HSCZvsGWXETF Comparison
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iShares Currency Hedged MSCI EAFE Small-Cap ETF (HSCZ) and State Street SPDR S&P International Small Cap ETF (GWX) belong to the same industry segment: DM Small Cap. HSCZ's top 3 sector exposures are Industrials, Financials and Materials. In contrast, GWX's top sector exposures are Industrials, Materials and Information Technology. HSCZ is more expensive with a Total Expense Ratio (TER) of 0.83%, versus 0.4% for GWX. HSCZ is up 7.15% year-to-date (YTD) with +$24M in YTD flows. GWX performs better with 11.62% YTD performance, and +$30M in YTD flows. Run a side-by-side ETF comparison of HSCZ and GWX 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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HSCZ vs GWX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HSCZ GWX | +7.03%+10.99% | +3.22%+3.76% | +7.15%+11.62% | +32.61%+39.36% | +62.58%+59.94% | +66.46%+35.70% |
| Flows | HSCZ GWX | +$3M+$13M | +$23M+$30M | +$24M+$30M | +$19M+$26M | +$58M-$80M | +$92M-$58M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HSCZ GWX | +16.45%+23.83% | +11.53%+14.79% | +12.75%+14.77% | +13.56%+15.45% |
| Max drawdown | HSCZ GWX | -9.57%-11.92% | -9.57%-11.92% | -12.82%-15.78% | -20.04%-34.53% |
| Max drawdown duration | HSCZ GWX | 46d60d | 46d60d | 49d219d | 826d1366d |
Trading data
HSCZ | GWX | |
Last sale 4/30/2026 at 7:55 PM | $41.68 | $45.70 |
| Previous close 04/29/2026 | $41.22 | $45.82 |
| Consolidated volume 04/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of April 30, 2026
1-year trailing difference
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HSCZ | GWX | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/30/2026 at 7:55 PM
Live
Closed
HSCZ | GWX | |
|---|---|---|
| Last price | $41.68 | $45.70 |
| 1D performance | +1.12% | -0.27% |
| AuM | $208.44 M | $911.79 M |
| E/R | 0.83% | 0.4% |
Characteristics
HSCZ | GWX | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | State Street Investment Management |
| Benchmark | MSCI EAFE Small Cap Index | S&P Developed Ex-U.S. Under USD2 Billion Index |
| N° of holdings | 1884 | 1826 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 29, 2015 | April 20, 2007 |
| ESG | No | No |
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Exposure
Countries
HSCZ
Japan
36.31%
United Kingdom
10.83%
Australia
10.48%
Other
42.38%
GWX
Japan
36.15%
Republic of Korea
11.59%
Canada
11.01%
Australia
7.95%
Other
33.29%
Sectors
HSCZ
Industrials
21.72%
Financials
11.43%
Materials
10.57%
Consumer Discreti.
10.36%
Real Estate
10.1%
Information Techn.
8.22%
Other
27.6%
GWX
Industrials
19.89%
Materials
13.08%
Information Techn.
12.83%
Consumer Discreti.
10.52%
Financials
7.45%
Health Care
7.17%
Other
29.05%
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Diversification
HSCZ
Total weight of top 15 holdings out of 15
4.24%
GWX
Total weight of top 15 holdings out of 15
3.8%
Top 15 holdings
Data as of March 31, 2026
HSCZ
FURUKAWA ELEC
0.36%
PILBARA MINERALS
0.34%
SHOWA DENKO
0.32%
DIPLOMA
0.32%
MITSUI MINING AND SMELTING
0.30%
BEAZLEY PLC
0.30%
WEIR GROUP
0.29%
PSP SWISS PROPERTY
0.27%
ENLIGHT RENEWABLE ENERGY
0.26%
GTT PROMESSES
0.26%
CH1169360919
0.25%
IMI PLC
0.25%
ST.JAMES'S PLACE
0.24%
SOJITZ
0.24%
BLUESCOPE STEEL ORDINARY
0.23%
GWX
MEIKO ELECTRONICS
0.31%
TAMARACK VALLEY ENERGY
0.29%
KANEMATSU
0.29%
MEGA OR HOLDINGS
0.27%
CENTERRA GOLD
0.27%
SPROTT
0.26%
NITTOBO
0.25%
KITRON
0.24%
WESTGOLD RESOURCES LTD
0.24%
INSIGNIA FINANCIAL LTD
0.24%
AIXTRON
0.24%
ZIM INTEGRATED SHIPPING SERVICES
0.23%
WESDOME GOLD MINES
0.22%
HEIJMANS
0.22%
SENIOR
0.22%
Frequently asked questions about HSCZ and GWX
How have the HSCZ and GWX ETFs performed in 2026?
As of April 30, 2026, HSCZ is up 7.15% year-to-date (YTD), while GWX has returned 11.62%. That puts GWX better performer ahead so far this year.
Which ETF is attracting more investor money: HSCZ or GWX?
Year-to-date, the HSCZ ETF saw +$24M in flows, compared to +$30M for GWX.
Which ETF is more volatile: HSCZ or GWX?
Over the past year, HSCZ had a volatility of 11.53%, while GWX experienced 14.79%.
Which ETF is bigger: HSCZ or GWX?
As of April 30, 2026, HSCZ holds $208.44 M in assets under management (AUM), while GWX manages $911.79 M.
What sectors do the HSCZ and GWX ETFs invest in?
HSCZ leans toward sectors like Industrials, Financials and Materials. Meanwhile, GWX focuses on Industrials, Materials and Information Technology.
What are the top holdings of the HSCZ ETF and GWX ETF?
HSCZ top holdings include FURUKAWA ELEC, PILBARA MINERALS and SHOWA DENKO. GWX holds in its top three: MEIKO ELECTRONICS, TAMARACK VALLEY ENERGY and KANEMATSU.
Which ETF is more diversified: HSCZ or GWX?
HSCZ holds 2036 securities with 4.24% of its assets in the top 15. GWX has 1949 securities and a top 15 weight of 3.8%.
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