MNZL vs. EINC

Last updated Jun 5, 2026

MNZL (Manzil Russell Halal USA Broad Market ETF) and EINC (VanEck Energy Income ETF) are both exchange-traded funds - MNZL is a Large Cap Blend Equities fund tracking the Russell IdealRatings Manzil Halal USA Broad Market Index, while EINC is a Energy Equities fund tracking the MVIS North America Energy Infrastructure Index. Both are passively managed. At a correlation of -0.18, they often move in opposite directions. MNZL charges 0.40%/yr vs 0.45%/yr for EINC.

Performance

MNZL vs. EINC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Manzil Russell Halal USA Broad Market ETF (MNZL) and VanEck Energy Income ETF (EINC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MNZL achieves a 18.20% return, which is significantly lower than EINC's 26.33% return.

MNZL

• 1D: -1.04%
• 1M: 8.16%
• YTD: 18.20%
• 6M: 16.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EINC

• 1D: 1.28%
• 1M: 0.04%
• YTD: 26.33%
• 6M: 24.35%
• 1Y: 29.22%
• 3Y*: 29.81%
• 5Y*: 21.04%
• 10Y*: 11.62%

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

MNZL vs. EINC - Yearly Performance Comparison

	2026 (YTD)	2025
MNZL Manzil Russell Halal USA Broad Market ETF	18.20%	2.90%
EINC VanEck Energy Income ETF	26.33%	1.53%

Correlation

The correlation between MNZL and EINC is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025	-0.18

Return for Risk

MNZL vs. EINC — Risk / Return Rank

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

EINC

EINC Risk / Return Rank: 62
EINC Sharpe Ratio Rank: 61
EINC Sortino Ratio Rank: 58
EINC Omega Ratio Rank: 58
EINC Calmar Ratio Rank: 75
EINC Martin Ratio Rank: 59

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.

MNZL vs. EINC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Manzil Russell Halal USA Broad Market ETF (MNZL) and VanEck Energy Income ETF (EINC). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MNZL	EINC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.00	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.08	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.46	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.84	0.04	+2.80

Drawdowns

MNZL vs. EINC - Drawdown Comparison

The maximum MNZL drawdown since its inception was -9.66%, smaller than the maximum EINC drawdown of -87.55%. Use the drawdown chart below to compare losses from any high point for MNZL and EINC.

Drawdown Indicators

	MNZL	EINC	Difference
Max Drawdown Largest peak-to-trough decline	-9.66%	-87.55%	+77.89%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.89%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.87%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-68.85%	—
Current Drawdown Current decline from peak	-1.04%	-4.23%	+3.19%
Average Drawdown Average peak-to-trough decline	-1.74%	-44.28%	+42.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.85%	—

Volatility

Volatility by Period

	MNZL	EINC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.52%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.55%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.73%	14.74%	+0.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.73%	19.58%	-3.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.73%	25.43%	-9.70%

MNZL vs. EINC - Expense Ratio Comparison

MNZL has a 0.40% expense ratio, which is lower than EINC's 0.45% expense ratio.

Dividends

MNZL vs. EINC - Dividend Comparison

MNZL's dividend yield for the trailing twelve months is around 0.03%, less than EINC's 3.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EINC VanEck Energy Income ETF	3.50%	4.51%	3.33%	3.77%	2.89%	6.03%	6.69%	9.66%	11.31%	8.53%	9.71%	28.53%
MNZL Manzil Russell Halal USA Broad Market ETF	0.03%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MNZL and EINC in my portfolio?

MNZL and EINC have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MNZL or EINC?

On fees, MNZL is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MNZL or EINC?

MNZL is cheaper with a 0.40% expense ratio, compared with 0.45% for EINC.

Which ETF pays a higher dividend yield, MNZL or EINC?

EINC has the higher dividend yield at 3.50%, compared with 0.03% for MNZL.

What is the main difference between MNZL and EINC?

MNZL is categorized as Large Cap Blend Equities, while EINC is Energy Equities. MNZL tracks Russell IdealRatings Manzil Halal USA Broad Market Index, while EINC tracks MVIS North America Energy Infrastructure Index. They also come from different issuers: Manzil and VanEck. Their fees differ too: 0.40% for MNZL and 0.45% for EINC.