What this ETF is trying to do

The ISHARES MSCI NEW ZEALAND ETF (ticker: ENZL) is an exchange-traded fund that focuses on companies in New Zealand. It is traded on the NASDAQ exchange.

What the numbers show

As of October 9, 2026, the current price of one share is $44.74. An estimated price from roughly one year ago was approximately $46.58.

When looking at how this ETF has performed, it is important to understand two different types of numbers: price return and total return. Price return only tracks the change in the share price. Total return includes both the share price change and any cash distributions paid to investors.

• One-Year Performance: The one-year price return was -3.94%. However, the one-year total return was -1.77%. This shows that the cash distributions helped make the total loss smaller than the price drop alone.

• Year-to-Date (YTD): The YTD price return is -1.17%, while the YTD total return is -0.22%.

• Three-Year Performance: Over three years, the price return was -0.20%, but the total return was 7.38%.

• Five-Year Performance: The five-year total return was -18.82%.

Income and distribution explanation

This ETF provides cash distributions to investors. The distribution yield is 2.26%, which describes the cash paid out relative to the ETF's price. In the last 12 months, there were two payouts. These payments are described as "irregular" or "less frequent."

It is important for beginners to know that a high distribution yield does not mean you earned that same percentage as your total return. Total return is the most complete way to see how much value an investment has gained or lost.

NAV erosion explanation

Investors often look at "NAV erosion." This refers to whether the actual value of the assets held by the ETF is shrinking. StockValueFinder uses an erosion-risk score to measure this risk.

ENZL has an erosion-risk score of 94, which is labeled as "Stable / sideways." The severity is rated as "good," and there is no severe erosion-risk flag for this ETF.

Pros

• The ETF has a stable erosion-risk score.

• It has shown a positive total return over the last three years (7.38%).

Cons

• The one-year and year-to-date price returns have been negative.

• The five-year total return is -18.82%.

• Distributions are irregular and happen less frequently.

Beginner takeaway

When studying this ETF, notice the difference between the share price movement and the total return. While the share price has declined in several timeframes, the total return figures show how much the cash distributions helped offset those declines. Always look at both numbers to get a full picture of performance.