HSCZ vs IVV
HSCZ vs IVV
iShares Currency Hedged MSCI EAFE Small-Cap ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. HSCZ delivered stronger 1-year returns. HSCZ offers more diversification with 1664 holdings.
Side-by-Side Comparison
| Metric | HSCZ | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.43% | 0.03% | |
| AUM | $241M | $865.2B | |
| Dividend Yield | 2.95% | 1.09% | |
| Holdings | 2,184 | 508 | |
| YTD Return | +12.32% | +13.52% | |
| 1Y Return | +23.86% | +23.63% | |
| 3Y Return (annualized) | +18.84% | +21.26% | |
| 5Y Return (annualized) | +11.08% | +13.52% | |
| Volatility (annualized) | 13.8% | 15.1% | |
| Max Drawdown | -37.1% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jun 29, 2015 | May 15, 2000 |
HSCZ vs IVV Performance
iShares Currency Hedged MSCI EAFE Small-Cap ETF (HSCZ) is a ETF from iShares by BlackRock (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HSCZ returned +23.86% while IVV returned +23.63%. Year to date, HSCZ is up 12.32% versus a gain of 13.52% for IVV.
Over three years, HSCZ compounded at +18.84% per year against +21.26% for IVV; over five years the annualized figures are +11.08% and +13.52% respectively. Across the full 11-year window we track, HSCZ has the edge at +8.75% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 13.8% for HSCZ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -37.1% for HSCZ and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HSCZ charges 0.43% per year while IVV charges 0.03%. On a $10,000 position that is $43 vs $3 annually, a gap of $40 per year that compounds over a long holding period. On income, HSCZ currently yields 2.95% against 1.09% for IVV.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, HSCZ or IVV?
HSCZ has an expense ratio of 0.43% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $40 per year of difference.
Which performed better, HSCZ or IVV?
Over the past year HSCZ returned +23.86% vs +23.63% for IVV, so HSCZ leads on 1-year performance. Over the longest common window we track (11 years), HSCZ annualized +8.75% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, HSCZ or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 13.8% for HSCZ. Worst drawdown: HSCZ -37.1% vs IVV -56.5%.
Should I hold both HSCZ and IVV?
HSCZ and IVV have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HSCZ and IVV?
HSCZ and IVV share 2 common holdings with a 0.1% weight overlap. Combined, they hold 2167 unique securities.
Which pays a higher dividend, HSCZ or IVV?
HSCZ yields 2.95% while IVV yields 1.09%, so HSCZ currently pays the higher dividend yield.
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