At a glance
EUSC charges 0.58% a year, above the 0.27% average of the 7 funds most like it (the most expensive of 8). It has $79.7M in assets, the 8th largest of that group; it paid 3.57% of its price in distributions over the past 12 months, quarterly. Over the past year it returned −3.4% with distributions reinvested (S&P 500: +11.5%), the weakest of those 8 funds; over three years it returned +18.1% a year. At its worst it fell 39.3% in the 2020 crash (S&P 500: 33.7%) and 24.5% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 11 months and 14 months after the lows.
The short version
WisdomTree Europe Hedged SmallCap Equity Fund (EUSC) is a WisdomTree ETF, launched in March 2015. As its name says, it invests in smaller European companies and hedges, or offsets, moves in European currencies against the US dollar. Most Europe funds hold large companies and leave the currency unhedged, so this fund is unusual. It also costs more: its 0.58% yearly expense ratio is more than double the 0.27% average of similar funds.
Price history
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EUSC -3.4% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| EUSC price data to Oct 27, 2026 | -6.8% | -3.4% | +18.1% | +8.9% | +10.2% | +9.1% |
- Over the year to Oct 27, 2026, EUSC returned -3.4%, 8th of 8 among similar funds.
- Its 5-year annualized return was +8.9% and its 10-year +10.2%.
- In the 2020 COVID crash it fell 39.3% and regained its old high 10.9 months after the low.
- Its worst full calendar year was 2018 (-13.3%); its best was 2025 (+38.8%).
- The deepest fall in its price history was 39.3% (Feb 19, 2020 to Mar 18, 2020), recovered by Feb 12, 2021.
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | -6.8% |
| 2025 | +38.8% |
| 2024 | +10.5% |
| 2023 | +19.8% |
| 2022 | -11.2% |
| 2021 | +23.5% |
| 2020 | -2.9% |
| 2019 | +28.6% |
| 2018 | -13.3% |
| 2017 | +22.3% |
| 2016 | +8.1% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 37.2% over that stretch · deepest drop along the way 39.3%, back to its old high 10.9 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 24.1% over that stretch · deepest drop along the way 24.5%, back to its old high 13.6 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $1.5350 | |
| 2025 | $1.5190 | -1.4% |
| 2024 | $1.5400 | +20.3% |
| 2023 | $1.2800 | -20.5% |
| 2022 | $1.6100 | +80.9% |
| 2021 | $0.8900 | -16.0% |
| 2020 | $1.0600 | +5.0% |
| 2019 | $1.0100 | +62.9% |
| 2018 | $0.6200 | +34.8% |
| 2017 | $0.4600 | -32.4% |
| 2016 | $0.6800 |
How it works
We could not review a prospectus for EUSC. The fund also did not appear in the SEC's ticker listings. That can happen when a fund has been renamed or closed, or when it isn't registered with the SEC. So we can't name the index it follows, list its largest holdings, or describe its exact rules for picking stocks, weighting them and rebalancing.
The fund's name tells us two things. First, it owns shares of small European companies rather than the large multinationals that dominate most Europe funds. Second, it is currency-hedged. A US investor who owns European stocks normally gains when the euro or pound rises against the dollar and loses when those currencies fall. Hedged funds usually use short-term currency contracts, called forwards, to cancel out most of that effect. Returns then track how the stocks perform in their home currencies. The hedge has a cost, and it gives up the extra gain when the dollar weakens.
Anyone considering the fund may want to read WisdomTree's own fund documents. They should show the index name, the holdings, the hedging method and the fees, and they would confirm whether the fund still trades.
What it really costs
- EUSC charges 0.58% a year, versus an average of 0.27% for the similar funds below (8th of 8, cheapest first).
In a retirement portfolio
The fund holds a narrow slice of the market (small, currency-hedged European companies) and has had deep drops, a high fee and little money in it, so it fits better as a small add-on than as a core holding.
EUSC could add exposure to smaller European companies, a corner most Europe funds skip. The ride has been rough at times. The fund launched in 2015, so it has no record from the 2008 crisis. In the 2020 COVID crash it fell 39.3% between February 19 and March 18, 2020, and took about 11 months to recover. In the 2022 bear market it dropped 24.5% and needed 13.6 months to get back to its old high. Its worst calendar year was 2018, when it lost 13.3%. Anyone forced to sell shares or draw income during a stretch like that would lock in losses. As of October 27, 2026, its trailing 12-month yield was 3.57%, paid quarterly. Its 0.58% expense ratio is the highest of the eight funds compared. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want smaller European companies rather than the large multinationals that dominate funds like VGK, FEZ and IEUR.
- People who want European stock returns with most of the currency swings against the US dollar hedged away.
- Holders who want quarterly payouts; the trailing 12-month yield was 3.57% as of October 27, 2026.
Look elsewhere if
- Cost-focused investors: EUSC's 0.58% expense ratio compares with 0.06% for VGK and a 0.27% average among similar funds.
- Anyone who would struggle to sit through losses like the 39.3% fall in early 2020 or the 24.5% drop in 2022.
- Those who want a large fund that trades heavily; EUSC had about $79.7 million in net assets, the smallest of the funds compared.
Close alternatives
Matched by legacy category (no holdings report for this fund).
| Fund | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|
| EUSC this fund | 0.58% | $79.7M | -3.4% | +18.1% |
| VGK Vanguard FTSE Europe ETF | 0.06% | $28.00B | +11.9% | +19.7% |
| EZU iShares MSCI Eurozone ETF | 0.51% | $8.70B | +6.8% | +21.0% |
| DBEF Xtrackers MSCI EAFE Hedged Equity ETF | 0.35% | $7.60B | +17.1% | +20.9% |
| IEUR iShares Core MSCI Europe ETF | 0.09% | $5.40B | +9.6% | +19.9% |
| FEZ SPDR EURO STOXX 50 ETF | 0.29% | $4.50B | +5.6% | +20.6% |
| BBEU JPMorgan BetaBuilders Europe ETF | 0.09% | $4.10B | +9.5% | +19.8% |
| EWU iShares MSCI United Kingdom ETF | 0.5% | $3.20B | +13.6% | +20.6% |
Questions investors ask
What does EUSC invest in?
Going by its name, EUSC invests in small European companies and hedges the fund against moves in European currencies versus the US dollar. WisdomTree launched it on March 4, 2015. We could not review a prospectus, so we can't name its index or its largest holdings. The fund also didn't appear in the SEC's ticker listings, which can mean it was renamed or closed, or isn't registered with the SEC.
What's the difference between EUSC and DBEF?
Both funds hedge currency, but they hold different stocks. DBEF, the Xtrackers MSCI EAFE Hedged Equity ETF, follows a broad index of developed markets that also includes Japan and Australia. EUSC focuses on small European companies. DBEF is cheaper, at 0.35% a year against 0.58%, and much larger, at about $7.6 billion. Over the year to October 27, 2026, DBEF returned 17.1% and EUSC lost 3.4%.
Does EUSC pay dividends?
Yes. EUSC pays distributions quarterly. Over the 12 months to October 27, 2026, it paid about $1.65 per share, a trailing yield of 3.57%. Payouts from small-company stock funds can change from year to year with company profits and dividend decisions. A currency hedge can also shift the amount paid out. Past payouts don't guarantee future ones.
Is EUSC good for retirement?
EUSC is better seen as a higher-risk satellite than a core retirement holding. It fell 39.3% during the 2020 COVID crash and took about 11 months to recover. In 2022 it dropped 24.5% and needed 13.6 months to recover. Its 0.58% expense ratio is the highest of the eight funds compared, and it had only about $79.7 million in net assets. Its 3.57% trailing yield, paid quarterly, may appeal to income-focused investors.
How has EUSC performed?
As of October 27, 2026, EUSC's price-based returns averaged 10.2% a year over 10 years, 8.9% over five years and 18.1% over three years. Over the latest year it lost 3.4%, which ranks last among the eight funds compared. Its strongest calendar year was 2025, at 38.8%, and it was down 6.8% for 2026 through October 27. Its price showed no change over the week and month to that date.