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 | -2.40% | 10.83% |
| 1Y Return | 11.71% | 19.14% |
| 3Y Return (Ann) | -13.22% | 4.12% |
| 5Y Return (Ann) | -2.74% | 8.46% |
| Sharpe Ratio | 0.80 | 1.63 |
| Sortino Ratio | 1.25 | 2.19 |
| Omega Ratio | 1.15 | 1.30 |
| Calmar Ratio | 0.27 | 1.94 |
| Martin Ratio | 2.81 | 9.64 |
| Ulcer Index | 4.01% | 1.98% |
| Daily Std Dev | 14.12% | 11.74% |
| Max Drawdown | -81.37% | -34.89% |
| Current Drawdown | -35.54% | -2.67% |
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 -2.40% return, which is significantly lower than HSCZ's 10.83% 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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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 0.87%, less than HSCZ's 2.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OSMAX Invesco International Small-Mid Company Fund | 0.87% | 0.85% | 0.00% | 0.04% | 0.00% | 0.37% | 0.53% | 0.75% | 0.15% | 0.07% | 0.48% | 0.70% |
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% | 0.00% | 0.00% |
Drawdowns
OSMAX vs. HSCZ - Drawdown Comparison
The maximum OSMAX drawdown since its inception was -81.37%, 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) has a higher volatility of 3.55% compared to iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) at 2.74%. This indicates that OSMAX'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.