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HSCZ

GradeCNew York Stock Exchange Arca

iShares Currency Hedged MSCI EAFE Small-Cap ETF

Broad Stock Market · IShares · Inception 2015-06-28 · SEC filings

$43.70−0.43 (−0.99%)

As of Sep 23, 2026, 2:19 PM EDT

Intraday session: down, 18 prints from 44.14 to 43.70. Range 43.55 to 43.83. Use the arrow keys to read each point.$43.60$43.8010 AM12 PM2 PM4 PM
Expense ratio
0.83%
Fund size
$261M
1Y return
+21.0%
Yield · Last 12 months
3.04%
Volume · 30D
0M sh
NAV per share
$43.77
52W range
low $37.34high $44.42

The ETF.net HSCZ Grade

C

47/ 100

Rank 13 of 16 in International Small-Cap⁠

Confidence Medium

Six-pillar profile for HSCZ. Scores out of 100: Cost 7, Risk 88, Mission not scored, Tradability 62, Holdings 79, Durability 59. Strongest: Risk (88). Weakest: Cost (7). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 47 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 7
    Category rank15/16 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 88
    Category rank1/16 · top 6%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 62
    Category rank6/16 · top 38%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 79
    Category rank4/16 · top 25%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 59
    Category rank7/16 · top 44%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on HSCZ

ETF.net Research

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.

Stated mandate

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

  1. 01Tracks 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
  2. 02Currency 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
  3. 03Broad, rules-based index exposure across developed markets outside the US and Canada, diversified rather than concentrated, and running under iShares since 2015.

Worth knowing

  1. 01Hedging is not free. The expense ratio sits well above the median for international small-cap funds, and above its own unhedged sibling SCZ.
  2. 02The 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.
  3. 03A 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

As of Sep 22, 2026, 3:56 AM
Asset class
Stocks
Holdings
—
Top-10 weight
3%
Largest holding
IMI.L0.3%

Geography

  • Japan37.32%
  • United Kingdom10.94%
  • Australia10.64%
  • Sweden4.89%
  • Israel4.40%
  • Switzerland4.07%
  • Germany3.85%
  • France3.66%
  • Other countries (29)20.23%

Developed 94% · Emerging 6% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 137.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001IMI.LIMI PLC0.27%17,042$705K65
002BEZ.LBEAZLEY PLC0.26%39,250$685K53
003GTT.PAGAZTRANSPORT & TECHNIGAZ SA0.26%2,620$677K64
004BSL.AXBLUESCOPE STEEL0.26%30,976$662K73
0056963.TROHM0.25%22,109$653K62
006WEIR.LWEIR PLC0.25%18,436$645K65
0075831.TSHIZUOKA FINANCIAL GROUP INC0.25%28,848$639K59
0087167.TMEBUKI FINANCIAL GROUP INC0.24%58,187$621K64
009TKA.DETHYSSENKRUPP AG0.24%35,189$613K56
010ACLN.SWACCELLERON N AG0.23%6,685$595K68
011—EUR/USD0.23%585,826$586K9
012HSX.LHISCOX LTD0.23%22,728$584K61
013STB.OLSTOREBRAND0.23%27,712$583K62
014PSPN.SWPSP SWISS PROPERTY AG0.23%3,240$583K63
0158354.TFUKUOKA FINANCIAL GROUP0.21%11,298$556K62

Showing 1–15 of 2047 holdings

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$12,101
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. HSCZ $12,101. SPY $11,723. Use the arrow keys to read each point.$9,321$10,842$12,362Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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.

Trailing total return for HSCZ. Periods over one year show the average yearly return.
PeriodHSCZ
Year to date+14.9%
1 month+0.8%
3 months+2.7%
1 year+21.0%
3 years+19.9%per year
5 years+10.9%per year
10 years+11.8%per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for HSCZ
YearReturn barHSCZ
2026 YTD+14.9%
2025+25.7%
2024+12.9%
2023+17.0%
2022−11.5%
2021+17.8%
2020+6.4%

HSCZ in the news

ETF.net Research hasn’t filed on HSCZ yet — coverage lands here as it’s written.

HSCZ Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
3.04%Last 12 months
Payout per share
$1.34Last 12 months
Last payment
$0.57 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2017–2026

One bar per payment. 23 payments from 2017 to 2026 YTD. Jul 6, 2017 $0.38; Dec 28, 2017 $0.40; Jul 3, 2018 $0.33; Dec 4, 2018 $0.86; Dec 28, 2018 $0.35; Jul 2, 2019 $0.45; Dec 3, 2019 $0.32; Dec 24, 2019 $0.62; Jul 2, 2020 $0.26; Dec 24, 2020 $0.21; Jul 2, 2021 $0.34; Dec 23, 2021 $0.72; Dec 30, 2021 $0.0027; Jul 5, 2022 $0.61; Dec 2, 2022 $6.34; Dec 23, 2022 $0.0025; Jul 3, 2023 $0.47; Dec 22, 2023 $0.40; Jul 2, 2024 $0.42; Dec 20, 2024 $0.63; Jul 2, 2025 $0.50; Dec 23, 2025 $0.76; Jul 2, 2026 $0.57. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jul 2, 2026Jul 8, 2026$0.57
Dec 23, 2025Dec 29, 2025$0.76
Jul 2, 2025Jul 8, 2025$0.50
Dec 20, 2024Dec 26, 2024$0.63
Jul 2, 2024Jul 8, 2024$0.42
Dec 22, 2023Dec 29, 2023$0.40
Jul 3, 2023Jul 10, 2023$0.47
Dec 23, 2022Dec 30, 2022$0.0025
Dec 2, 2022Dec 8, 2022$6.34
Jul 5, 2022Jul 11, 2022$0.61
Dec 30, 2021Jan 5, 2022$0.0027
Dec 23, 2021Dec 30, 2021$0.72

HSCZ Risk

How much the fund’s monthly returns vary, scaled to a year.
9.7%
Annualised · 36 months to Aug 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
1.42
vs 3-month T-bills · to Aug 2026
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.

The largest fall from a peak to the low that followed.
−19.9%
Trough Sep 2022
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.

How strongly the fund’s returns move with its asset-class index.
0.60
vs its asset-class index
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

Expense ratio0.83%
  • The middle half of International Small-Cap funds
  • Median 0.44%

14 of the 16 International Small-Cap funds charge less.

HSCZ costs $83.00 a year on $10,000. The median International Small-Cap fund costs $44.00.