SCZ vs. IEFA
Compare and contrast key facts about iShares MSCI EAFE Small-Cap ETF (SCZ) and iShares Core MSCI EAFE ETF (IEFA).
SCZ and IEFA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. IEFA is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Investable Market Index. It was launched on Oct 18, 2012. Both SCZ and IEFA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SCZ or IEFA.
Performance
SCZ vs. IEFA - Performance Comparison
Returns By Period
In the year-to-date period, SCZ achieves a 1.77% return, which is significantly lower than IEFA's 4.45% return. Both investments have delivered pretty close results over the past 10 years, with SCZ having a 5.35% annualized return and IEFA not far behind at 5.31%.
SCZ
1.77%
-5.32%
-2.30%
11.72%
3.13%
5.35%
IEFA
4.45%
-5.45%
-3.12%
11.23%
5.39%
5.31%
Key characteristics
| SCZ | IEFA | |
|---|---|---|
| Sharpe Ratio | 0.79 | 0.99 |
| Sortino Ratio | 1.17 | 1.44 |
| Omega Ratio | 1.14 | 1.17 |
| Calmar Ratio | 0.46 | 1.46 |
| Martin Ratio | 3.75 | 4.73 |
| Ulcer Index | 2.91% | 2.70% |
| Daily Std Dev | 13.89% | 12.82% |
| Max Drawdown | -61.86% | -34.78% |
| Current Drawdown | -14.64% | -8.30% |
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SCZ vs. IEFA - Expense Ratio Comparison
SCZ has a 0.40% expense ratio, which is higher than IEFA's 0.07% expense ratio.
Correlation
The correlation between SCZ and IEFA is 0.95, 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.
Risk-Adjusted Performance
SCZ vs. IEFA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE Small-Cap ETF (SCZ) and iShares Core MSCI EAFE ETF (IEFA). 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.
Dividends
SCZ vs. IEFA - Dividend Comparison
SCZ's dividend yield for the trailing twelve months is around 2.78%, less than IEFA's 3.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCZ iShares MSCI EAFE Small-Cap ETF | 2.78% | 2.95% | 1.99% | 2.96% | 1.52% | 3.51% | 2.79% | 2.38% | 2.82% | 2.06% | 2.61% | 2.40% |
IEFA iShares Core MSCI EAFE ETF | 3.15% | 3.20% | 2.70% | 3.32% | 1.90% | 3.18% | 3.46% | 2.57% | 2.96% | 2.63% | 3.10% | 2.16% |
Drawdowns
SCZ vs. IEFA - Drawdown Comparison
The maximum SCZ drawdown since its inception was -61.86%, which is greater than IEFA's maximum drawdown of -34.78%. Use the drawdown chart below to compare losses from any high point for SCZ and IEFA. For additional features, visit the drawdowns tool.
Volatility
SCZ vs. IEFA - Volatility Comparison
iShares MSCI EAFE Small-Cap ETF (SCZ) and iShares Core MSCI EAFE ETF (IEFA) have volatilities of 3.93% and 3.94%, 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.