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ENZL vs FLCA

iShares MSCI New Zealand ETF

ENZLCNasdaq

Franklin FTSE Canada ETF

FLCAANYSE Arca

Overlap

Expense ratio

FLCA −0.41pt a year

ENZL0.50%FLCA0.09%

Avg volume · 30D

ENZL 1.3×the volume

ENZL65.1KFLCA49K

5Y return · a year

FLCA +16.4pt

ENZL−4.7%FLCA+11.7%

ENZL vs FLCA Performance

Oct 29, 2021 – Oct 30, 2026

−21.3%ENZL+73.7%FLCA

Oct 29, 2021 to Oct 30, 2026. ENZL −21.3%. FLCA +73.7%. Use the arrow keys to read each point.0%25%50%Oct 2021Apr 2024Oct 2026
Expense ratio
ENZL 0.50%
FLCA 0.09%, better
Fund size
ENZL $65M
FLCA $857M
1Y total return
ENZL −0.2%
FLCA +21.5%, better
Yield (12M)
ENZL 2.26%, better
FLCA 1.70%
Holdings
ENZL 29
FLCA 92
Avg volume (30D)
ENZL 65.1K sh, better
FLCA 49K sh
NAV per share
ENZL $44.95
FLCA $54.21
52W range

ETF.net Grade

ENZL: Cost 55, Risk 37, Mission 49, Tradability 54, Holdings 28, Durability 47. FLCA: Cost 93, Risk 87, Mission 65, Tradability 69, Holdings 81, Durability 53.
Pillar letters and Scores for ENZL, FLCA, with each pillar’s weight
PillarENZLFLCA
Cost30% weightB55A93Higher
Mission25% weightC49B65Higher
Risk15% weightD37A87Higher
Tradability15% weightC54B69Higher
Holdings10% weightD28A81Higher
Durability5% weightC47C53Higher

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 FLCA 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 ›

FLCA 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 3AFLGBFranklin FTSE United Kingdom ETFScore 76
  4. Rank 22CEFNLiShares MSCI Finland ETFScore 47
  5. Rank 22CENZLiShares MSCI New Zealand ETFScore 47
  6. Rank 22CEWTiShares MSCI Taiwan ETFScore 47

Our read on each fund

ETF.net Research

ENZLCiShares MSCI New Zealand ETF

FLCAAFranklin FTSE 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.

FLCA Canada in one ticker, at index-fund pricing. FLCA tracks the FTSE Canada Capped Index, about 50 large- and mid-cap Canadian names, for 0.09% a year.

Stated mandate

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

FLCA The fund seeks to track the FTSE Canada Capped Index, which measures the performance of Canadian large- and mid-capitalization stocks.

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.
  • FLCA 0.09% a year against a 0.45% median for index-tracking ETFs. On plain-vanilla country exposure, the fee gap is most of the story.
  • The mandate is refreshingly plain: the FTSE Canada Capped Index, Canadian large and mid caps, no factor tilts, no derivatives overlay.
  • Live since 2017 and one of the stronger implementations in a crowded field of index trackers.

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.
  • FLCA About 50 stocks in one country. That is a targeted slice of the world, not a diversified core.
  • Mid-sized and moderately traded, so limit orders are the sane way in and out.
  • Distributions arrive once or twice a year rather than quarterly, which matters if you spend the income.

Full ENZL profile⁠

Full FLCA profile⁠

ENZL vs FLCA 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 FLCA Cost

Overpaying ENZL vs FLCA

$8,081

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

  • ENZL 0.50%

    $9,979

  • FLCA 0.09%

    $1,898

$10,000
30 years

Cost over time

  • ENZL 0.50%
  • FLCA 0.09%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530ENZL $9,979FLCA $1,898

Year by year

YearENZLFLCAOverpaying
10$900$165$735
20$3,460$646$2,814
30$9,979$1,898$8,081

Expense ratio

  • 0.50%ENZL
  • 0.09%FLCA, cheaper
  • Middle half of Developed Single Country funds
  • Median 0.50%

FLCA cheapest of 38 funds

ENZL 14th cheapest of 38 funds

ENZL vs FLCA Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
ENZL 2.26%, better
FLCA 1.70%
Payout (12M)
ENZL $1.01
FLCA $0.92
Last payment
ENZL $0.44
FLCA $0.39
Ex-dividend
ENZL Jun 15, 2026
FLCA Jun 26, 2026
Paid on
ENZL Jun 18, 2026
FLCA Jul 6, 2026
Frequency
ENZL Twice a year
FLCA 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
FLCATwice a year · 19 paymentsAll FLCA payments⁠
One bar per payment. 19 payments from 2017 to 2026 YTD. Dec 20, 2017 $0.02; Jun 20, 2018 $0.18; Dec 20, 2018 $0.46; Jun 11, 2019 $0.23; Dec 11, 2019 $0.37; Jun 11, 2020 $0.26; Dec 14, 2020 $0.42; Jun 10, 2021 $0.24; Dec 13, 2021 $0.44; Dec 30, 2021 $0.02; Jun 17, 2022 $0.05; Dec 16, 2022 $0.60; Jun 16, 2023 $0.30; Dec 15, 2023 $0.52; Jun 21, 2024 $0.36; Dec 20, 2024 $0.55; Jun 20, 2025 $0.37; Dec 19, 2025 $0.53; Jun 26, 2026 $0.39. Use the arrow keys to read each point.$0$12017202020232026YTD

ENZL vs FLCA Risk

Fall from peak · 5 years

  • ENZL
  • FLCA
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%FLCA 13.1%, better
Return per unit of riskSharpe ratio, 3 years
ENZL 0.10FLCA 1.54, better
Worst fallMax drawdown, 5 years
ENZL −35.9%FLCA −24.2%, better
Market sensitivityBeta, 5 years
ENZL 0.91FLCA 0.81

ENZL and FLCA in the news

All news⁠

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