VIISX vs. HSCZ
Compare and contrast key facts about Virtus KAR International Small-Mid Cap Fund (VIISX) and iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ).
VIISX is managed by Virtus. It was launched on Sep 4, 2012. 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
VIISX vs. HSCZ - Performance Comparison
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VIISX vs. HSCZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIISX Virtus KAR International Small-Mid Cap Fund | -8.80% | 14.30% | 4.06% | 22.36% | -34.42% | 5.84% | 24.38% | 27.62% | -6.81% | 28.48% |
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, VIISX achieves a -8.80% return, which is significantly lower than HSCZ's 1.96% return. Over the past 10 years, VIISX has underperformed HSCZ with an annualized return of 7.50%, while HSCZ has yielded a comparatively higher 11.13% annualized return.
VIISX
- 1D
- -0.21%
- 1M
- -11.13%
- YTD
- -8.80%
- 6M
- -10.48%
- 1Y
- -2.45%
- 3Y*
- 7.01%
- 5Y*
- -1.71%
- 10Y*
- 7.50%
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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VIISX vs. HSCZ - Expense Ratio Comparison
VIISX has a 1.19% expense ratio, which is higher than HSCZ's 0.43% expense ratio.
Return for Risk
VIISX vs. HSCZ — Risk / Return Rank
VIISX
HSCZ
VIISX vs. HSCZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus KAR International Small-Mid Cap Fund (VIISX) 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.
| VIISX | HSCZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.25 | 1.92 | -2.17 |
Sortino ratioReturn per unit of downside risk | -0.25 | 2.62 | -2.87 |
Omega ratioGain probability vs. loss probability | 0.97 | 1.41 | -0.44 |
Calmar ratioReturn relative to maximum drawdown | -0.29 | 2.61 | -2.90 |
Martin ratioReturn relative to average drawdown | -0.73 | 10.63 | -11.36 |
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
| VIISX | HSCZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.25 | 1.92 | -2.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | 0.74 | -0.85 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.71 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.62 | -0.09 |
Correlation
The correlation between VIISX and HSCZ is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
VIISX vs. HSCZ - Dividend Comparison
VIISX's dividend yield for the trailing twelve months is around 4.08%, more than HSCZ's 3.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIISX Virtus KAR International Small-Mid Cap Fund | 4.08% | 3.72% | 1.94% | 0.00% | 0.00% | 8.43% | 1.16% | 1.98% | 1.42% | 1.82% | 2.75% | 3.43% |
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
VIISX vs. HSCZ - Drawdown Comparison
The maximum VIISX drawdown since its inception was -50.31%, which is greater than HSCZ's maximum drawdown of -34.89%. Use the drawdown chart below to compare losses from any high point for VIISX and HSCZ.
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Drawdown Indicators
| VIISX | HSCZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.31% | -34.89% | -15.42% |
Max Drawdown (1Y)Largest decline over 1 year | -14.94% | -9.88% | -5.06% |
Max Drawdown (5Y)Largest decline over 5 years | -50.31% | -20.11% | -30.20% |
Max Drawdown (10Y)Largest decline over 10 years | -50.31% | -34.89% | -15.42% |
Current DrawdownCurrent decline from peak | -19.71% | -6.61% | -13.10% |
Average DrawdownAverage peak-to-trough decline | -11.24% | -4.70% | -6.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.84% | 2.44% | +3.40% |
Volatility
VIISX vs. HSCZ - Volatility Comparison
The current volatility for Virtus KAR International Small-Mid Cap Fund (VIISX) is 5.02%, while iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) has a volatility of 5.41%. This indicates that VIISX experiences smaller price fluctuations and is considered to be less risky 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
| VIISX | HSCZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.02% | 5.41% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 8.59% | 8.49% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.85% | 14.44% | -0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.06% | 13.37% | +2.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.33% | 15.65% | -0.32% |