iShares MSCI EAFE Small-Cap ETF (SCZ) Performance
SCZ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +7.8% since Dec 31, 2025
- 1 year
- +10.3% total return
- 5 years
- +4.7% a year
- 10 years
- +7.8% a year
- Since first price
- +5.4% a year since 2007
SCZ trailing returns vs SPY, QQQ, AGG
| Period | SCZ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −3.0% | −3.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +0.7% | +0.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +1.4% | −0.0% | +7.8% | +8.4% | −1.5% |
| YTD | +7.8% | +6.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +10.3% | +6.7% | +14.4% | +15.9% | −1.1% |
| 3 years | +70.8%+19.5%/yr | +55.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +25.6%+4.7%/yr | +8.0% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +111.6%+7.8%/yr | +60.0% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +236.8%+8.4%/yr | +121.9% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionDec 12, 2007 | +167.5%+5.4%/yr | +61.1% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SCZ vs SPY
From Dec 12, 2007: SCZ grew to $26,749, SPY to $71,990.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SCZ returns by calendar year
13 of 18 full years positive. Best 2009 (+42.9%), worst 2008 (−48.5%). 2026 is year to date.
SCZ annual returns table
| Year | SCZ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +7.8% | −11.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +32.1% | −13.5% | +17.7% | +20.8% | +7.2% |
| 2024 | +1.5% | −10.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +13.0% | −15.1% | +26.2% | +54.9% | +5.7% |
| 2022 | −21.3% | −33.6% | −18.2% | −32.6% | −13.0% |
| 2021 | +10.1% | −9.7% | +28.7% | +27.4% | −1.8% |
| 2020 | +11.7% | −39.0% | +18.3% | +48.6% | +7.5% |
| 2019 | +24.7% | −8.2% | +31.2% | +39.0% | +8.5% |
| 2018 | −17.6% | −26.5% | −4.6% | −0.1% | +0.1% |
| 2017 | +32.7% | −2.6% | +21.7% | +32.7% | +3.6% |
| 2016 | +2.6% | −11.7% | +12.0% | +7.1% | +2.4% |
| 2015 | +9.1% | −11.8% | +1.2% | +9.4% | +0.5% |
| 2014 | −6.1% | −16.1% | +13.5% | +19.2% | +6.0% |
| 2013 | +28.6% | −10.3% | +32.3% | +36.6% | −2.0% |
| 2012 | +21.3% | −15.8% | +16.0% | +18.1% | +3.8% |
| 2011 | −15.1% | −26.3% | +1.9% | +3.4% | +7.7% |
| 2010 | +21.5% | −19.3% | +15.1% | +19.9% | +6.4% |
| 2009 | +42.9% | −26.3% | +26.4% | +54.7% | +3.0% |
| 2008 | −48.5% | −57.0% | −36.8% | −41.7% | +7.9% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SCZ largest drawdowns
Now 5.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 13, 2007 | −61.9% | Mar 9, 2009 | Apr 11, 2013 | 1.2 years | 5.3 years |
| Jan 26, 2018 | −41.1% | Mar 23, 2020 | Nov 23, 2020 | 2.2 years | 2.8 years |
| Sep 3, 2021 | −36.9% | Oct 12, 2022 | Jun 2, 2025 | 1.1 years | 3.7 years |
| May 15, 2015 | −17.4% | Feb 11, 2016 | Sep 6, 2016 | 9 months | 1.3 years |
| Jul 3, 2014 | −16.1% | Oct 16, 2014 | May 13, 2015 | 3 months | 10 months |
| Feb 27, 2026 | −11.4% | Mar 20, 2026 | May 8, 2026 | 21 days | 2 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SCZ risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2007 |
|---|---|---|---|---|
| Annualized return | +18.0% | +5.7% | +7.9% | +5.5% |
| Volatility (annualized) | 14.0% | 16.9% | 16.7% | 18.9% |
| Sharpe ratio | 0.95 | 0.20 | 0.40 | 0.31 |
| Sortino ratio | 1.54 | 0.29 | 0.57 | 0.44 |
| Best month | +8.8% | +11.9% | +12.9% | +15.9% |
| Worst month | −8.5% | −11.0% | −17.8% | −23.8% |
| Best 12 months | +41.1% | +41.1% | +63.1% | +73.2% |
| Worst 12 months | +1.5% | −31.9% | −31.9% | −53.7% |
| Positive months | 69% | 60% | 62% | 59% |
| Beta vs S&P 500 | 0.73 | 0.85 | 0.91 | — |
| Correlation with S&P 500 | 0.65 | 0.79 | 0.84 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SCZ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 215 | −53.7% | +9.7% | +73.2% | 69% |
| 3-year (a year) | 191 | −3.9% | +8.0% | +28.1% | 88% |
| 5-year (a year) | 167 | −2.0% | +6.9% | +24.3% | 98% |
| 10-year (a year) | 107 | +3.4% | +7.4% | +13.8% | 100% |
Every holding period starting at a month-end since 2007. Returns for 3 years and longer are annualized.
SCZ performance overview
iShares MSCI EAFE Small-Cap ETF (SCZ) returned +10.3% over the past year and +7.8% a year over ten years, with distributions reinvested. Since its first recorded price in 2007 it has returned +5.4% a year, turning $10,000 into about $26,749. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −61.9%, from Dec 13, 2007 to Mar 9, 2009, and it took 4.1 years to get back to the old high. SCZ finished 13 of its 18 full calendar years with a gain; the best year was 2009 (+42.9%) and the worst 2008 (−48.5%). Volatility has been 18.9% a year.
Related: SCZ chart, SCZ holdings, SCZ dividends. See the SCZ overview for the latest quote and fund facts.
SCZ performance FAQ
What is the SCZ return over the past year?
SCZ returned +10.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 6.7%.
What is the average annual return of SCZ?
SCZ has returned +4.7% a year over 5 years, +7.8% a year over 10 years, +5.4% a year since December 12, 2007 (total return, distributions reinvested).
How much would $10,000 invested in SCZ be worth?
$10,000 invested in SCZ at its first recorded close on December 12, 2007 would be worth about $26,749 on October 23, 2026 with distributions reinvested.
What was the worst year for SCZ?
The worst calendar year was 2008, with a total return of −48.5%. The best was 2009 at +42.9%.
What is the biggest drawdown of SCZ?
The largest peak-to-trough decline was −61.9% between December 13, 2007 and March 9, 2009. It recovered to the old high on April 11, 2013, 4.1 years after the bottom.
How volatile is SCZ?
Over the past 3 years SCZ had an annualized volatility of 14.0% and a Sharpe ratio of 0.95 (excess return over 1–3 month T-bills per unit of risk).