HSCZ vs IVV
iShares Currency Hedged MSCI EAFE Small-Cap ETF vs iShares Core S&P 500 ETF
Which is better, HSCZ or IVV?
Mid Cap Growth against Large Cap Blend.
IVV has a lower expense ratio. HSCZ led over 1Y, IVV over 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | HSCZ | IVV |
|---|---|---|
| Expense Ratio | 0.43% | 0.03%Best |
| AUM | $258M | $882.6B |
| Dividend Yield | 3.04% | 1.06% |
| Holdings | 235 | 508 |
| YTD Return | +12.70% | +14.98%Best |
| 1Y Return | +17.35%Best | +17.32% |
| 3Y Return (annualized) | +20.72% | +23.33%Best |
| 5Y Return (annualized) | +11.50% | +13.95%Best |
| Volatility (annualized) | 13.7%Best | 15.2% |
| Max Drawdown | -37.1% | -33.9%Best |
| $10,000 over 5 years | $17,234 | $19,212Best |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Blend |
| Inception | Jun 29, 2015 | May 15, 2000 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jul 14, 2015 to Oct 6, 2026 (11.2 years).
HSCZ vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 11.2 years both funds cover.
HSCZ vs IVV Performance
iShares Currency Hedged MSCI EAFE Small-Cap ETF (HSCZ) is an ETF from iShares by BlackRock (US) and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year HSCZ returned +17.35% while IVV returned +17.32%. Year to date, HSCZ is up 12.70% versus a gain of 14.98% for IVV.
Over three years, HSCZ compounded at +20.72% per year against +23.33% for IVV; over five years the annualized figures are +11.50% and +13.95% respectively. Across the full 11-year window we track, IVV has the edge at +13.13% annualized vs +8.64%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.2% compared with 13.7% 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 -33.9% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 3.04% against 1.06% for IVV.
Holdings Overlap
At least 0.2% of IVV's money is in holdings HSCZ also owns.
Stated as a floor: for HSCZ, our book for it covers 101.5% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 3 positions we hold weights for in HSCZ and 505 in IVV, against full books of 235 and 508.
Top Shared Holdings
| Stock | Weight in HSCZ | Weight in IVV | Difference |
|---|---|---|---|
| XTSLABlackrock Cash Funds: Treasury, Sl Agency Shares | 0.04% | 0.20% | 0.16% |
You are not choosing between two funds in isolation.
Whichever of HSCZ and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $40 a year on a $10,000 investment.
Which performed better, HSCZ or IVV?
Over the past year HSCZ returned +17.35% vs +17.32% for IVV, so HSCZ leads on 1-year performance. Over the longest common window we track (11 years), HSCZ annualized +8.64% vs +13.13% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HSCZ or IVV?
IVV has been the more volatile fund at 15.2% annualized versus 13.7% for HSCZ. Worst drawdown: HSCZ -37.1% vs IVV -33.9%.
Should I hold both HSCZ and IVV?
HSCZ and IVV have a monthly-return correlation of 0.84, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, HSCZ or IVV?
HSCZ yields 3.04% while IVV yields 1.06%, so HSCZ currently pays the higher dividend yield.
Is IVV better than HSCZ?
IVV has a lower expense ratio. HSCZ led over 1Y, IVV over 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.