ADIV vs. EPP

Last updated Jun 24, 2026

ADIV (SmartETFs Asia Pacific Dividend Builder ETF) and EPP (iShares MSCI Pacific ex Japan ETF) are both Asia Pacific Equities funds. ADIV is actively managed, while EPP is passively managed. Over the past 5 years, ADIV returned 6.34%/yr vs 4.60%/yr for EPP. Their correlation of 0.81 suggests significant overlap in exposure. ADIV charges 0.78%/yr vs 0.48%/yr for EPP.

Performance

ADIV vs. EPP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SmartETFs Asia Pacific Dividend Builder ETF (ADIV) and iShares MSCI Pacific ex Japan ETF (EPP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ADIV achieves a 5.85% return, which is significantly lower than EPP's 6.84% return.

ADIV

• 1D: -2.00%
• 1M: -0.04%
• YTD: 5.85%
• 6M: 5.74%
• 1Y: 13.74%
• 3Y*: 17.39%
• 5Y*: 6.34%
• 10Y*: —

EPP

• 1D: -1.34%
• 1M: -1.93%
• YTD: 6.84%
• 6M: 5.29%
• 1Y: 13.95%
• 3Y*: 12.66%
• 5Y*: 4.60%
• 10Y*: 7.62%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ADIV vs. EPP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ADIV SmartETFs Asia Pacific Dividend Builder ETF	5.85%	21.86%	14.47%	12.28%	-18.00%	1.41%
EPP iShares MSCI Pacific ex Japan ETF	6.84%	19.70%	4.76%	5.76%	-6.59%	-1.52%

Correlation

The correlation between ADIV and EPP is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (All Time) Calculated using the full available price history since Mar 29, 2021	0.81

The correlation between ADIV and EPP shifts across timeframes, from 0.71 (1 year) to 0.81 (5 years), reflecting how their relationship changes across market environments.

ADIV vs. EPP - Sectors Allocation Comparison

Sectors	ADIV	EPP
Financial Services	31.8%	44.9%
Technology	26.6%	1.0%
Consumer Cyclical	15.4%	6.2%
Real Estate	8.3%	7.4%
Consumer Defensive	5.1%	2.9%
Healthcare	5.0%	3.3%
Communication Services	3.2%	2.6%
Utilities	2.4%	3.5%
Industrials	2.3%	8.5%
Basic Materials	-	17.0%
Energy	-	2.7%

Return for Risk

ADIV vs. EPP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ADIV

ADIV Risk / Return Rank: 29
ADIV Sharpe Ratio Rank: 29
ADIV Sortino Ratio Rank: 28
ADIV Omega Ratio Rank: 28
ADIV Calmar Ratio Rank: 29
ADIV Martin Ratio Rank: 32

EPP

EPP Risk / Return Rank: 29
EPP Sharpe Ratio Rank: 27
EPP Sortino Ratio Rank: 26
EPP Omega Ratio Rank: 26
EPP Calmar Ratio Rank: 34
EPP Martin Ratio Rank: 34

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ADIV vs. EPP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SmartETFs Asia Pacific Dividend Builder ETF (ADIV) and iShares MSCI Pacific ex Japan ETF (EPP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ADIV	EPP	Difference
Sharpe ratio: Return per unit of total volatility	0.99	0.92	+0.07
Sortino ratio: Return per unit of downside risk	1.44	1.36	+0.08
Omega ratio: Gain probability vs. loss probability	1.18	1.17	+0.01
Calmar ratio: Return relative to maximum drawdown	1.36	1.59	-0.23
Martin ratio: Return relative to average drawdown	4.40	4.68	-0.28

ADIV vs. EPP - Sharpe Ratio Comparison

The current ADIV Sharpe Ratio is 0.99, which is comparable to the EPP Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of ADIV and EPP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ADIV vs. EPP - Drawdown Comparison

The maximum ADIV drawdown since its inception was -31.55%, smaller than the maximum EPP drawdown of -66.01%. Use the drawdown chart below to compare losses from any high point for ADIV and EPP.

Drawdown Indicators

	ADIV	EPP	Difference
Max Drawdown Largest peak-to-trough decline	-31.55%	-66.01%	+34.46%
Max Drawdown (1Y) Largest decline over 1 year	-10.15%	-8.79%	-1.36%
Max Drawdown (3Y) Largest decline over 3 years	-18.53%	-19.29%	+0.76%
Max Drawdown (5Y) Largest decline over 5 years	-31.55%	-24.79%	-6.76%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.30%	—
Current Drawdown Current decline from peak	-3.17%	-5.22%	+2.05%
Average Drawdown Average peak-to-trough decline	-8.38%	-10.61%	+2.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	2.99%	+0.14%

Volatility

ADIV vs. EPP - Volatility Comparison

SmartETFs Asia Pacific Dividend Builder ETF (ADIV) and iShares MSCI Pacific ex Japan ETF (EPP) have volatilities of 5.46% and 5.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADIV	EPP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.46%	5.38%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	11.23%	12.79%	-1.56%
Volatility (1Y) Calculated over the trailing 1-year period	13.93%	15.18%	-1.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.58%	17.52%	-0.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.40%	19.06%	-2.66%

ADIV vs. EPP - Expense Ratio Comparison

ADIV has a 0.78% expense ratio, which is higher than EPP's 0.48% expense ratio.

Dividends

ADIV vs. EPP - Dividend Comparison

ADIV's dividend yield for the trailing twelve months is around 3.66%, more than EPP's 3.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADIV SmartETFs Asia Pacific Dividend Builder ETF	3.66%	2.77%	4.83%	4.55%	2.98%	13.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPP iShares MSCI Pacific ex Japan ETF	3.52%	3.77%	3.81%	4.10%	4.37%	4.58%	2.28%	3.89%	5.00%	4.15%	3.96%	4.90%

Frequently Asked Questions

Can I hold both ADIV and EPP in my portfolio?

ADIV and EPP have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ADIV or EPP?

ADIV has higher volatility (5.46%) compared to EPP (5.38%). In terms of maximum drawdown, ADIV dropped -31.55% vs EPP's -66.01%.

Which ETF is better, ADIV or EPP?

On 5-year performance, ADIV leads with 6.34% vs 4.60% for EPP. On fees, EPP is cheaper at 0.48% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ADIV or EPP?

Over the 5-year period, ADIV has performed better with a 6.34% return vs 4.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ADIV or EPP?

EPP is cheaper with a 0.48% expense ratio, compared with 0.78% for ADIV.

Which ETF pays a higher dividend yield, ADIV or EPP?

ADIV has the higher dividend yield at 3.66%, compared with 3.52% for EPP.

What is the main difference between ADIV and EPP?

They also come from different issuers: Guinness Atkinson Asset Management and iShares. Their fees differ too: 0.78% for ADIV and 0.48% for EPP.

Which has better risk-adjusted returns?

ADIV currently has the higher Sharpe Ratio (0.99 vs 0.92), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.