX is managed by Matthews Asia Funds. It was launched on Sep 14, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HSCZ or MSMLX.
Performance
HSCZ vs. MSMLX - Performance Comparison
Returns By Period
In the year-to-date period, HSCZ achieves a 10.52% return, which is significantly higher than MSMLX's -5.41% return.
HSCZ
10.52%
-2.28%
0.20%
17.03%
8.22%
N/A
MSMLX
-5.41%
-8.39%
-8.04%
-8.69%
6.82%
1.58%
Key characteristics
| HSCZ | MSMLX | |
|---|---|---|
| Sharpe Ratio | 1.38 | -0.56 |
| Sortino Ratio | 1.86 | -0.67 |
| Omega Ratio | 1.25 | 0.92 |
| Calmar Ratio | 1.63 | -0.32 |
| Martin Ratio | 7.99 | -1.90 |
| Ulcer Index | 2.00% | 4.60% |
| Daily Std Dev | 11.57% | 15.47% |
| Max Drawdown | -34.89% | -45.68% |
| Current Drawdown | -2.94% | -27.34% |
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HSCZ vs. MSMLX - Expense Ratio Comparison
HSCZ has a 0.43% expense ratio, which is lower than MSMLX's 1.37% expense ratio.
Correlation
The correlation between HSCZ and MSMLX is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
HSCZ vs. MSMLX - 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 Matthews Emerging Markets Small Companies Fund (MSMLX). 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. MSMLX - Dividend Comparison
HSCZ's dividend yield for the trailing twelve months is around 2.56%, more than MSMLX's 1.68% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
MSMLX Matthews Emerging Markets Small Companies Fund | 1.68% | 1.59% | 0.39% | 0.00% | 0.21% | 0.51% | 0.49% | 0.43% | 0.43% | 0.13% | 0.39% | 0.48% |
Drawdowns
HSCZ vs. MSMLX - Drawdown Comparison
The maximum HSCZ drawdown since its inception was -34.89%, smaller than the maximum MSMLX drawdown of -45.68%. Use the drawdown chart below to compare losses from any high point for HSCZ and MSMLX. For additional features, visit the drawdowns tool.
Volatility
HSCZ vs. MSMLX - Volatility Comparison
The current volatility for iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) is 2.65%, while Matthews Emerging Markets Small Companies Fund (MSMLX) has a volatility of 3.90%. This indicates that HSCZ experiences smaller price fluctuations and is considered to be less risky than MSMLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.