TIVFX vs. HSCZ
Compare and contrast key facts about American Beacon Tocqueville International Value Fund (TIVFX) and iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ).
TIVFX is managed by American Beacon. It was launched on Aug 1, 1994. HSCZ is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Small-Cap 100% Hedged to USD Index. It was launched on Jun 29, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TIVFX or HSCZ.
Key characteristics
| TIVFX | HSCZ | |
|---|---|---|
| YTD Return | 6.12% | 10.83% |
| 1Y Return | 14.54% | 19.14% |
| 3Y Return (Ann) | -1.52% | 4.12% |
| 5Y Return (Ann) | 4.37% | 8.46% |
| Sharpe Ratio | 0.98 | 1.63 |
| Sortino Ratio | 1.39 | 2.19 |
| Omega Ratio | 1.18 | 1.30 |
| Calmar Ratio | 0.76 | 1.94 |
| Martin Ratio | 4.59 | 9.64 |
| Ulcer Index | 3.12% | 1.98% |
| Daily Std Dev | 14.59% | 11.74% |
| Max Drawdown | -54.18% | -34.89% |
| Current Drawdown | -7.12% | -2.67% |
Correlation
The correlation between TIVFX and HSCZ is 0.73, 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.
Performance
TIVFX vs. HSCZ - Performance Comparison
In the year-to-date period, TIVFX achieves a 6.12% return, which is significantly lower than HSCZ's 10.83% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TIVFX vs. HSCZ - Expense Ratio Comparison
TIVFX has a 1.20% expense ratio, which is higher than HSCZ's 0.43% expense ratio.
Risk-Adjusted Performance
TIVFX vs. HSCZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Beacon Tocqueville International Value Fund (TIVFX) 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.
Dividends
TIVFX vs. HSCZ - Dividend Comparison
TIVFX's dividend yield for the trailing twelve months is around 1.56%, less than HSCZ's 2.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIVFX American Beacon Tocqueville International Value Fund | 1.56% | 1.66% | 1.39% | 3.65% | 0.33% | 1.69% | 1.37% | 0.96% | 1.01% | 1.76% | 2.39% | 1.50% |
HSCZ iShares Currency Hedged MSCI EAFE Small Cap ETF | 2.56% | 2.98% | 26.91% | 2.90% | 1.46% | 4.51% | 6.15% | 2.52% | 2.57% | 1.75% | 0.00% | 0.00% |
Drawdowns
TIVFX vs. HSCZ - Drawdown Comparison
The maximum TIVFX drawdown since its inception was -54.18%, which is greater than HSCZ's maximum drawdown of -34.89%. Use the drawdown chart below to compare losses from any high point for TIVFX and HSCZ. For additional features, visit the drawdowns tool.
Volatility
TIVFX vs. HSCZ - Volatility Comparison
American Beacon Tocqueville International Value Fund (TIVFX) and iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) have volatilities of 2.64% and 2.74%, 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.