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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ISCAX or HSCZ.
Key characteristics
| ISCAX | HSCZ | |
|---|---|---|
| YTD Return | 7.65% | 11.24% |
| 1Y Return | 15.17% | 16.75% |
| 3Y Return (Ann) | -6.45% | 4.23% |
| 5Y Return (Ann) | 2.79% | 8.37% |
| Sharpe Ratio | 1.17 | 1.48 |
| Sortino Ratio | 1.65 | 1.98 |
| Omega Ratio | 1.21 | 1.27 |
| Calmar Ratio | 0.39 | 1.74 |
| Martin Ratio | 6.05 | 8.56 |
| Ulcer Index | 2.53% | 1.99% |
| Daily Std Dev | 13.10% | 11.55% |
| Max Drawdown | -71.36% | -34.89% |
| Current Drawdown | -29.35% | -2.30% |
Correlation
The correlation between ISCAX and HSCZ is 0.77, 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
ISCAX vs. HSCZ - Performance Comparison
In the year-to-date period, ISCAX achieves a 7.65% return, which is significantly lower than HSCZ's 11.24% return. 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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ISCAX vs. HSCZ - Expense Ratio Comparison
ISCAX has a 1.24% expense ratio, which is higher than HSCZ's 0.43% expense ratio.
Risk-Adjusted Performance
ISCAX vs. HSCZ - Risk-Adjusted Performance 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.
Dividends
ISCAX vs. HSCZ - Dividend Comparison
ISCAX's dividend yield for the trailing twelve months is around 0.78%, less than HSCZ's 2.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISCAX Federated Hermes International Small-Mid Company Fund | 0.78% | 0.84% | 0.80% | 0.39% | 0.00% | 0.20% | 1.16% | 0.00% | 0.00% | 0.45% | 0.00% | 0.05% |
HSCZ iShares Currency Hedged MSCI EAFE Small Cap ETF | 2.55% | 2.98% | 26.91% | 2.90% | 1.46% | 4.51% | 6.15% | 2.52% | 2.57% | 1.75% | 0.00% | 0.00% |
Drawdowns
ISCAX vs. HSCZ - Drawdown Comparison
The maximum ISCAX drawdown since its inception was -71.36%, 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. For additional features, visit the drawdowns tool.
Volatility
ISCAX vs. HSCZ - Volatility Comparison
Federated Hermes International Small-Mid Company Fund (ISCAX) has a higher volatility of 3.67% compared to iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) at 2.59%. 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.