RBIL vs. HSCZ
RBIL (F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF) and HSCZ (iShares Currency Hedged MSCI EAFE Small Cap ETF) are both exchange-traded funds - RBIL is a Inflation-Protected Bonds fund tracking the Bloomberg US Ultrashort TIPS 1-13 Months Index, while HSCZ is a Foreign Small & Mid Cap Equities fund tracking the MSCI EAFE Small-Cap 100% Hedged to USD Index. Both are passively managed. Over the past year, RBIL returned 4.01% vs 24.15% for HSCZ. At a correlation of -0.22, they often move in opposite directions. RBIL charges 0.17%/yr vs 0.43%/yr for HSCZ.
Performance
RBIL vs. HSCZ - Performance Comparison
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Returns By Period
In the year-to-date period, RBIL achieves a 2.52% return, which is significantly lower than HSCZ's 11.59% return.
RBIL
- 1D
- -0.13%
- 1M
- -0.06%
- 6M
- 2.34%
- YTD
- 2.52%
- 1Y
- 4.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HSCZ
- 1D
- 0.61%
- 1M
- 0.54%
- 6M
- 7.68%
- YTD
- 11.59%
- 1Y
- 24.15%
- 3Y*
- 18.91%
- 5Y*
- 11.26%
- 10Y*
- 12.05%
RBIL vs. HSCZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | 2.52% | 2.85% |
HSCZ iShares Currency Hedged MSCI EAFE Small Cap ETF | 11.59% | 23.43% |
Correlation
The correlation between RBIL and HSCZ is -0.27, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.27 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2025 | -0.22 |
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Return for Risk
RBIL vs. HSCZ — Risk / Return Rank
RBIL
HSCZ
RBIL vs. HSCZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) 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.
| RBIL | HSCZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.19 | ||
| Sortino ratioReturn per unit of downside risk | +3.60 | ||
| Omega ratioGain probability vs. loss probability | 2.10 | 1.38 | +0.72 |
| Calmar ratioReturn relative to maximum drawdown | 7.16 | 2.52 | +4.64 |
| Martin ratioReturn relative to average drawdown | 30.37 | 10.64 | +19.73 |
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Drawdowns
RBIL vs. HSCZ - Drawdown Comparison
The maximum RBIL drawdown since its inception was -0.56%, smaller than the maximum HSCZ drawdown of -34.89%. Use the drawdown chart below to compare losses from any high point for RBIL and HSCZ.
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Drawdown Indicators
| RBIL | HSCZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.56% | -34.89% | +34.33% |
Max Drawdown (1Y)Largest decline over 1 year | -0.56% | -9.61% | +9.05% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.81% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.11% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.89% | — |
Current DrawdownCurrent decline from peak | -0.31% | -1.54% | +1.23% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -4.62% | +4.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.13% | 2.28% | -2.15% |
Volatility
RBIL vs. HSCZ - Volatility Comparison
The current volatility for F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) is 0.31%, while iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) has a volatility of 3.41%. This indicates that RBIL experiences smaller price fluctuations and is considered to be less risky 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
| RBIL | HSCZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.31% | 3.41% | -3.10% |
Volatility (6M)Calculated over the trailing 6-month period | 0.88% | 9.99% | -9.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.95% | 11.80% | -10.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.06% | 13.53% | -12.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.06% | 15.33% | -14.27% |
RBIL vs. HSCZ - Expense Ratio Comparison
RBIL has a 0.17% expense ratio, which is lower than HSCZ's 0.43% expense ratio.
Dividends
RBIL vs. HSCZ - Dividend Comparison
RBIL's dividend yield for the trailing twelve months is around 4.38%, more than HSCZ's 3.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HSCZ iShares Currency Hedged MSCI EAFE Small Cap ETF | 3.13% | 3.25% | 3.26% | 2.98% | 26.91% | 2.90% | 1.46% | 4.66% | 6.15% | 2.52% | 2.57% | 1.75% |
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | 4.38% | 3.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RBIL and HSCZ have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HSCZ has higher volatility (3.41%) compared to RBIL (0.31%). In terms of maximum drawdown, RBIL dropped -0.56% vs HSCZ's -34.89%.
On 1-year performance, HSCZ leads with 24.15% vs 4.01% for RBIL. On fees, RBIL is cheaper at 0.17% per year. On volatility, RBIL has been the lower-risk option at 0.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HSCZ has performed better with a 24.15% return vs 4.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RBIL is cheaper with a 0.17% expense ratio, compared with 0.43% for HSCZ.
RBIL has the higher dividend yield at 4.38%, compared with 3.13% for HSCZ.
RBIL is categorized as Inflation-Protected Bonds, while HSCZ is Foreign Small & Mid Cap Equities. RBIL tracks Bloomberg US Ultrashort TIPS 1-13 Months Index, while HSCZ tracks MSCI EAFE Small-Cap 100% Hedged to USD Index. They also come from different issuers: F/m and iShares. Their fees differ too: 0.17% for RBIL and 0.43% for HSCZ.
RBIL currently has the higher Sharpe Ratio (4.24 vs 2.06), 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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