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VSSvsHSCZETF Comparison

ETF 1

VSS

Vanguard FTSE All-World ex-US Small-Cap ETF

This fund is part of

Global Blended Cap

+0.31%

Full VSS fund page

VS

ETF 2

HSCZ

iShares Currency Hedged MSCI EAFE Small-Cap ETF

This fund is part of

DM Small Cap

+0.62%

Full HSCZ fund page

Vanguard FTSE All-World ex-US Small-Cap ETF (VSS) belongs to the Global Blended Cap segment. iShares Currency Hedged MSCI EAFE Small-Cap ETF (HSCZ) is part of the DM Small Cap segment. VSS's top 3 sector exposures are Finance, Non-Energy Materials and Industrials. In contrast, HSCZ's top sector exposures are Finance, Industrials and Non-Energy Materials. VSS is less expensive with a Total Expense Ratio (TER) of 0.06%, versus 0.83% for HSCZ. VSS is up 4.52% year-to-date (YTD) with +$554M in YTD flows. HSCZ performs better with 11.23% YTD performance, and +$67M in YTD flows. Run a side-by-side ETF comparison of VSS 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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VSS vs HSCZ performance and flow charts

Performance

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 10/26/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	VSS HSCZ	-4.05%-1.99%	-0.49%-1.22%	+4.52%+11.23%	+3.50%+13.44%	+59.37%+79.05%	+22.11%+63.00%
Flows	VSS HSCZ	-$87M+$3M	-$132M+$19M	+$554M+$67M	+$1.02B+$64M	-$235M+$92M	+$516M+$116M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	VSS HSCZ	+12.98%+9.57%	+15.36%+12.36%	+13.81%+12.74%	+15.37%+13.60%
Max drawdown	VSS HSCZ	-7.70%-4.48%	-11.47%-9.57%	-14.69%-12.82%	-32.54%-19.85%
Max drawdown duration	VSS HSCZ	60d74d	65d46d	221d49d	1283d771d

Trading data

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	VSS	HSCZ
Last sale 10/27/2026 at 4:01 PM	$150.84	$43.02
Previous close 10/26/2026	$149.35	$42.68
Consolidated volume 10/26/2026
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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	VSS	HSCZ
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/27/2026 at 4:01 PM

Live

Closed

	VSS	HSCZ
Last price	$150.84	$43.02
1D performance	+1.00%	+0.78%
AuM	$11.13 B	$256.56 M
E/R	0.06%	0.83%

Characteristics

	VSS	HSCZ
Management strategy	Passive	Passive
Provider	Vanguard	iShares
Benchmark	FTSE Global Small Cap ex US Index	MSCI EAFE Small Cap Index
N° of holdings	4730	2011
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	April 2, 2009	June 29, 2015
ESG	No	No

More VSS data on Trackinsight

More HSCZ data on Trackinsight

Exposure

Countries

VSS

Japan

13.81%

Canada

9.24%

Taiwan

8.26%

United Kingdom

7.16%

Other

61.53%

HSCZ

Japan

36.19%

United Kingdom

12%

Australia

10.8%

Other

41.01%

Sectors

VSS

Finance

18.77%

Non-Energy Materi.

15.7%

Industrials

15.64%

Technology

13.1%

Other

36.79%

HSCZ

Finance

23.84%

Industrials

18.39%

Non-Energy Materi.

12.79%

Technology

11.03%

Consumer Cyclical.

7.39%

Other

26.56%

Diversification

VSS

Total weight of top 15 holdings out of 15

3.44%

HSCZ

Total weight of top 15 holdings out of 15

3.62%

Top 15 holdings

Data as of August 31, 2026

VSS

Hudbay Minerals, Inc.

0.30%

Taiwan Union Technology Corp.

0.28%

Eldorado Gold Corp.

0.27%

DPM Metals, Inc.

0.24%

LandMark Optoelectronics Corp.

0.23%

Aritzia, Inc.

0.23%

Gaztransport & Technigaz SA

0.22%

Storebrand ASA

0.22%

Finning International, Inc.

0.21%

Kinsus Interconnect Technology Corp.

0.21%

Accelleron Industries AG

0.21%

G Mining Ventures Corp.

0.21%

Subsea 7 SA

0.21%

thyssenkrupp AG

0.20%

SSR Mining, Inc.

0.20%

HSCZ

IMI Plc

0.27%

The Weir Group Plc

0.27%

Beazley Plc

0.26%

BlueScope Steel Ltd.

0.26%

ROHM Co., Ltd.

0.26%

Shizuoka Financial Group, Inc.

0.25%

Gaztransport & Technigaz SA

0.24%

Mebuki Financial Group, Inc.

0.23%

Storebrand ASA

0.23%

Accelleron Industries AG

0.23%

thyssenkrupp AG

0.22%

St. James's Place Plc

0.22%

Subsea 7 SA

0.22%

Games Workshop Group Plc

0.22%

PSP Swiss Property AG

0.22%

Frequently asked questions about VSS and HSCZ

How have the VSS and HSCZ ETFs performed in 2026?

As of October 26, 2026, VSS is up 4.52% year-to-date (YTD), while HSCZ has returned 11.23%. That puts HSCZ better performer ahead so far this year.

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

Year-to-date, the VSS ETF saw +$554M in flows, compared to +$67M for HSCZ.

Which ETF is more volatile: VSS or HSCZ?

Over the past year, VSS had a volatility of 15.36%, while HSCZ experienced 12.36%.

Which ETF is bigger: VSS or HSCZ?

As of October 26, 2026, VSS holds $11.13 B in assets under management (AUM), while HSCZ manages $256.56 M.

What sectors do the VSS and HSCZ ETFs invest in?

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

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

VSS top holdings include Hudbay Minerals, Inc., Taiwan Union Technology Corp. and Eldorado Gold Corp.. HSCZ holds in its top three: IMI Plc, The Weir Group Plc and Beazley Plc.

Which ETF is more diversified: VSS or HSCZ?

VSS holds 4839 securities with 3.44% of its assets in the top 15. HSCZ has 2023 securities and a top 15 weight of 3.62%.

Sometimes Size Does Matter: A Look at Global Small Cap Equities

February 9, 2023

VSS

VSSvsHSCZETF Comparison

Vanguard FTSE All-World ex-US Small-Cap ETF

iShares Currency Hedged MSCI EAFE Small-Cap ETF

VSS vs HSCZ 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 VSS and HSCZ ETFs performed in 2026?

As of October 26, 2026, VSS is up 4.52% year-to-date (YTD), while HSCZ has returned 11.23%. That puts HSCZ better performer ahead so far this year.

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

Year-to-date, the VSS ETF saw +$554M in flows, compared to +$67M for HSCZ.

Which ETF is more volatile: VSS or HSCZ?

Over the past year, VSS had a volatility of 15.36%, while HSCZ experienced 12.36%.

Which ETF is bigger: VSS or HSCZ?

As of October 26, 2026, VSS holds $11.13 B in assets under management (AUM), while HSCZ manages $256.56 M.

What sectors do the VSS and HSCZ ETFs invest in?

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

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

VSS top holdings include Hudbay Minerals, Inc., Taiwan Union Technology Corp. and Eldorado Gold Corp.. HSCZ holds in its top three: IMI Plc, The Weir Group Plc and Beazley Plc.

Which ETF is more diversified: VSS or HSCZ?

VSS holds 4839 securities with 3.44% of its assets in the top 15. HSCZ has 2023 securities and a top 15 weight of 3.62%.

Sometimes Size Does Matter: A Look at Global Small Cap Equities

ETFs’ Next Act: From Access to Selection