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ENZL vs. MNRO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


ENZLMNRO
YTD Return-2.49%-2.85%
1Y Return8.92%7.22%
3Y Return (Ann)-7.47%-21.77%
5Y Return (Ann)0.32%-15.56%
10Y Return (Ann)5.07%-4.77%
Sharpe Ratio0.580.26
Sortino Ratio0.980.70
Omega Ratio1.111.08
Calmar Ratio0.280.15
Martin Ratio2.160.65
Ulcer Index4.83%16.65%
Daily Std Dev17.99%41.93%
Max Drawdown-42.44%-73.52%
Current Drawdown-29.21%-64.98%

Correlation

-0.50.00.51.00.3

The correlation between ENZL and MNRO is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Performance

ENZL vs. MNRO - Performance Comparison

In the year-to-date period, ENZL achieves a -2.49% return, which is significantly higher than MNRO's -2.85% return. Over the past 10 years, ENZL has outperformed MNRO with an annualized return of 5.07%, while MNRO has yielded a comparatively lower -4.77% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-20.00%-10.00%0.00%10.00%20.00%JuneJulyAugustSeptemberOctoberNovember
3.98%
8.06%
ENZL
MNRO

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Risk-Adjusted Performance

ENZL vs. MNRO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI New Zealand ETF (ENZL) and Monro, Inc. (MNRO). 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
Sharpe ratio
The chart of Sharpe ratio for ENZL, currently valued at 0.58, compared to the broader market0.002.004.006.000.58
Sortino ratio
The chart of Sortino ratio for ENZL, currently valued at 0.98, compared to the broader market0.005.0010.000.98
Omega ratio
The chart of Omega ratio for ENZL, currently valued at 1.11, compared to the broader market1.001.502.002.503.001.11
Calmar ratio
The chart of Calmar ratio for ENZL, currently valued at 0.28, compared to the broader market0.005.0010.0015.0020.000.28
Martin ratio
The chart of Martin ratio for ENZL, currently valued at 2.16, compared to the broader market0.0020.0040.0060.0080.00100.00120.002.16
MNRO
Sharpe ratio
The chart of Sharpe ratio for MNRO, currently valued at 0.26, compared to the broader market0.002.004.006.000.26
Sortino ratio
The chart of Sortino ratio for MNRO, currently valued at 0.70, compared to the broader market0.005.0010.000.70
Omega ratio
The chart of Omega ratio for MNRO, currently valued at 1.08, compared to the broader market1.001.502.002.503.001.08
Calmar ratio
The chart of Calmar ratio for MNRO, currently valued at 0.15, compared to the broader market0.005.0010.0015.0020.000.15
Martin ratio
The chart of Martin ratio for MNRO, currently valued at 0.65, compared to the broader market0.0020.0040.0060.0080.00100.00120.000.65

ENZL vs. MNRO - Sharpe Ratio Comparison

The current ENZL Sharpe Ratio is 0.58, which is higher than the MNRO Sharpe Ratio of 0.26. The chart below compares the historical Sharpe Ratios of ENZL and MNRO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.00JuneJulyAugustSeptemberOctoberNovember
0.58
0.26
ENZL
MNRO

Dividends

ENZL vs. MNRO - Dividend Comparison

ENZL's dividend yield for the trailing twelve months is around 2.83%, less than MNRO's 4.05% yield.


TTM20232022202120202019201820172016201520142013
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%
MNRO
Monro, Inc.
4.05%3.82%2.43%1.68%1.65%1.10%1.13%1.25%1.15%0.88%0.87%0.59%

Drawdowns

ENZL vs. MNRO - Drawdown Comparison

The maximum ENZL drawdown since its inception was -42.44%, smaller than the maximum MNRO drawdown of -73.52%. Use the drawdown chart below to compare losses from any high point for ENZL and MNRO. For additional features, visit the drawdowns tool.


-70.00%-60.00%-50.00%-40.00%-30.00%-20.00%JuneJulyAugustSeptemberOctoberNovember
-29.21%
-64.98%
ENZL
MNRO

Volatility

ENZL vs. MNRO - Volatility Comparison

The current volatility for iShares MSCI New Zealand ETF (ENZL) is 3.32%, while Monro, Inc. (MNRO) has a volatility of 8.26%. This indicates that ENZL experiences smaller price fluctuations and is considered to be less risky than MNRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
3.32%
8.26%
ENZL
MNRO