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ECH vs. EPOL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ECH vs. EPOL

Last updated Jun 23, 2026

ECH (iShares MSCI Chile ETF) and EPOL (iShares MSCI Poland ETF) are both exchange-traded funds - ECH is a Foreign Large Cap Equities fund tracking the MSCI Chile Investable Market Index, while EPOL is a Europe Equities fund tracking the MSCI Poland Investable Market Index. Both are passively managed. Over the past 10 years, ECH returned 4.74%/yr vs 12.14%/yr for EPOL. A 0.51 correlation means they provide meaningful diversification when combined. ECH charges 0.59%/yr vs 0.61%/yr for EPOL.

Performance

ECH vs. EPOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Chile ETF (ECH) and iShares MSCI Poland ETF (EPOL). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ECH achieves a 2.63% return, which is significantly lower than EPOL's 12.68% return. Over the past 10 years, ECH has underperformed EPOL with an annualized return of 4.74%, while EPOL has yielded a comparatively higher 12.14% annualized return.

ECH

1D
0.39%
1M
2.91%
YTD
2.63%
6M
4.41%
1Y
38.25%
3Y*
15.48%
5Y*
11.62%
10Y*
4.74%

EPOL

1D
-0.98%
1M
-0.74%
YTD
12.68%
6M
12.65%
1Y
37.91%
3Y*
33.91%
5Y*
16.68%
10Y*
12.14%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ECH vs. EPOL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ECH
iShares MSCI Chile ETF		2.63%65.41%-8.67%9.01%25.12%-19.80%-7.13%-17.79%-18.98%41.79%
EPOL
iShares MSCI Poland ETF		12.68%77.34%-2.61%50.70%-24.62%12.21%-8.38%-6.13%-13.76%52.43%

Correlation

The correlation between ECH and EPOL is 0.50, 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

0.50

Correlation (3Y)
Calculated over the trailing 3-year period

0.47

Correlation (5Y)
Calculated over the trailing 5-year period

0.46

Correlation (10Y)
Calculated over the trailing 10-year period

0.48

Correlation (All Time)
Calculated using the full available price history since May 26, 2010

0.51

The correlation between ECH and EPOL has been stable across timeframes, ranging from 0.46 to 0.51 - a consistent structural relationship.

ECH vs. EPOL - Sectors Allocation Comparison

Sectors
ECH
EPOL

Financial Services

21.8%
44.6%

Basic Materials

20.1%
7.3%

Industrials

15.7%
1.7%

Utilities

12.9%
4.8%

Consumer Cyclical

12.4%
13.1%

Real Estate

7.7%

-

Consumer Defensive

7.6%
5.8%

Communication Services

1.7%
5.7%

Energy

-

14.5%

Healthcare

-

0.6%

Technology

-

2.0%

Financial Services

ECH
21.8%
EPOL
44.6%

Basic Materials

ECH
20.1%
EPOL
7.3%

Industrials

ECH
15.7%
EPOL
1.7%

Utilities

ECH
12.9%
EPOL
4.8%

Consumer Cyclical

ECH
12.4%
EPOL
13.1%

Real Estate

ECH
7.7%
EPOL

-

Consumer Defensive

ECH
7.6%
EPOL
5.8%

Communication Services

ECH
1.7%
EPOL
5.7%

Energy

ECH

-

EPOL
14.5%

Healthcare

ECH

-

EPOL
0.6%

Technology

ECH

-

EPOL
2.0%

Compare stocks, funds, or ETFs

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iShares MSCI Chile ETF

iShares MSCI Poland ETF

Often compared with ECH:
ECH vs. EWZECH vs. EWWECH vs. EPUECH vs. EWZSECH vs. EWYECH vs. SCHDECH vs. SPYG
Often compared with EPOL:
EPOL vs. SPYEPOL vs. EWQEPOL vs. IBCJ.DEEPOL vs. EIRLEPOL vs. EWWEPOL vs. EWPEPOL vs. EWK

Return for Risk

ECH vs. EPOL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ECH
ECH Risk / Return Rank: 4040
Overall Rank
ECH Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
ECH Sortino Ratio Rank: 4242
Sortino Ratio Rank
ECH Omega Ratio Rank: 4141
Omega Ratio Rank
ECH Calmar Ratio Rank: 4040
Calmar Ratio Rank
ECH Martin Ratio Rank: 3232
Martin Ratio Rank
EPOL
EPOL Risk / Return Rank: 5353
Overall Rank
EPOL Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
EPOL Sortino Ratio Rank: 4747
Sortino Ratio Rank
EPOL Omega Ratio Rank: 4343
Omega Ratio Rank
EPOL Calmar Ratio Rank: 7171
Calmar Ratio Rank
EPOL Martin Ratio Rank: 5656
Martin Ratio Rank
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.

ECH vs. EPOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Chile ETF (ECH) 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.

ECHEPOLDifference
Sharpe ratioReturn per unit of total volatility
1.51
1.61

-0.10

Sortino ratioReturn per unit of downside risk
2.06
2.30

-0.24

Omega ratioGain probability vs. loss probability

1.26

1.27

-0.01

Calmar ratioReturn relative to maximum drawdown

1.95

3.45

-1.50

Martin ratioReturn relative to average drawdown

4.58

9.41

-4.83

ECH vs. EPOL - Sharpe Ratio Comparison

The current ECH Sharpe Ratio is 1.51, which is comparable to the EPOL Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of ECH 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.

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Drawdowns

ECH vs. EPOL - Drawdown Comparison

The maximum ECH drawdown since its inception was -74.08%, which is greater than EPOL's maximum drawdown of -63.72%. Use the drawdown chart below to compare losses from any high point for ECH and EPOL.

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Drawdown Indicators

ECHEPOLDifference

Max Drawdown

Largest peak-to-trough decline

-74.08%

-63.72%

-10.36%

Max Drawdown (1Y)

Largest decline over 1 year

-19.74%

-11.04%

-8.70%

Max Drawdown (3Y)

Largest decline over 3 years

-25.59%

-21.81%

-3.78%

Max Drawdown (5Y)

Largest decline over 5 years

-25.59%

-54.21%

+28.62%

Max Drawdown (10Y)

Largest decline over 10 years

-66.89%

-61.41%

-5.48%

Current Drawdown

Current decline from peak

-23.74%

-3.27%

-20.47%

Average Drawdown

Average peak-to-trough decline

-37.48%

-26.81%

-10.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.37%

4.04%

+4.33%

Volatility

ECH vs. EPOL - Volatility Comparison

iShares MSCI Chile ETF (ECH) has a higher volatility of 8.61% compared to iShares MSCI Poland ETF (EPOL) at 7.36%. This indicates that ECH's price experiences larger fluctuations and is considered to be riskier than EPOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ECHEPOLDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.61%

7.36%

+1.25%

Volatility (6M)

Calculated over the trailing 6-month period

21.15%

18.32%

+2.83%

Volatility (1Y)

Calculated over the trailing 1-year period

25.54%

23.69%

+1.85%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.62%

29.17%

-1.55%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.28%

27.64%

-0.36%

ECH vs. EPOL - Expense Ratio Comparison

ECH has a 0.59% expense ratio, which is lower than EPOL's 0.61% expense ratio.

Dividends

ECH vs. EPOL - Dividend Comparison

ECH's dividend yield for the trailing twelve months is around 1.92%, less than EPOL's 3.74% yield.

PositionTTM20252024202320222021202020192018201720162015
ECH
iShares MSCI Chile ETF		1.92%2.01%3.12%4.77%6.73%5.49%2.16%2.47%2.37%1.42%1.85%2.13%
EPOL
iShares MSCI Poland ETF		3.74%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

ECH and EPOL have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ECH has higher volatility (8.61%) compared to EPOL (7.36%). In terms of maximum drawdown, ECH dropped -74.08% vs EPOL's -63.72%.

On 10-year performance, EPOL leads with 12.14% vs 4.74% for ECH. On fees, ECH is cheaper at 0.59% per year. On volatility, EPOL has been the lower-risk option at 7.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, EPOL has performed better with a 12.14% return vs 4.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ECH is cheaper with a 0.59% expense ratio, compared with 0.61% for EPOL.

EPOL has the higher dividend yield at 3.74%, compared with 1.92% for ECH.

ECH is categorized as Foreign Large Cap Equities, while EPOL is Europe Equities. ECH tracks MSCI Chile Investable Market Index, while EPOL tracks MSCI Poland Investable Market Index. Their fees differ too: 0.59% for ECH and 0.61% for EPOL.

EPOL currently has the higher Sharpe Ratio (1.61 vs 1.51), 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.

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