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.
Performance
TIVFX vs. HSCZ - Performance Comparison
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TIVFX vs. HSCZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIVFX American Beacon Tocqueville International Value Fund | 10.36% | 36.15% | 3.73% | 15.43% | -20.57% | 7.53% | 12.61% | 19.38% | -19.87% | 24.18% |
HSCZ iShares Currency Hedged MSCI EAFE Small Cap ETF | 1.96% | 25.74% | 12.89% | 17.03% | -11.46% | 17.75% | 6.40% | 27.89% | -13.99% | 24.52% |
Returns By Period
In the year-to-date period, TIVFX achieves a 10.36% return, which is significantly higher than HSCZ's 1.96% return. Over the past 10 years, TIVFX has underperformed HSCZ with an annualized return of 7.91%, while HSCZ has yielded a comparatively higher 11.13% annualized return.
TIVFX
- 1D
- -0.23%
- 1M
- -11.69%
- YTD
- 10.36%
- 6M
- 14.86%
- 1Y
- 58.24%
- 3Y*
- 18.41%
- 5Y*
- 8.01%
- 10Y*
- 7.91%
HSCZ
- 1D
- 2.14%
- 1M
- -6.61%
- YTD
- 1.96%
- 6M
- 7.54%
- 1Y
- 27.45%
- 3Y*
- 16.89%
- 5Y*
- 9.84%
- 10Y*
- 11.13%
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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.
Return for Risk
TIVFX vs. HSCZ — Risk / Return Rank
TIVFX
HSCZ
TIVFX vs. HSCZ - Risk-Adjusted Trends 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.
| TIVFX | HSCZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.87 | 1.92 | +0.95 |
Sortino ratioReturn per unit of downside risk | 3.32 | 2.62 | +0.69 |
Omega ratioGain probability vs. loss probability | 1.51 | 1.41 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 4.00 | 2.61 | +1.39 |
Martin ratioReturn relative to average drawdown | 16.63 | 10.63 | +6.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TIVFX | HSCZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.87 | 1.92 | +0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.74 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.71 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.62 | -0.26 |
Correlation
The correlation between TIVFX and HSCZ is 0.71, 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.
Dividends
TIVFX vs. HSCZ - Dividend Comparison
TIVFX's dividend yield for the trailing twelve months is around 7.99%, more than HSCZ's 3.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIVFX American Beacon Tocqueville International Value Fund | 7.99% | 8.82% | 10.23% | 1.66% | 1.39% | 3.65% | 0.34% | 1.69% | 1.37% | 1.28% | 1.57% | 3.01% |
HSCZ iShares Currency Hedged MSCI EAFE Small Cap ETF | 3.19% | 3.25% | 3.26% | 2.98% | 26.91% | 2.90% | 1.46% | 4.66% | 6.15% | 2.52% | 2.57% | 1.75% |
Drawdowns
TIVFX vs. HSCZ - Drawdown Comparison
The maximum TIVFX drawdown since its inception was -54.21%, 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.
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Drawdown Indicators
| TIVFX | HSCZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.21% | -34.89% | -19.32% |
Max Drawdown (1Y)Largest decline over 1 year | -13.21% | -9.88% | -3.33% |
Max Drawdown (5Y)Largest decline over 5 years | -36.31% | -20.11% | -16.20% |
Max Drawdown (10Y)Largest decline over 10 years | -41.51% | -34.89% | -6.62% |
Current DrawdownCurrent decline from peak | -11.69% | -6.61% | -5.08% |
Average DrawdownAverage peak-to-trough decline | -13.45% | -4.70% | -8.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 2.44% | +0.78% |
Volatility
TIVFX vs. HSCZ - Volatility Comparison
American Beacon Tocqueville International Value Fund (TIVFX) has a higher volatility of 7.61% compared to iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) at 5.41%. This indicates that TIVFX's price experiences larger fluctuations and is considered to be riskier than HSCZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIVFX | HSCZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.61% | 5.41% | +2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 14.01% | 8.49% | +5.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.67% | 14.44% | +5.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.20% | 13.37% | +4.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.39% | 15.65% | +1.74% |