Skip to content
etf.net

Launched · SEC filings

iShares MSCI EAFE Small-Cap ETF

SCZNasdaqiSharesA

$83.36+0.61 (+0.74%)

At close: Nov 2, 2026, 4:00 PM ET

A79/ 100

Rank 1 of 16 in International Small-Cap

A79/100Rank 1 of 16inInternational Small-Cap
Intraday session: up, 79 prints from 82.75 to 83.36. Range 83.18 to 83.72. Use the arrow keys to read each point.83.0083.2083.6010 AM12 PM2 PM4 PM
Expense ratio
0.40%
Fund size
$12.7B
1Y total return
+13.1%
Yield · Last 12 months
3.20%
Holdings
2039
Avg volume · 30D
1.3M sh
52W range
low $73.46high $87.85
Launched
Filings
SEC EDGAR

The ETF.net SCZ Grade

A

Score 79 out of 100

Category
International Small-Cap⁠
Rank
1 of 16
Six-pillar profile for SCZ. Scores out of 100: Cost 70, Risk 49, Mission 100, Tradability 92, Holdings 76, Durability 85. Strongest: Mission (100). Weakest: Risk (49). Leans toward Mission.

Score 79 of 100 falls in the A 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.
    A70 out of 100
    Rank 4 of 16

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 11

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C49 out of 100
    Rank 8 of 16

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A92 out of 100
    Rank 1 of 16

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A76 out of 100
    Rank 4 of 16

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A85 out of 100
    Rank 2 of 16

Our read on SCZ

ETF.net Research

In short

AThe purist's take on foreign small caps: developed markets only, outside the US and Canada. Trading since 2007, SCZ follows the MSCI EAFE Small Cap Index, so Japan, Europe and Australia are in and emerging markets stay out.

Stated mandate

The fund seeks to track an index of small-cap equities from developed markets outside the United States and Canada, providing international diversification and exposure to overseas small-cap stocks.

Why people hold it

  • A clean, literal mandate: small companies in developed markets outside the US and Canada, with nothing else slipping into the basket.ishares.com
  • It follows its stated index closely, one of the tighter implementations in the international small-cap group.
  • Live since December 2007 and now a multi-billion-dollar fund that trades actively, the kind of scale that supports steady day-to-day liquidity.
  • The 0.40% fee lands right at the median for its category, so the EAFE-specific screen doesn't carry a premium price.

Worth knowing

  • Median is not cheap here. VSS and SCHC charge 0.06% for their own ex-US small-cap baskets, several times less than SCZ's 0.40%.
  • Developed markets only. Emerging-market small caps sit outside the mandate, unlike all-world peers such as VSS.
  • The index is unhedged, so currency moves land on top of small-cap price swings, a bumpier ride than developed large-cap benchmarks.

SCZ Performance

Launched Dec 10, 2007

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

SCZ$11,307
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. SCZ $11,307. SPY $11,146. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 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 SCZ. Periods over one year show the average yearly return.
PeriodSCZ
Year to date+9.0%
1 month−1.1%
3 months−0.6%
1 year+13.1%
3 yearsper year+18.3%
5 yearsper year+4.9%
10 yearsper year+8.1%

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 SCZ
YearReturn barSCZ
2026 YTD+9.0%
2025+32.1%
2024+1.5%
2023+13.0%
2022−21.2%
2021+10.1%
2020+11.7%

SCZ in the news

SCZ 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 Nov 2, 2026.
3.20%Last 12 months
Payout per share
$2.67Last 12 months
Last payment
$1.17 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. 20 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.78; Dec 19, 2017 $0.75; Jun 19, 2018 $0.77; Dec 18, 2018 $0.68; Jun 17, 2019 $0.93; Dec 16, 2019 $1.26; Jun 15, 2020 $0.54; Dec 14, 2020 $0.47; Dec 30, 2020 $0.02; Jun 10, 2021 $0.71; Dec 13, 2021 $1.39; Dec 30, 2021 $0.06; Jun 9, 2022 $1.12; Jun 7, 2023 $1.00; Dec 20, 2023 $0.83; Jun 11, 2024 $0.90; Dec 17, 2024 $1.23; Jun 16, 2025 $1.06; Dec 16, 2025 $1.50; Jun 15, 2026 $1.17. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 15, 2026Jun 18, 2026$1.17
Dec 16, 2025Dec 19, 2025$1.50
Jun 16, 2025Jun 20, 2025$1.06
Dec 17, 2024Dec 20, 2024$1.23
Jun 11, 2024Jun 17, 2024$0.90
Dec 20, 2023Dec 27, 2023$0.83
Jun 7, 2023Jun 13, 2023$1.00
Jun 9, 2022Jun 15, 2022$1.12
Dec 30, 2021Jan 5, 2022$0.06
Dec 13, 2021Dec 17, 2021$1.39
Jun 10, 2021Jun 16, 2021$0.71
Dec 30, 2020Jan 6, 2021$0.02

See all 38 payments⁠

$10,000 in SCZ 10 years ago paid $3,559 in dividends.⁠

SCZ Risk

Risk pillarC49 out of 100Rank 8 of 16 in International Small-Cap
How much the fund’s monthly returns vary, scaled to a year.
13.6%
Annualised · 36 months to Oct 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.
1.04
vs 3-month T-bills · to Oct 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.
−35.5%
Trough Oct 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.
1.00
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.

FMP measures it over up to five years of monthly returns.

SCZ Cost

Compare SCZ and VSS

Overpaying vs VSS, tied cheapest in International Small-Cap

$6,820

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SCZ 0.40%

    $8,090

  • VSS 0.06% Tied cheapest

    $1,270

$10,000
30 years

Cost over time

  • SCZ 0.40%
  • VSS 0.06%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530SCZ $8,090VSS $1,270

Year by year

YearSCZVSSOverpaying
10$723$110$613
20$2,793$432$2,361
30$8,090$1,270$6,820

Other funds in International Small-Cap

See others