ISCAX vs. HSCZ
Compare and contrast key facts about Federated Hermes International Small-Mid Company Fund (ISCAX) and iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ).
ISCAX is managed by Federated. It was launched on Feb 27, 1996. 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.
Performance
ISCAX vs. HSCZ - Performance Comparison
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ISCAX vs. HSCZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISCAX Federated Hermes International Small-Mid Company Fund | -0.29% | 34.01% | 5.67% | 12.61% | -23.62% | 5.98% | 31.26% | 31.76% | -18.88% | 34.73% |
HSCZ iShares Currency Hedged MSCI EAFE Small Cap ETF | 3.75% | 25.74% | 12.89% | 17.03% | -11.46% | 17.75% | 6.40% | 27.89% | -13.99% | 24.52% |
Returns By Period
In the year-to-date period, ISCAX achieves a -0.29% return, which is significantly lower than HSCZ's 3.75% return. Over the past 10 years, ISCAX has underperformed HSCZ with an annualized return of 9.00%, while HSCZ has yielded a comparatively higher 11.32% annualized return.
ISCAX
- 1D
- 2.84%
- 1M
- -8.34%
- YTD
- -0.29%
- 6M
- 0.17%
- 1Y
- 23.05%
- 3Y*
- 14.25%
- 5Y*
- 4.95%
- 10Y*
- 9.00%
HSCZ
- 1D
- 1.75%
- 1M
- -3.90%
- YTD
- 3.75%
- 6M
- 9.45%
- 1Y
- 29.76%
- 3Y*
- 17.57%
- 5Y*
- 10.22%
- 10Y*
- 11.32%
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ISCAX vs. HSCZ - Expense Ratio Comparison
ISCAX has a 1.24% expense ratio, which is higher than HSCZ's 0.43% expense ratio.
Return for Risk
ISCAX vs. HSCZ — Risk / Return Rank
ISCAX
HSCZ
ISCAX vs. HSCZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes International Small-Mid Company Fund (ISCAX) and iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ). 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.
| ISCAX | HSCZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.71 | 2.07 | -0.36 |
Sortino ratioReturn per unit of downside risk | 2.37 | 2.81 | -0.44 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.44 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.18 | 3.00 | -0.82 |
Martin ratioReturn relative to average drawdown | 9.41 | 12.08 | -2.67 |
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
| ISCAX | HSCZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 2.07 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.77 | -0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.73 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.63 | -0.15 |
Correlation
The correlation between ISCAX and HSCZ is 0.74, 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
ISCAX vs. HSCZ - Dividend Comparison
ISCAX's dividend yield for the trailing twelve months is around 7.47%, more than HSCZ's 3.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISCAX Federated Hermes International Small-Mid Company Fund | 7.47% | 7.45% | 0.00% | 0.84% | 0.79% | 7.79% | 5.80% | 4.89% | 15.53% | 6.51% | 0.92% | 12.23% |
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% |
Drawdowns
ISCAX vs. HSCZ - Drawdown Comparison
The maximum ISCAX drawdown since its inception was -71.55%, which is greater than HSCZ's maximum drawdown of -34.89%. Use the drawdown chart below to compare losses from any high point for ISCAX and HSCZ.
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Drawdown Indicators
| ISCAX | HSCZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.55% | -34.89% | -36.66% |
Max Drawdown (1Y)Largest decline over 1 year | -11.91% | -9.80% | -2.11% |
Max Drawdown (5Y)Largest decline over 5 years | -40.33% | -20.11% | -20.22% |
Max Drawdown (10Y)Largest decline over 10 years | -40.33% | -34.89% | -5.44% |
Current DrawdownCurrent decline from peak | -9.40% | -4.98% | -4.42% |
Average DrawdownAverage peak-to-trough decline | -22.33% | -4.70% | -17.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 2.46% | +0.60% |
Volatility
ISCAX vs. HSCZ - Volatility Comparison
Federated Hermes International Small-Mid Company Fund (ISCAX) has a higher volatility of 5.83% compared to iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) at 5.32%. This indicates that ISCAX's price experiences larger fluctuations and is considered to be riskier than HSCZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISCAX | HSCZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.83% | 5.32% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 10.76% | 8.66% | +2.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.44% | 14.48% | +2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.32% | 13.38% | +3.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.31% | 15.65% | +1.66% |