EZA vs. PAF.L
Compare and contrast key facts about iShares MSCI South Africa ETF (EZA) and Pan African Resources plc (PAF.L).
EZA is a passively managed fund by iShares that tracks the performance of the MSCI South Africa Index. It was launched on Feb 7, 2003.
Performance
EZA vs. PAF.L - Performance Comparison
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EZA vs. PAF.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EZA iShares MSCI South Africa ETF | -1.45% | 75.20% | 7.16% | 1.51% | -5.18% | 7.91% | -5.19% | 9.83% | -25.24% | 36.03% |
PAF.L Pan African Resources plc | 13.70% | 285.05% | 105.83% | 11.99% | -6.99% | -26.44% | 109.18% | 46.45% | -38.63% | -3.35% |
Different Trading Currencies
EZA is traded in USD, while PAF.L is traded in GBp. To make them comparable, the PAF.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, EZA achieves a -1.45% return, which is significantly lower than PAF.L's 13.70% return. Over the past 10 years, EZA has underperformed PAF.L with an annualized return of 7.70%, while PAF.L has yielded a comparatively higher 29.37% annualized return.
EZA
- 1D
- 5.57%
- 1M
- -16.91%
- YTD
- -1.45%
- 6M
- 11.56%
- 1Y
- 50.34%
- 3Y*
- 23.56%
- 5Y*
- 10.86%
- 10Y*
- 7.70%
PAF.L
- 1D
- 4.24%
- 1M
- -23.37%
- YTD
- 13.70%
- 6M
- 59.76%
- 1Y
- 243.14%
- 3Y*
- 114.50%
- 5Y*
- 57.96%
- 10Y*
- 29.37%
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Return for Risk
EZA vs. PAF.L — Risk / Return Rank
EZA
PAF.L
EZA vs. PAF.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI South Africa ETF (EZA) and Pan African Resources plc (PAF.L). 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.
| EZA | PAF.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.61 | 4.56 | -2.95 |
Sortino ratioReturn per unit of downside risk | 2.07 | 3.94 | -1.87 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.53 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | 2.23 | 7.39 | -5.16 |
Martin ratioReturn relative to average drawdown | 8.78 | 26.49 | -17.71 |
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
| EZA | PAF.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 4.56 | -2.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 1.18 | -0.79 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | 0.53 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.32 | -0.03 |
Correlation
The correlation between EZA and PAF.L is 0.22, 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.
Dividends
EZA vs. PAF.L - Dividend Comparison
EZA's dividend yield for the trailing twelve months is around 6.25%, more than PAF.L's 1.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EZA iShares MSCI South Africa ETF | 6.25% | 6.16% | 7.26% | 2.84% | 3.90% | 2.05% | 5.51% | 12.27% | 3.81% | 1.55% | 4.10% | 3.03% |
PAF.L Pan African Resources plc | 1.57% | 1.35% | 2.79% | 4.52% | 5.25% | 5.09% | 2.92% | 0.98% | 0.00% | 3.37% | 5.66% | 6.83% |
Drawdowns
EZA vs. PAF.L - Drawdown Comparison
The maximum EZA drawdown since its inception was -64.64%, smaller than the maximum PAF.L drawdown of -86.45%. Use the drawdown chart below to compare losses from any high point for EZA and PAF.L.
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Drawdown Indicators
| EZA | PAF.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.64% | -80.77% | +16.13% |
Max Drawdown (1Y)Largest decline over 1 year | -23.31% | -31.27% | +7.96% |
Max Drawdown (5Y)Largest decline over 5 years | -34.94% | -47.34% | +12.40% |
Max Drawdown (10Y)Largest decline over 10 years | -62.25% | -70.69% | +8.44% |
Current DrawdownCurrent decline from peak | -16.91% | -23.72% | +6.81% |
Average DrawdownAverage peak-to-trough decline | -16.94% | -29.31% | +12.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.93% | 8.40% | -2.47% |
Volatility
EZA vs. PAF.L - Volatility Comparison
The current volatility for iShares MSCI South Africa ETF (EZA) is 15.36%, while Pan African Resources plc (PAF.L) has a volatility of 17.85%. This indicates that EZA experiences smaller price fluctuations and is considered to be less risky than PAF.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EZA | PAF.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.36% | 17.85% | -2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 25.09% | 40.49% | -15.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.39% | 53.02% | -21.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.33% | 49.28% | -20.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.31% | 54.91% | -23.60% |