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ETFs

iShares Trust iShares MSCI New Zealand ETF

ENZL
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Sep 01 2010
Expense Ratio
0.50%
Type
Global Ex. US Equities
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$330,198
AUM
$127,739,701
Associated Index
MSCI New Zealand IMI 25/50 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

FPH
Fisher & Paykel Healthcare Corporation Limited
16.99%
AIA
Auckland International Airport
13.41%
SPK
Spark New Zealand Limited
12.16%
IFT
Infratil Ltd
4.71%
EBO
Ebos Group
4.64%
SUM
Summerset Group Holdings Limited
4.58%
ATM
The a2 Milk Company Limited
4.53%
CEN
Contact Energy Ltd
4.52%
RYM
Ryman Healthcare
4.47%
MEL
Meridian Energy Limited
4.47%
Invest with ENZL

What is ENZL?

The iShares MSCI New Zealand ETF seeks investment results that correspond generally to the price and yield performance before fees and expenses of the MSCI New Zealand IMI 25/50 Index. The iShares MSCI New Zealand ETF seeks to track the investment results of a broad-based index composed of New Zealand equities.

ETFs related toENZL

ETFs correlated to ENZL include EPP, BBAX, EWA

ENZL
BlackRock Institutional Trust Company N.A. - iShares MSCI New Zealand ETF
EPP
BlackRock Institutional Trust Company N.A. - iShares MSCI Pacific ex Japan ETF
BBAX
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF
EWA
BlackRock Institutional Trust Company N.A. - iShares MSCI Australia ETF
VSGX
Vanguard Group, Inc. - Vanguard ESG International Stock ETF
IXUS
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Total International Stock ETF
VEU
Vanguard Group, Inc. - Vanguard FTSE All-World ex-US ETF
VXUS
Vanguard Group, Inc. - Vanguard Total International Stock ETF
ACWX
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ex US ETF
CWI
SSgA Active Trust - SPDR MSCI ACWI ex-US ETF
VSS
Vanguard Group, Inc. - Vanguard FTSE All-World Ex-US Small Capital Index Fund ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toENZL

#DPE

Diversify with Private Equity

Category

Getting Started, Go Global, Diversification

Risk Rating

Moderate

#DGE

Diversify with Global Exposure

Category

Momentum, Tactical Asset Allocation, Go Global, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with ENZL using Composer

FAQ

ENZL is a Global Ex. US Equities ETF. The iShares MSCI New Zealand ETF seeks investment results that correspond generally to the price and yield performance before fees and expenses of the MSCI New Zealand IMI 25/50 Index. The iShares MSCI New Zealand ETF seeks to track the investment results of a broad-based index composed of New Zealand equities.

ENZL tracks the MSCI New Zealand IMI 25/50 Index.

No, ENZL is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, ENZL is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on ENZL is 0.0016%. This is the percent change in the value of ENZL over the most recent 1-month period. The 3-month return on ENZL is -0.0546%. This is the percent change in the value of ENZL over the most recent 3-month period.

The standard deviation of ENZL for the past year is 0.1972%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to ENZL include EWZ, EWW, and EWT.

ETFs correlated to ENZL include EPP, BBAX, and EWA.

ETFs that are inversely correlated to ENZL include EFZ, EDZ, and EPV.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.