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HSCZ vs. SNEX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HSCZ vs. SNEX

Last updated Jun 14, 2026

HSCZ (iShares Currency Hedged MSCI EAFE Small Cap ETF) is Foreign Small & Mid Cap Equities fund tracking the MSCI EAFE Small-Cap 100% Hedged to USD Index, while SNEX (StoneX Group Inc.) is a stock. Over the past 10 years, HSCZ returned 12.35%/yr vs 32.52%/yr for SNEX. At a 0.40 correlation, their price movements are largely independent.

Performance

HSCZ vs. SNEX - 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 StoneX Group Inc. (SNEX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HSCZ achieves a 10.99% return, which is significantly lower than SNEX's 106.07% return. Over the past 10 years, HSCZ has underperformed SNEX with an annualized return of 12.35%, while SNEX has yielded a comparatively higher 32.52% annualized return.

HSCZ

1D
0.71%
1M
0.48%
YTD
10.99%
6M
13.18%
1Y
29.11%
3Y*
18.32%
5Y*
10.94%
10Y*
12.35%

SNEX

1D
0.73%
1M
18.58%
YTD
106.07%
6M
101.21%
1Y
132.71%
3Y*
70.28%
5Y*
45.86%
10Y*
32.52%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HSCZ vs. SNEX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HSCZ
iShares Currency Hedged MSCI EAFE Small Cap ETF		10.99%25.74%12.89%17.03%-11.46%17.75%6.40%27.89%-13.99%24.52%
SNEX
StoneX Group Inc.		106.07%45.65%32.70%16.21%55.59%5.79%18.57%33.49%-13.99%7.40%

Correlation

The correlation between HSCZ and SNEX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.40

Correlation (3Y)
Calculated over the trailing 3-year period

0.42

Correlation (5Y)
Calculated over the trailing 5-year period

0.43

Correlation (10Y)
Calculated over the trailing 10-year period

0.41

Correlation (All Time)
Calculated using the full available price history since Jul 14, 2015

0.40

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Currency Hedged MSCI EAFE Small Cap ETF

StoneX Group Inc.

Often compared with HSCZ:
HSCZ vs. HEFAHSCZ vs. MSMLXHSCZ vs. ISVLHSCZ vs. EWUSHSCZ vs. HEWJHSCZ vs. HEZUHSCZ vs. DEMSX
Often compared with SNEX:
SNEX vs. QQQSNEX vs. MAINSNEX vs. CCAPSNEX vs. FASTSNEX vs. ^GSPCSNEX vs. CSWCSNEX vs. GAIN

Return for Risk

HSCZ vs. SNEX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HSCZ
HSCZ Risk / Return Rank: 8080
Overall Rank
HSCZ Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
HSCZ Sortino Ratio Rank: 8787
Sortino Ratio Rank
HSCZ Omega Ratio Rank: 8585
Omega Ratio Rank
HSCZ Calmar Ratio Rank: 6767
Calmar Ratio Rank
HSCZ Martin Ratio Rank: 7575
Martin Ratio Rank
SNEX
SNEX Risk / Return Rank: 9494
Overall Rank
SNEX Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
SNEX Sortino Ratio Rank: 9292
Sortino Ratio Rank
SNEX Omega Ratio Rank: 9393
Omega Ratio Rank
SNEX Calmar Ratio Rank: 9595
Calmar Ratio Rank
SNEX Martin Ratio Rank: 9494
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HSCZ vs. SNEX - 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 StoneX Group Inc. (SNEX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

HSCZSNEXDifference
Sharpe ratioReturn per unit of total volatility
2.45
3.09

-0.64

Sortino ratioReturn per unit of downside risk
3.44
3.26

+0.17

Omega ratioGain probability vs. loss probability

1.45

1.48

-0.03

Calmar ratioReturn relative to maximum drawdown

2.95

6.26

-3.31

Martin ratioReturn relative to average drawdown

12.57

16.05

-3.48

HSCZ vs. SNEX - Sharpe Ratio Comparison

The current HSCZ Sharpe Ratio is 2.45, which is comparable to the SNEX Sharpe Ratio of 3.09. The chart below compares the historical Sharpe Ratios of HSCZ and SNEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

HSCZ vs. SNEX - Drawdown Comparison

The maximum HSCZ drawdown since its inception was -34.89%, smaller than the maximum SNEX drawdown of -97.89%. Use the drawdown chart below to compare losses from any high point for HSCZ and SNEX.

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Drawdown Indicators

HSCZSNEXDifference

Max Drawdown

Largest peak-to-trough decline

-34.89%

-97.89%

+63.00%

Max Drawdown (1Y)

Largest decline over 1 year

-9.61%

-20.91%

+11.30%

Max Drawdown (3Y)

Largest decline over 3 years

-12.81%

-20.91%

+8.10%

Max Drawdown (5Y)

Largest decline over 5 years

-20.11%

-24.07%

+3.96%

Max Drawdown (10Y)

Largest decline over 10 years

-34.89%

-48.65%

+13.76%

Current Drawdown

Current decline from peak

-0.60%

0.00%

-0.60%

Average Drawdown

Average peak-to-trough decline

-4.64%

-42.89%

+38.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.25%

8.15%

-5.90%

Volatility

HSCZ vs. SNEX - Volatility Comparison

The current volatility for iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) is 4.08%, while StoneX Group Inc. (SNEX) has a volatility of 12.49%. This indicates that HSCZ experiences smaller price fluctuations and is considered to be less risky than SNEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HSCZSNEXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.08%

12.49%

-8.41%

Volatility (6M)

Calculated over the trailing 6-month period

9.68%

30.78%

-21.10%

Volatility (1Y)

Calculated over the trailing 1-year period

11.60%

42.37%

-30.77%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.52%

35.13%

-21.61%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.68%

36.47%

-20.79%

Dividends

HSCZ vs. SNEX - Dividend Comparison

HSCZ's dividend yield for the trailing twelve months is around 2.93%, while SNEX has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
HSCZ
iShares Currency Hedged MSCI EAFE Small Cap ETF		2.93%3.25%3.26%2.98%26.91%2.90%1.46%4.66%6.15%2.52%2.57%1.75%
SNEX
StoneX Group Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

HSCZ and SNEX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SNEX has higher volatility (12.49%) compared to HSCZ (4.08%). In terms of maximum drawdown, HSCZ dropped -34.89% vs SNEX's -97.89%.

SNEX currently has the higher Sharpe Ratio (3.09 vs 2.45), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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