NISM vs. SCZ
NISM (NYLI International Small-Mid Cap Equity ETF) and SCZ (iShares MSCI EAFE Small-Cap ETF) are both Foreign Small & Mid Cap Equities funds. NISM is actively managed, while SCZ is passively managed. Their correlation of 0.82 suggests significant overlap in exposure. NISM charges 0.70%/yr vs 0.40%/yr for SCZ.
Performance
NISM vs. SCZ - Performance Comparison
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Returns By Period
NISM
- 1D
- 0.94%
- 1M
- -0.24%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SCZ
- 1D
- 0.73%
- 1M
- -0.93%
- 6M
- 5.57%
- YTD
- 8.68%
- 1Y
- 18.03%
- 3Y*
- 14.49%
- 5Y*
- 5.41%
- 10Y*
- 8.41%
NISM vs. SCZ - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
NISM NYLI International Small-Mid Cap Equity ETF | -1.78% |
SCZ iShares MSCI EAFE Small-Cap ETF | -1.16% |
Correlation
The correlation between NISM and SCZ is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 13, 2026 | 0.82 |
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Return for Risk
NISM vs. SCZ — Risk / Return Rank
NISM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SCZ
NISM vs. SCZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NYLI International Small-Mid Cap Equity ETF (NISM) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NISM | SCZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.22 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.58 | — |
| Martin ratioReturn relative to average drawdown | — | 5.82 | — |
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Drawdowns
NISM vs. SCZ - Drawdown Comparison
The maximum NISM drawdown since its inception was -4.35%, smaller than the maximum SCZ drawdown of -61.86%. Use the drawdown chart below to compare losses from any high point for NISM and SCZ.
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Drawdown Indicators
| NISM | SCZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.35% | -61.86% | +57.51% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.43% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.06% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.87% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.07% | — |
Current DrawdownCurrent decline from peak | -1.85% | -2.58% | +0.73% |
Average DrawdownAverage peak-to-trough decline | -1.75% | -13.00% | +11.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.11% | — |
Volatility
NISM vs. SCZ - Volatility Comparison
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Volatility by Period
| NISM | SCZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.95% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.90% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.31% | 15.03% | -0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.31% | 16.82% | -2.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.31% | 17.14% | -2.83% |
NISM vs. SCZ - Expense Ratio Comparison
NISM has a 0.70% expense ratio, which is higher than SCZ's 0.40% expense ratio.
Dividends
NISM vs. SCZ - Dividend Comparison
NISM's dividend yield for the trailing twelve months is around 0.24%, less than SCZ's 3.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NISM NYLI International Small-Mid Cap Equity ETF | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCZ iShares MSCI EAFE Small-Cap ETF | 3.21% | 3.30% | 3.50% | 2.96% | 1.99% | 2.96% | 1.52% | 3.52% | 2.79% | 2.38% | 2.82% | 2.06% |
Frequently Asked Questions
NISM and SCZ have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SCZ is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SCZ is cheaper with a 0.40% expense ratio, compared with 0.70% for NISM.
SCZ has the higher dividend yield at 3.21%, compared with 0.24% for NISM.
They also come from different issuers: New York Life Investment Management and iShares. Their fees differ too: 0.70% for NISM and 0.40% for SCZ.
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