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SCZ vs. FYLD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SCZ vs. FYLD

Last updated Aug 6, 2026
Documentation

SCZ (iShares MSCI EAFE Small-Cap ETF) and FYLD (Cambria Foreign Shareholder Yield ETF) are both Foreign Small & Mid Cap Equities funds. SCZ is passively managed, while FYLD is actively managed. Over the past 10 years, SCZ returned 8.46%/yr vs 11.60%/yr for FYLD. Their correlation of 0.81 means they have usually moved in the same direction. SCZ charges 0.40%/yr vs 0.59%/yr for FYLD.

Performance

SCZ vs. FYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI EAFE Small-Cap ETF (SCZ) and Cambria Foreign Shareholder Yield ETF (FYLD). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SCZ achieves a 12.37% return, which is significantly lower than FYLD's 21.93% return. Over the past 10 years, SCZ has underperformed FYLD with an annualized return of 8.46%, while FYLD has yielded a comparatively higher 11.60% annualized return.

SCZ

1D
0.61%
1M
1.44%
6M
5.42%
YTD
12.37%
1Y
20.75%
3Y*
16.45%
5Y*
5.64%
10Y*
8.46%
ALL TIME*
5.65%

FYLD

1D
-0.14%
1M
5.37%
6M
9.35%
YTD
21.93%
1Y
35.40%
3Y*
21.91%
5Y*
12.79%
10Y*
11.60%
ALL TIME*
8.32%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

FYLD

Cambria Foreign Shareholder Yield ETF
$1.76M$1.76M$3.02M

SCZ

iShares MSCI EAFE Small-Cap ETF
$136.46M$136.20M$129.54M

SCZ vs. FYLD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SCZ
iShares MSCI EAFE Small-Cap ETF		12.37%32.08%1.52%12.98%-21.27%10.12%11.71%24.68%-17.64%32.72%
FYLD
Cambria Foreign Shareholder Yield ETF		21.93%34.53%3.00%13.18%-5.53%18.67%4.17%17.83%-14.47%29.81%

Correlation

The correlation between SCZ and FYLD is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.70

Correlation (3Y)
Balances recent behavior with more history.

0.78

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.82

Correlation (10Y)
Provides a long-term view across more market conditions.

0.80

Correlation (All Time)
Calculated using the full available price history since Dec 3, 2013

0.81

The correlation between SCZ and FYLD shifts across timeframes, from 0.70 (1 year) to 0.82 (5 years), reflecting how their relationship changes across market environments.

SCZ vs. FYLD - Sectors Allocation Comparison

Sectors
SCZ
FYLD

Industrials

24.2%
13.7%

Financial Services

12.7%
22.2%

Consumer Cyclical

12.5%
11.4%

Technology

11.0%
2.7%

Real Estate

9.9%

-

Basic Materials

9.7%
7.6%

Healthcare

6.1%

-

Consumer Defensive

4.8%
7.5%

Communication Services

3.6%
4.9%

Energy

3.3%
25.1%

Utilities

2.1%
3.9%

Industrials

SCZ
24.2%
FYLD
13.7%

Financial Services

SCZ
12.7%
FYLD
22.2%

Consumer Cyclical

SCZ
12.5%
FYLD
11.4%

Technology

SCZ
11.0%
FYLD
2.7%

Real Estate

SCZ
9.9%
FYLD

-

Basic Materials

SCZ
9.7%
FYLD
7.6%

Healthcare

SCZ
6.1%
FYLD

-

Consumer Defensive

SCZ
4.8%
FYLD
7.5%

Communication Services

SCZ
3.6%
FYLD
4.9%

Energy

SCZ
3.3%
FYLD
25.1%

Utilities

SCZ
2.1%
FYLD
3.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI EAFE Small-Cap ETF

Cambria Foreign Shareholder Yield ETF

Often compared with SCZ:
SCZ vs. VSSSCZ vs. AVDVSCZ vs. IWMSCZ vs. IEFASCZ vs. VPLSCZ vs. IDEVSCZ vs. ISCF
Often compared with FYLD:
FYLD vs. ICOWFYLD vs. DIVIFYLD vs. PICKFYLD vs. SMCWXFYLD vs. IQDFFYLD vs. AVDVFYLD vs. JEPI

Return for Risk

SCZ vs. FYLD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
SCZ
SCZ Risk / Return Rank: 4848
Overall Rank
SCZ Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
SCZ Sortino Ratio Rank: 4848
Sortino Ratio Rank
SCZ Omega Ratio Rank: 4848
Omega Ratio Rank
SCZ Calmar Ratio Rank: 4444
Calmar Ratio Rank
SCZ Martin Ratio Rank: 5050
Martin Ratio Rank
FYLD
FYLD Risk / Return Rank: 9494
Overall Rank
FYLD Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
FYLD Sortino Ratio Rank: 9595
Sortino Ratio Rank
FYLD Omega Ratio Rank: 9393
Omega Ratio Rank
FYLD Calmar Ratio Rank: 9696
Calmar Ratio Rank
FYLD Martin Ratio Rank: 9494
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SCZ vs. FYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE Small-Cap ETF (SCZ) and Cambria Foreign Shareholder Yield ETF (FYLD). 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.

SCZFYLDDifference
Sharpe ratioReturn per unit of total volatility
1.37
2.96

-1.58

Sortino ratioReturn per unit of downside risk
1.98
4.07

-2.09

Omega ratioGain probability vs. loss probability

1.25

1.52

-0.27

Calmar ratioReturn relative to maximum drawdown

1.82

6.27

-4.45

Martin ratioReturn relative to average drawdown

6.62

19.10

-12.47

SCZ vs. FYLD - Sharpe Ratio Comparison

The current SCZ Sharpe Ratio is 1.37, which is lower than the FYLD Sharpe Ratio of 2.96. The chart below compares the historical Sharpe Ratios of SCZ and FYLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SCZ vs. FYLD - Drawdown Comparison

The maximum SCZ drawdown since its inception was -61.86%, which is greater than FYLD's maximum drawdown of -44.55%. Use the drawdown chart below to compare losses from any high point for SCZ and FYLD.

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Drawdown Indicators

SCZFYLDDifference

Max Drawdown

Largest peak-to-trough decline

-61.86%

-44.55%

-17.31%

Max Drawdown (1Y)

Largest decline over 1 year

-11.43%

-5.67%

-5.76%

Max Drawdown (3Y)

Largest decline over 3 years

-14.52%

-15.15%

+0.63%

Max Drawdown (5Y)

Largest decline over 5 years

-36.87%

-25.12%

-11.75%

Max Drawdown (10Y)

Largest decline over 10 years

-41.07%

-44.55%

+3.48%

Current Drawdown

Current decline from peak

0.00%

-0.55%

+0.55%

Average Drawdown

Average peak-to-trough decline

-12.96%

-8.74%

-4.22%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.14%

1.86%

+1.28%

Volatility

SCZ vs. FYLD - Volatility Comparison

iShares MSCI EAFE Small-Cap ETF (SCZ) has a higher volatility of 4.36% compared to Cambria Foreign Shareholder Yield ETF (FYLD) at 2.90%. This indicates that SCZ's price experiences larger fluctuations and is considered to be riskier than FYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SCZFYLDDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.36%

2.90%

+1.46%

Volatility (6M)

Calculated over the trailing 6-month period

13.04%

9.29%

+3.75%

Volatility (1Y)

Calculated over the trailing 1-year period

15.19%

12.03%

+3.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.84%

16.17%

+0.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.17%

17.75%

-0.58%

SCZ vs. FYLD - Expense Ratio Comparison

SCZ has a 0.40% expense ratio, which is lower than FYLD's 0.59% expense ratio.

Dividends

SCZ vs. FYLD - Dividend Comparison

SCZ's dividend yield for the trailing twelve months is around 3.10%, less than FYLD's 3.31% yield.

PositionTTM20252024202320222021202020192018201720162015
FYLD
Cambria Foreign Shareholder Yield ETF		3.31%4.07%5.41%6.06%6.13%4.74%3.94%3.73%5.17%2.85%2.72%3.98%
SCZ
iShares MSCI EAFE Small-Cap ETF		3.10%3.30%3.50%2.96%1.99%2.96%1.52%3.52%2.79%2.38%2.82%2.06%

Frequently Asked Questions

SCZ and FYLD have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SCZ has higher volatility (4.36%) compared to FYLD (2.90%). In terms of maximum drawdown, SCZ dropped -61.86% vs FYLD's -44.55%.

On 10-year performance, FYLD leads with 11.60% vs 8.46% for SCZ. On fees, SCZ is cheaper at 0.40% per year. On volatility, FYLD has been the lower-risk option at 2.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, FYLD has performed better with a 11.60% return vs 8.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SCZ is cheaper with a 0.40% expense ratio, compared with 0.59% for FYLD.

FYLD has the higher dividend yield at 3.31%, compared with 3.10% for SCZ.

They also come from different issuers: iShares and Cambria. Their fees differ too: 0.40% for SCZ and 0.59% for FYLD.

FYLD currently has the higher Sharpe Ratio (2.96 vs 1.37), 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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