EZU vs. NGD

Last updated Jun 14, 2026

EZU (iShares MSCI Eurozone ETF) is Europe Equities fund tracking the MSCI EMU, while NGD (New Gold Inc.) is a stock. At a 0.23 correlation, their price movements are largely independent.

Performance

EZU vs. NGD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Eurozone ETF (EZU) and New Gold Inc. (NGD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EZU

• 1D: 0.00%
• 1M: 6.05%
• YTD: 9.10%
• 6M: 10.35%
• 1Y: 22.18%
• 3Y*: 18.40%
• 5Y*: 9.24%
• 10Y*: 10.85%

NGD

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EZU vs. NGD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EZU iShares MSCI Eurozone ETF	9.10%	40.00%	2.23%	23.44%	-17.25%	13.92%	7.62%	23.27%	-16.76%	27.89%
NGD New Gold Inc.	4.25%	251.21%	69.86%	48.98%	-34.67%	-31.51%	148.86%	16.28%	-77.00%	-6.00%

Correlation

The correlation between EZU and NGD is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (10Y) Calculated over the trailing 10-year period	0.21
Correlation (All Time) Calculated using the full available price history since Nov 18, 2004	0.23

Return for Risk

EZU vs. NGD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EZU

EZU Risk / Return Rank: 37
EZU Sharpe Ratio Rank: 36
EZU Sortino Ratio Rank: 36
EZU Omega Ratio Rank: 35
EZU Calmar Ratio Rank: 35
EZU Martin Ratio Rank: 40

NGD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EZU vs. NGD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Eurozone ETF (EZU) and New Gold Inc. (NGD). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	EZU	NGD	Difference
Sharpe ratio: Return per unit of total volatility	1.15	—	—
Sortino ratio: Return per unit of downside risk	1.71	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	1.55	—	—
Martin ratio: Return relative to average drawdown	5.60	—	—

Drawdowns

Drawdown Indicators

	EZU	NGD	Difference
Max Drawdown Largest peak-to-trough decline	-65.32%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-13.06%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.02%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-36.11%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.37%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-19.21%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.61%	—	—

Volatility

Volatility by Period

	EZU	NGD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.52%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.88%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.57%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.96%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.50%	—	—

Dividends

EZU vs. NGD - Dividend Comparison

EZU's dividend yield for the trailing twelve months is around 2.61%, while NGD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EZU iShares MSCI Eurozone ETF	2.61%	2.85%	2.90%	2.56%	2.79%	2.46%	2.13%	2.84%	3.47%	1.91%	3.07%	2.18%
NGD New Gold Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EZU and NGD in my portfolio?

EZU and NGD have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.