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.
Performance
OSMAX vs. HSCZ - Performance Comparison
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OSMAX vs. HSCZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OSMAX Invesco International Small-Mid Company Fund | -6.85% | 16.81% | -6.57% | 12.33% | -31.19% | 13.64% | 24.76% | 19.33% | -9.47% | 37.92% |
HSCZ iShares Currency Hedged MSCI EAFE Small Cap ETF | 1.96% | 25.74% | 12.89% | 17.03% | -11.46% | 17.75% | 6.40% | 27.89% | -13.99% | 24.52% |
Returns By Period
In the year-to-date period, OSMAX achieves a -6.85% return, which is significantly lower than HSCZ's 1.96% return. Over the past 10 years, OSMAX has underperformed HSCZ with an annualized return of 5.44%, while HSCZ has yielded a comparatively higher 11.13% annualized return.
OSMAX
- 1D
- 0.06%
- 1M
- -10.14%
- YTD
- -6.85%
- 6M
- -6.85%
- 1Y
- 6.02%
- 3Y*
- 2.00%
- 5Y*
- -1.61%
- 10Y*
- 5.44%
HSCZ
- 1D
- 2.14%
- 1M
- -6.61%
- YTD
- 1.96%
- 6M
- 7.54%
- 1Y
- 27.45%
- 3Y*
- 16.89%
- 5Y*
- 9.84%
- 10Y*
- 11.13%
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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.
Return for Risk
OSMAX vs. HSCZ — Risk / Return Rank
OSMAX
HSCZ
OSMAX vs. HSCZ - Risk-Adjusted Trends 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.
| OSMAX | HSCZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.33 | 1.92 | -1.58 |
Sortino ratioReturn per unit of downside risk | 0.57 | 2.62 | -2.05 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.41 | -0.34 |
Calmar ratioReturn relative to maximum drawdown | 0.08 | 2.61 | -2.53 |
Martin ratioReturn relative to average drawdown | 0.27 | 10.63 | -10.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OSMAX | HSCZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 1.92 | -1.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | 0.74 | -0.83 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.71 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.62 | -0.12 |
Correlation
The correlation between OSMAX and HSCZ is 0.73, 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.
Dividends
OSMAX vs. HSCZ - Dividend Comparison
OSMAX's dividend yield for the trailing twelve months is around 21.61%, more than HSCZ's 3.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OSMAX Invesco International Small-Mid Company Fund | 21.61% | 20.13% | 10.49% | 2.36% | 0.28% | 10.00% | 8.13% | 0.37% | 10.95% | 2.95% | 0.15% | 0.07% |
HSCZ iShares Currency Hedged MSCI EAFE Small Cap ETF | 3.19% | 3.25% | 3.26% | 2.98% | 26.91% | 2.90% | 1.46% | 4.66% | 6.15% | 2.52% | 2.57% | 1.75% |
Drawdowns
OSMAX vs. HSCZ - Drawdown Comparison
The maximum OSMAX drawdown since its inception was -78.32%, 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.
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Drawdown Indicators
| OSMAX | HSCZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.32% | -34.89% | -43.43% |
Max Drawdown (1Y)Largest decline over 1 year | -12.10% | -9.88% | -2.22% |
Max Drawdown (5Y)Largest decline over 5 years | -44.11% | -20.11% | -24.00% |
Max Drawdown (10Y)Largest decline over 10 years | -44.11% | -34.89% | -9.22% |
Current DrawdownCurrent decline from peak | -24.58% | -6.61% | -17.97% |
Average DrawdownAverage peak-to-trough decline | -19.07% | -4.70% | -14.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 2.44% | +1.10% |
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 5.64% and 5.41%, 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.
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Volatility by Period
| OSMAX | HSCZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | 5.41% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 9.99% | 8.49% | +1.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.37% | 14.44% | +0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.89% | 13.37% | +4.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.06% | 15.65% | +1.41% |