ISVL vs. HSCZ
Compare and contrast key facts about iShares International Developed Small Cap Value Factor ETF (ISVL) and iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ).
ISVL and HSCZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ISVL is a passively managed fund by iShares that tracks the performance of the FTSE Developed ex US ex Korea Small Cap Focused Value Index. It was launched on Mar 23, 2021. 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 ISVL 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: ISVL or HSCZ.
Performance
ISVL vs. HSCZ - Performance Comparison
Returns By Period
In the year-to-date period, ISVL achieves a 5.19% return, which is significantly lower than HSCZ's 10.53% return.
ISVL
5.19%
-5.80%
-1.75%
14.66%
N/A
N/A
HSCZ
10.53%
-2.33%
0.20%
15.87%
8.22%
N/A
Key characteristics
| ISVL | HSCZ | |
|---|---|---|
| Sharpe Ratio | 1.13 | 1.38 |
| Sortino Ratio | 1.59 | 1.86 |
| Omega Ratio | 1.20 | 1.25 |
| Calmar Ratio | 1.41 | 1.63 |
| Martin Ratio | 5.93 | 7.99 |
| Ulcer Index | 2.62% | 2.00% |
| Daily Std Dev | 13.76% | 11.57% |
| Max Drawdown | -30.48% | -34.89% |
| Current Drawdown | -7.76% | -2.94% |
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ISVL vs. HSCZ - Expense Ratio Comparison
ISVL has a 0.30% expense ratio, which is lower than HSCZ's 0.43% expense ratio.
Correlation
The correlation between ISVL and HSCZ is 0.87, 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
ISVL vs. HSCZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares International Developed Small Cap Value Factor ETF (ISVL) 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
ISVL vs. HSCZ - Dividend Comparison
ISVL's dividend yield for the trailing twelve months is around 3.55%, more than HSCZ's 2.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISVL iShares International Developed Small Cap Value Factor ETF | 3.55% | 3.82% | 3.37% | 2.82% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HSCZ iShares Currency Hedged MSCI EAFE Small Cap ETF | 2.56% | 2.98% | 26.91% | 2.90% | 1.46% | 4.51% | 6.15% | 2.52% | 2.57% | 1.75% |
Drawdowns
ISVL vs. HSCZ - Drawdown Comparison
The maximum ISVL drawdown since its inception was -30.48%, smaller than the maximum HSCZ drawdown of -34.89%. Use the drawdown chart below to compare losses from any high point for ISVL and HSCZ. For additional features, visit the drawdowns tool.
Volatility
ISVL vs. HSCZ - Volatility Comparison
iShares International Developed Small Cap Value Factor ETF (ISVL) has a higher volatility of 3.52% compared to iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) at 2.65%. This indicates that ISVL'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.