IBC6.DE vs. ENZL
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IBC6.DE or ENZL.
Key characteristics
| IBC6.DE | ENZL | |
|---|---|---|
| YTD Return | 9.53% | 2.73% |
| 1Y Return | 18.79% | 14.23% |
| 3Y Return (Ann) | 7.97% | -5.78% |
| 5Y Return (Ann) | 7.20% | 1.42% |
| Sharpe Ratio | 1.51 | 0.83 |
| Daily Std Dev | 14.84% | 18.53% |
| Max Drawdown | -43.64% | -42.44% |
| Current Drawdown | 0.00% | -25.42% |
Correlation
The correlation between IBC6.DE and ENZL is 0.51, 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.
Performance
IBC6.DE vs. ENZL - Performance Comparison
In the year-to-date period, IBC6.DE achieves a 9.53% return, which is significantly higher than ENZL's 2.73% 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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IBC6.DE vs. ENZL - Expense Ratio Comparison
Both IBC6.DE and ENZL have an expense ratio of 0.50%.
Risk-Adjusted Performance
IBC6.DE vs. ENZL - Risk-Adjusted Performance 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.
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 2.69%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 2.69% | 3.00% | 1.62% | 2.46% | 1.66% | 3.35% | 3.60% | 3.69% | 4.76% | 4.29% | 5.15% | 3.95% |
Drawdowns
IBC6.DE vs. ENZL - Drawdown Comparison
The maximum IBC6.DE drawdown since its inception was -43.64%, roughly equal to the maximum ENZL drawdown of -42.44%. Use the drawdown chart below to compare losses from any high point for IBC6.DE and ENZL. For additional features, visit the drawdowns tool.
Volatility
IBC6.DE vs. ENZL - Volatility Comparison
The current volatility for iShares MSCI Australia UCITS ETF (IBC6.DE) is 4.78%, while iShares MSCI New Zealand ETF (ENZL) has a volatility of 5.42%. 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.