ENZL vs. EWGS
Compare and contrast key facts about iShares MSCI New Zealand ETF (ENZL) and iShares MSCI Germany Small-Cap ETF (EWGS).
ENZL and EWGS 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. EWGS is a passively managed fund by iShares that tracks the performance of the MSCI Germany Small Cap Index. It was launched on Jan 25, 2012. Both ENZL and EWGS 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 EWGS.
Key characteristics
| ENZL | EWGS |
|---|
Correlation
The correlation between ENZL and EWGS is 0.46, 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. EWGS - Performance Comparison
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. EWGS - Expense Ratio Comparison
ENZL has a 0.50% expense ratio, which is lower than EWGS's 0.59% expense ratio.
Risk-Adjusted Performance
ENZL vs. EWGS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI New Zealand ETF (ENZL) and iShares MSCI Germany Small-Cap ETF (EWGS). 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. EWGS - Dividend Comparison
ENZL's dividend yield for the trailing twelve months is around 3.18%, while EWGS has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENZL iShares MSCI New Zealand ETF | 3.18% | 3.00% | 1.62% | 2.46% | 1.66% | 3.35% | 3.60% | 3.69% | 4.76% | 4.29% | 5.15% | 3.95% |
EWGS iShares MSCI Germany Small-Cap ETF | 2.74% | 2.74% | 2.30% | 1.12% | 1.11% | 1.75% | 2.63% | 0.04% | 0.07% | 1.20% | 0.60% | 0.09% |
Drawdowns
ENZL vs. EWGS - Drawdown Comparison
Volatility
ENZL vs. EWGS - Volatility Comparison
iShares MSCI New Zealand ETF (ENZL) has a higher volatility of 5.88% compared to iShares MSCI Germany Small-Cap ETF (EWGS) at 0.00%. This indicates that ENZL's price experiences larger fluctuations and is considered to be riskier than EWGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.