HSCZ vs VOO
HSCZ vs VOO
iShares Currency Hedged MSCI EAFE Small-Cap ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. HSCZ delivered stronger 1-year returns. HSCZ offers more diversification with 1664 holdings.
Side-by-Side Comparison
| Metric | HSCZ | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.43% | 0.03% | |
| AUM | $241M | $979.0B | |
| Dividend Yield | 2.95% | 1.09% | |
| Holdings | 2,184 | 509 | |
| YTD Return | +10.76% | +11.51% | |
| 1Y Return | +22.14% | +21.46% | |
| 3Y Return (annualized) | +18.49% | +20.86% | |
| 5Y Return (annualized) | +10.72% | +13.01% | |
| Volatility (annualized) | 13.8% | 14.1% | |
| Max Drawdown | -37.1% | -34.3% | |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 29, 2015 | Sep 7, 2010 |
HSCZ vs VOO Performance
iShares Currency Hedged MSCI EAFE Small-Cap ETF (HSCZ) is a ETF from iShares by BlackRock (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year HSCZ returned +22.14% while VOO returned +21.46%. Year to date, HSCZ is up 10.76% versus a gain of 11.51% for VOO.
Over three years, HSCZ compounded at +18.49% per year against +20.86% for VOO; over five years the annualized figures are +10.72% and +13.01% respectively. Across the full 11-year window we track, VOO has the edge at +13.44% annualized vs +8.62%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -34.3% for VOO. 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 VOO 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 VOO.
Holdings Overlap
HSCZ and VOO share 1 holdings out of 2168 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in HSCZ | Weight in VOO | Difference |
|---|---|---|---|
| RF | 0.05% | 0.04% | 0.01% |
Frequently Asked Questions
Which is cheaper, HSCZ or VOO?
HSCZ has an expense ratio of 0.43% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $40 per year of difference.
Which performed better, HSCZ or VOO?
Over the past year HSCZ returned +22.14% vs +21.46% for VOO, so HSCZ leads on 1-year performance. Over the longest common window we track (11 years), HSCZ annualized +8.62% vs +13.44% for VOO. Past performance does not guarantee future results.
Which is riskier, HSCZ or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 13.8% for HSCZ. Worst drawdown: HSCZ -37.1% vs VOO -34.3%.
Should I hold both HSCZ and VOO?
HSCZ and VOO 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 VOO?
HSCZ and VOO share 1 common holdings with a 0.0% weight overlap. Combined, they hold 2168 unique securities.
Which pays a higher dividend, HSCZ or VOO?
HSCZ yields 2.95% while VOO yields 1.09%, so HSCZ currently pays the higher dividend yield.
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