IBC6.DE vs. ENZL

Last updated Apr 3, 2026

Compare and contrast key facts about iShares MSCI Australia UCITS ETF (IBC6.DE) and iShares MSCI New Zealand ETF (ENZL).

IBC6.DE and ENZL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBC6.DE is a passively managed fund by iShares that tracks the performance of the MSCI Australia. It was launched on Jan 22, 2010. 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. Both IBC6.DE and ENZL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IBC6.DE vs. ENZL - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares MSCI Australia UCITS ETF (IBC6.DE) and iShares MSCI New Zealand ETF (ENZL). The values are adjusted to include any dividend payments, if applicable.

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	8.19%	1.01%	8.47%	10.05%	-0.95%	18.21%	-1.41%	25.74%	-7.69%	5.50%
ENZL iShares MSCI New Zealand ETF	-4.76%	-9.69%	1.42%	-0.14%	-10.98%	-4.76%	10.15%	33.03%	5.06%	8.79%

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 8.19% return, which is significantly higher than ENZL's -4.76% return. Over the past 10 years, IBC6.DE has outperformed ENZL with an annualized return of 8.31%, while ENZL has yielded a comparatively lower 3.26% annualized return.

IBC6.DE

• 1D: 0.36%
• 1M: -2.28%
• YTD: 8.19%
• 6M: 7.43%
• 1Y: 15.03%
• 3Y*: 8.38%
• 5Y*: 7.18%
• 10Y*: 8.31%

ENZL

• 1D: -0.01%
• 1M: -7.44%
• YTD: -4.76%
• 6M: -6.67%
• 1Y: -4.74%
• 3Y*: -4.82%
• 5Y*: -4.92%
• 10Y*: 3.26%

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

IBC6.DE vs. ENZL - Expense Ratio Comparison

Both IBC6.DE and ENZL have an expense ratio of 0.50%.

IBC6.DE

iShares MSCI Australia UCITS ETF

ENZL

iShares MSCI New Zealand ETF

Return for Risk

IBC6.DE vs. ENZL — Risk / Return Rank

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

IBC6.DE

IBC6.DE Risk / Return Rank: 51
IBC6.DE Sharpe Ratio Rank: 43
IBC6.DE Sortino Ratio Rank: 39
IBC6.DE Omega Ratio Rank: 43
IBC6.DE Calmar Ratio Rank: 75
IBC6.DE Martin Ratio Rank: 57

ENZL

ENZL Risk / Return Rank: 13
ENZL Sharpe Ratio Rank: 14
ENZL Sortino Ratio Rank: 13
ENZL Omega Ratio Rank: 13
ENZL Calmar Ratio Rank: 14
ENZL Martin Ratio Rank: 14

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.

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 ratio Return per unit of total volatility	0.85	-0.30	+1.15
Sortino ratio Return per unit of downside risk	1.20	-0.30	+1.50
Omega ratio Gain probability vs. loss probability	1.18	0.96	+0.22
Calmar ratio Return relative to maximum drawdown	2.48	-0.46	+2.94
Martin ratio Return relative to average drawdown	6.81	-1.26	+8.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBC6.DE vs. ENZL - Sharpe Ratio Comparison

The current IBC6.DE Sharpe Ratio is 0.85, which is higher than the ENZL Sharpe Ratio of -0.30. The chart below compares the historical Sharpe Ratios of IBC6.DE and ENZL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IBC6.DE	ENZL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.85	-0.30	+1.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	-0.30	+0.73
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	0.17	+0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.42	-0.11

Correlation

The correlation between IBC6.DE and ENZL is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

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 2.39%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
ENZL iShares MSCI New Zealand ETF	2.39%	2.23%	2.13%	3.00%	1.62%	2.46%	1.66%	3.35%	3.60%	3.69%	4.79%	4.29%

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.

Drawdown Indicators

	IBC6.DE	ENZL	Difference
Max Drawdown Largest peak-to-trough decline	-43.64%	-42.44%	-1.20%
Max Drawdown (1Y) Largest decline over 1 year	-10.37%	-12.90%	+2.53%
Max Drawdown (5Y) Largest decline over 5 years	-23.12%	-37.18%	+14.06%
Max Drawdown (10Y) Largest decline over 10 years	-43.64%	-42.44%	-1.20%
Current Drawdown Current decline from peak	-4.51%	-33.79%	+29.28%
Average Drawdown Average peak-to-trough decline	-7.92%	-12.59%	+4.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.73%	3.61%	-0.88%

Volatility

IBC6.DE vs. ENZL - Volatility Comparison

iShares MSCI Australia UCITS ETF (IBC6.DE) and iShares MSCI New Zealand ETF (ENZL) have volatilities of 5.72% and 5.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBC6.DE	ENZL	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.72%	5.91%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	10.11%	10.39%	-0.28%
Volatility (1Y) Calculated over the trailing 1-year period	17.52%	16.03%	+1.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.71%	16.33%	+0.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.36%	19.34%	+0.02%