iShares Currency Hedged MSCI EAFE Small-Cap ETF
$43.34+0.03 (+0.07%)
- 0.83%
- $259M
- +19.5%
- 3.09%
- 0M sh
- $43.30
- low $37.44high $44.42
The ETF.net HSCZ Grade
C
Score 46 out of 100
- 12 of 16
Score 46 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F7 out of 100Rank 15 of 16Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A84 out of 100Rank 1 of 16Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B64 out of 100Rank 4 of 16Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A77 out of 100Rank 4 of 16Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B59 out of 100Rank 7 of 16
Our read on HSCZ
CThe hedged twin of the standard EAFE small-cap fund: the same universe of smaller companies in developed markets outside the US and Canada, with the currency swing dialed out by tracking a 100% hedged-to-USD index.
The fund seeks to track an index of small-cap equities in international markets excluding the United States and Canada, while reducing the effect of currency fluctuations.
Why people hold it
- Tracks the MSCI EAFE Small Cap 100% Hedged to USD Index, so the euro, yen and pound drive less of the result and the underlying businesses drive more.ishares.com
- Currency hedging is everywhere in large-cap international funds and scarce down in small caps. This is BlackRock's version of that rarer combination.ishares.com
- Broad, rules-based index exposure across developed markets outside the US and Canada, diversified rather than concentrated, and running under iShares since 2015.
Worth knowing
- Hedging is not free. The expense ratio sits well above the median for international small-cap funds, and above its own unhedged sibling SCZ.
- The hedge cuts both ways. When the dollar weakens, unhedged peers such as SCZ and VSS collect that currency tailwind and this fund, by design, does not.
- A smaller, thinly traded fund next to the giants of its category, so bid-ask spreads can be wider and limit orders matter more.
HSCZ Holdings
- Stocks
- 2,037
- 3%
- Jpy/Usd
Geography
- Japan37.93%
- United Kingdom10.89%
- Australia10.49%
- Sweden4.83%
- Israel4.25%
- Switzerland4.16%
- Germany3.74%
- France3.49%
- 20.21%
Developed 94% · Emerging 6%
HSCZ Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
HSCZ$11,951
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | HSCZ |
|---|---|
| Year to date | +12.8% |
| 1 month | +0.4% |
| 3 months | +0.9% |
| 1 year | +19.5% |
| 3 years | +20.0% |
| 5 years | +11.2% |
| 10 years | +11.5% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | HSCZ |
|---|---|---|
| 2026 YTD | +12.8% | |
| 2025 | +25.7% | |
| 2024 | +12.9% | |
| 2023 | +17.0% | |
| 2022 | −11.5% | |
| 2021 | +17.8% | |
| 2020 | +6.4% |
HSCZ in the news
HSCZ Dividends
- 3.09%
- $1.34
- $0.57 per share
- Twice a year
Distribution history
HSCZ Risk
- 9.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.46
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −19.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.60
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
HSCZ Cost
0.83%
HSCZ0.83%
- The middle half of International Small-Cap funds
- Median 0.44%
14 of the 16 International Small-Cap funds charge less.
Other funds in International Small-Cap
- CDFEWisdomTree Europe SmallCap Dividend FundExpense ratio 0.58%1 year return +9.8%
- CDDLSWisdomTree Dynamic International SmallCap Equity ETFExpense ratio 0.48%1 year return +12.9%
- DTISCThrivent International Small Cap ETFExpense ratio 0.55%1 year return —
- DAZTDAztlan Global Stock Selection Dm SMID ETFExpense ratio 0.75%1 year return +14.2%
- FFDTSFirst Trust Developed Markets ex-US Small Cap AlphaDEX FundExpense ratio 0.80%1 year return +33.3%