ADVE vs. EPP

Last updated Jun 3, 2026

ADVE (Matthews Asia Dividend Active ETF) and EPP (iShares MSCI Pacific ex Japan ETF) are both Asia Pacific Equities funds. ADVE is actively managed, while EPP is passively managed. Over the past year, ADVE returned 42.25% vs 18.75% for EPP. Their correlation of 0.81 suggests significant overlap in exposure. ADVE charges 0.79%/yr vs 0.48%/yr for EPP.

Performance

ADVE vs. EPP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Matthews Asia Dividend Active ETF (ADVE) 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, ADVE achieves a 22.27% return, which is significantly higher than EPP's 10.76% return.

ADVE

• 1D: 1.38%
• 1M: 5.22%
• YTD: 22.27%
• 6M: 24.39%
• 1Y: 42.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EPP

• 1D: 1.05%
• 1M: 0.90%
• YTD: 10.76%
• 6M: 12.74%
• 1Y: 18.75%
• 3Y*: 13.66%
• 5Y*: 5.13%
• 10Y*: 7.72%

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

ADVE vs. EPP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ADVE Matthews Asia Dividend Active ETF	22.27%	26.12%	7.02%	5.13%
EPP iShares MSCI Pacific ex Japan ETF	10.76%	19.70%	4.76%	11.04%

Correlation

The correlation between ADVE and EPP is 0.76, 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	0.76
Correlation (All Time) Calculated using the full available price history since Sep 25, 2023	0.81

The correlation between ADVE and EPP has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.

ADVE vs. EPP - Sectors Allocation Comparison

Sectors	ADVE	EPP
Technology	29.0%	1.1%
Financial Services	27.3%	46.0%
Industrials	13.6%	8.6%
Communication Services	9.5%	2.7%
Consumer Cyclical	6.9%	6.0%
Real Estate	4.0%	7.8%
Basic Materials	3.4%	14.6%
Consumer Defensive	2.9%	3.0%
Energy	1.2%	2.9%
Utilities	1.1%	3.6%
Healthcare	1.1%	3.7%

Return for Risk

ADVE vs. EPP — Risk / Return Rank

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

ADVE

ADVE Risk / Return Rank: 76
ADVE Sharpe Ratio Rank: 76
ADVE Sortino Ratio Rank: 77
ADVE Omega Ratio Rank: 78
ADVE Calmar Ratio Rank: 73
ADVE Martin Ratio Rank: 75

EPP

EPP Risk / Return Rank: 39
EPP Sharpe Ratio Rank: 36
EPP Sortino Ratio Rank: 35
EPP Omega Ratio Rank: 35
EPP Calmar Ratio Rank: 46
EPP Martin Ratio Rank: 44

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.

ADVE vs. EPP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matthews Asia Dividend Active ETF (ADVE) 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.

	ADVE	EPP	Difference
Sharpe ratio Return per unit of total volatility	2.52	1.30	+1.21
Sortino ratio Return per unit of downside risk	3.50	1.86	+1.64
Omega ratio Gain probability vs. loss probability	1.47	1.24	+0.24
Calmar ratio Return relative to maximum drawdown	3.71	2.31	+1.39
Martin ratio Return relative to average drawdown	14.74	7.33	+7.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ADVE vs. EPP - Sharpe Ratio Comparison

The current ADVE Sharpe Ratio is 2.52, which is higher than the EPP Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of ADVE 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.

Sharpe Ratios by Period

	ADVE	EPP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.52	1.30	+1.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.30	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.41	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.46	0.39	+1.07

Drawdowns

ADVE vs. EPP - Drawdown Comparison

The maximum ADVE drawdown since its inception was -18.41%, smaller than the maximum EPP drawdown of -66.01%. Use the drawdown chart below to compare losses from any high point for ADVE and EPP.

Drawdown Indicators

	ADVE	EPP	Difference
Max Drawdown Largest peak-to-trough decline	-18.41%	-66.01%	+47.60%
Max Drawdown (1Y) Largest decline over 1 year	-11.73%	-8.79%	-2.94%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.29%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.31%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.30%	—
Current Drawdown Current decline from peak	0.00%	-1.74%	+1.74%
Average Drawdown Average peak-to-trough decline	-3.15%	-10.62%	+7.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	2.78%	+0.17%

Volatility

ADVE vs. EPP - Volatility Comparison

Matthews Asia Dividend Active ETF (ADVE) has a higher volatility of 5.98% compared to iShares MSCI Pacific ex Japan ETF (EPP) at 4.71%. This indicates that ADVE's price experiences larger fluctuations and is considered to be riskier than EPP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADVE	EPP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.98%	4.71%	+1.27%
Volatility (6M) Calculated over the trailing 6-month period	14.40%	11.89%	+2.51%
Volatility (1Y) Calculated over the trailing 1-year period	16.88%	14.52%	+2.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.69%	17.41%	-1.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.69%	19.11%	-3.42%

ADVE vs. EPP - Expense Ratio Comparison

ADVE has a 0.79% expense ratio, which is higher than EPP's 0.48% expense ratio.

Dividends

ADVE vs. EPP - Dividend Comparison

ADVE's dividend yield for the trailing twelve months is around 2.44%, less than EPP's 3.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADVE Matthews Asia Dividend Active ETF	2.44%	2.97%	6.00%	0.37%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPP iShares MSCI Pacific ex Japan ETF	3.41%	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 ADVE and EPP in my portfolio?

ADVE and EPP have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ADVE or EPP?

ADVE has higher volatility (5.98%) compared to EPP (4.71%). In terms of maximum drawdown, ADVE dropped -18.41% vs EPP's -66.01%.

Which ETF is better, ADVE or EPP?

On 1-year performance, ADVE leads with 42.25% vs 18.75% for EPP. On fees, EPP is cheaper at 0.48% per year. On volatility, EPP has been the lower-risk option at 4.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ADVE or EPP?

Over the 1-year period, ADVE has performed better with a 42.25% return vs 18.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ADVE or EPP?

EPP is cheaper with a 0.48% expense ratio, compared with 0.79% for ADVE.

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

EPP has the higher dividend yield at 3.41%, compared with 2.44% for ADVE.

What is the main difference between ADVE and EPP?

They also come from different issuers: Matthews and iShares. Their fees differ too: 0.79% for ADVE and 0.48% for EPP.

Which has better risk-adjusted returns?

ADVE currently has the higher Sharpe Ratio (2.52 vs 1.30), 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.