ENZL vs. IBC6.DE
Compare and contrast key facts about iShares MSCI New Zealand ETF (ENZL) and iShares MSCI Australia UCITS ETF (IBC6.DE).
ENZL and IBC6.DE 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. IBC6.DE is a passively managed fund by iShares that tracks the performance of the MSCI Australia. It was launched on Jan 22, 2010. Both ENZL and IBC6.DE 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 IBC6.DE.
Correlation
The correlation between ENZL and IBC6.DE is 0.51, 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. IBC6.DE - Performance Comparison
Key characteristics
ENZL:
0.05
IBC6.DE:
-0.15
ENZL:
0.21
IBC6.DE:
-0.07
ENZL:
1.03
IBC6.DE:
0.99
ENZL:
0.03
IBC6.DE:
-0.12
ENZL:
0.14
IBC6.DE:
-0.47
ENZL:
7.60%
IBC6.DE:
6.11%
ENZL:
19.29%
IBC6.DE:
18.95%
ENZL:
-42.44%
IBC6.DE:
-43.64%
ENZL:
-33.50%
IBC6.DE:
-16.36%
Returns By Period
In the year-to-date period, ENZL achieves a -3.72% return, which is significantly higher than IBC6.DE's -10.15% return. Over the past 10 years, ENZL has underperformed IBC6.DE with an annualized return of 3.77%, while IBC6.DE has yielded a comparatively higher 3.98% annualized return.
ENZL
-3.72%
2.86%
-10.41%
0.96%
-0.26%
3.77%
IBC6.DE
-10.15%
-4.20%
-13.84%
-2.56%
10.40%
3.98%
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ENZL vs. IBC6.DE - Expense Ratio Comparison
Both ENZL and IBC6.DE have an expense ratio of 0.50%.
Risk-Adjusted Performance
ENZL vs. IBC6.DE — Risk-Adjusted Performance Rank
ENZL
IBC6.DE
ENZL vs. IBC6.DE - 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 UCITS ETF (IBC6.DE). 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. IBC6.DE - Dividend Comparison
ENZL's dividend yield for the trailing twelve months is around 2.22%, while IBC6.DE has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENZL iShares MSCI New Zealand ETF | 2.22% | 2.13% | 3.00% | 1.62% | 2.46% | 1.66% | 3.35% | 3.60% | 3.69% | 4.78% | 4.29% | 5.15% |
IBC6.DE iShares MSCI Australia UCITS ETF | 0.00% | 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. IBC6.DE - Drawdown Comparison
The maximum ENZL drawdown since its inception was -42.44%, roughly equal to the maximum IBC6.DE drawdown of -43.64%. Use the drawdown chart below to compare losses from any high point for ENZL and IBC6.DE. For additional features, visit the drawdowns tool.
Volatility
ENZL vs. IBC6.DE - Volatility Comparison
The current volatility for iShares MSCI New Zealand ETF (ENZL) is 9.10%, while iShares MSCI Australia UCITS ETF (IBC6.DE) has a volatility of 14.45%. This indicates that ENZL experiences smaller price fluctuations and is considered to be less risky than IBC6.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.