MNRO vs. ENZL
Compare and contrast key facts about Monro, Inc. (MNRO) and iShares MSCI New Zealand ETF (ENZL).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MNRO or ENZL.
Key characteristics
| MNRO | ENZL | |
|---|---|---|
| YTD Return | -2.85% | -2.49% |
| 1Y Return | 7.22% | 8.92% |
| 3Y Return (Ann) | -21.77% | -7.47% |
| 5Y Return (Ann) | -15.56% | 0.32% |
| 10Y Return (Ann) | -4.77% | 5.07% |
| Sharpe Ratio | 0.26 | 0.58 |
| Sortino Ratio | 0.70 | 0.98 |
| Omega Ratio | 1.08 | 1.11 |
| Calmar Ratio | 0.15 | 0.28 |
| Martin Ratio | 0.65 | 2.16 |
| Ulcer Index | 16.65% | 4.83% |
| Daily Std Dev | 41.93% | 17.99% |
| Max Drawdown | -73.52% | -42.44% |
| Current Drawdown | -64.98% | -29.21% |
Correlation
The correlation between MNRO and ENZL is 0.27, 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.
Performance
MNRO vs. ENZL - Performance Comparison
In the year-to-date period, MNRO achieves a -2.85% return, which is significantly lower than ENZL's -2.49% return. Over the past 10 years, MNRO has underperformed ENZL with an annualized return of -4.77%, while ENZL has yielded a comparatively higher 5.07% annualized 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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Risk-Adjusted Performance
MNRO vs. ENZL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Monro, Inc. (MNRO) 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
MNRO vs. ENZL - Dividend Comparison
MNRO's dividend yield for the trailing twelve months is around 4.05%, more than ENZL's 2.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MNRO Monro, Inc. | 4.05% | 3.82% | 2.43% | 1.68% | 1.65% | 1.10% | 1.13% | 1.25% | 1.15% | 0.88% | 0.87% | 0.59% |
ENZL iShares MSCI New Zealand ETF | 2.83% | 3.00% | 1.62% | 2.46% | 1.66% | 3.35% | 3.60% | 3.69% | 4.76% | 4.29% | 5.15% | 3.95% |
Drawdowns
MNRO vs. ENZL - Drawdown Comparison
The maximum MNRO drawdown since its inception was -73.52%, which is greater than ENZL's maximum drawdown of -42.44%. Use the drawdown chart below to compare losses from any high point for MNRO and ENZL. For additional features, visit the drawdowns tool.
Volatility
MNRO vs. ENZL - Volatility Comparison
Monro, Inc. (MNRO) has a higher volatility of 8.26% compared to iShares MSCI New Zealand ETF (ENZL) at 3.32%. This indicates that MNRO's price experiences larger fluctuations and is considered to be riskier than ENZL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.