ISCF vs. HSCZ
Compare and contrast key facts about iShares MSCI Intl Small-Cap Multifactor ETF (ISCF) and iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ).
ISCF and HSCZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ISCF is a passively managed fund by iShares that tracks the performance of the MSCI World exUSA SmallCap Diversified Multi-Factor. It was launched on Apr 28, 2015. 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. Both ISCF and HSCZ 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: ISCF or HSCZ.
Key characteristics
| ISCF | HSCZ | |
|---|---|---|
| YTD Return | -0.31% | 5.83% |
| 1Y Return | 7.02% | 16.11% |
| 3Y Return (Ann) | -1.07% | 4.95% |
| 5Y Return (Ann) | 5.16% | 8.46% |
| Sharpe Ratio | 0.40 | 1.38 |
| Daily Std Dev | 13.54% | 10.64% |
| Max Drawdown | -40.79% | -34.89% |
| Current Drawdown | -9.47% | -1.74% |
Correlation
The correlation between ISCF and HSCZ is 0.75, 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
ISCF vs. HSCZ - Performance Comparison
In the year-to-date period, ISCF achieves a -0.31% return, which is significantly lower than HSCZ's 5.83% 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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ISCF vs. HSCZ - Expense Ratio Comparison
ISCF has a 0.40% expense ratio, which is lower than HSCZ's 0.43% expense ratio.
Risk-Adjusted Performance
ISCF vs. HSCZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Intl Small-Cap Multifactor ETF (ISCF) 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
ISCF vs. HSCZ - Dividend Comparison
ISCF's dividend yield for the trailing twelve months is around 3.95%, more than HSCZ's 2.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISCF iShares MSCI Intl Small-Cap Multifactor ETF | 3.95% | 3.94% | 2.73% | 3.93% | 2.30% | 2.87% | 2.14% | 1.97% | 2.89% | 1.46% |
HSCZ iShares Currency Hedged MSCI EAFE Small Cap ETF | 2.82% | 2.98% | 26.91% | 2.90% | 1.46% | 4.51% | 6.15% | 2.52% | 2.57% | 1.75% |
Drawdowns
ISCF vs. HSCZ - Drawdown Comparison
The maximum ISCF drawdown since its inception was -40.79%, which is greater than HSCZ's maximum drawdown of -34.89%. Use the drawdown chart below to compare losses from any high point for ISCF and HSCZ. For additional features, visit the drawdowns tool.
Volatility
ISCF vs. HSCZ - Volatility Comparison
iShares MSCI Intl Small-Cap Multifactor ETF (ISCF) has a higher volatility of 3.67% compared to iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) at 2.68%. This indicates that ISCF'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.