EPDIX vs. EPASX

Last updated Jun 5, 2026

EPDIX (EuroPac International Dividend Income Fund) and EPASX (EP Emerging Markets Small Companies Fund) are both mutual funds - EPDIX is a Foreign Large Cap Equities fund managed by Euro Pacific Asset Management, while EPASX is a Emerging Markets Diversified fund managed by Euro Pacific Asset Management. Over the past 10 years, EPDIX returned 10.34%/yr vs 5.90%/yr for EPASX. A 0.55 correlation means they provide meaningful diversification when combined. EPDIX charges 1.25%/yr vs 1.75%/yr for EPASX.

Performance

EPDIX vs. EPASX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in EuroPac International Dividend Income Fund (EPDIX) and EP Emerging Markets Small Companies Fund (EPASX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EPDIX achieves a 12.80% return, which is significantly higher than EPASX's 5.89% return. Over the past 10 years, EPDIX has outperformed EPASX with an annualized return of 10.34%, while EPASX has yielded a comparatively lower 5.90% annualized return.

EPDIX

• 1D: -1.04%
• 1M: 0.66%
• YTD: 12.80%
• 6M: 16.00%
• 1Y: 43.41%
• 3Y*: 24.26%
• 5Y*: 13.79%
• 10Y*: 10.34%

EPASX

• 1D: -1.59%
• 1M: -0.72%
• YTD: 5.89%
• 6M: 5.57%
• 1Y: 20.66%
• 3Y*: 10.39%
• 5Y*: -0.02%
• 10Y*: 5.90%

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

EPDIX vs. EPASX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EPDIX EuroPac International Dividend Income Fund	12.80%	62.35%	0.87%	7.85%	1.53%	8.04%	9.23%	13.33%	-10.74%	15.81%
EPASX EP Emerging Markets Small Companies Fund	5.89%	25.43%	0.64%	7.15%	-28.73%	9.75%	27.20%	14.82%	-21.57%	34.40%

Correlation

The correlation between EPDIX and EPASX is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (10Y) Calculated over the trailing 10-year period	0.57
Correlation (All Time) Calculated using the full available price history since Jan 14, 2014	0.55

The correlation between EPDIX and EPASX has been stable across timeframes, ranging from 0.55 to 0.64 - a consistent structural relationship.

Return for Risk

EPDIX vs. EPASX — Risk / Return Rank

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

EPDIX

EPDIX Risk / Return Rank: 85
EPDIX Sharpe Ratio Rank: 93
EPDIX Sortino Ratio Rank: 83
EPDIX Omega Ratio Rank: 84
EPDIX Calmar Ratio Rank: 85
EPDIX Martin Ratio Rank: 81

EPASX

EPASX Risk / Return Rank: 33
EPASX Sharpe Ratio Rank: 34
EPASX Sortino Ratio Rank: 31
EPASX Omega Ratio Rank: 35
EPASX Calmar Ratio Rank: 33
EPASX Martin Ratio Rank: 30

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.

EPDIX vs. EPASX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for EuroPac International Dividend Income Fund (EPDIX) and EP Emerging Markets Small Companies Fund (EPASX). 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.

	EPDIX	EPASX	Difference
Sharpe ratio: Return per unit of total volatility	3.19	1.66	+1.53
Sortino ratio: Return per unit of downside risk	4.00	2.30	+1.71
Omega ratio: Gain probability vs. loss probability	1.57	1.31	+0.26
Calmar ratio: Return relative to maximum drawdown	4.03	2.10	+1.93
Martin ratio: Return relative to average drawdown	15.07	6.88	+8.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EPDIX vs. EPASX - Sharpe Ratio Comparison

The current EPDIX Sharpe Ratio is 3.19, which is higher than the EPASX Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of EPDIX and EPASX, 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

	EPDIX	EPASX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.19	1.66	+1.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.99	-0.00	+0.99
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	0.39	+0.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.31	+0.18

Drawdowns

EPDIX vs. EPASX - Drawdown Comparison

The maximum EPDIX drawdown since its inception was -38.23%, smaller than the maximum EPASX drawdown of -41.54%. Use the drawdown chart below to compare losses from any high point for EPDIX and EPASX.

Drawdown Indicators

	EPDIX	EPASX	Difference
Max Drawdown Largest peak-to-trough decline	-38.23%	-41.54%	+3.31%
Max Drawdown (1Y) Largest decline over 1 year	-10.92%	-10.32%	-0.60%
Max Drawdown (3Y) Largest decline over 3 years	-13.01%	-17.18%	+4.17%
Max Drawdown (5Y) Largest decline over 5 years	-20.98%	-40.01%	+19.03%
Max Drawdown (10Y) Largest decline over 10 years	-32.84%	-41.54%	+8.70%
Current Drawdown Current decline from peak	-3.56%	-4.79%	+1.23%
Average Drawdown Average peak-to-trough decline	-10.78%	-15.64%	+4.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.91%	3.15%	-0.24%

Volatility

EPDIX vs. EPASX - Volatility Comparison

The current volatility for EuroPac International Dividend Income Fund (EPDIX) is 4.24%, while EP Emerging Markets Small Companies Fund (EPASX) has a volatility of 4.77%. This indicates that EPDIX experiences smaller price fluctuations and is considered to be less risky than EPASX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EPDIX	EPASX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.24%	4.77%	-0.53%
Volatility (6M) Calculated over the trailing 6-month period	11.62%	10.79%	+0.83%
Volatility (1Y) Calculated over the trailing 1-year period	13.81%	13.07%	+0.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.06%	14.63%	-0.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.90%	15.21%	-0.31%

EPDIX vs. EPASX - Expense Ratio Comparison

EPDIX has a 1.25% expense ratio, which is lower than EPASX's 1.75% expense ratio.

Dividends

EPDIX vs. EPASX - Dividend Comparison

EPDIX's dividend yield for the trailing twelve months is around 6.85%, more than EPASX's 1.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPASX EP Emerging Markets Small Companies Fund	1.84%	1.95%	2.00%	1.20%	0.50%	21.67%	0.54%	0.27%	11.18%	4.20%	1.50%	1.30%
EPDIX EuroPac International Dividend Income Fund	6.85%	7.71%	4.09%	3.32%	2.81%	2.31%	1.92%	2.68%	3.00%	2.93%	2.47%	3.88%

Frequently Asked Questions

Can I hold both EPDIX and EPASX in my portfolio?

EPDIX and EPASX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EPDIX or EPASX?

EPASX has higher volatility (4.77%) compared to EPDIX (4.24%). In terms of maximum drawdown, EPDIX dropped -38.23% vs EPASX's -41.54%.

Which has better risk-adjusted returns?

EPDIX currently has the higher Sharpe Ratio (3.19 vs 1.66), 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.