HSCZ vs. ^GSPC
Compare and contrast key facts about iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) and S&P 500 (^GSPC).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HSCZ or ^GSPC.
Key characteristics
| HSCZ | ^GSPC | |
|---|---|---|
| YTD Return | 7.26% | 7.50% |
| 1Y Return | 16.98% | 26.26% |
| 3Y Return (Ann) | 5.74% | 7.19% |
| 5Y Return (Ann) | 8.70% | 11.73% |
| Sharpe Ratio | 1.61 | 2.17 |
| Daily Std Dev | 10.54% | 11.70% |
| Max Drawdown | -34.89% | -56.78% |
| Current Drawdown | -0.41% | -2.41% |
Correlation
The correlation between HSCZ and ^GSPC 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.
Performance
HSCZ vs. ^GSPC - Performance Comparison
The year-to-date returns for both investments are quite close, with HSCZ having a 7.26% return and ^GSPC slightly higher at 7.50%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
HSCZ vs. ^GSPC - 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 S&P 500 (^GSPC). 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.
Drawdowns
HSCZ vs. ^GSPC - Drawdown Comparison
The maximum HSCZ drawdown since its inception was -34.89%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for HSCZ and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
HSCZ vs. ^GSPC - Volatility Comparison
The current volatility for iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) is 2.93%, while S&P 500 (^GSPC) has a volatility of 4.10%. This indicates that HSCZ experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.