IEFA vs. SCZ
Compare and contrast key facts about iShares Core MSCI EAFE ETF (IEFA) and iShares MSCI EAFE Small-Cap ETF (SCZ).
IEFA and SCZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IEFA is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Investable Market Index. It was launched on Oct 18, 2012. SCZ is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Small Cap Index. It was launched on Dec 10, 2007. Both IEFA and SCZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IEFA or SCZ.
Performance
IEFA vs. SCZ - Performance Comparison
Returns By Period
In the year-to-date period, IEFA achieves a 4.11% return, which is significantly higher than SCZ's 1.67% return. Both investments have delivered pretty close results over the past 10 years, with IEFA having a 5.13% annualized return and SCZ not far ahead at 5.30%.
IEFA
4.11%
-4.08%
-1.92%
10.62%
5.44%
5.13%
SCZ
1.67%
-3.63%
-0.70%
9.83%
3.15%
5.30%
Key characteristics
| IEFA | SCZ | |
|---|---|---|
| Sharpe Ratio | 0.85 | 0.74 |
| Sortino Ratio | 1.24 | 1.11 |
| Omega Ratio | 1.15 | 1.14 |
| Calmar Ratio | 1.25 | 0.46 |
| Martin Ratio | 3.80 | 3.29 |
| Ulcer Index | 2.86% | 3.11% |
| Daily Std Dev | 12.80% | 13.78% |
| Max Drawdown | -34.78% | -61.86% |
| Current Drawdown | -8.60% | -14.73% |
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IEFA vs. SCZ - Expense Ratio Comparison
IEFA has a 0.07% expense ratio, which is lower than SCZ's 0.40% expense ratio.
Correlation
The correlation between IEFA and SCZ is 0.95, 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.
Risk-Adjusted Performance
IEFA vs. SCZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI EAFE ETF (IEFA) and iShares MSCI EAFE Small-Cap ETF (SCZ). 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.
Dividends
IEFA vs. SCZ - Dividend Comparison
IEFA's dividend yield for the trailing twelve months is around 3.17%, more than SCZ's 2.79% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEFA iShares Core MSCI EAFE ETF | 3.17% | 3.20% | 2.70% | 3.32% | 1.90% | 3.18% | 3.46% | 2.57% | 2.96% | 2.63% | 3.10% | 2.16% |
SCZ iShares MSCI EAFE Small-Cap ETF | 2.79% | 2.95% | 1.99% | 2.96% | 1.52% | 3.51% | 2.79% | 2.38% | 2.82% | 2.06% | 2.61% | 2.40% |
Drawdowns
IEFA vs. SCZ - Drawdown Comparison
The maximum IEFA drawdown since its inception was -34.78%, smaller than the maximum SCZ drawdown of -61.86%. Use the drawdown chart below to compare losses from any high point for IEFA and SCZ. For additional features, visit the drawdowns tool.
Volatility
IEFA vs. SCZ - Volatility Comparison
iShares Core MSCI EAFE ETF (IEFA) and iShares MSCI EAFE Small-Cap ETF (SCZ) have volatilities of 3.71% and 3.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.