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ENZL vs EWC

iShares MSCI New Zealand ETF

ENZLCNasdaq

iShares MSCI Canada ETF

EWCANYSE Arca

Overlap

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

ENZL0.50%EWC0.50%

Avg volume · 30D

EWC 25.9×the volume

ENZL65.1KEWC1.68M

10Y return · a year

EWC +8.1pt

ENZL+3.3%EWC+11.4%

ENZL vs EWC Performance

Oct 29, 2021 – Oct 30, 2026

−21.3%ENZL+71.2%EWC

Oct 29, 2021 to Oct 30, 2026. ENZL −21.3%. EWC +71.2%. Use the arrow keys to read each point.0%25%50%Oct 2021Apr 2024Oct 2026
Expense ratio
ENZL 0.50%
EWC 0.50%
Fund size
ENZL $65M
EWC $7.58B
1Y total return
ENZL −0.2%
EWC +21.1%, better
Yield (12M)
ENZL 2.26%, better
EWC 1.24%
Holdings
ENZL 29
EWC 83
Avg volume (30D)
ENZL 65.1K sh
EWC 1.68M sh, better
NAV per share
ENZL $44.95
EWC $60.62
52W range

ETF.net Grade

ENZL: Cost 55, Risk 37, Mission 49, Tradability 54, Holdings 28, Durability 47. EWC: Cost 55, Risk 87, Mission 90, Tradability 97, Holdings 78, Durability 80.
Pillar letters and Scores for ENZL, EWC, with each pillar’s weight
PillarENZLEWC
Cost30% weightB55B55
Mission25% weightC49A90Higher
Risk15% weightD37A87Higher
Tradability15% weightC54A97Higher
Holdings10% weightD28A78Higher
Durability5% weightC47A80Higher

Rank among Developed Single Country funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. ENZL and EWC are both graded against the same 38 Developed Single Country funds, so their Grades compare head to head.

Developed Single Country⁠

Category · 38 funds
See all 38 ›

EWC ranks 1st and ENZL 22nd of 38 funds in the Developed Single Country Category.

  1. Rank 1AEWCiShares MSCI Canada ETFScore 78
  2. Rank 1AFLCAFranklin FTSE Canada ETFScore 78
  3. Rank 22CEFNLiShares MSCI Finland ETFScore 47
  4. Rank 22CENZLiShares MSCI New Zealand ETFScore 47
  5. Rank 22CEWTiShares MSCI Taiwan ETFScore 47

Our read on each fund

ETF.net Research

ENZLCiShares MSCI New Zealand ETF

EWCAiShares MSCI Canada ETF

In short

ENZL The rare single-ticker route to New Zealand stocks: a compact basket of about 25 NZ names, run by iShares since 2010. Not a Pacific blend, not Australia with a garnish. Just New Zealand.

EWC A 1996 original: Canada's large and mid caps in one ticker, back when single-country funds were still a novelty. About 80 names, held through a capped MSCI index built so one giant can't swamp the basket.

Stated mandate

ENZL The fund seeks to track an index of New Zealand equities and provides targeted exposure to companies in that single country.

EWC The fund seeks to track an index representing Canadian equities, providing exposure to large- and mid-sized companies in Canada.

Why people hold it

  • ENZL Pure country mandate. Holdings are New Zealand equities only, so the trade never gets diluted by a bigger neighbor's market.ishares.com
  • Tracks the MSCI New Zealand All Cap Top 25 Capped Index, which caps individual weights so no single giant can swallow the basket.ishares.com
  • Launched in 2010, with a long operating record on an iShares platform rather than a recent shelf addition.
  • The 0.50% expense ratio sits right at the median for single-country developed-market ETFs.
  • EWC Running since 1996, which makes it one of the oldest US-listed ETFs still trading, and it is a multi-billion-dollar fund today.
  • Tracks the MSCI Canada Custom Capped Index closely, one of the tighter index-following records in its single-country developed peer group.ishares.com
  • Actively traded with among the easiest fills in its peer group, so the cost of getting in and out stays modest.
  • The capped index trims outsized single-name weights, so roughly 80 holdings stay a basket rather than a wager on two or three giants.ishares.com

Worth knowing

  • ENZL Around 25 stocks. A few companies steer the whole fund, which is the deal you accept with a small developed market.
  • Cheaper single-country options exist: FLKR and FLAU both run 0.09%. The New Zealand mandate carries a higher fee.
  • Mid-size and only moderately traded, so limit orders matter more here than in the giants of the category. Distributions land once or twice a year.
  • EWC At 0.50%, the fee sits right at the median for single-country developed funds, and cheaper Canada exposure exists: BBCA runs 0.19%.
  • One country, about 80 stocks: a concentrated slice of the world, with Canadian dollar moves riding along in your US-dollar return.ishares.com
  • Distributions land once or twice a year rather than monthly or quarterly, so income arrives in lumps.

Full ENZL profile⁠

Full EWC profile⁠

ENZL vs EWC Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ENZL vs EWC Cost

Same expense ratio

$9,979

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ENZL 0.50%

    $9,979

  • EWC 0.50%

    $9,979

$10,000
30 years

Cost over time

  • ENZL 0.50%
  • EWC 0.50%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530ENZL $9,979EWC $9,979

Year by year

YearENZLEWC
10$900$900
20$3,460$3,460
30$9,979$9,979

Expense ratio

  • 0.50%ENZL
  • 0.50%EWC
  • Middle half of Developed Single Country funds
  • Median 0.50%

ENZL 14th cheapest of 38 funds

EWC 14th cheapest of 38 funds

ENZL vs EWC Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
ENZL 2.26%, better
EWC 1.24%
Payout (12M)
ENZL $1.01
EWC $0.75
Last payment
ENZL $0.44
EWC $0.28
Ex-dividend
ENZL Jun 15, 2026
EWC Jun 15, 2026
Paid on
ENZL Jun 18, 2026
EWC Jun 18, 2026
Frequency
ENZL Twice a year
EWC Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

ENZLTwice a year · 19 paymentsAll ENZL payments⁠
One bar per payment. 19 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.85; Dec 19, 2017 $0.90; Jun 19, 2018 $0.82; Dec 18, 2018 $0.83; Jun 17, 2019 $0.76; Dec 16, 2019 $1.18; Jun 15, 2020 $0.37; Dec 14, 2020 $0.76; Jun 10, 2021 $0.56; Dec 13, 2021 $0.89; Jun 9, 2022 $0.55; Dec 13, 2022 $0.24; Jun 7, 2023 $0.47; Dec 20, 2023 $0.98; Jun 11, 2024 $0.35; Dec 17, 2024 $0.62; Jun 16, 2025 $0.44; Dec 16, 2025 $0.58; Jun 15, 2026 $0.44. Use the arrow keys to read each point.$0$12017202020232026YTD
EWCTwice a year · 19 paymentsAll EWC payments⁠
One bar per payment. 19 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.22; Dec 19, 2017 $0.37; Jun 19, 2018 $0.22; Dec 18, 2018 $0.41; Jun 17, 2019 $0.25; Dec 16, 2019 $0.39; Jun 15, 2020 $0.26; Dec 14, 2020 $0.39; Jun 10, 2021 $0.23; Dec 13, 2021 $0.48; Jun 9, 2022 $0.28; Dec 13, 2022 $0.49; Jun 7, 2023 $0.35; Dec 20, 2023 $0.49; Jun 11, 2024 $0.35; Dec 17, 2024 $0.55; Jun 16, 2025 $0.31; Dec 16, 2025 $0.47; Jun 15, 2026 $0.28. Use the arrow keys to read each point.$0$12017202020232026YTD

ENZL vs EWC Risk

Fall from peak · 5 years

  • ENZL
  • EWC
Oct 29, 2021 to Oct 30, 2026. Worst fall: ENZL −35.9% · Oct 2022. Use the arrow keys to read each point.−40%−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
ENZL 15.1%EWC 13.1%, better
Return per unit of riskSharpe ratio, 3 years
ENZL 0.10EWC 1.54, better
Worst fallMax drawdown, 5 years
ENZL −35.9%EWC −24.8%, better
Market sensitivityBeta, 5 years
ENZL 0.91EWC 0.88

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