- ISIN
- US4642891232
- CUSIP
- 464289123
- Issuer
- iShares
- Inception Date
- Sep 1, 2010
- Region
- Developed Asia Pacific (New Zealand)
- Category
- Asia Pacific Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI New Zealand Investable Market Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $65M
Share Price Chart
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Performance
ENZL Performance Chart
iShares MSCI New Zealand ETF (ENZL) is down 0.2% since the beginning of the year. ENZL is currently trading at $45 per share. Investors who bought $1,000 worth of ENZL shares 5 years ago would now be looking at an investment worth $824.
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Returns By Period
iShares MSCI New Zealand ETF (ENZL) has returned -0.23% so far this year and 2.57% over the past 12 months. Over the last ten years, ENZL has returned 3.60% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
iShares MSCI New Zealand ETF
- 1D
- -0.31%
- 1M
- 1.46%
- YTD
- -0.23%
- 6M
- -0.02%
- 1Y
- 2.57%
- 3Y*
- 0.11%
- 5Y*
- -3.80%
- 10Y*
- 3.60%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
ENZL Monthly Returns History
Based on dividend-adjusted daily data since Sep 2, 2010, ENZL's average daily return is +0.04%, while the average monthly return is +0.72%. At this rate, an investment would double in approximately 8.1 years.
Historically, 58% of months were positive and 42% were negative. The best month was Mar 2016 with a return of +13.8%, while the worst month was Mar 2020 at -15.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.
On a daily basis, ENZL closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +15.7%, while the worst single day was Mar 16, 2020 at -15.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.69% | 1.14% | -10.18% | 4.63% | 4.73% | -3.34% | -0.23% | ||||||
| 2025 | -0.49% | -5.76% | -0.68% | 1.26% | 4.18% | 3.75% | -1.23% | -0.42% | 2.39% | -0.09% | -0.58% | 0.49% | 2.47% |
| 2024 | -5.04% | -2.19% | 1.00% | -2.62% | 5.30% | -1.81% | 1.96% | 6.26% | 0.34% | -4.46% | 3.39% | -6.19% | -4.86% |
| 2023 | 7.36% | -6.09% | 2.00% | -0.02% | -4.49% | 3.74% | 2.08% | -9.48% | -2.14% | -5.98% | 11.64% | 6.47% | 2.95% |
| 2022 | -11.70% | 4.63% | 1.11% | -9.17% | -3.22% | -6.96% | 8.16% | -2.99% | -11.74% | 5.90% | 11.83% | 0.04% | -16.18% |
| 2021 | -0.54% | -7.64% | -0.43% | 3.71% | -4.56% | -0.58% | -0.46% | 4.98% | -2.68% | 3.38% | -8.13% | 1.93% | -11.39% |
Benchmark Metrics
iShares MSCI New Zealand ETF has an annualized alpha of -1.15%, beta of 0.74, and R2 of 0.41 versus S&P 500 Index. Calculated based on daily prices since September 02, 2010.
- This ETF participated in 99.96% of S&P 500 Index downside but only 76.65% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.41 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -1.15%
- Beta
- 0.74
- R²
- 0.41
- Upside Capture
- 76.65%
- Downside Capture
- 99.96%
Expense Ratio
ENZL has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
ENZL ranks 10 for risk / return — in the bottom 10% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares MSCI New Zealand ETF (ENZL) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ENZL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.87 | ||
| Sortino ratioReturn per unit of downside risk | -2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.37 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.20 | 2.78 | -2.58 |
| Martin ratioReturn relative to average drawdown | 0.55 | 12.44 | -11.89 |
Dividends
Dividend History
iShares MSCI New Zealand ETF provided a 2.26% dividend yield over the last twelve months, with an annual payout of $1.01 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.01 | $1.01 | $0.96 | $1.45 | $0.79 | $1.45 | $1.13 | $1.94 | $1.65 | $1.75 | $1.90 | $1.61 |
Dividend yield | 2.26% | 2.23% | 2.13% | 3.00% | 1.62% | 2.46% | 1.66% | 3.35% | 3.60% | 3.69% | 4.79% | 4.29% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares MSCI New Zealand ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.44 | $0.44 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.44 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.58 | $1.01 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.62 | $0.96 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.47 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.98 | $1.45 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.55 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.79 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.56 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.89 | $1.45 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares MSCI New Zealand ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares MSCI New Zealand ETF was 42.44%, occurring on Oct 14, 2022. The portfolio has not yet recovered.
The current iShares MSCI New Zealand ETF drawdown is 29.38%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -42.44%Oct 2022 | 1y 9mo | — | 5y 5moJan 2021 - now |
COVID crash2020 | -36.85%Mar 2020 | 1mo 29d | 4mo | 5mo 29dJan 2020 - Jul 2020 |
2015 bear market2015 | -23.20%Sep 2015 | 1y 4mo | 6mo 27d | 1y 10moMay 2014 - Mar 2016 |
2011 bear market2011 | -20.93%Nov 2011 | 4mo 3d | 9mo 17d | 1y 1moJul 2011 - Sep 2012 |
2016 correction2016 | -17.54%Dec 2016 | 3mo 9d | 7mo 4d | 10mo 13dSep 2016 - Jul 2017 |
Drawdown Indicators
| ENZL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.44% | -56.78% | +14.34% |
Max Drawdown (1Y)Largest decline over 1 year | -12.90% | -9.10% | -3.80% |
Max Drawdown (3Y)Largest decline over 3 years | -20.67% | -18.90% | -1.77% |
Max Drawdown (5Y)Largest decline over 5 years | -36.86% | -25.43% | -11.43% |
Max Drawdown (10Y)Largest decline over 10 years | -42.44% | -33.92% | -8.52% |
Current DrawdownCurrent decline from peak | -29.38% | -1.80% | -27.58% |
Average DrawdownAverage peak-to-trough decline | -12.82% | -10.71% | -2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.68% | 2.03% | +2.65% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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