HSCZ vs. VIISX
HSCZ (iShares Currency Hedged MSCI EAFE Small Cap ETF) and VIISX (Virtus KAR International Small-Mid Cap Fund) are both Foreign Small & Mid Cap Equities funds. Over the past 10 years, HSCZ returned 11.98%/yr vs 8.22%/yr for VIISX. A 0.64 correlation means they provide meaningful diversification when combined. HSCZ charges 0.43%/yr vs 1.19%/yr for VIISX.
Performance
HSCZ vs. VIISX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HSCZ achieves a 10.91% return, which is significantly higher than VIISX's 2.87% return. Over the past 10 years, HSCZ has outperformed VIISX with an annualized return of 11.98%, while VIISX has yielded a comparatively lower 8.22% annualized return.
HSCZ
- 1D
- -0.82%
- 1M
- -0.07%
- 6M
- 6.51%
- YTD
- 10.91%
- 1Y
- 23.97%
- 3Y*
- 18.66%
- 5Y*
- 10.93%
- 10Y*
- 11.98%
VIISX
- 1D
- 0.19%
- 1M
- 1.78%
- 6M
- 1.39%
- YTD
- 2.87%
- 1Y
- -2.70%
- 3Y*
- 9.70%
- 5Y*
- -0.70%
- 10Y*
- 8.22%
HSCZ vs. VIISX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HSCZ iShares Currency Hedged MSCI EAFE Small Cap ETF | 10.91% | 25.74% | 12.89% | 17.03% | -11.46% | 17.75% | 6.40% | 27.89% | -13.99% | 24.52% |
VIISX Virtus KAR International Small-Mid Cap Fund | 2.87% | 14.30% | 4.06% | 22.36% | -34.42% | 5.84% | 24.38% | 27.62% | -6.81% | 28.48% |
Correlation
The correlation between HSCZ and VIISX is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2015 | 0.64 |
The correlation between HSCZ and VIISX has been stable across timeframes, ranging from 0.64 to 0.74 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HSCZ vs. VIISX — Risk / Return Rank
HSCZ
VIISX
HSCZ vs. VIISX - 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 Virtus KAR International Small-Mid Cap Fund (VIISX). 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.
| HSCZ | VIISX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.30 | ||
| Sortino ratioReturn per unit of downside risk | +3.17 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 0.97 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | -0.22 | +2.73 |
| Martin ratioReturn relative to average drawdown | 10.57 | -0.49 | +11.06 |
Loading charts...
Drawdowns
HSCZ vs. VIISX - Drawdown Comparison
The maximum HSCZ drawdown since its inception was -34.89%, smaller than the maximum VIISX drawdown of -50.31%. Use the drawdown chart below to compare losses from any high point for HSCZ and VIISX.
Loading charts...
Drawdown Indicators
| HSCZ | VIISX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.89% | -50.31% | +15.42% |
Max Drawdown (1Y)Largest decline over 1 year | -9.61% | -14.64% | +5.03% |
Max Drawdown (3Y)Largest decline over 3 years | -12.81% | -15.58% | +2.77% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | -50.31% | +30.20% |
Max Drawdown (10Y)Largest decline over 10 years | -34.89% | -50.31% | +15.42% |
Current DrawdownCurrent decline from peak | -2.14% | -9.43% | +7.29% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -11.26% | +6.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 6.64% | -4.37% |
Volatility
HSCZ vs. VIISX - Volatility Comparison
The current volatility for iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) is 3.75%, while Virtus KAR International Small-Mid Cap Fund (VIISX) has a volatility of 4.09%. This indicates that HSCZ experiences smaller price fluctuations and is considered to be less risky than VIISX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HSCZ | VIISX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.75% | 4.09% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 10.01% | 10.92% | -0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.81% | 12.96% | -1.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.52% | 16.29% | -2.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.33% | 15.37% | -0.04% |
HSCZ vs. VIISX - Expense Ratio Comparison
HSCZ has a 0.43% expense ratio, which is lower than VIISX's 1.19% expense ratio.
Dividends
HSCZ vs. VIISX - Dividend Comparison
HSCZ's dividend yield for the trailing twelve months is around 3.14%, less than VIISX's 3.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HSCZ iShares Currency Hedged MSCI EAFE Small Cap ETF | 3.14% | 3.25% | 3.26% | 2.98% | 26.91% | 2.90% | 1.46% | 4.66% | 6.15% | 2.52% | 2.57% | 1.75% |
VIISX Virtus KAR International Small-Mid Cap Fund | 3.61% | 3.72% | 1.94% | 0.00% | 0.00% | 8.43% | 1.16% | 1.98% | 1.42% | 1.82% | 2.75% | 3.43% |
Frequently Asked Questions
HSCZ and VIISX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VIISX has higher volatility (4.09%) compared to HSCZ (3.75%). In terms of maximum drawdown, HSCZ dropped -34.89% vs VIISX's -50.31%.
HSCZ currently has the higher Sharpe Ratio (2.04 vs -0.25), 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.
Find the right allocation for HSCZ and VIISX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer