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 is an International Developed fund managed by iShares with $13.2 billion in assets. It holds a C grade, ranking 17th out of 22 peers in its category and 163rd among all tracked ETFs. The fund charges an expense ratio of 0.4%, which is more than double the category median of 0.165%. It offers a dividend yield of 3.07%, exceeding the category median of 2.53%. Top holdings consist of only 7.1% of assets, with the largest position being a cash fund at 3.8%.

The fund is priced at $87.57, sitting at 98.1% of its 52-week range. Short-term returns show a 1.93% gain over one month, while the one-year return stands at 20.46%, trailing the category median of 22.96%. The three-year return is recorded at 65.47%. The rating was downgraded from B to C on 2026-07-31. Price history is available for only 3.0 years.

With a beta of 1.02, the fund moves in line with market movements. Annualized volatility is 15.21%, labeled as Moderate. The Sharpe ratio is 1.02, and the maximum drawdown has been -14.52%. Liquidity is indicated by an average daily volume of 1,374,141 shares and a bid/ask spread of 1.37%.

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: 4.77% (as of 2026-09-03) — 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): 14.32 (as of 2026-09-03) — 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 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

Trade-Weighted US Dollar Index: 118.75 (as of 2026-08-28) — 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 1.37% and average daily volume is 1.4M/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 $13.2B 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