PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
SCZ vs. IDEV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SCZ vs. IDEV

Last updated Jun 23, 2026

SCZ (iShares MSCI EAFE Small-Cap ETF) and IDEV (iShares Core MSCI International Developed Markets ETF) are both exchange-traded funds - SCZ is a Foreign Small & Mid Cap Equities fund tracking the MSCI EAFE Small Cap Index, while IDEV is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Investable Market Index. Both are passively managed. Over the past 5 years, SCZ returned 5.65%/yr vs 9.19%/yr for IDEV. Their correlation of 0.95 suggests significant overlap in exposure. SCZ charges 0.40%/yr vs 0.05%/yr for IDEV.

Performance

SCZ vs. IDEV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI EAFE Small-Cap ETF (SCZ) and iShares Core MSCI International Developed Markets ETF (IDEV). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, SCZ achieves a 9.50% return, which is significantly lower than IDEV's 10.38% return.

SCZ

1D
0.16%
1M
-0.31%
YTD
9.50%
6M
9.97%
1Y
24.34%
3Y*
16.72%
5Y*
5.65%
10Y*
8.92%

IDEV

1D
0.15%
1M
1.58%
YTD
10.38%
6M
10.58%
1Y
26.25%
3Y*
18.20%
5Y*
9.19%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SCZ vs. IDEV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SCZ
iShares MSCI EAFE Small-Cap ETF		9.50%32.08%1.52%12.98%-21.27%10.12%11.71%24.68%-17.64%22.83%
IDEV
iShares Core MSCI International Developed Markets ETF		10.38%32.56%4.54%17.36%-14.99%13.00%8.32%23.12%-14.10%17.43%

Correlation

The correlation between SCZ and IDEV is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.94

Correlation (3Y)
Calculated over the trailing 3-year period

0.94

Correlation (5Y)
Calculated over the trailing 5-year period

0.96

Correlation (All Time)
Calculated using the full available price history since Mar 23, 2017

0.95

The correlation between SCZ and IDEV has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

SCZ vs. IDEV - Sectors Allocation Comparison

Sectors
SCZ
IDEV

Industrials

24.2%
18.8%

Financial Services

12.5%
24.0%

Consumer Cyclical

12.3%
7.7%

Technology

10.8%
11.1%

Basic Materials

10.2%
8.3%

Real Estate

9.9%
2.7%

Healthcare

5.9%
8.5%

Consumer Defensive

4.7%
5.8%

Communication Services

3.8%
4.3%

Energy

3.5%
5.4%

Utilities

2.2%
3.4%

Industrials

SCZ
24.2%
IDEV
18.8%

Financial Services

SCZ
12.5%
IDEV
24.0%

Consumer Cyclical

SCZ
12.3%
IDEV
7.7%

Technology

SCZ
10.8%
IDEV
11.1%

Basic Materials

SCZ
10.2%
IDEV
8.3%

Real Estate

SCZ
9.9%
IDEV
2.7%

Healthcare

SCZ
5.9%
IDEV
8.5%

Consumer Defensive

SCZ
4.7%
IDEV
5.8%

Communication Services

SCZ
3.8%
IDEV
4.3%

Energy

SCZ
3.5%
IDEV
5.4%

Utilities

SCZ
2.2%
IDEV
3.4%

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

iShares Core MSCI International Developed Markets ETF

Often compared with SCZ:
SCZ vs. VSSSCZ vs. AVDVSCZ vs. IWMSCZ vs. IEFASCZ vs. VPLSCZ vs. ISCFSCZ vs. VOO
Often compared with IDEV:
IDEV vs. VYMIIDEV vs. VEAIDEV vs. IEFAIDEV vs. IXUSIDEV vs. SCHFIDEV vs. FDEVIDEV vs. VOO

Return for Risk

SCZ vs. IDEV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SCZ
SCZ Risk / Return Rank: 4848
Overall Rank
SCZ Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
SCZ Sortino Ratio Rank: 4949
Sortino Ratio Rank
SCZ Omega Ratio Rank: 4949
Omega Ratio Rank
SCZ Calmar Ratio Rank: 4444
Calmar Ratio Rank
SCZ Martin Ratio Rank: 4949
Martin Ratio Rank
IDEV
IDEV Risk / Return Rank: 5252
Overall Rank
IDEV Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
IDEV Sortino Ratio Rank: 5353
Sortino Ratio Rank
IDEV Omega Ratio Rank: 5252
Omega Ratio Rank
IDEV Calmar Ratio Rank: 4949
Calmar Ratio Rank
IDEV Martin Ratio Rank: 5555
Martin Ratio Rank
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.

SCZ vs. IDEV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE Small-Cap ETF (SCZ) and iShares Core MSCI International Developed Markets ETF (IDEV). 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.

SCZIDEVDifference
Sharpe ratioReturn per unit of total volatility
1.65
1.76

-0.12

Sortino ratioReturn per unit of downside risk
2.34
2.48

-0.14

Omega ratioGain probability vs. loss probability

1.30

1.32

-0.02

Calmar ratioReturn relative to maximum drawdown

2.14

2.35

-0.22

Martin ratioReturn relative to average drawdown

8.07

9.21

-1.14

SCZ vs. IDEV - Sharpe Ratio Comparison

The current SCZ Sharpe Ratio is 1.65, which is comparable to the IDEV Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of SCZ and IDEV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

SCZ vs. IDEV - Drawdown Comparison

The maximum SCZ drawdown since its inception was -61.86%, which is greater than IDEV's maximum drawdown of -34.77%. Use the drawdown chart below to compare losses from any high point for SCZ and IDEV.

Loading charts...

Drawdown Indicators

SCZIDEVDifference

Max Drawdown

Largest peak-to-trough decline

-61.86%

-34.77%

-27.09%

Max Drawdown (1Y)

Largest decline over 1 year

-11.43%

-11.20%

-0.23%

Max Drawdown (3Y)

Largest decline over 3 years

-15.06%

-13.41%

-1.65%

Max Drawdown (5Y)

Largest decline over 5 years

-36.87%

-29.15%

-7.72%

Max Drawdown (10Y)

Largest decline over 10 years

-41.07%

—

—

Current Drawdown

Current decline from peak

-1.84%

-0.13%

-1.71%

Average Drawdown

Average peak-to-trough decline

-13.03%

-6.53%

-6.50%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.02%

2.86%

+0.16%

Volatility

SCZ vs. IDEV - Volatility Comparison

iShares MSCI EAFE Small-Cap ETF (SCZ) and iShares Core MSCI International Developed Markets ETF (IDEV) have volatilities of 4.73% and 4.70%, 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.

Loading charts...

Volatility by Period

SCZIDEVDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.73%

4.70%

+0.03%

Volatility (6M)

Calculated over the trailing 6-month period

12.53%

12.69%

-0.16%

Volatility (1Y)

Calculated over the trailing 1-year period

14.89%

14.97%

-0.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.79%

16.33%

+0.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.40%

17.28%

+0.12%

SCZ vs. IDEV - Expense Ratio Comparison

SCZ has a 0.40% expense ratio, which is higher than IDEV's 0.05% expense ratio.

Dividends

SCZ vs. IDEV - Dividend Comparison

SCZ's dividend yield for the trailing twelve months is around 3.19%, which matches IDEV's 3.20% yield.

PositionTTM20252024202320222021202020192018201720162015
IDEV
iShares Core MSCI International Developed Markets ETF		3.20%3.40%3.30%3.07%2.69%3.05%2.00%3.18%3.16%1.54%0.00%0.00%
SCZ
iShares MSCI EAFE Small-Cap ETF		3.19%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

With a correlation of 0.94, SCZ and IDEV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

SCZ has higher volatility (4.73%) compared to IDEV (4.70%). In terms of maximum drawdown, SCZ dropped -61.86% vs IDEV's -34.77%.

On 5-year performance, IDEV leads with 9.19% vs 5.65% for SCZ. On fees, IDEV is cheaper at 0.05% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, IDEV has performed better with a 9.19% return vs 5.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IDEV is cheaper with a 0.05% expense ratio, compared with 0.40% for SCZ.

IDEV has the higher dividend yield at 3.20%, compared with 3.19% for SCZ.

SCZ is categorized as Foreign Small & Mid Cap Equities, while IDEV is Foreign Large Cap Equities. SCZ tracks MSCI EAFE Small Cap Index, while IDEV tracks MSCI World ex USA Investable Market Index. Their fees differ too: 0.40% for SCZ and 0.05% for IDEV.

IDEV currently has the higher Sharpe Ratio (1.76 vs 1.65), 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.

Portfolio Optimizer

Find the right allocation for SCZ and IDEV

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer