PXH vs. SCZ
Compare and contrast key facts about Invesco FTSE RAFI Emerging Markets ETF (PXH) and iShares MSCI EAFE Small-Cap ETF (SCZ).
PXH and SCZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PXH is a passively managed fund by Invesco that tracks the performance of the FTSE RAFI Emerging Markets Index. It was launched on Sep 27, 2007. SCZ is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Small Cap Index. It was launched on Dec 10, 2007. Both PXH and SCZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
PXH vs. SCZ - Performance Comparison
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PXH vs. SCZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PXH Invesco FTSE RAFI Emerging Markets ETF | 4.64% | 31.44% | 12.09% | 13.93% | -15.18% | 8.31% | -1.91% | 16.77% | -8.68% | 26.60% |
SCZ iShares MSCI EAFE Small-Cap ETF | 1.14% | 32.08% | 1.52% | 12.98% | -21.27% | 10.12% | 11.71% | 24.68% | -17.64% | 32.72% |
Returns By Period
In the year-to-date period, PXH achieves a 4.64% return, which is significantly higher than SCZ's 1.14% return. Over the past 10 years, PXH has outperformed SCZ with an annualized return of 9.71%, while SCZ has yielded a comparatively lower 7.69% annualized return.
PXH
- 1D
- 2.87%
- 1M
- -5.27%
- YTD
- 4.64%
- 6M
- 7.81%
- 1Y
- 28.88%
- 3Y*
- 18.73%
- 5Y*
- 8.65%
- 10Y*
- 9.71%
SCZ
- 1D
- 3.06%
- 1M
- -8.53%
- YTD
- 1.14%
- 6M
- 4.20%
- 1Y
- 27.73%
- 3Y*
- 13.29%
- 5Y*
- 4.46%
- 10Y*
- 7.69%
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PXH vs. SCZ - Expense Ratio Comparison
PXH has a 0.50% expense ratio, which is higher than SCZ's 0.40% expense ratio.
Return for Risk
PXH vs. SCZ — Risk / Return Rank
PXH
SCZ
PXH vs. SCZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE RAFI Emerging Markets ETF (PXH) 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.
| PXH | SCZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.57 | 1.71 | -0.14 |
Sortino ratioReturn per unit of downside risk | 2.17 | 2.31 | -0.13 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.34 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.11 | 2.29 | -0.18 |
Martin ratioReturn relative to average drawdown | 9.45 | 9.00 | +0.45 |
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
| PXH | SCZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 1.71 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.27 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.44 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.25 | -0.12 |
Correlation
The correlation between PXH and SCZ 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.
Dividends
PXH vs. SCZ - Dividend Comparison
PXH's dividend yield for the trailing twelve months is around 3.76%, more than SCZ's 3.26% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PXH Invesco FTSE RAFI Emerging Markets ETF | 3.76% | 4.02% | 4.43% | 4.84% | 5.33% | 4.69% | 2.79% | 3.28% | 3.30% | 2.74% | 1.97% | 3.44% |
SCZ iShares MSCI EAFE Small-Cap ETF | 3.26% | 3.30% | 3.50% | 2.96% | 1.99% | 2.96% | 1.52% | 3.52% | 2.79% | 2.38% | 2.82% | 2.06% |
Drawdowns
PXH vs. SCZ - Drawdown Comparison
The maximum PXH drawdown since its inception was -63.63%, roughly equal to the maximum SCZ drawdown of -61.86%. Use the drawdown chart below to compare losses from any high point for PXH and SCZ.
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Drawdown Indicators
| PXH | SCZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.63% | -61.86% | -1.77% |
Max Drawdown (1Y)Largest decline over 1 year | -13.78% | -11.43% | -2.35% |
Max Drawdown (5Y)Largest decline over 5 years | -29.59% | -36.87% | +7.28% |
Max Drawdown (10Y)Largest decline over 10 years | -40.42% | -41.07% | +0.65% |
Current DrawdownCurrent decline from peak | -6.55% | -8.53% | +1.98% |
Average DrawdownAverage peak-to-trough decline | -17.00% | -13.17% | -3.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 2.91% | +0.17% |
Volatility
PXH vs. SCZ - Volatility Comparison
Invesco FTSE RAFI Emerging Markets ETF (PXH) and iShares MSCI EAFE Small-Cap ETF (SCZ) have volatilities of 7.57% and 7.37%, 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
| PXH | SCZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.57% | 7.37% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 12.04% | 10.71% | +1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.52% | 16.38% | +2.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.71% | 16.62% | +1.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.21% | 17.35% | +2.86% |