Zacks Investment ResearchT3·44mo ago
HSCZ iShares Currency Hedged MSCI EAFE Small-Cap ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
HSCZ
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Key stats
About
iShares Currency Hedged MSCI EAFE Small-Cap ETF (HSCZ) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2015-06-29
- Has Options
- No
- Homepage
- https://www.ishares.com/us
Fund profile
holdings as of Oct 20, 2026issuer datathrough Jul 2026flows, SEC filings
International Equity
International Small Cap#15 of 19 by assets
iShares
Developed ex-US
Index-tracking
Currency-hedged: returns exclude most of the move in the local currency against the dollar.
- Expense ratio
- 0.43% issuer, Oct 22, 2026
- Assets
- $259M issuer-reported, Oct 20, 2026
- Trailing yield
- 3.11% paid semi-annual
- Average daily volume
- $623K 30 sessions
- Holdings
- 64 top 10 are 100.3%
- Listed
- Jun 29, 2015 NYSE Arca
- Last fee change
- +1 bp filed Nov 22, 2024
- Net asset value
- $43.00 issuer, Oct 21, 2026 · closed +0.17% to NAV
- Median bid/ask spread
- 0.18% 30 days, issuer-reported
- 30-day SEC yield
- 3.14% issuer, Sep 30, 2026
- Return on NAV, 1 year
- +19.4% issuer, through Sep 30, 2026 · 3 years +19.6% a year · 5 years +11.1% · 10 years +11.6%
- Distributions, 12 months
- $1.34 a share issuer, through Jul 2, 2026: 100% income
- Tracking difference
- +0.30 pts vs index, after fees, FY 2025
Cost62
Liquidity26
Scale52
Diversification0
Moves with. US large-cap stocks (50% of its variance, beta 0.69); Developed markets ex-US over US (16% of its variance, beta 0.53); Gold (4% of its variance, beta 0.04). These factors explain 69% of its daily moves over the last year.
Stated objective. The iShares Currency Hedged MSCI EAFE Small-Cap ETF (the Fund ) seeks to track the investment results of an index composed of small capitalization developed market equities, excluding the U.S. and Canada, while mitigating exposure to fluctuations between the value of the component currencies and the U.S. dollar. (from the fund's prospectus)
All 64 holdingsFlow historyOverlap toolAll International Small Cap ETFs
Fund flows
daily as of Oct 20, 2026issuer datathrough Jul 2026SEC filings- Oct 20, 2026
- +$1.3M latest day
- Latest 5 trading days
- +$1.3M
- Latest 21 trading days
- +$2.6M +1.0% of assets
- Year to date
- +$67M +$64M over 12 months
Each day
| Day | Net flow |
|---|---|
| Oct 20, 2026 | +$1.3M |
| Oct 19, 2026 | $0 |
| Oct 16, 2026 | $0 |
| Oct 15, 2026 | $0 |
| Oct 14, 2026 | $0 |
| Oct 13, 2026 | $0 |
| Oct 12, 2026 | $0 |
| Oct 9, 2026 | +$1.3M |
| Oct 8, 2026 | $0 |
| Oct 7, 2026 | $0 |
| Oct 6, 2026 | $0 |
| Oct 5, 2026 | $0 |
| Oct 2, 2026 | $0 |
| Oct 1, 2026 | $0 |
| Sep 30, 2026 | $0 |
| Sep 29, 2026 | $0 |
| Sep 28, 2026 | $0 |
| Sep 25, 2026 | $0 |
| Sep 24, 2026 | $0 |
| Sep 23, 2026 | $0 |
| Sep 22, 2026 | $0 |
Daily figures are the change in shares outstanding times net asset value, both as the issuer publishes them each day.
- Jul 2026
- +$24M latest reported month
- Latest 3 months
- +$30M +12.4% of assets
- Latest 12 months
- +$51M +20.8% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | +$24M |
| Jun 2026 | +$2.5M |
| May 2026 | +$4.2M |
| Apr 2026 | +$2.9M |
| Mar 2026 | +$19M |
| Feb 2026 | +$1.3M |
| Jan 2026 | +$1.6M |
| Dec 2025 | +$387K |
| Nov 2025 | −$3.4M |
| Oct 2025 | −$769K |
| Sep 2025 | −$1.5M |
| Aug 2025 | +$1.1M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 84 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| AVDVAvantis International Small Cap Value ETF | — | 0.36% | $20.0B | +20.2% | compare |
| SCZiShares MSCI EAFE Small-Cap ETF | — | 0.40% | $12.9B | +8.7% | compare |
| VSSVanguard FTSE All-World EX-US Small-Cap Index Fund | — | 0.06% | $11.4B | +6.8% | compare |
| DFISDimensional International Small Cap ETF | — | 0.39% | $5.8B | +13.1% | compare |
| SCHCSchwab International Small-Cap Equity ETF | — | 0.06% | $5.5B | +7.1% | compare |
The largest other funds in the International Small Cap category.
Look-through: what the holdings say
weights as of Oct 20, 2026issuer data- Insider buying
- 0% of weight had net insider buying, 90 days; 0% net selling
- 13F holders
- +10.3% change in shares held by institutions, latest quarter
- Reporting earnings
- 0.0% of weight in 7 days; 0.0% in 14
Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.
Under the hood
fiscal year to Jul 31, 2025SEC census- Authorized participants
- 4 active of 40 with agreements; top 3 did 92%
- Created · redeemed
- $21M · $26M over the fiscal year
- Redemptions in kind
- 101% creations 100% in kind
- Creation unit
- 10,000 shares
- Securities lending
- 3.06% of assets on loan on average; earned 1.0 bp
- Return vs index
- +0.30 pts after fees; +0.30 before; daily s.d. 15.99
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2026-10-20
Holdings
64
AUM
$258.9M
Provider
iShares (BlackRock)
Inception
2015-06-29
Exchange
ARCX
Data As Of
2026-10-20
Expense Ratio
0.43%
Dividend Yield
3.11%
Distribution
Semi-Annual
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-07-02 | 2026-07-08 | $0.5750 | CD |
| 2025-12-23 | 2025-12-29 | $0.7645 | CD |
| 2025-07-02 | 2025-07-08 | $0.5020 | CD |
| 2024-12-20 | 2024-12-26 | $0.6252 | CD |
| 2024-07-02 | 2024-07-08 | $0.4178 | CD |
| 2023-12-22 | 2023-12-29 | $0.4010 | CD |
Asset Allocation
Top Holdings
top 50 of 64 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| SCZ | ISHARES MSCI EAFE SMALL-CAP ETF | 99.70% | Equity (US) | US |
| — | JPY/USD | 0.33% | Derivative | US |
| — | EUR/USD | 0.19% | Derivative | US |
| — | BLK CSH FND TREASURY SL AGENCY | 0.05% | Cash/Money Market | US |
| — | ILS/USD | 0.03% | Derivative | US |
| — | DKK/USD | 0.02% | Derivative | US |
| — | GBP/USD | 0.01% | Derivative | US |
| — | USD CASH | 0.00% | Cash/Money Market | US |
| — | SGD/USD | 0.00% | Derivative | US |
| — | CHF CASH | 0.00% | Cash/Money Market | CH |
| — | HKD/USD | 0.00% | Derivative | US |
| — | DKK/USD | 0.00% | Derivative | US |
| — | ILS/USD | 0.00% | Derivative | US |
| — | JPY/USD | 0.00% | Derivative | US |
| — | NOK/USD | 0.00% | Derivative | US |
| — | ILS/USD | 0.00% | Derivative | US |
| — | SGD/USD | 0.00% | Derivative | US |
| — | EUR/USD | 0.00% | Derivative | US |
| — | NZD/USD | 0.00% | Derivative | US |
| — | CHF/USD | 0.00% | Derivative | US |
| — | ILS/USD | 0.00% | Derivative | US |
| — | NOK/USD | 0.00% | Derivative | US |
| — | NZD/USD | 0.00% | Derivative | US |
| — | SGD/USD | 0.00% | Derivative | US |
| — | HKD/USD | 0.00% | Derivative | US |
| — | HKD/USD | 0.00% | Derivative | US |
| — | HKD/USD | 0.00% | Derivative | US |
| — | HKD/USD | 0.00% | Derivative | US |
| — | NZD/USD | -0.00% | Derivative | US |
| — | NZD/USD | -0.00% | Derivative | US |
| — | DKK/USD | -0.00% | Derivative | US |
| — | NOK/USD | -0.00% | Derivative | US |
| — | SGD/USD | -0.00% | Derivative | US |
| — | SGD/USD | -0.00% | Derivative | US |
| — | DKK/USD | -0.00% | Derivative | US |
| — | CHF/USD | -0.00% | Derivative | US |
| — | DKK/USD | -0.00% | Derivative | US |
| — | ILS/USD | -0.00% | Derivative | US |
| — | SEK/USD | -0.00% | Derivative | US |
| — | SEK/USD | -0.00% | Derivative | US |
| — | CHF/USD | -0.00% | Derivative | US |
| — | CHF/USD | -0.00% | Derivative | US |
| — | GBP/USD | -0.00% | Derivative | US |
| — | SEK/USD | -0.00% | Derivative | US |
| — | EUR/USD | -0.00% | Derivative | US |
| — | NOK/USD | -0.00% | Derivative | US |
| — | AUD/USD | -0.00% | Derivative | US |
| — | EUR/USD | -0.00% | Derivative | US |
| — | GBP/USD | -0.00% | Derivative | US |
| — | AUD/USD | -0.00% | Derivative | US |
Non-Equity Breakdown
iShares Currency Hedged MSCI EAFE Small-Cap ETF ·
NPORT-P period 2026-07-31
(filed 2026-09-23)
Net assets:
$244M
· 182 total positions
· equity 0.00%
· non-equity 100.00%
Non-equity holdings
— 182 positions,
100.00% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Other | 101.41% | $247.7M | 1 |
| Short-term investment | 0.03% | $61502 | 1 |
| Derivative (FX) | -1.43% | $-3500764 | 180 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 0.46% | -5.81% | 5.84% | 0.67% | 2.43% | 3.24% | 1.14% |
| Feb | 2.07% | -3.33% | -0.03% | 2.31% | -0.24% | 5.00% | 0.96% |
| Mar | 2.79% | 3.25% | -1.48% | 3.62% | -1.23% | -5.56% | 0.23% |
| Apr | 0.73% | -2.88% | 2.37% | -0.93% | 1.12% | 3.24% | 0.61% |
| May | 0.65% | -0.03% | -2.17% | 4.43% | 5.33% | 4.28% | 2.08% |
| Jun | 0.07% | -6.50% | 2.36% | -1.39% | 2.57% | 0.07% | -0.47% |
| Jul | 0.15% | 4.11% | 2.58% | 1.44% | 1.68% | -1.95% | 1.33% |
| Aug | 2.77% | -2.01% | -0.59% | 2.41% | 3.38% | 3.22% | 1.53% |
| Sep | -3.00% | -6.15% | -2.55% | 3.11% | 2.34% | -0.75% | -1.17% |
| Oct | 2.03% | 3.49% | -2.14% | -1.84% | 1.92% | -0.89%* | 0.43% |
| Nov | -4.48% | 5.25% | 5.74% | 1.22% | 2.12% | -- | 1.97% |
| Dec | 2.18% | -21.63% | 2.38% | -1.57% | 0.46% | -- | -3.64% |
| Total | 6.32% | -30.25% | 12.50% | 14.06% | 24.02% | 9.80% | 6.07% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $43.24
SMA 50: $43.53
SMA 200: $42.27
Current: $42.75
EMA 12: $43.09
EMA 26: $43.25
MACD: -0.1620 | Signal: -0.0401
BEARISH
ADX (14): 15.49
RANGE
+DI: 26.35
−DI: 37.36
Momentum Oscillators
RSI (14): 39.91
NEUTRAL
Stoch %K: 27.32
Stoch %D: 29.32
Williams %R: -92.01
Volume & Volatility
BB Upper: $43.75
BB Lower: $42.74
NEUTRAL
OBV: -465,378
Vol SMA 20: 13,032
Vol ROC: -97.12%
ATR: $0.34
True Range: $0.37
HV 20: 7.6%
HV 30: 8.8%
HV 60: 9.4%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
Here is my comprehensive stock analysis report for HSCZ:
Executive Summary
Overall Assessment: NEUTRAL (confidence level 6/10)
Key Drivers: Technical signals suggesting a range-bound market with no clear trend direction, mixed news sentiment.
Primary Risks: Market volatility, potential breakouts from the current trading range.
Investment Thesis: The stock is trading within a range, and while there are some positive technical indicators, the overall picture suggests a neutral outlook. Recent news headlines have been neutral, but there may be some catalysts in the future that could impact the stock price.
Recent News Sentiment Impact: Neutral sentiment from recent news articles has not had a significant impact on the stock price.
Technical Analysis
Trend Direction: The short-term trend is unclear (1-4 weeks), while the medium-term trend suggests a range-bound market (1-3 months). The long-term trend is also unclear, as the SMA 200 line is below the current price level ($44.11).
Support/Resistance Levels: Key levels to watch include the upper Bollinger Band at $44.48 and the lower Bollinger Band at $43.45.
Momentum Signals:
- RSI interpretation: Neutral, as the value is 56.75 (not overbought or oversold).
- MACD signal: Bullish, with a histogram value of 0.22.
- Bollinger Bands position: Neutral, as the price is hovering around the middle band.
Volume Analysis: Volume trends suggest low institutional interest and moderate buying pressure.
News & Sentiment Analysis
Recent Headlines Summary: Recent news headlines have been neutral, with no significant market-moving events or earnings releases.
Sentiment Assessment: Neutral sentiment from recent news articles has not had a significant impact on the stock price.
Catalyst Identification: No upcoming catalysts are currently available.
Market Narrative: The market narrative is unclear, as there is no clear trend direction or dominant theme.
Risk & Volatility Assessment
Beta Interpretation: Beta is low at 0.69, indicating that the stock moves less than the broader market (SPY).
Volatility Regime: The current volatility regime is low to moderate, with an average True Range of $0.28.
Options Market Signals: No options data available for analysis.
Downside Protection: Support levels include the lower Bollinger Band at $43.45 and the SMA 50 line at $43.37.
Market Context & Positioning
Sector Performance: The sector performance is unclear, as there is no clear dominant theme or trend direction.
Institutional Activity: Low institutional interest suggests a lack of buying pressure.
Correlation Analysis: Correlation with the broader market (SPY) is 0.72, indicating that the stock moves in tandem with the market.
Relative Valuation: The stock is trading within its normal range, with no clear relative value assessment available.
Key Levels & Action Items
Critical Price Levels: Key levels to watch include the upper Bollinger Band at $44.48 and the lower Bollinger Band at $43.45.
Breakout/Breakdown Levels: Breakout levels above $44.48 would suggest a bullish scenario, while breakdowns below $43.45 could indicate bearish momentum.
Time-Sensitive Catalysts: No upcoming catalysts are currently available.
Risk Management: Stop-loss levels should be set around the lower Bollinger Band at $43.45 to limit potential losses.
I hope this comprehensive analysis meets your requirements!
Generated
News
All HSCZ news →
Seeking AlphaT3·59mo ago
HSCZ Options Activity & IV Rank
Loading options activity...
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 0.6833
Alpha: 2.18%
Correlation: 0.7025
R-Squared: 49.4%
Stock Volatility: 12.4%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
HSCZ Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
HSCZ Constituent Performance
Click any bar to view the full quote for that stock.
HSCZ Constituents (1 of 1)
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|---|---|---|---|---|---|
| SCZ | ISHARES MSCI EAFE SMALL-CAP ETF | 99.70% | $82.94 | -0.78% | -0.31% | -2.08% |