ENZL vs. EWA
Compare and contrast key facts about iShares MSCI New Zealand ETF (ENZL) and iShares MSCI-Australia ETF (EWA).
ENZL and EWA 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. EWA is a passively managed fund by iShares that tracks the performance of the MSCI Australia Index. It was launched on Mar 18, 1996. Both ENZL and EWA 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 EWA.
Correlation
The correlation between ENZL and EWA is -0.60. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
ENZL vs. EWA - Performance Comparison
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Key characteristics
ENZL:
21.21%
EWA:
9.38%
ENZL:
-1.32%
EWA:
-0.88%
ENZL:
0.00%
EWA:
-0.16%
Returns By Period
ENZL
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EWA
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ENZL vs. EWA - Expense Ratio Comparison
Both ENZL and EWA have an expense ratio of 0.50%.
Risk-Adjusted Performance
ENZL vs. EWA — Risk-Adjusted Performance Rank
ENZL
EWA
ENZL vs. EWA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI New Zealand ETF (ENZL) and iShares MSCI-Australia ETF (EWA). 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.
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Dividends
ENZL vs. EWA - Dividend Comparison
ENZL's dividend yield for the trailing twelve months is around 2.13%, less than EWA's 3.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENZL iShares MSCI New Zealand ETF | 2.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EWA iShares MSCI-Australia ETF | 3.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ENZL vs. EWA - Drawdown Comparison
The maximum ENZL drawdown since its inception was -1.32%, which is greater than EWA's maximum drawdown of -0.88%. Use the drawdown chart below to compare losses from any high point for ENZL and EWA. For additional features, visit the drawdowns tool.
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Volatility
ENZL vs. EWA - Volatility Comparison
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