ENZL vs. EDEN
Compare and contrast key facts about iShares MSCI New Zealand ETF (ENZL) and iShares MSCI Denmark ETF (EDEN).
ENZL and EDEN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ENZL is a passively managed fund by iShares that tracks the performance of the MSCI New Zealand Investable Market Index. It was launched on Sep 1, 2010. EDEN is a passively managed fund by iShares that tracks the performance of the MSCI Denmark IMI 25/50 Index. It was launched on Jan 25, 2012. Both ENZL and EDEN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ENZL or EDEN.
Key characteristics
| ENZL | EDEN | |
|---|---|---|
| YTD Return | -2.49% | 8.33% |
| 1Y Return | 8.92% | 22.00% |
| 3Y Return (Ann) | -7.47% | 3.57% |
| 5Y Return (Ann) | 0.32% | 15.08% |
| 10Y Return (Ann) | 5.07% | 11.30% |
| Sharpe Ratio | 0.58 | 1.38 |
| Sortino Ratio | 0.98 | 2.03 |
| Omega Ratio | 1.11 | 1.24 |
| Calmar Ratio | 0.28 | 1.69 |
| Martin Ratio | 2.16 | 6.75 |
| Ulcer Index | 4.83% | 3.24% |
| Daily Std Dev | 17.99% | 15.85% |
| Max Drawdown | -42.44% | -36.61% |
| Current Drawdown | -29.21% | -9.08% |
Correlation
The correlation between ENZL and EDEN is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ENZL vs. EDEN - Performance Comparison
In the year-to-date period, ENZL achieves a -2.49% return, which is significantly lower than EDEN's 8.33% return. Over the past 10 years, ENZL has underperformed EDEN with an annualized return of 5.07%, while EDEN has yielded a comparatively higher 11.30% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ENZL vs. EDEN - Expense Ratio Comparison
ENZL has a 0.50% expense ratio, which is lower than EDEN's 0.53% expense ratio.
Risk-Adjusted Performance
ENZL vs. EDEN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI New Zealand ETF (ENZL) and iShares MSCI Denmark ETF (EDEN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
ENZL vs. EDEN - Dividend Comparison
ENZL's dividend yield for the trailing twelve months is around 2.83%, more than EDEN's 1.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENZL iShares MSCI New Zealand ETF | 2.83% | 3.00% | 1.62% | 2.46% | 1.66% | 3.35% | 3.60% | 3.69% | 4.76% | 4.29% | 5.15% | 3.95% |
EDEN iShares MSCI Denmark ETF | 1.30% | 1.92% | 1.47% | 0.74% | 0.42% | 2.36% | 2.01% | 2.03% | 1.28% | 1.46% | 0.87% | 0.86% |
Drawdowns
ENZL vs. EDEN - Drawdown Comparison
The maximum ENZL drawdown since its inception was -42.44%, which is greater than EDEN's maximum drawdown of -36.61%. Use the drawdown chart below to compare losses from any high point for ENZL and EDEN. For additional features, visit the drawdowns tool.
Volatility
ENZL vs. EDEN - Volatility Comparison
iShares MSCI New Zealand ETF (ENZL) has a higher volatility of 3.32% compared to iShares MSCI Denmark ETF (EDEN) at 2.73%. This indicates that ENZL's price experiences larger fluctuations and is considered to be riskier than EDEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.