EPASX vs. EPLCX

Last updated Jun 3, 2026

EPASX (EP Emerging Markets Small Companies Fund) and EPLCX (MainStay Epoch U.S. Equity Yield Fund) are both mutual funds - EPASX is a Emerging Markets Diversified fund managed by Euro Pacific Asset Management, while EPLCX is a Large Cap Value Equities fund managed by New York Life. Over the past 10 years, EPASX returned 6.02%/yr vs 10.98%/yr for EPLCX. A 0.52 correlation means they provide meaningful diversification when combined. EPASX charges 1.75%/yr vs 0.73%/yr for EPLCX.

Performance

EPASX vs. EPLCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in EP Emerging Markets Small Companies Fund (EPASX) and MainStay Epoch U.S. Equity Yield Fund (EPLCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EPASX achieves a 7.08% return, which is significantly lower than EPLCX's 12.72% return. Over the past 10 years, EPASX has underperformed EPLCX with an annualized return of 6.02%, while EPLCX has yielded a comparatively higher 10.98% annualized return.

EPASX

• 1D: 1.54%
• 1M: 1.21%
• YTD: 7.08%
• 6M: 7.21%
• 1Y: 22.84%
• 3Y*: 10.80%
• 5Y*: 0.19%
• 10Y*: 6.02%

EPLCX

• 1D: -0.12%
• 1M: 3.38%
• YTD: 12.72%
• 6M: 13.67%
• 1Y: 25.06%
• 3Y*: 18.66%
• 5Y*: 11.52%
• 10Y*: 10.98%

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

EPASX vs. EPLCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EPASX EP Emerging Markets Small Companies Fund	7.08%	25.43%	0.64%	7.15%	-28.73%	9.75%	27.20%	14.82%	-21.57%	34.40%
EPLCX MainStay Epoch U.S. Equity Yield Fund	12.72%	14.03%	18.42%	8.83%	-2.56%	22.98%	0.24%	23.98%	-5.37%	16.91%

Correlation

The correlation between EPASX and EPLCX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (10Y) Calculated over the trailing 10-year period	0.51
Correlation (All Time) Calculated using the full available price history since Dec 9, 2010	0.52

The correlation between EPASX and EPLCX has been stable across timeframes, ranging from 0.45 to 0.52 - a consistent structural relationship.

Return for Risk

EPASX vs. EPLCX — Risk / Return Rank

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

EPASX

EPASX Risk / Return Rank: 35
EPASX Sharpe Ratio Rank: 39
EPASX Sortino Ratio Rank: 36
EPASX Omega Ratio Rank: 40
EPASX Calmar Ratio Rank: 33
EPASX Martin Ratio Rank: 30

EPLCX

EPLCX Risk / Return Rank: 79
EPLCX Sharpe Ratio Rank: 79
EPLCX Sortino Ratio Rank: 77
EPLCX Omega Ratio Rank: 68
EPLCX Calmar Ratio Rank: 86
EPLCX Martin Ratio Rank: 85

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.

EPASX vs. EPLCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for EP Emerging Markets Small Companies Fund (EPASX) and MainStay Epoch U.S. Equity Yield Fund (EPLCX). 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.

	EPASX	EPLCX	Difference
Sharpe ratio Return per unit of total volatility	1.82	2.58	-0.76
Sortino ratio Return per unit of downside risk	2.51	3.70	-1.19
Omega ratio Gain probability vs. loss probability	1.34	1.46	-0.12
Calmar ratio Return relative to maximum drawdown	2.18	4.08	-1.90
Martin ratio Return relative to average drawdown	7.19	16.08	-8.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EPASX vs. EPLCX - Sharpe Ratio Comparison

The current EPASX Sharpe Ratio is 1.82, which is comparable to the EPLCX Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of EPASX and EPLCX, 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

	EPASX	EPLCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.82	2.58	-0.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	0.86	-0.85
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	0.70	-0.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.77	-0.46

Drawdowns

EPASX vs. EPLCX - Drawdown Comparison

The maximum EPASX drawdown since its inception was -41.54%, which is greater than EPLCX's maximum drawdown of -35.85%. Use the drawdown chart below to compare losses from any high point for EPASX and EPLCX.

Drawdown Indicators

	EPASX	EPLCX	Difference
Max Drawdown Largest peak-to-trough decline	-41.54%	-35.85%	-5.69%
Max Drawdown (1Y) Largest decline over 1 year	-10.32%	-6.37%	-3.95%
Max Drawdown (3Y) Largest decline over 3 years	-17.18%	-14.25%	-2.93%
Max Drawdown (5Y) Largest decline over 5 years	-40.01%	-16.12%	-23.89%
Max Drawdown (10Y) Largest decline over 10 years	-41.54%	-35.85%	-5.69%
Current Drawdown Current decline from peak	-3.71%	-0.12%	-3.59%
Average Drawdown Average peak-to-trough decline	-15.65%	-3.54%	-12.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	1.62%	+1.51%

Volatility

EPASX vs. EPLCX - Volatility Comparison

EP Emerging Markets Small Companies Fund (EPASX) has a higher volatility of 4.45% compared to MainStay Epoch U.S. Equity Yield Fund (EPLCX) at 2.94%. This indicates that EPASX's price experiences larger fluctuations and is considered to be riskier than EPLCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EPASX	EPLCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.45%	2.94%	+1.51%
Volatility (6M) Calculated over the trailing 6-month period	10.66%	7.42%	+3.24%
Volatility (1Y) Calculated over the trailing 1-year period	12.99%	9.89%	+3.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.61%	13.49%	+1.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.20%	15.67%	-0.47%

EPASX vs. EPLCX - Expense Ratio Comparison

EPASX has a 1.75% expense ratio, which is higher than EPLCX's 0.73% expense ratio.

Dividends

EPASX vs. EPLCX - Dividend Comparison

EPASX's dividend yield for the trailing twelve months is around 1.82%, less than EPLCX's 6.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPASX EP Emerging Markets Small Companies Fund	1.82%	1.95%	2.00%	1.20%	0.50%	21.67%	0.54%	0.27%	11.18%	4.20%	1.50%	1.30%
EPLCX MainStay Epoch U.S. Equity Yield Fund	6.52%	7.30%	10.72%	5.56%	3.83%	1.90%	2.36%	4.00%	5.75%	5.55%	1.98%	6.59%

Frequently Asked Questions

Can I hold both EPASX and EPLCX in my portfolio?

EPASX and EPLCX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EPASX or EPLCX?

EPASX has higher volatility (4.45%) compared to EPLCX (2.94%). In terms of maximum drawdown, EPASX dropped -41.54% vs EPLCX's -35.85%.

Which has better risk-adjusted returns?

EPLCX currently has the higher Sharpe Ratio (2.58 vs 1.82), 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.