EIDO vs. MDST

Last updated Jun 24, 2026

EIDO (iShares MSCI Indonesia ETF) and MDST (Westwood Salient Enhanced Midstream Income ETF) are both exchange-traded funds - EIDO is a Asia Pacific Equities fund tracking the MSCI Indonesia Investable Market Index, while MDST is a Energy Equities fund actively managed by Westwood. EIDO is passively managed, while MDST is actively managed. Over the past year, EIDO returned -25.70% vs 20.94% for MDST. At a 0.05 correlation, their price movements are largely independent. EIDO charges 0.59%/yr vs 0.80%/yr for MDST.

Performance

EIDO vs. MDST - Performance Comparison

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

Returns By Period

In the year-to-date period, EIDO achieves a -33.53% return, which is significantly lower than MDST's 16.53% return.

EIDO

• 1D: 0.41%
• 1M: -5.05%
• YTD: -33.53%
• 6M: -32.96%
• 1Y: -25.70%
• 3Y*: -15.88%
• 5Y*: -7.01%
• 10Y*: -3.60%

MDST

• 1D: 1.73%
• 1M: -1.91%
• YTD: 16.53%
• 6M: 16.66%
• 1Y: 20.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EIDO vs. MDST - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EIDO iShares MSCI Indonesia ETF	-33.53%	4.90%	-11.88%
MDST Westwood Salient Enhanced Midstream Income ETF	16.53%	7.09%	17.03%

Correlation

The correlation between EIDO and MDST is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.13
Correlation (All Time) Calculated using the full available price history since Apr 9, 2024	0.05

The correlation between EIDO and MDST shifts across timeframes, from -0.13 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.

EIDO vs. MDST - Sectors Allocation Comparison

Sectors	EIDO	MDST
Financial Services	42.5%	-
Basic Materials	12.8%	-
Communication Services	10.2%	-
Energy	9.2%	100.0%
Consumer Defensive	7.9%	-
Industrials	5.2%	-
Technology	3.9%	-
Real Estate	2.4%	-
Consumer Cyclical	2.1%	-
Utilities	2.0%	-
Healthcare	1.8%	-

Return for Risk

EIDO vs. MDST — Risk / Return Rank

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

EIDO

EIDO Risk / Return Rank: 2
EIDO Sharpe Ratio Rank: 1
EIDO Sortino Ratio Rank: 2
EIDO Omega Ratio Rank: 1
EIDO Calmar Ratio Rank: 4
EIDO Martin Ratio Rank: 0

MDST

MDST Risk / Return Rank: 55
MDST Sharpe Ratio Rank: 53
MDST Sortino Ratio Rank: 54
MDST Omega Ratio Rank: 52
MDST Calmar Ratio Rank: 67
MDST Martin Ratio Rank: 52

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. MDST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Indonesia ETF (EIDO) and Westwood Salient Enhanced Midstream Income ETF (MDST). 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.

	EIDO	MDST	Difference
Sharpe ratio: Return per unit of total volatility	-1.01	1.69	-2.71
Sortino ratio: Return per unit of downside risk	-1.38	2.42	-3.80
Omega ratio: Gain probability vs. loss probability	0.82	1.30	-0.48
Calmar ratio: Return relative to maximum drawdown	-0.59	3.12	-3.71
Martin ratio: Return relative to average drawdown	-1.77	8.43	-10.21

EIDO vs. MDST - Sharpe Ratio Comparison

The current EIDO Sharpe Ratio is -1.01, which is lower than the MDST Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of EIDO and MDST, 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

EIDO vs. MDST - Drawdown Comparison

The maximum EIDO drawdown since its inception was -63.21%, which is greater than MDST's maximum drawdown of -14.19%. Use the drawdown chart below to compare losses from any high point for EIDO and MDST.

Drawdown Indicators

	EIDO	MDST	Difference
Max Drawdown Largest peak-to-trough decline	-63.21%	-14.19%	-49.02%
Max Drawdown (1Y) Largest decline over 1 year	-43.81%	-6.74%	-37.07%
Max Drawdown (3Y) Largest decline over 3 years	-51.77%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-51.77%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-59.41%	—	—
Current Drawdown Current decline from peak	-54.63%	-2.20%	-52.43%
Average Drawdown Average peak-to-trough decline	-24.72%	-2.20%	-22.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.51%	2.49%	+12.02%

Volatility

EIDO vs. MDST - Volatility Comparison

iShares MSCI Indonesia ETF (EIDO) has a higher volatility of 14.34% compared to Westwood Salient Enhanced Midstream Income ETF (MDST) at 4.87%. This indicates that EIDO's price experiences larger fluctuations and is considered to be riskier than MDST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EIDO	MDST	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.34%	4.87%	+9.47%
Volatility (6M) Calculated over the trailing 6-month period	22.25%	8.71%	+13.54%
Volatility (1Y) Calculated over the trailing 1-year period	25.45%	12.45%	+13.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.51%	16.11%	+4.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.98%	16.11%	+8.87%

EIDO vs. MDST - Expense Ratio Comparison

EIDO has a 0.59% expense ratio, which is lower than MDST's 0.80% expense ratio.

Dividends

EIDO vs. MDST - Dividend Comparison

EIDO's dividend yield for the trailing twelve months is around 3.35%, less than MDST's 9.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EIDO iShares MSCI Indonesia ETF	3.35%	3.56%	5.20%	2.94%	2.53%	1.33%	1.51%	1.78%	1.99%	1.26%	1.16%	1.67%
MDST Westwood Salient Enhanced Midstream Income ETF	9.20%	10.22%	6.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EIDO and MDST in my portfolio?

EIDO and MDST have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EIDO or MDST?

EIDO has higher volatility (14.34%) compared to MDST (4.87%). In terms of maximum drawdown, EIDO dropped -63.21% vs MDST's -14.19%.

Which ETF is better, EIDO or MDST?

On 1-year performance, MDST leads with 20.94% vs -25.70% for EIDO. On fees, EIDO is cheaper at 0.59% per year. On volatility, MDST has been the lower-risk option at 4.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EIDO or MDST?

Over the 1-year period, MDST has performed better with a 20.94% return vs -25.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EIDO or MDST?

EIDO is cheaper with a 0.59% expense ratio, compared with 0.80% for MDST.

Which ETF pays a higher dividend yield, EIDO or MDST?

MDST has the higher dividend yield at 9.20%, compared with 3.35% for EIDO.

What is the main difference between EIDO and MDST?

EIDO is categorized as Asia Pacific Equities, while MDST is Energy Equities. They also come from different issuers: iShares and Westwood. Their fees differ too: 0.59% for EIDO and 0.80% for MDST.

Which has better risk-adjusted returns?

MDST currently has the higher Sharpe Ratio (1.69 vs -1.01), 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.