SCZ vs VOO
iShares MSCI EAFE Small-Cap ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. SCZ offers more diversification with 1644 holdings.
Side-by-Side Comparison
| Metric | SCZ | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.03% | |
| AUM | $13.2B | $979.0B | |
| Dividend Yield | 3.22% | 1.09% | |
| Holdings | 2,080 | 509 | |
| YTD Return | +12.40% | +13.72% | |
| 1Y Return | +19.26% | +21.63% | |
| 3Y Return (annualized) | +17.16% | +21.55% | |
| 5Y Return (annualized) | +5.69% | +13.26% | |
| Volatility (annualized) | 18.9% | 14.1% | |
| Max Drawdown | -62.6% | -34.3% | |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 10, 2007 | Sep 7, 2010 |
SCZ vs VOO Performance
iShares MSCI EAFE Small-Cap ETF (SCZ) 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 SCZ returned +19.26% while VOO returned +21.63%. Year to date, SCZ is up 12.40% versus a gain of 13.72% for VOO.
Over three years, SCZ compounded at +17.16% per year against +21.55% for VOO; over five years the annualized figures are +5.69% and +13.26% respectively. Across the full 16-year window we track, VOO has the edge at +13.56% annualized vs +3.75%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCZ has been the more volatile fund, with annualized monthly volatility of 18.9% compared with 14.1% for VOO. 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 -62.6% for SCZ 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCZ charges 0.40% per year while VOO charges 0.03%. On a $10,000 position that is $40 vs $3 annually, a gap of $37 per year that compounds over a long holding period. On income, SCZ currently yields 3.22% against 1.09% for VOO.
Holdings Overlap
SCZ and VOO share 1 holdings out of 2148 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 SCZ | Weight in VOO | Difference |
|---|---|---|---|
| RF | 0.05% | 0.04% | 0.01% |
Frequently Asked Questions
Which is cheaper, SCZ or VOO?
SCZ has an expense ratio of 0.40% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
Which performed better, SCZ or VOO?
Over the past year SCZ returned +19.26% vs +21.63% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), SCZ annualized +3.75% vs +13.56% for VOO. Past performance does not guarantee future results.
Which is riskier, SCZ or VOO?
SCZ has been the more volatile fund at 18.9% annualized versus 14.1% for VOO. Worst drawdown: SCZ -62.6% vs VOO -34.3%.
Should I hold both SCZ and VOO?
SCZ and VOO have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCZ and VOO?
SCZ and VOO share 1 common holdings with a 0.0% weight overlap. Combined, they hold 2148 unique securities.
Which pays a higher dividend, SCZ or VOO?
SCZ yields 3.22% while VOO yields 1.09%, so SCZ currently pays the higher dividend yield.
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