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HSCZvsPDNETF Comparison

ETF 1

HSCZ

iShares Currency Hedged MSCI EAFE Small-Cap ETF

This fund is part of

DM Small Cap

-0.1%

Full HSCZ fund page

VS

ETF 2

PDN

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF

This fund is part of

DM Blended Cap

+0.16%

Full PDN fund page

iShares Currency Hedged MSCI EAFE Small-Cap ETF (HSCZ) belongs to the DM Small Cap segment. Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) is part of the DM Blended Cap segment. Both ETFs have the same top 3 sector exposures: Finance, Industrials and Non-Energy Materials. HSCZ is more expensive with a Total Expense Ratio (TER) of 0.83%, versus 0.47% for PDN. HSCZ is up 12.48% year-to-date (YTD) with +$68M in YTD flows. PDN performs worse with 9.7% YTD performance, and -$40M in YTD flows. Run a side-by-side ETF comparison of HSCZ and PDN 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 PDN performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 10/29/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	HSCZ PDN	-0.49%-1.18%	+1.21%+2.68%	+12.48%+9.70%	+16.29%+12.89%	+79.24%+77.04%	+64.70%+39.25%
Flows	HSCZ PDN	+$3M-	+$19M-$7M	+$68M-$40M	+$64M-$57M	+$92M-$325M	+$117M-$152M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	HSCZ PDN	+9.50%+12.41%	+12.33%+14.22%	+12.73%+13.91%	+13.61%+14.98%
Max drawdown	HSCZ PDN	-4.48%-5.29%	-9.57%-11.76%	-12.82%-12.82%	-19.85%-32.12%
Max drawdown duration	HSCZ PDN	77d56d	46d163d	49d211d	771d1053d

Trading data

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	HSCZ	PDN
Last sale 10/30/2026 at 7:50 PM	$42.55	$44.95
Previous close 10/29/2026	$43.08	$45.51
Consolidated volume 10/29/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 30, 2026

1-year trailing difference

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	HSCZ	PDN
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/30/2026 at 7:50 PM

Live

Closed

	HSCZ	PDN
Last price	$42.55	$44.95
1D performance	-1.23%	-1.23%
AuM	$259.87 M	$345.95 M
E/R	0.83%	0.47%

Characteristics

	HSCZ	PDN
Management strategy	Passive	Passive
Provider	iShares	Invesco
Benchmark	MSCI EAFE Small Cap Index	RAFI Fundamental Select Developed ex-US 1500 Index
N° of holdings	2	1566
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	June 29, 2015	September 27, 2007
ESG	No	No

More HSCZ data on Trackinsight

More PDN data on Trackinsight

Exposure

Countries

HSCZ

Japan

37.21%

United Kingdom

11.81%

Australia

10.49%

Other

40.49%

PDN

Japan

29.97%

Canada

8.3%

United Kingdom

8.25%

Republic of Korea

7.95%

Other

45.53%

Sectors

HSCZ

Finance

23.68%

Industrials

18.53%

Non-Energy Materi.

12.66%

Technology

11.21%

Consumer Cyclical.

7.28%

Other

26.64%

PDN

Finance

22.88%

Industrials

18.68%

Non-Energy Materi.

12.5%

Technology

10.12%

Consumer Non-Cycl.

8.1%

Consumer Cyclical.

7.13%

Other

20.59%

Diversification

HSCZ

Total weight of top 2 holdings out of 2

99.91%

PDN

Total weight of top 15 holdings out of 15

3.29%

Top 15 holdings

Data as of September 30, 2026

HSCZ

US4642882736

99.87%

BlackRock Cash Funds - Treasury

0.03%

PDN

Atlassian Corp.

0.30%

Vår Energi ASA

0.22%

Tokai Carbon Co., Ltd.

0.22%

Banco Comercial Português SA

0.22%

ASMPT Ltd.

0.22%

Tower Semiconductor Ltd.

0.22%

GFL Environmental, Inc.

0.22%

Beazley Plc

0.21%

Jyske Bank A/S

0.21%

Getinge AB

0.21%

Andritz AG

0.21%

Sega Sammy Holdings, Inc.

0.21%

Hachijuni Nagano Bank, Ltd.

0.21%

Macnica Holdings, Inc.

0.21%

Daewoo Engineering & Construction Co. Ltd.

0.20%

Frequently asked questions about HSCZ and PDN

How have the HSCZ and PDN ETFs performed in 2026?

As of October 29, 2026, HSCZ is up 12.48% year-to-date (YTD), while PDN has returned 9.7%. That puts HSCZ better performer ahead so far this year.

Which ETF is attracting more investor money: HSCZ or PDN?

Year-to-date, the HSCZ ETF saw +$68M in flows, compared to -$40M for PDN.

Which ETF is more volatile: HSCZ or PDN?

Over the past year, HSCZ had a volatility of 12.33%, while PDN experienced 14.22%.

Which ETF is bigger: HSCZ or PDN?

As of October 29, 2026, HSCZ holds $259.87 M in assets under management (AUM), while PDN manages $345.95 M.

What sectors do the HSCZ and PDN ETFs invest in?

HSCZ leans toward sectors like Finance, Industrials and Non-Energy Materials. Meanwhile, PDN focuses on Finance, Industrials and Non-Energy Materials.

What are the top holdings of the HSCZ ETF and PDN ETF?

HSCZ top holdings include US4642882736 and BlackRock Cash Funds - Treasury. PDN holds in its top three: Atlassian Corp., Vår Energi ASA and Tokai Carbon Co., Ltd..

HSCZvsPDNETF Comparison

iShares Currency Hedged MSCI EAFE Small-Cap ETF

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF

HSCZ vs PDN performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the HSCZ and PDN ETFs performed in 2026?

As of October 29, 2026, HSCZ is up 12.48% year-to-date (YTD), while PDN has returned 9.7%. That puts HSCZ better performer ahead so far this year.

Which ETF is attracting more investor money: HSCZ or PDN?

Year-to-date, the HSCZ ETF saw +$68M in flows, compared to -$40M for PDN.

Which ETF is more volatile: HSCZ or PDN?

Over the past year, HSCZ had a volatility of 12.33%, while PDN experienced 14.22%.

Which ETF is bigger: HSCZ or PDN?

As of October 29, 2026, HSCZ holds $259.87 M in assets under management (AUM), while PDN manages $345.95 M.

What sectors do the HSCZ and PDN ETFs invest in?

HSCZ leans toward sectors like Finance, Industrials and Non-Energy Materials. Meanwhile, PDN focuses on Finance, Industrials and Non-Energy Materials.

What are the top holdings of the HSCZ ETF and PDN ETF?

HSCZ top holdings include US4642882736 and BlackRock Cash Funds - Treasury. PDN holds in its top three: Atlassian Corp., Vår Energi ASA and Tokai Carbon Co., Ltd..

Which ETF is more diversified: HSCZ or PDN?

HSCZ holds 2015 securities with 99.91% of its assets in the top 15. PDN has 1563 securities and a top 15 weight of 3.29%.

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