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.
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
Key characteristics
HSCZ:
1.12
^GSPC:
1.91
HSCZ:
1.54
^GSPC:
2.56
HSCZ:
1.21
^GSPC:
1.35
HSCZ:
1.32
^GSPC:
2.90
HSCZ:
6.14
^GSPC:
11.90
HSCZ:
2.11%
^GSPC:
2.06%
HSCZ:
11.56%
^GSPC:
12.86%
HSCZ:
-34.89%
^GSPC:
-56.78%
HSCZ:
-1.48%
^GSPC:
-2.51%
Returns By Period
In the year-to-date period, HSCZ achieves a -0.44% return, which is significantly lower than ^GSPC's 0.95% return.
HSCZ
-0.44%
0.37%
0.44%
14.04%
7.53%
N/A
^GSPC
0.95%
-1.87%
7.08%
25.28%
12.31%
11.41%
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Risk-Adjusted Performance
HSCZ vs. ^GSPC — Risk-Adjusted Performance Rank
HSCZ
^GSPC
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 2.77%, while S&P 500 (^GSPC) has a volatility of 4.97%. 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.