The Australia and New Zealand Banking Group Ltd (ASX: ANZ) share price has probably been a source of disappointment for ASX bank share investors this year. To be fair, 2022 hasn't been a great year for most ASX shares. The S&P/ASX 200 Index (ASX: XJO) remains down by around 4.3% year to date.
But ANZ shares have shone out as a particularly poor performer. This ASX 200 bank has lost more than 10.5% of its value over 2022 thus far.
Adding salt to the wound, ANZ is also the only member of the big four to lose to the ASX 200 over the year so far. In fact, National Australia Bank Ltd (ASX: NAB), Commonwealth Bank of Australia (ASX: CBA) and Westpac Banking Corp (ASX: WBC) shares are all in the green for the year. Westpac is actually up more than 10%.
So ANZ shares have really let the ASX bank team down.
But what about over the past 12 months? How much would a $10,000 investment in ANZ shares a year ago be worth today? Let's find out.
What would a $10,000 buy of ANZ shares last year be worth today?
Well, 12 months ago, on 25 November 2021, ANZ shares closed up at a share price of $27.05 – a good 9% or so from where the bank is trading at today.
If an investor bought $10,000 worth of ANZ shares at that price, they would end up with 369 shares, with a little change left over.
Today, those 369 ANZ shares would be worth a total of $9,158.58, down almost $900.
Now, ANZ has paid out two dividends over the past 12 months, so we can't discount those. These two dividends add up to a total of $1.46 per share for the year. So we can add $538.74 in dividend income for our 369 shares.
But even adding that to the capital our investor would have today, we come up with a total of $9,697.32. So still underwater.
Thus, we can conclude that ANZ shares have been a fairly poor investment to have held over the past 12 months. Especially so considering the fate of the other three ASX 200 major bank shares.
