EZA: Gold And Banks Keep Working

  • EZA has outperformed gold, global banks, and the S&P 500 since October 2023, driven by strong momentum and a bullish macro backdrop. The ETF offers a compelling valuation, with a P/E just above 10 and a PEG ratio under 1.0x, plus a high 5.81% dividend yield. EZA's portfolio is concentrated in Financials and Materials, making it sensitive to trends in global banking and gold prices.