IBC6.DE vs. ENZL
IBC6.DE (iShares MSCI Australia UCITS ETF) and ENZL (iShares MSCI New Zealand ETF) are both Asia Pacific Equities funds from iShares - IBC6.DE tracks the MSCI Australia while ENZL tracks the MSCI New Zealand Investable Market Index. Both are passively managed. Over the past 10 years, IBC6.DE returned 8.07%/yr vs 3.21%/yr for ENZL. At a 0.44 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.
Performance
IBC6.DE vs. ENZL - Performance Comparison
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Different Trading Currencies
IBC6.DE is traded in EUR, while ENZL is traded in USD. To make them comparable, the ENZL values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IBC6.DE achieves a 10.86% return, which is significantly higher than ENZL's 1.32% return. Over the past 10 years, IBC6.DE has outperformed ENZL with an annualized return of 8.07%, while ENZL has yielded a comparatively lower 3.21% annualized return.
IBC6.DE
- 1D
- -0.63%
- 1M
- 0.32%
- YTD
- 10.86%
- 6M
- 12.67%
- 1Y
- 12.09%
- 3Y*
- 9.64%
- 5Y*
- 6.48%
- 10Y*
- 8.07%
ENZL
- 1D
- 0.65%
- 1M
- 2.23%
- YTD
- 1.32%
- 6M
- 0.10%
- 1Y
- 0.77%
- 3Y*
- -2.44%
- 5Y*
- -3.20%
- 10Y*
- 3.21%
IBC6.DE vs. ENZL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBC6.DE iShares MSCI Australia UCITS ETF | 10.86% | 1.01% | 8.47% | 10.05% | -0.95% | 18.21% | -1.41% | 25.74% | -7.69% | 5.50% |
ENZL iShares MSCI New Zealand ETF | 1.32% | -9.69% | 1.42% | -0.14% | -10.98% | -4.76% | 10.15% | 33.03% | 5.06% | 8.79% |
Correlation
The correlation between IBC6.DE and ENZL is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2014 | 0.44 |
The correlation between IBC6.DE and ENZL shifts across timeframes, from 0.34 (1 year) to 0.45 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IBC6.DE vs. ENZL — Risk / Return Rank
IBC6.DE
ENZL
IBC6.DE vs. ENZL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Australia UCITS ETF (IBC6.DE) and iShares MSCI New Zealand ETF (ENZL). 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.
| IBC6.DE | ENZL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.02 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 0.08 | +1.53 |
| Martin ratioReturn relative to average drawdown | 4.12 | 0.21 | +3.91 |
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
| IBC6.DE | ENZL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 0.05 | +0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | -0.20 | +0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.17 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.43 | -0.12 |
Drawdowns
IBC6.DE vs. ENZL - Drawdown Comparison
The maximum IBC6.DE drawdown since its inception was -43.64%, which is greater than ENZL's maximum drawdown of -34.93%. Use the drawdown chart below to compare losses from any high point for IBC6.DE and ENZL.
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Drawdown Indicators
| IBC6.DE | ENZL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.64% | -34.93% | -8.71% |
Max Drawdown (1Y)Largest decline over 1 year | -7.49% | -9.62% | +2.13% |
Max Drawdown (3Y)Largest decline over 3 years | -23.12% | -21.19% | -1.93% |
Max Drawdown (5Y)Largest decline over 5 years | -23.12% | -29.30% | +6.18% |
Max Drawdown (10Y)Largest decline over 10 years | -43.64% | -34.93% | -8.71% |
Current DrawdownCurrent decline from peak | -2.69% | -25.10% | +22.41% |
Average DrawdownAverage peak-to-trough decline | -7.84% | -9.78% | +1.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 3.67% | -0.75% |
Volatility
IBC6.DE vs. ENZL - Volatility Comparison
The current volatility for iShares MSCI Australia UCITS ETF (IBC6.DE) is 3.71%, while iShares MSCI New Zealand ETF (ENZL) has a volatility of 5.30%. This indicates that IBC6.DE experiences smaller price fluctuations and is considered to be less risky than ENZL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBC6.DE | ENZL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.71% | 5.30% | -1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 10.68% | 11.53% | -0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.47% | 14.47% | -1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.70% | 16.43% | +0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.31% | 19.38% | -0.07% |
IBC6.DE vs. ENZL - Expense Ratio Comparison
Both IBC6.DE and ENZL have an expense ratio of 0.50%.
Dividends
IBC6.DE vs. ENZL - Dividend Comparison
IBC6.DE has not paid dividends to shareholders, while ENZL's dividend yield for the trailing twelve months is around 2.23%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENZL iShares MSCI New Zealand ETF | 2.23% | 2.23% | 2.13% | 3.00% | 1.62% | 2.46% | 1.66% | 3.35% | 3.60% | 3.69% | 4.79% | 4.29% |
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% |
Frequently Asked Questions
IBC6.DE and ENZL have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IBC6.DE and ENZL have the same expense ratio: 0.50% per year.
IBC6.DE tracks MSCI Australia, while ENZL tracks MSCI New Zealand Investable Market Index.
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