CATH vs. EPOL

Last updated Jun 19, 2026

CATH (Global X S&P 500 Catholic Values ETF) and EPOL (iShares MSCI Poland ETF) are both exchange-traded funds - CATH is a S&P 500 fund tracking the S&P 500 Catholic Values Index, while EPOL is a Europe Equities fund tracking the MSCI Poland Investable Market Index. Both are passively managed. Over the past 10 years, CATH returned 14.83%/yr vs 11.66%/yr for EPOL. A 0.52 correlation means they provide meaningful diversification when combined. CATH charges 0.29%/yr vs 0.61%/yr for EPOL.

Performance

CATH vs. EPOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X S&P 500 Catholic Values ETF (CATH) and iShares MSCI Poland ETF (EPOL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CATH achieves a 8.63% return, which is significantly lower than EPOL's 13.80% return. Over the past 10 years, CATH has outperformed EPOL with an annualized return of 14.83%, while EPOL has yielded a comparatively lower 11.66% annualized return.

CATH

• 1D: 1.08%
• 1M: 1.60%
• YTD: 8.63%
• 6M: 9.68%
• 1Y: 23.91%
• 3Y*: 19.32%
• 5Y*: 12.58%
• 10Y*: 14.83%

EPOL

• 1D: -1.19%
• 1M: 2.89%
• YTD: 13.80%
• 6M: 16.38%
• 1Y: 40.99%
• 3Y*: 33.30%
• 5Y*: 17.34%
• 10Y*: 11.66%

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

CATH vs. EPOL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CATH Global X S&P 500 Catholic Values ETF	8.63%	17.08%	23.34%	26.15%	-19.96%	28.87%	18.80%	30.64%	-5.80%	22.83%
EPOL iShares MSCI Poland ETF	13.80%	77.34%	-2.61%	50.70%	-24.62%	12.21%	-8.38%	-6.13%	-13.76%	52.43%

Correlation

The correlation between CATH and EPOL is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (10Y) Calculated over the trailing 10-year period	0.52
Correlation (All Time) Calculated using the full available price history since Apr 19, 2016	0.52

The correlation between CATH and EPOL has been stable across timeframes, ranging from 0.49 to 0.57 - a consistent structural relationship.

CATH vs. EPOL - Sectors Allocation Comparison

Sectors	CATH	EPOL
Technology	38.9%	2.0%
Financial Services	11.3%	44.6%
Communication Services	10.8%	5.7%
Consumer Cyclical	10.0%	13.1%
Industrials	7.9%	1.7%
Healthcare	7.8%	0.6%
Consumer Defensive	4.5%	5.8%
Energy	3.2%	14.5%
Utilities	2.1%	4.8%
Real Estate	1.8%	-
Basic Materials	1.7%	7.3%

Return for Risk

CATH vs. EPOL — Risk / Return Rank

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

CATH

CATH Risk / Return Rank: 60
CATH Sharpe Ratio Rank: 61
CATH Sortino Ratio Rank: 58
CATH Omega Ratio Rank: 59
CATH Calmar Ratio Rank: 55
CATH Martin Ratio Rank: 65

EPOL

EPOL Risk / Return Rank: 59
EPOL Sharpe Ratio Rank: 54
EPOL Sortino Ratio Rank: 54
EPOL Omega Ratio Rank: 48
EPOL Calmar Ratio Rank: 78
EPOL Martin Ratio Rank: 60

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.

CATH vs. EPOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Catholic Values ETF (CATH) and iShares MSCI Poland ETF (EPOL). 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.

	CATH	EPOL	Difference
Sharpe ratio: Return per unit of total volatility	1.90	1.74	+0.16
Sortino ratio: Return per unit of downside risk	2.59	2.45	+0.13
Omega ratio: Gain probability vs. loss probability	1.34	1.29	+0.05
Calmar ratio: Return relative to maximum drawdown	2.55	3.73	-1.18
Martin ratio: Return relative to average drawdown	11.11	10.19	+0.92

CATH vs. EPOL - Sharpe Ratio Comparison

The current CATH Sharpe Ratio is 1.90, which is comparable to the EPOL Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of CATH and EPOL, 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

CATH vs. EPOL - Drawdown Comparison

The maximum CATH drawdown since its inception was -33.95%, smaller than the maximum EPOL drawdown of -63.72%. Use the drawdown chart below to compare losses from any high point for CATH and EPOL.

Drawdown Indicators

	CATH	EPOL	Difference
Max Drawdown Largest peak-to-trough decline	-33.95%	-63.72%	+29.77%
Max Drawdown (1Y) Largest decline over 1 year	-9.42%	-11.04%	+1.62%
Max Drawdown (3Y) Largest decline over 3 years	-19.34%	-21.81%	+2.47%
Max Drawdown (5Y) Largest decline over 5 years	-28.14%	-54.21%	+26.07%
Max Drawdown (10Y) Largest decline over 10 years	-33.95%	-61.41%	+27.46%
Current Drawdown Current decline from peak	-1.37%	-2.31%	+0.94%
Average Drawdown Average peak-to-trough decline	-5.18%	-26.82%	+21.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	4.03%	-1.87%

Volatility

CATH vs. EPOL - Volatility Comparison

The current volatility for Global X S&P 500 Catholic Values ETF (CATH) is 4.54%, while iShares MSCI Poland ETF (EPOL) has a volatility of 7.58%. This indicates that CATH experiences smaller price fluctuations and is considered to be less risky than EPOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CATH	EPOL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.54%	7.58%	-3.04%
Volatility (6M) Calculated over the trailing 6-month period	9.90%	18.29%	-8.39%
Volatility (1Y) Calculated over the trailing 1-year period	12.62%	23.64%	-11.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.98%	29.17%	-11.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.64%	27.66%	-9.02%

CATH vs. EPOL - Expense Ratio Comparison

CATH has a 0.29% expense ratio, which is lower than EPOL's 0.61% expense ratio.

Dividends

CATH vs. EPOL - Dividend Comparison

CATH's dividend yield for the trailing twelve months is around 0.77%, less than EPOL's 3.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CATH Global X S&P 500 Catholic Values ETF	0.77%	0.84%	0.95%	1.16%	1.34%	1.03%	1.23%	0.68%	2.01%	1.27%	0.50%	0.00%
EPOL iShares MSCI Poland ETF	3.70%	4.78%	6.04%	2.87%	2.65%	1.33%	1.44%	2.51%	1.44%	1.88%	2.14%	2.53%

Frequently Asked Questions

Can I hold both CATH and EPOL in my portfolio?

CATH and EPOL have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CATH or EPOL?

EPOL has higher volatility (7.58%) compared to CATH (4.54%). In terms of maximum drawdown, CATH dropped -33.95% vs EPOL's -63.72%.

Which ETF is better, CATH or EPOL?

On 10-year performance, CATH leads with 14.83% vs 11.66% for EPOL. On fees, CATH is cheaper at 0.29% per year. On volatility, CATH has been the lower-risk option at 4.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CATH or EPOL?

Over the 10-year period, CATH has performed better with a 14.83% return vs 11.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CATH or EPOL?

CATH is cheaper with a 0.29% expense ratio, compared with 0.61% for EPOL.

Which ETF pays a higher dividend yield, CATH or EPOL?

EPOL has the higher dividend yield at 3.70%, compared with 0.77% for CATH.

What is the main difference between CATH and EPOL?

CATH is categorized as S&P 500, while EPOL is Europe Equities. CATH tracks S&P 500 Catholic Values Index, while EPOL tracks MSCI Poland Investable Market Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.29% for CATH and 0.61% for EPOL.

Which has better risk-adjusted returns?

CATH currently has the higher Sharpe Ratio (1.90 vs 1.74), 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.