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ETFs

iShares Currency Hedged MSCI EAFE Small-Cap ETF

HSCZ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 29 2015
Expense Ratio
0.43%
Type
Global Ex. US Equities
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$512,447
AUM
$82,238,852
Associated Index
MSCI EAFE Small-Cap 100% Hedged to USD Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

SCZ
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE Small-Cap ETF
99.95%
n/a
Derivatives offset
2.26%
XTSLA
BLK CSH FND TREASURY SL AGENCY
0.05%
n/a
AUD/USD
0.05%
n/a
JPY/USD
0.04%
n/a
EUR/USD
0.02%
n/a
GBP/USD
0.02%
n/a
NZD/USD
-0.02%
n/a
EUR/USD
-0.03%
n/a
SGD/USD
-0.03%
Invest with HSCZ

What is HSCZ?

The iShares Currency Hedged MSCI EAFE Small-Cap ETF seeks to track the investment results of an index composed of small capitalization developed market equities, excluding the U.S. and Canada, while mitigating exposure to fluctuations between the value of the component currencies and the U.S. dollar. The MSCI EAFE Small Cap 100% Hedged to USD Index represents a close estimation of the performance that can be achieved by hedging the currency exposures of its parent index, the MSCI EAFE Index, to the USD, the "home" currency for the hedged index. The index is 100% hedged to the USD by selling each foreign currency forward at the one-month Forward weight. The parent index is composed of small cap stocks across 21 Developed Markets (DM) countries* and its local performance is calculated in different currencies, including the Euro.

ETFs related toHSCZ

ETFs correlated to HSCZ include HEFA, DBEF, HEZU

HSCZ
BlackRock Institutional Trust Company N.A. - iShares Currency Hedged MSCI EAFE Small-Cap ETF
HEFA
BlackRock Institutional Trust Company N.A. - iShares Currency Hedged MSCI EAFE ETF
DBEF
DBX ETF Trust - Xtrackers MSCI EAFE Hedged Equity ETF
HEZU
BlackRock Institutional Trust Company N.A. - iShares Currency Hedged MSCI EMU ETF
HFXI
IndexIQ ETF Trust - IQ FTSE International Equity Currency Neutral ETF
DBEU
DBX ETF Trust - Xtrackers MSCI Europe Hedged Equity ETF
HEDJ
WisdomTree Trust - WisdomTree Europe Hedged Equity Fund
EUSC
WisdomTree Trust - WisdomTree Europe Hedged SmallCap Equity Fund
IHDG
WisdomTree Trust - WisdomTree International Hedged Quality Dividend Growth Fund
SCZ
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE Small-Cap ETF
SCHC
Schwab Strategic Trust - Schwab International Small-Cap Equity ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toHSCZ

#TSMO

Treasury and Stock Momentum

Category

Momentum, Be Risk Aware

Risk Rating

Aggressive

#SWITCH

Asset Switching

Category

Momentum, Grow Your Portfolio

Risk Rating

Aggressive

Create your own algorithmic trading strategy with HSCZ using Composer

FAQ

HSCZ is a Global Ex. US Equities ETF. The iShares Currency Hedged MSCI EAFE Small-Cap ETF seeks to track the investment results of an index composed of small capitalization developed market equities, excluding the U.S. and Canada, while mitigating exposure to fluctuations between the value of the component currencies and the U.S. dollar. The MSCI EAFE Small Cap 100% Hedged to USD Index represents a close estimation of the performance that can be achieved by hedging the currency exposures of its parent index, the MSCI EAFE Index, to the USD, the "home" currency for the hedged index. The index is 100% hedged to the USD by selling each foreign currency forward at the one-month Forward weight. The parent index is composed of small cap stocks across 21 Developed Markets (DM) countries* and its local performance is calculated in different currencies, including the Euro.

HSCZ tracks the MSCI EAFE Small-Cap 100% Hedged to USD Index.

No, HSCZ is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, HSCZ is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on HSCZ is -0.0458%. This is the percent change in the value of HSCZ over the most recent 1-month period. The 3-month return on HSCZ is 0.0205%. This is the percent change in the value of HSCZ over the most recent 3-month period.

The standard deviation of HSCZ for the past year is 0.2499%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to HSCZ include EFA, EZU, and EEM.

ETFs correlated to HSCZ include HEFA, DBEF, and HEZU.

ETFs that are inversely correlated to HSCZ include EFZ, EPV, and SEF.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.