HSCZ vs. TIVFX
Compare and contrast key facts about iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) and American Beacon Tocqueville International Value Fund (TIVFX).
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. TIVFX is managed by American Beacon. It was launched on Aug 1, 1994.
Performance
HSCZ vs. TIVFX - Performance Comparison
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HSCZ vs. TIVFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HSCZ iShares Currency Hedged MSCI EAFE Small Cap ETF | 1.96% | 25.74% | 12.89% | 17.03% | -11.46% | 17.75% | 6.40% | 27.89% | -13.99% | 24.52% |
TIVFX American Beacon Tocqueville International Value Fund | 10.36% | 36.15% | 3.73% | 15.43% | -20.57% | 7.53% | 12.61% | 19.38% | -19.87% | 24.18% |
Returns By Period
In the year-to-date period, HSCZ achieves a 1.96% return, which is significantly lower than TIVFX's 10.36% return. Over the past 10 years, HSCZ has outperformed TIVFX with an annualized return of 11.13%, while TIVFX has yielded a comparatively lower 7.91% annualized 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%
TIVFX
- 1D
- -0.23%
- 1M
- -11.69%
- YTD
- 10.36%
- 6M
- 14.86%
- 1Y
- 58.24%
- 3Y*
- 18.41%
- 5Y*
- 8.01%
- 10Y*
- 7.91%
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HSCZ vs. TIVFX - Expense Ratio Comparison
HSCZ has a 0.43% expense ratio, which is lower than TIVFX's 1.20% expense ratio.
Return for Risk
HSCZ vs. TIVFX — Risk / Return Rank
HSCZ
TIVFX
HSCZ vs. TIVFX - 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 American Beacon Tocqueville International Value Fund (TIVFX). 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 | TIVFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.92 | 2.87 | -0.95 |
Sortino ratioReturn per unit of downside risk | 2.62 | 3.32 | -0.69 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.51 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.61 | 4.00 | -1.39 |
Martin ratioReturn relative to average drawdown | 10.63 | 16.63 | -6.01 |
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 | TIVFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 2.87 | -0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.44 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.46 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.37 | +0.26 |
Correlation
The correlation between HSCZ and TIVFX is 0.71, 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.
Dividends
HSCZ vs. TIVFX - Dividend Comparison
HSCZ's dividend yield for the trailing twelve months is around 3.19%, less than TIVFX's 7.99% yield.
| 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% |
TIVFX American Beacon Tocqueville International Value Fund | 7.99% | 8.82% | 10.23% | 1.66% | 1.39% | 3.65% | 0.34% | 1.69% | 1.37% | 1.28% | 1.57% | 3.01% |
Drawdowns
HSCZ vs. TIVFX - Drawdown Comparison
The maximum HSCZ drawdown since its inception was -34.89%, smaller than the maximum TIVFX drawdown of -54.21%. Use the drawdown chart below to compare losses from any high point for HSCZ and TIVFX.
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Drawdown Indicators
| HSCZ | TIVFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.89% | -54.21% | +19.32% |
Max Drawdown (1Y)Largest decline over 1 year | -9.88% | -13.21% | +3.33% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | -36.31% | +16.20% |
Max Drawdown (10Y)Largest decline over 10 years | -34.89% | -41.51% | +6.62% |
Current DrawdownCurrent decline from peak | -6.61% | -11.69% | +5.08% |
Average DrawdownAverage peak-to-trough decline | -4.70% | -13.45% | +8.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 3.22% | -0.78% |
Volatility
HSCZ vs. TIVFX - Volatility Comparison
The current volatility for iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) is 5.41%, while American Beacon Tocqueville International Value Fund (TIVFX) has a volatility of 7.61%. This indicates that HSCZ experiences smaller price fluctuations and is considered to be less risky than TIVFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSCZ | TIVFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 7.61% | -2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 8.49% | 14.01% | -5.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.44% | 19.67% | -5.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.37% | 18.20% | -4.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.65% | 17.39% | -1.74% |