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EIDO vs. EPHE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EIDO vs. EPHE

Last updated Jun 4, 2026

EIDO (iShares MSCI Indonesia ETF) and EPHE (iShares MSCI Philippines ETF) are both Asia Pacific Equities funds from iShares - EIDO tracks the MSCI Indonesia Investable Market Index while EPHE tracks the MSCI Philippines Investable Market Index. Both are passively managed. Over the past 10 years, EIDO returned -3.97%/yr vs -3.20%/yr for EPHE. A 0.53 correlation means they provide meaningful diversification when combined. Both charge a 0.59% expense ratio.

Performance

EIDO vs. EPHE - Performance Comparison

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

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Returns By Period

In the year-to-date period, EIDO achieves a -34.87% return, which is significantly lower than EPHE's -1.12% return. Over the past 10 years, EIDO has underperformed EPHE with an annualized return of -3.97%, while EPHE has yielded a comparatively higher -3.20% annualized return.

EIDO

1D
-4.99%
1M
-17.26%
YTD
-34.87%
6M
-34.69%
1Y
-31.45%
3Y*
-16.90%
5Y*
-8.84%
10Y*
-3.97%

EPHE

1D
0.24%
1M
1.36%
YTD
-1.12%
6M
0.64%
1Y
-9.52%
3Y*
0.24%
5Y*
-3.12%
10Y*
-3.20%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EIDO vs. EPHE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EIDO
iShares MSCI Indonesia ETF		-34.87%4.90%-13.02%2.56%-0.16%-0.60%-7.13%5.30%-10.88%19.40%
EPHE
iShares MSCI Philippines ETF		-1.12%1.56%-1.41%1.27%-15.87%-2.23%-3.95%8.50%-17.50%20.20%

Correlation

The correlation between EIDO and EPHE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.33

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

0.39

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

0.37

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

0.47

Correlation (All Time)
Calculated using the full available price history since Sep 30, 2010

0.53

The correlation between EIDO and EPHE shifts across timeframes, from 0.33 (1 year) to 0.53 (all time), reflecting how their relationship changes across market environments.

EIDO vs. EPHE - Sectors Allocation Comparison

Sectors
EIDO
EPHE

Financial Services

37.8%
17.3%

Basic Materials

18.5%
1.0%

Energy

10.6%
1.3%

Communication Services

8.7%
5.3%

Consumer Defensive

7.5%
4.6%

Industrials

6.1%
32.0%

Technology

2.7%

-

Utilities

2.4%
14.3%

Healthcare

2.4%

-

Real Estate

1.8%
10.7%

Consumer Cyclical

1.6%
13.6%

Financial Services

EIDO
37.8%
EPHE
17.3%

Basic Materials

EIDO
18.5%
EPHE
1.0%

Energy

EIDO
10.6%
EPHE
1.3%

Communication Services

EIDO
8.7%
EPHE
5.3%

Consumer Defensive

EIDO
7.5%
EPHE
4.6%

Industrials

EIDO
6.1%
EPHE
32.0%

Technology

EIDO
2.7%
EPHE

-

Utilities

EIDO
2.4%
EPHE
14.3%

Healthcare

EIDO
2.4%
EPHE

-

Real Estate

EIDO
1.8%
EPHE
10.7%

Consumer Cyclical

EIDO
1.6%
EPHE
13.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Indonesia ETF

iShares MSCI Philippines ETF

Often compared with EIDO:
EIDO vs. IDXEIDO vs. EWYEIDO vs. INDAEIDO vs. ASEAEIDO vs. EWMEIDO vs. EWWEIDO vs. EWS
Often compared with EPHE:
EPHE vs. VOOEPHE vs. EWYEPHE vs. VTEPHE vs. VXUSEPHE vs. VTIEPHE vs. GOVTEPHE vs. ITOT

Return for Risk

EIDO vs. EPHE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EIDO
EIDO Risk / Return Rank: 11
Overall Rank
EIDO Sharpe Ratio Rank: 00
Sharpe Ratio Rank
EIDO Sortino Ratio Rank: 11
Sortino Ratio Rank
EIDO Omega Ratio Rank: 00
Omega Ratio Rank
EIDO Calmar Ratio Rank: 22
Calmar Ratio Rank
EIDO Martin Ratio Rank: 00
Martin Ratio Rank
EPHE
EPHE Risk / Return Rank: 44
Overall Rank
EPHE Sharpe Ratio Rank: 44
Sharpe Ratio Rank
EPHE Sortino Ratio Rank: 44
Sortino Ratio Rank
EPHE Omega Ratio Rank: 44
Omega Ratio Rank
EPHE Calmar Ratio Rank: 44
Calmar Ratio Rank
EPHE Martin Ratio Rank: 44
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.

EIDO vs. EPHE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Indonesia ETF (EIDO) and iShares MSCI Philippines ETF (EPHE). 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.

EIDOEPHEDifference
Sharpe ratioReturn per unit of total volatility
-1.41
-0.51

-0.91

Sortino ratioReturn per unit of downside risk
-1.96
-0.62

-1.34

Omega ratioGain probability vs. loss probability

0.75

0.93

-0.18

Calmar ratioReturn relative to maximum drawdown

-0.86

-0.59

-0.27

Martin ratioReturn relative to average drawdown

-2.63

-1.05

-1.58

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EIDO vs. EPHE - Sharpe Ratio Comparison

The current EIDO Sharpe Ratio is -1.41, which is lower than the EPHE Sharpe Ratio of -0.51. The chart below compares the historical Sharpe Ratios of EIDO and EPHE, 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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Sharpe Ratios by Period

EIDOEPHEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-1.41

-0.51

-0.91

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.45

-0.17

-0.28

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.16

-0.14

-0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.06

0.05

-0.11

Drawdowns

EIDO vs. EPHE - Drawdown Comparison

The maximum EIDO drawdown since its inception was -63.21%, which is greater than EPHE's maximum drawdown of -53.82%. Use the drawdown chart below to compare losses from any high point for EIDO and EPHE.

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Drawdown Indicators

EIDOEPHEDifference

Max Drawdown

Largest peak-to-trough decline

-63.21%

-53.82%

-9.39%

Max Drawdown (1Y)

Largest decline over 1 year

-36.63%

-16.22%

-20.41%

Max Drawdown (3Y)

Largest decline over 3 years

-45.60%

-21.42%

-24.18%

Max Drawdown (5Y)

Largest decline over 5 years

-45.60%

-32.96%

-12.64%

Max Drawdown (10Y)

Largest decline over 10 years

-59.41%

-51.62%

-7.79%

Current Drawdown

Current decline from peak

-55.54%

-34.62%

-20.92%

Average Drawdown

Average peak-to-trough decline

-24.63%

-20.98%

-3.65%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.98%

9.08%

+2.90%

Volatility

EIDO vs. EPHE - Volatility Comparison

iShares MSCI Indonesia ETF (EIDO) has a higher volatility of 7.47% compared to iShares MSCI Philippines ETF (EPHE) at 5.60%. This indicates that EIDO's price experiences larger fluctuations and is considered to be riskier than EPHE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EIDOEPHEDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.47%

5.60%

+1.87%

Volatility (6M)

Calculated over the trailing 6-month period

18.22%

13.77%

+4.45%

Volatility (1Y)

Calculated over the trailing 1-year period

22.35%

18.87%

+3.48%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.77%

18.05%

+1.72%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.77%

22.24%

+2.53%

EIDO vs. EPHE - Expense Ratio Comparison

Both EIDO and EPHE have an expense ratio of 0.59%.

Dividends

EIDO vs. EPHE - Dividend Comparison

EIDO's dividend yield for the trailing twelve months is around 5.46%, more than EPHE's 2.13% yield.

PositionTTM20252024202320222021202020192018201720162015
EIDO
iShares MSCI Indonesia ETF		5.46%3.56%5.20%2.94%2.53%1.33%1.51%1.78%1.99%1.26%1.16%1.67%
EPHE
iShares MSCI Philippines ETF		2.13%2.11%2.32%2.01%1.73%1.05%0.72%0.78%0.45%0.36%0.71%1.03%

Frequently Asked Questions

EIDO and EPHE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EIDO has higher volatility (7.47%) compared to EPHE (5.60%). In terms of maximum drawdown, EIDO dropped -63.21% vs EPHE's -53.82%.

On 10-year performance, EPHE leads with -3.20% vs -3.97% for EIDO. Both ETFs have the same 0.59% expense ratio. On volatility, EPHE has been the lower-risk option at 5.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, EPHE has performed better with a -3.20% return vs -3.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EIDO and EPHE have the same expense ratio: 0.59% per year.

EIDO has the higher dividend yield at 5.46%, compared with 2.13% for EPHE.

EIDO tracks MSCI Indonesia Investable Market Index, while EPHE tracks MSCI Philippines Investable Market Index.

EPHE currently has the higher Sharpe Ratio (-0.51 vs -1.41), 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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