ENZL vs. MNRO
Compare and contrast key facts about iShares MSCI New Zealand ETF (ENZL) and Monro, Inc. (MNRO).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ENZL or MNRO.
Key characteristics
| ENZL | MNRO | |
|---|---|---|
| YTD Return | 1.27% | -7.77% |
| 1Y Return | 10.16% | -18.64% |
| 3Y Return (Ann) | -6.95% | -20.63% |
| 5Y Return (Ann) | 0.29% | -17.53% |
| 10Y Return (Ann) | 5.12% | -4.83% |
| Sharpe Ratio | 0.58 | -0.39 |
| Daily Std Dev | 18.44% | 42.90% |
| Max Drawdown | -42.44% | -73.52% |
| Current Drawdown | -26.48% | -66.75% |
Correlation
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 1.27% return, which is significantly higher than MNRO's -7.77% return. Over the past 10 years, ENZL has outperformed MNRO with an annualized return of 5.12%, while MNRO has yielded a comparatively lower -4.83% annualized return. 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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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.
Dividends
ENZL vs. MNRO - Dividend Comparison
ENZL's dividend yield for the trailing twelve months is around 2.73%, less than MNRO's 4.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENZL iShares MSCI New Zealand ETF | 2.73% | 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. | 4.27% | 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.
Volatility
ENZL vs. MNRO - Volatility Comparison
The current volatility for iShares MSCI New Zealand ETF (ENZL) is 5.75%, while Monro, Inc. (MNRO) has a volatility of 11.39%. 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.