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MNRO vs. ENZL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MNRO vs. ENZL

Last updated Jun 24, 2026

MNRO (Monro, Inc.) is a stock, while ENZL (iShares MSCI New Zealand ETF) is Asia Pacific Equities fund tracking the MSCI New Zealand Investable Market Index. Over the past 10 years, MNRO returned -11.03%/yr vs 3.47%/yr for ENZL. At a 0.25 correlation, their price movements are largely independent.

Performance

MNRO vs. ENZL - Performance Comparison

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

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Returns By Period

In the year-to-date period, MNRO achieves a -20.68% return, which is significantly lower than ENZL's -1.49% return. Over the past 10 years, MNRO has underperformed ENZL with an annualized return of -11.03%, while ENZL has yielded a comparatively higher 3.47% annualized return.

MNRO

1D
0.46%
1M
-6.27%
YTD
-20.68%
6M
-21.96%
1Y
11.26%
3Y*
-23.20%
5Y*
-21.67%
10Y*
-11.03%

ENZL

1D
-1.26%
1M
0.18%
YTD
-1.49%
6M
-2.07%
1Y
0.68%
3Y*
-0.31%
5Y*
-4.30%
10Y*
3.47%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MNRO vs. ENZL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
MNRO
Monro, Inc.		-20.68%-13.81%-11.99%-33.10%-20.59%11.13%-30.65%15.00%22.21%0.97%
ENZL
iShares MSCI New Zealand ETF		-1.49%2.47%-4.86%2.95%-16.18%-11.39%20.04%30.09%0.35%24.04%

Correlation

The correlation between MNRO and ENZL is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.26

Correlation (3Y)
Calculated over the trailing 3-year period

0.20

Correlation (5Y)
Calculated over the trailing 5-year period

0.24

Correlation (10Y)
Calculated over the trailing 10-year period

0.24

Correlation (All Time)
Calculated using the full available price history since Sep 2, 2010

0.25

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Monro, Inc.

iShares MSCI New Zealand ETF

Often compared with MNRO:
MNRO vs. GTMNRO vs. MPLXMNRO vs. SWLGX
Often compared with ENZL:
ENZL vs. EIRLENZL vs. EDENENZL vs. IBC6.DEENZL vs. VTIENZL vs. EWQENZL vs. EWAENZL vs. EWY

Return for Risk

MNRO vs. ENZL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MNRO
MNRO Risk / Return Rank: 4949
Overall Rank
MNRO Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
MNRO Sortino Ratio Rank: 4848
Sortino Ratio Rank
MNRO Omega Ratio Rank: 4848
Omega Ratio Rank
MNRO Calmar Ratio Rank: 5050
Calmar Ratio Rank
MNRO Martin Ratio Rank: 5050
Martin Ratio Rank
ENZL
ENZL Risk / Return Rank: 99
Overall Rank
ENZL Sharpe Ratio Rank: 99
Sharpe Ratio Rank
ENZL Sortino Ratio Rank: 99
Sortino Ratio Rank
ENZL Omega Ratio Rank: 99
Omega Ratio Rank
ENZL Calmar Ratio Rank: 99
Calmar Ratio Rank
ENZL Martin Ratio Rank: 99
Martin Ratio Rank
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.

MNRO vs. ENZL - Risk-Adjusted Trends 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.

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.

MNROENZLDifference
Sharpe ratioReturn per unit of total volatility
0.20
0.04

+0.15

Sortino ratioReturn per unit of downside risk
0.69
0.17

+0.51

Omega ratioGain probability vs. loss probability

1.09

1.02

+0.07

Calmar ratioReturn relative to maximum drawdown

0.29

0.05

+0.24

Martin ratioReturn relative to average drawdown

0.63

0.15

+0.49

MNRO vs. ENZL - Sharpe Ratio Comparison

The current MNRO Sharpe Ratio is 0.20, which is higher than the ENZL Sharpe Ratio of 0.04. The chart below compares the historical Sharpe Ratios of MNRO and ENZL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

MNRO vs. ENZL - Drawdown Comparison

The maximum MNRO drawdown since its inception was -84.13%, 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.

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Drawdown Indicators

MNROENZLDifference

Max Drawdown

Largest peak-to-trough decline

-84.13%

-42.44%

-41.69%

Max Drawdown (1Y)

Largest decline over 1 year

-38.48%

-12.90%

-25.58%

Max Drawdown (3Y)

Largest decline over 3 years

-68.15%

-20.67%

-47.48%

Max Drawdown (5Y)

Largest decline over 5 years

-78.69%

-36.86%

-41.83%

Max Drawdown (10Y)

Largest decline over 10 years

-84.13%

-42.44%

-41.69%

Current Drawdown

Current decline from peak

-78.31%

-30.28%

-48.03%

Average Drawdown

Average peak-to-trough decline

-26.28%

-12.83%

-13.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

17.83%

4.70%

+13.13%

Volatility

MNRO vs. ENZL - Volatility Comparison

Monro, Inc. (MNRO) has a higher volatility of 17.27% compared to iShares MSCI New Zealand ETF (ENZL) at 5.59%. 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.

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Volatility by Period

MNROENZLDifference

Volatility (1M)

Calculated over the trailing 1-month period

17.27%

5.59%

+11.68%

Volatility (6M)

Calculated over the trailing 6-month period

35.29%

13.45%

+21.84%

Volatility (1Y)

Calculated over the trailing 1-year period

57.46%

15.84%

+41.62%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

45.71%

18.63%

+27.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

42.35%

20.42%

+21.93%

Dividends

MNRO vs. ENZL - Dividend Comparison

MNRO's dividend yield for the trailing twelve months is around 7.26%, more than ENZL's 2.29% yield.

PositionTTM20252024202320222021202020192018201720162015
ENZL
iShares MSCI New Zealand ETF		2.29%2.23%2.13%3.00%1.62%2.46%1.66%3.35%3.60%3.69%4.79%4.29%
MNRO
Monro, Inc.		7.26%5.59%4.52%3.82%2.43%1.68%1.65%1.10%1.13%1.25%1.15%0.88%

Frequently Asked Questions

MNRO and ENZL have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MNRO has higher volatility (17.27%) compared to ENZL (5.59%). In terms of maximum drawdown, MNRO dropped -84.13% vs ENZL's -42.44%.

MNRO currently has the higher Sharpe Ratio (0.20 vs 0.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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