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SCJ vs. EUSC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SCJ vs. EUSC

Last updated Jun 24, 2026

SCJ (iShares MSCI Japan Small Cap ETF) and EUSC (WisdomTree Europe Hedged SmallCap Equity Fund) are both exchange-traded funds - SCJ is a Japan Equities fund tracking the MSCI Japan Small Cap Index, while EUSC is a Europe Equities fund tracking the WisdomTree Europe Hedged SmallCap Equity Index. Both are passively managed. At a correlation of -0.16, they often move in opposite directions. SCJ charges 0.49%/yr vs 0.58%/yr for EUSC.

Performance

SCJ vs. EUSC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Japan Small Cap ETF (SCJ) and WisdomTree Europe Hedged SmallCap Equity Fund (EUSC). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

SCJ

1D
-1.98%
1M
0.36%
YTD
14.43%
6M
14.21%
1Y
29.99%
3Y*
18.07%
5Y*
7.56%
10Y*
7.94%

EUSC

1D
0.00%
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SCJ vs. EUSC - Yearly Performance Comparison

2026 (YTD)
SCJ
iShares MSCI Japan Small Cap ETF		-0.42%
EUSC
WisdomTree Europe Hedged SmallCap Equity Fund		0.18%

Correlation

The correlation between SCJ and EUSC is -0.16, 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 (All Time)
Calculated using the full available price history since May 28, 2026

-0.16

SCJ vs. EUSC - Sectors Allocation Comparison

Sectors
SCJ
EUSC

Industrials

27.0%
20.1%

Consumer Cyclical

15.2%
9.1%

Technology

13.9%
4.4%

Financial Services

10.0%
28.4%

Basic Materials

9.3%
6.5%

Real Estate

7.7%
9.3%

Consumer Defensive

6.3%
4.1%

Healthcare

5.3%
2.9%

Communication Services

2.8%
5.0%

Utilities

1.9%
6.5%

Energy

0.7%
3.7%

Industrials

SCJ
27.0%
EUSC
20.1%

Consumer Cyclical

SCJ
15.2%
EUSC
9.1%

Technology

SCJ
13.9%
EUSC
4.4%

Financial Services

SCJ
10.0%
EUSC
28.4%

Basic Materials

SCJ
9.3%
EUSC
6.5%

Real Estate

SCJ
7.7%
EUSC
9.3%

Consumer Defensive

SCJ
6.3%
EUSC
4.1%

Healthcare

SCJ
5.3%
EUSC
2.9%

Communication Services

SCJ
2.8%
EUSC
5.0%

Utilities

SCJ
1.9%
EUSC
6.5%

Energy

SCJ
0.7%
EUSC
3.7%

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iShares MSCI Japan Small Cap ETF

WisdomTree Europe Hedged SmallCap Equity Fund

Often compared with SCJ:
SCJ vs. DFJSCJ vs. EWJSCJ vs. ^N225SCJ vs. JPXNSCJ vs. EWUSSCJ vs. FJSCXSCJ vs. FLJP
Often compared with EUSC:
EUSC vs. VGKEUSC vs. IEUSEUSC vs. IXUSEUSC vs. IEUREUSC vs. SYLDEUSC vs. AVDVEUSC vs. FEZ

Return for Risk

SCJ vs. EUSC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SCJ
SCJ Risk / Return Rank: 5555
Overall Rank
SCJ Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
SCJ Sortino Ratio Rank: 5757
Sortino Ratio Rank
SCJ Omega Ratio Rank: 5555
Omega Ratio Rank
SCJ Calmar Ratio Rank: 5353
Calmar Ratio Rank
SCJ Martin Ratio Rank: 5151
Martin Ratio Rank
EUSC

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SCJ vs. EUSC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan Small Cap ETF (SCJ) and WisdomTree Europe Hedged SmallCap Equity Fund (EUSC). 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.

SCJEUSCDifference
Sharpe ratioReturn per unit of total volatility
1.83

—

—

Sortino ratioReturn per unit of downside risk
2.57

—

—

Omega ratioGain probability vs. loss probability

1.32

—

—

Calmar ratioReturn relative to maximum drawdown

2.48

—

—

Martin ratioReturn relative to average drawdown

8.30

—

—

SCJ vs. EUSC - Sharpe Ratio Comparison

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Drawdowns

SCJ vs. EUSC - Drawdown Comparison

The maximum SCJ drawdown since its inception was -43.52%, which is greater than EUSC's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SCJ and EUSC.

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Drawdown Indicators

SCJEUSCDifference

Max Drawdown

Largest peak-to-trough decline

-43.52%

0.00%

-43.52%

Max Drawdown (1Y)

Largest decline over 1 year

-12.17%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-12.43%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-33.25%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-38.87%

—

—

Current Drawdown

Current decline from peak

-1.98%

0.00%

-1.98%

Average Drawdown

Average peak-to-trough decline

-10.36%

0.00%

-10.36%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.62%

—

—

Volatility

SCJ vs. EUSC - Volatility Comparison

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Volatility by Period

SCJEUSCDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.97%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

13.57%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

16.49%

1.10%

+15.39%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.87%

1.10%

+14.77%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.27%

1.10%

+15.17%

SCJ vs. EUSC - Expense Ratio Comparison

SCJ has a 0.49% expense ratio, which is lower than EUSC's 0.58% expense ratio.

Dividends

SCJ vs. EUSC - Dividend Comparison

SCJ's dividend yield for the trailing twelve months is around 2.80%, while EUSC has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
EUSC
WisdomTree Europe Hedged SmallCap Equity Fund		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SCJ
iShares MSCI Japan Small Cap ETF		2.80%3.14%1.79%1.99%1.18%1.87%0.89%1.85%1.44%1.45%2.73%1.53%

Frequently Asked Questions

SCJ and EUSC have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SCJ is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SCJ is cheaper with a 0.49% expense ratio, compared with 0.58% for EUSC.

SCJ has the higher dividend yield at 2.80%, compared with 0.00% for EUSC.

SCJ is categorized as Japan Equities, while EUSC is Europe Equities. SCJ tracks MSCI Japan Small Cap Index, while EUSC tracks WisdomTree Europe Hedged SmallCap Equity Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.49% for SCJ and 0.58% for EUSC.

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