PH vs. HSCZ
PH (Parker-Hannifin Corporation) is a stock, while HSCZ (iShares Currency Hedged MSCI EAFE Small Cap ETF) is Foreign Small & Mid Cap Equities fund tracking the MSCI EAFE Small-Cap 100% Hedged to USD Index. Over the past 10 years, PH returned 25.12%/yr vs 12.35%/yr for HSCZ. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
PH vs. HSCZ - Performance Comparison
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Returns By Period
In the year-to-date period, PH achieves a 3.21% return, which is significantly lower than HSCZ's 10.99% return. Over the past 10 years, PH has outperformed HSCZ with an annualized return of 25.12%, while HSCZ has yielded a comparatively lower 12.35% annualized return.
PH
- 1D
- 0.12%
- 1M
- 4.72%
- YTD
- 3.21%
- 6M
- 2.52%
- 1Y
- 39.33%
- 3Y*
- 36.33%
- 5Y*
- 26.12%
- 10Y*
- 25.12%
HSCZ
- 1D
- 0.71%
- 1M
- 0.48%
- YTD
- 10.99%
- 6M
- 13.18%
- 1Y
- 29.11%
- 3Y*
- 18.32%
- 5Y*
- 10.94%
- 10Y*
- 12.35%
PH vs. HSCZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PH Parker-Hannifin Corporation | 3.21% | 39.54% | 39.58% | 60.81% | -6.91% | 18.30% | 34.78% | 40.75% | -24.00% | 44.91% |
HSCZ iShares Currency Hedged MSCI EAFE Small Cap ETF | 10.99% | 25.74% | 12.89% | 17.03% | -11.46% | 17.75% | 6.40% | 27.89% | -13.99% | 24.52% |
Correlation
The correlation between PH and HSCZ is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2015 | 0.54 |
The correlation between PH and HSCZ shifts across timeframes, from 0.49 (1 year) to 0.60 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PH vs. HSCZ — Risk / Return Rank
PH
HSCZ
PH vs. HSCZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Parker-Hannifin Corporation (PH) 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.
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.
| PH | HSCZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.45 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 2.95 | -1.05 |
| Martin ratioReturn relative to average drawdown | 5.64 | 12.57 | -6.93 |
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Drawdowns
PH vs. HSCZ - Drawdown Comparison
The maximum PH drawdown since its inception was -66.92%, which is greater than HSCZ's maximum drawdown of -34.89%. Use the drawdown chart below to compare losses from any high point for PH and HSCZ.
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Drawdown Indicators
| PH | HSCZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.92% | -34.89% | -32.03% |
Max Drawdown (1Y)Largest decline over 1 year | -19.34% | -9.61% | -9.73% |
Max Drawdown (3Y)Largest decline over 3 years | -26.79% | -12.81% | -13.98% |
Max Drawdown (5Y)Largest decline over 5 years | -28.64% | -20.11% | -8.53% |
Max Drawdown (10Y)Largest decline over 10 years | -54.68% | -34.89% | -19.79% |
Current DrawdownCurrent decline from peak | -11.49% | -0.60% | -10.89% |
Average DrawdownAverage peak-to-trough decline | -15.33% | -4.64% | -10.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.52% | 2.25% | +4.27% |
Volatility
PH vs. HSCZ - Volatility Comparison
Parker-Hannifin Corporation (PH) has a higher volatility of 7.58% compared to iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) at 4.08%. This indicates that PH'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.
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Volatility by Period
| PH | HSCZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.58% | 4.08% | +3.50% |
Volatility (6M)Calculated over the trailing 6-month period | 18.96% | 9.68% | +9.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.10% | 11.60% | +13.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.68% | 13.52% | +15.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.70% | 15.68% | +16.02% |
Dividends
PH vs. HSCZ - Dividend Comparison
PH's dividend yield for the trailing twelve months is around 0.82%, less than HSCZ's 2.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HSCZ iShares Currency Hedged MSCI EAFE Small Cap ETF | 2.93% | 3.25% | 3.26% | 2.98% | 26.91% | 2.90% | 1.46% | 4.66% | 6.15% | 2.52% | 2.57% | 1.75% |
PH Parker-Hannifin Corporation | 0.82% | 0.80% | 1.00% | 1.25% | 1.73% | 1.25% | 1.29% | 1.65% | 1.97% | 1.32% | 1.80% | 2.60% |
Frequently Asked Questions
PH and HSCZ have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PH has higher volatility (7.58%) compared to HSCZ (4.08%). In terms of maximum drawdown, PH dropped -66.92% vs HSCZ's -34.89%.
HSCZ currently has the higher Sharpe Ratio (2.45 vs 1.47), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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