ENZL vs. GSEE
Compare and contrast key facts about iShares MSCI New Zealand ETF (ENZL) and Goldman Sachs MarketBeta Emerging Markets Equity ETF (GSEE).
ENZL and GSEE 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. GSEE is a passively managed fund by Goldman Sachs that tracks the performance of the Solactive GBS Emerging Markets Large & Mid Cap Index. It was launched on May 12, 2020. Both ENZL and GSEE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ENZL vs. GSEE - Performance Comparison
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ENZL vs. GSEE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ENZL iShares MSCI New Zealand ETF | -6.02% | 2.47% | -4.86% | 2.95% | -16.18% | -11.39% | 41.25% |
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF | 4.69% | 33.38% | 4.94% | 11.03% | -19.57% | -2.61% | 43.54% |
Returns By Period
In the year-to-date period, ENZL achieves a -6.02% return, which is significantly lower than GSEE's 4.69% return.
ENZL
- 1D
- -0.24%
- 1M
- -9.70%
- YTD
- -6.02%
- 6M
- -7.76%
- 1Y
- 2.63%
- 3Y*
- -2.84%
- 5Y*
- -5.22%
- 10Y*
- 3.31%
GSEE
- 1D
- 0.75%
- 1M
- -6.95%
- YTD
- 4.69%
- 6M
- 7.53%
- 1Y
- 33.62%
- 3Y*
- 16.05%
- 5Y*
- 4.11%
- 10Y*
- —
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ENZL vs. GSEE - Expense Ratio Comparison
ENZL has a 0.50% expense ratio, which is higher than GSEE's 0.36% expense ratio.
Return for Risk
ENZL vs. GSEE — Risk / Return Rank
ENZL
GSEE
ENZL vs. GSEE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI New Zealand ETF (ENZL) and Goldman Sachs MarketBeta Emerging Markets Equity ETF (GSEE). 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.
| ENZL | GSEE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.15 | 1.73 | -1.58 |
Sortino ratioReturn per unit of downside risk | 0.33 | 2.37 | -2.04 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.34 | -0.29 |
Calmar ratioReturn relative to maximum drawdown | 0.26 | 2.60 | -2.34 |
Martin ratioReturn relative to average drawdown | 0.96 | 9.87 | -8.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ENZL | GSEE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 1.73 | -1.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.28 | 0.23 | -0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.60 | -0.25 |
Correlation
The correlation between ENZL and GSEE is 0.54, 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.
Dividends
ENZL vs. GSEE - Dividend Comparison
ENZL's dividend yield for the trailing twelve months is around 2.38%, less than GSEE's 2.42% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENZL iShares MSCI New Zealand ETF | 2.38% | 2.23% | 2.13% | 3.00% | 1.62% | 2.46% | 1.66% | 3.35% | 3.60% | 3.69% | 4.79% | 4.29% |
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF | 2.42% | 2.53% | 2.79% | 3.07% | 3.05% | 6.10% | 2.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ENZL vs. GSEE - Drawdown Comparison
The maximum ENZL drawdown since its inception was -42.44%, which is greater than GSEE's maximum drawdown of -37.51%. Use the drawdown chart below to compare losses from any high point for ENZL and GSEE.
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Drawdown Indicators
| ENZL | GSEE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.44% | -37.51% | -4.93% |
Max Drawdown (1Y)Largest decline over 1 year | -12.90% | -13.05% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -37.18% | -35.06% | -2.12% |
Max Drawdown (10Y)Largest decline over 10 years | -42.44% | — | — |
Current DrawdownCurrent decline from peak | -33.49% | -9.54% | -23.95% |
Average DrawdownAverage peak-to-trough decline | -12.59% | -15.10% | +2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 3.44% | +0.09% |
Volatility
ENZL vs. GSEE - Volatility Comparison
The current volatility for iShares MSCI New Zealand ETF (ENZL) is 6.86%, while Goldman Sachs MarketBeta Emerging Markets Equity ETF (GSEE) has a volatility of 9.22%. This indicates that ENZL experiences smaller price fluctuations and is considered to be less risky than GSEE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENZL | GSEE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.86% | 9.22% | -2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 11.40% | 14.51% | -3.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.39% | 19.55% | -2.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.45% | 17.72% | +0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.38% | 18.04% | +2.34% |