OSMAX vs. HSCZ
Compare and contrast key facts about Invesco International Small-Mid Company Fund (OSMAX) and iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ).
OSMAX is managed by Invesco. It was launched on Nov 16, 1997. 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: OSMAX or HSCZ.
Key characteristics
| OSMAX | HSCZ | |
|---|---|---|
| YTD Return | 4.42% | 10.07% |
| 1Y Return | 16.97% | 15.36% |
| 3Y Return (Ann) | -7.79% | 3.98% |
| 5Y Return (Ann) | 3.90% | 9.27% |
| Sharpe Ratio | 1.12 | 1.28 |
| Daily Std Dev | 14.58% | 12.15% |
| Max Drawdown | -77.87% | -34.89% |
| Current Drawdown | -22.53% | -2.40% |
Correlation
The correlation between OSMAX 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.
Performance
OSMAX vs. HSCZ - Performance Comparison
In the year-to-date period, OSMAX achieves a 4.42% return, which is significantly lower than HSCZ's 10.07% 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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OSMAX vs. HSCZ - Expense Ratio Comparison
OSMAX has a 1.33% expense ratio, which is higher than HSCZ's 0.43% expense ratio.
Risk-Adjusted Performance
OSMAX vs. HSCZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco International Small-Mid Company Fund (OSMAX) 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
OSMAX vs. HSCZ - Dividend Comparison
OSMAX's dividend yield for the trailing twelve months is around 2.26%, less than HSCZ's 2.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OSMAX Invesco International Small-Mid Company Fund | 2.26% | 2.36% | 0.28% | 10.00% | 8.13% | 4.89% | 10.95% | 2.95% | 0.15% | 0.07% | 0.48% | 0.70% |
HSCZ iShares Currency Hedged MSCI EAFE Small Cap ETF | 2.57% | 2.98% | 26.91% | 2.90% | 1.46% | 4.51% | 6.15% | 2.52% | 2.57% | 1.75% | 0.00% | 0.00% |
Drawdowns
OSMAX vs. HSCZ - Drawdown Comparison
The maximum OSMAX drawdown since its inception was -77.87%, which is greater than HSCZ's maximum drawdown of -34.89%. Use the drawdown chart below to compare losses from any high point for OSMAX and HSCZ. For additional features, visit the drawdowns tool.
Volatility
OSMAX vs. HSCZ - Volatility Comparison
Invesco International Small-Mid Company Fund (OSMAX) and iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) have volatilities of 3.51% and 3.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.