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) is an International Developed fund issued by iShares with $12.8 billion in assets under management. It holds a C grade (63.6/100) and ranks 15th out of 22 peers in its category, placing it at #201 overall among 458 tracked ETFs. The fund’s 0.4% expense ratio is more than double the category median of 0.165%, while its 3.23% dividend yield slightly exceeds the peer average of 3.12%. Despite the small-cap mandate, the top ten holdings represent only 7.1% of assets, with the largest position being a BlackRock cash fund at 4.7%.

SCZ has delivered a 1-year return of +11.21%, trailing the category median of +13.09%, though it shows stronger momentum over the 3-year horizon with a +70.30% gain. Short-term performance has been negative, with declines of -0.53% over one day and -2.67% over one month, contrasting with a +1.36% gain over six months. The current price of $82.45 sits at 62.5% of its 52-week range, indicating a position closer to the upper end of recent trading activity. The ETFValuer grade has remained unchanged at C across the last 35 tracked days, and price history is available for 3.0 years.

With a beta of 1.01, the fund moves in line with the broader market, accompanied by 15.27% annualized volatility labeled as Moderate. The Sharpe ratio of 0.41 suggests modest risk-adjusted returns relative to the volatility experienced. A maximum drawdown of -14.52% highlights the extent of recent peak-to-trough declines, while average daily volume of 1,102,831 shares provides average liquidity for trading.

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

SCZ Top Holdings

Holdings as of 2026-07-31 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 — VSS overlaps most, holding 2 of the same companies as SCZ's top 10 (0.5% 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: 4.96% (as of 2026-10-22) — 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): 19.03 (as of 2026-10-22) — 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: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

Trade-Weighted US Dollar Index: 121.40 (as of 2026-10-16) — 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: Average daily volume is 1.1M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $12.8B 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