GWXvsHSCZETF Comparison
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State Street SPDR S&P International Small Cap ETF (GWX) and iShares Currency Hedged MSCI EAFE Small-Cap ETF (HSCZ) belong to the same industry segment: DM Small Cap. GWX's top 3 sector exposures are Industrials, Finance and Non-Energy Materials. In contrast, HSCZ's top sector exposures are Finance, Industrials and Non-Energy Materials. GWX is less expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.83% for HSCZ. GWX is up 14.38% year-to-date (YTD) with +$38M in YTD flows. HSCZ performs worse with 12.73% YTD performance, and +$65M in YTD flows. Run a side-by-side ETF comparison of GWX and HSCZ below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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GWX vs HSCZ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | GWX HSCZ | +0.94%-1.52% | +5.34%+2.04% | +14.38%+12.73% | +18.33%+18.81% | +64.30%+67.12% | +31.90%+61.97% |
| Flows | GWX HSCZ | +$9M+$5M | +$27M+$31M | +$38M+$65M | +$26M+$60M | -$65M+$90M | -$20M+$116M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GWX HSCZ | +15.51%+10.75% | +16.39%+12.40% | +15.20%+12.90% | +15.64%+13.66% |
| Max drawdown | GWX HSCZ | -7.75%-3.22% | -11.92%-9.57% | -15.78%-12.82% | -34.53%-20.04% |
| Max drawdown duration | GWX HSCZ | 53d29d | 66d46d | 219d49d | 1366d826d |
Trading data
GWX | HSCZ | |
Last sale 9/14/2026 at 1:30 PM | $45.98 | $43.15 |
| Previous close 09/11/2026 | $46.40 | $43.16 |
| Consolidated volume 09/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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GWX | HSCZ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/14/2026 at 1:30 PM
Live
Closed
GWX | HSCZ | |
|---|---|---|
| Last price | $45.98 | $43.15 |
| 1D performance | -0.91% | -0.01% |
| AuM | $932.67 M | $257.42 M |
| E/R | 0.4% | 0.83% |
Characteristics
GWX | HSCZ | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | iShares |
| Benchmark | S&P Developed Ex-U.S. Under USD2 Billion Index | MSCI EAFE Small Cap Index |
| N° of holdings | 1977 | 2042 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 20, 2007 | June 29, 2015 |
| ESG | No | No |
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Exposure
Countries
GWX
Japan
37.76%
Canada
9.92%
Republic of Korea
9.87%
Australia
7.43%
United Kingdom
7.25%
Other
27.76%
HSCZ
Japan
37.23%
United Kingdom
12.84%
Australia
9.89%
Other
40.04%
Sectors
GWX
Industrials
17.05%
Finance
16.85%
Non-Energy Materi.
16.65%
Technology
13.93%
Healthcare
7.41%
Consumer Cyclical.
7.16%
Other
20.95%
HSCZ
Finance
24.29%
Industrials
19.14%
Non-Energy Materi.
12.23%
Technology
10.74%
Consumer Cyclical.
7.9%
Other
25.69%
Diversification
GWX
Total weight of top 15 holdings out of 15
3.75%
HSCZ
Total weight of top 15 holdings out of 15
3.83%
Top 15 holdings
Data as of July 31, 2026
GWX
Tamarack Valley Energy Ltd.
0.32%
Keller Group Plc
0.30%
Mega Or Holdings Ltd.
0.26%
Kanematsu Corp.
0.26%
Citizen Watch Co., Ltd.
0.25%
Centerra Gold, Inc.
0.25%
AT & S Austria Technologie & Systemtechnik AG
0.25%
AIXTRON SE
0.25%
Ferrotec Corp.
0.25%
The Awa Bank Ltd.
0.24%
Hoist Finance AB
0.23%
The Kiyo Bank, Ltd.
0.23%
IMAX Corp.
0.22%
Kitron ASA
0.22%
Bufab AB
0.22%
HSCZ
Diploma Plc
0.37%
Beazley Plc
0.28%
BlueScope Steel Ltd.
0.28%
IMI Plc
0.27%
The Weir Group Plc
0.26%
Kokusai Electric Corp.
0.25%
Games Workshop Group Plc
0.24%
Accelleron Industries AG
0.24%
Storebrand ASA
0.24%
Gaztransport & Technigaz SA
0.24%
Niterra Co., Ltd.
0.24%
PSP Swiss Property AG
0.24%
SPIE SA
0.23%
Shizuoka Financial Group, Inc.
0.23%
Hiscox Ltd.
0.22%
Frequently asked questions about GWX and HSCZ
How have the GWX and HSCZ ETFs performed in 2026?
As of September 11, 2026, GWX is up 14.38% year-to-date (YTD), while HSCZ has returned 12.73%. That puts GWX better performer ahead so far this year.
Which ETF is attracting more investor money: GWX or HSCZ?
Year-to-date, the GWX ETF saw +$38M in flows, compared to +$65M for HSCZ.
Which ETF is more volatile: GWX or HSCZ?
Over the past year, GWX had a volatility of 16.39%, while HSCZ experienced 12.4%.
Which ETF is bigger: GWX or HSCZ?
As of September 11, 2026, GWX holds $932.67 M in assets under management (AUM), while HSCZ manages $257.42 M.
What sectors do the GWX and HSCZ ETFs invest in?
GWX leans toward sectors like Industrials, Finance and Non-Energy Materials. Meanwhile, HSCZ focuses on Finance, Industrials and Non-Energy Materials.
What are the top holdings of the GWX ETF and HSCZ ETF?
GWX top holdings include Tamarack Valley Energy Ltd., Keller Group Plc and Mega Or Holdings Ltd.. HSCZ holds in its top three: Diploma Plc, Beazley Plc and BlueScope Steel Ltd..
Which ETF is more diversified: GWX or HSCZ?
GWX holds 1978 securities with 3.75% of its assets in the top 15. HSCZ has 2047 securities and a top 15 weight of 3.83%.
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