HSCZ vs SPY
Comparison between ISHARES CURRENCY HEDGED MSCI EAFE SMALL-CAP ETF (HSCZ, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed HSCZ, delivering a return of +13.3% compared to +10.7%
HSCZ vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
HSCZ
$208M
Winner
SPY
$735B
Expense Ratio
HSCZ
0.43%
Winner
SPY
0.09%
Max Drawdown
Winner
HSCZ
37.11%
SPY
56.47%
Sharpe Ratio
Winner
HSCZ
1.85
SPY
1.62
5Y Beta
Winner
HSCZ
0.66
SPY
1.00
P/E Ratio
HSCZ
N/A
SPY
28.99
Forward P/E
HSCZ
N/A
SPY
22.37
5Y Dividends CAGR
Winner
HSCZ
7.51%
SPY
5.43%
5Y EPS CAGR
HSCZ
N/A
SPY
26.05%
Debt to Equity
HSCZ
N/A
SPY
32.40%
P/S Ratio
HSCZ
N/A
SPY
3.74
P/B Ratio
HSCZ
N/A
SPY
5.61
HSCZ vs SPY - Holdings Comparison
HSCZ and SPY have 1 common holdings. Overlap is -36.15%
HSCZ's top 25 holdings weight is 175.99%. SPY's top 25 holdings weight is 52.37%.
| Rank | HSCZ | SPY |
|---|---|---|
| #1 | ISHARES MSCI EAFE SMALL-CAP ETF (SCZ) - 99.11% | NVIDIA CORP (NVDA) - 8.10% |
| #2 | JPY/USD PURCHASED (n/a) - 36.13% | APPLE INC (AAPL) - 7.02% |
| #3 | EUR/USD PURCHASED (n/a) - 17.33% | MICROSOFT CORP (MSFT) - 4.79% |
| #4 | GBP/USD PURCHASED (n/a) - 11.98% | AMAZON.COM INC (AMZN) - 4.02% |
| #5 | AUD/USD PURCHASED (n/a) - 10.52% | ALPHABET INC CLASS A (GOOGL) - 3.51% |
| #6 | SEK/USD PURCHASED (n/a) - 4.69% | BROADCOM INC (AVGO) - 3.10% |
| #7 | ILS/USD PURCHASED (n/a) - 4.55% | ALPHABET INC CLASS C (GOOG) - 2.79% |
| #8 | CHF/USD PURCHASED (n/a) - 4.36% | META PLATFORMS INC CLASS A (META) - 2.08% |
| #9 | NOK/USD PURCHASED (n/a) - 2.45% | TESLA INC (TSLA) - 1.89% |
| #10 | SGD/USD PURCHASED (n/a) - 2.07% | MICRON TECHNOLOGY INC (MU) - 1.56% |
| #11 | DKK/USD PURCHASED (n/a) - 1.84% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37% |
| #12 | HKD/USD PURCHASED (n/a) - 1.71% | ELI LILLY AND CO (LLY) - 1.31% |
| #13 | CASH OFFSET (n/a) - 0.87% | JPMORGAN CHASE & CO (JPM) - 1.28% |
| #14 | NZD/USD PURCHASED (n/a) - 0.37% | ADVANCED MICRO DEVICES INC (AMD) - 1.27% |
| #15 | BLACKROCK CASH FUNDS TREASURY SL AGENCY (n/a) - 0.05% | EXXON MOBIL CORP (XOM) - 0.97% |
| #16 | USD CASH (n/a) - 0.00% | INTEL CORP (INTC) - 0.90% |
| #17 | CHF CASH (n/a) - 0.00% | JOHNSON & JOHNSON (JNJ) - 0.86% |
| #18 | NZD/USD SOLD (n/a) - -0.37% | VISA INC CLASS A (V) - 0.85% |
| #19 | HKD/USD SOLD (n/a) - -1.71% | WALMART INC (WMT) - 0.81% |
| #20 | DKK/USD SOLD (n/a) - -1.84% | CISCO SYSTEMS INC (CSCO) - 0.72% |
| #21 | SGD/USD SOLD (n/a) - -2.07% | COSTCO WHOLESALE CORP (COST) - 0.69% |
| #22 | NOK/USD SOLD (n/a) - -2.45% | CATERPILLAR INC (CAT) - 0.66% |
| #23 | CHF/USD SOLD (n/a) - -4.36% | MASTERCARD INC CLASS A (MA) - 0.62% |
| #24 | ILS/USD SOLD (n/a) - -4.55% | LAM RESEARCH CORP (LRCX) - 0.62% |
| #25 | SEK/USD SOLD (n/a) - -4.69% | ABBVIE INC (ABBV) - 0.58% |
| Total Holdings | 29 | 505 |
HSCZ vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
HSCZ
+1.59%
Winner
SPY
+1.90%
3M
HSCZ
+4.18%
Winner
SPY
+8.55%
6M
Winner
HSCZ
+11.75%
SPY
+8.18%
1Y
Winner
HSCZ
+27.01%
SPY
+25.79%
5Y(CAGR)
HSCZ
+10.72%
Winner
SPY
+13.32%
10Y(CAGR)
HSCZ
+11.54%
Winner
SPY
+15.19%
Max(CAGR)
Winner
HSCZ
+10.47%
SPY
+8.47%
HSCZ vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | HSCZ | SPY |
|---|---|---|
| 2026 | +8.71% | +8.26% |
| 2025 | +25.75% | +18.00% |
| 2024 | +13.38% | +25.59% |
| 2023 | +15.69% | +26.72% |
| 2022 | -12.14% | -18.64% |
| 2021 | +17.57% | +30.52% |
| 2020 | +5.21% | +17.28% |
| 2019 | +27.16% | +31.09% |
| 2018 | -13.89% | -5.24% |
| 2017 | +23.03% | +20.78% |
| 2016 | +8.91% | +13.59% |
| 2015 | +0.28% | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
HSCZ vs SPY Drawdown Comparison
The maximum drawdown for HSCZ was -34.89%, occurring on Mar 16, 2020. Recovery took 198 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current HSCZ drawdown is -2.10%. The current SPY drawdown is -2.90%.
| Rank | HSCZ | SPY |
|---|---|---|
| #1 | -34.89% Feb 12, 2020 - Nov 23, 2020 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -20.59% May 22, 2018 - Nov 1, 2019 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -20.10% Sep 7, 2021 - Dec 19, 2023 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -17.04% Jul 20, 2015 - Oct 7, 2016 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -12.81% Mar 19, 2025 - May 8, 2025 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -9.83% Jul 16, 2024 - Sep 26, 2024 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -9.61% Feb 27, 2026 - Apr 17, 2026 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -7.84% Jan 23, 2018 - May 10, 2018 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -4.24% Jan 17, 2020 - Feb 12, 2020 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -3.96% Apr 16, 2021 - Jun 1, 2021 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -3.64% Feb 18, 2025 - Mar 17, 2025 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -3.54% Jul 12, 2021 - Jul 23, 2021 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -3.48% Oct 27, 2025 - Nov 28, 2025 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -3.36% Apr 17, 2026 - May 11, 2026 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -3.16% Nov 8, 2017 - Dec 18, 2017 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between HSCZ and SPY is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
Dividend Comparison (1999 - 2026)
HSCZ vs SPY dividend yield comparison.
| Year | HSCZ | SPY |
|---|---|---|
| 2026 | 0.00% | 0.24% |
| 2025 | 3.25% | 1.07% |
| 2024 | 3.26% | 1.21% |
| 2023 | 2.98% | 1.40% |
| 2022 | 26.91% | 1.65% |
| 2021 | 2.90% | 1.20% |
| 2020 | 1.46% | 1.52% |
| 2019 | 4.66% | 1.75% |
| 2018 | 6.15% | 2.04% |
| 2017 | 2.52% | 1.80% |
| 2016 | 2.57% | 2.03% |
| 2015 | 1.75% | 2.06% |
| 2014 | 0.00% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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