SCZ — iShares MSCI EAFE Small-Cap ETF

SCZ Price Performance — Growth of $10,000

Value of a $10,000 investment in SCZ over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

SCZ Drawdown

The "underwater" chart: SCZ's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The iShares MSCI EAFE Small-Cap ETF (SCZ) operates within the International Developed category, where it is one of 22 funds tracked by ETFValuer. Issued by iShares, this fund manages $14.4 billion in assets and trades at a price of $82.35. It holds an overall rank of #174 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 64.2 out of 100. The fund charges an expense ratio of 0.4% while offering a dividend yield of 3.22%. The substantial asset base of $14.4 billion suggests significant investor adoption relative to the fund's mid-tier ranking and moderate grade. These metrics collectively define the fund's position as a widely held but average-performing vehicle within its specific sector.

Recent price action shows a decline over the shortest horizons, with the fund falling 0.82% in one day and 0.85% over one week. This negative momentum extended slightly into the monthly timeframe, recording a 0.06% loss, before the trend reversed positively over longer periods. The fund posted a 1.09% gain over three months and a marginal 0.03% increase over six months. Year-to-date performance has been stronger at 6.76%, building on a 16.09% return over the past year. The long-term trajectory is most evident in the three-year return, which stands at 52.21%. This pattern indicates a divergence where short-term volatility has been offset by sustained growth over the multi-year horizon.

The fund carries a Moderate volatility label and a beta of 1.00, indicating that its price movements generally align with the broader market's magnitude. A Sharpe ratio of 0.74 suggests the fund has generated a moderate amount of risk-adjusted return relative to its volatility. The maximum drawdown of -14.55% represents the largest peak-to-trough decline experienced by the fund. This combination of figures implies that while the fund moves in step with market swings, it has experienced significant temporary losses during downturns. The moderate volatility and beta suggest the fund does not amplify market moves but still exposes investors to standard market risks. The Sharpe ratio reflects that the returns generated have been sufficient to justify the level of risk taken, though not exceptionally high.

AI-generated summary based on the data on this page.

SCZ Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 7.1% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how SCZ's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With SCZ

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with SCZ's top 10 — IEMG overlaps most, holding 1 of the same companies as SCZ's top 10 (3.8% of SCZ's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.61% (as of 2026-07-28) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.21 (as of 2026-07-28) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

Trade-Weighted US Dollar Index: 120.71 (as of 2026-07-24) — Measures the US dollar’s strength against major trading-partner currencies — dollar moves directly affect the US-dollar value of this fund’s international holdings.

SCZ Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 1.26% and average daily volume is 1.6M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $14.4B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: SCZ is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

SCZ Performance History

How SCZ Compares to Other International Developed ETFs