EPHE vs. EIDO

Last updated Jun 4, 2026

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

Performance

EPHE vs. EIDO - Performance Comparison

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

Returns By Period

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

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%

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%

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

EPHE vs. EIDO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
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%

Correlation

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

EPHE vs. EIDO - Sectors Allocation Comparison

Sectors	EPHE	EIDO
Industrials	32.0%	6.1%
Financial Services	17.3%	37.8%
Utilities	14.3%	2.4%
Consumer Cyclical	13.6%	1.6%
Real Estate	10.7%	1.8%
Communication Services	5.3%	8.7%
Consumer Defensive	4.6%	7.5%
Energy	1.3%	10.6%
Basic Materials	1.0%	18.5%
Healthcare	-	2.4%
Technology	-	2.7%

Return for Risk

EPHE vs. EIDO — Risk / Return Rank

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

EPHE

EPHE Risk / Return Rank: 4
EPHE Sharpe Ratio Rank: 4
EPHE Sortino Ratio Rank: 4
EPHE Omega Ratio Rank: 4
EPHE Calmar Ratio Rank: 4
EPHE Martin Ratio Rank: 4

EIDO

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

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.

EPHE vs. EIDO - Risk-Adjusted Trends Comparison

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

	EPHE	EIDO	Difference
Sharpe ratio Return per unit of total volatility	-0.51	-1.41	+0.91
Sortino ratio Return per unit of downside risk	-0.62	-1.96	+1.34
Omega ratio Gain probability vs. loss probability	0.93	0.75	+0.18
Calmar ratio Return relative to maximum drawdown	-0.59	-0.86	+0.27
Martin ratio Return relative to average drawdown	-1.05	-2.63	+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.

EPHE vs. EIDO - Sharpe Ratio Comparison

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

	EPHE	EIDO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.51	-1.41	+0.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.17	-0.45	+0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.14	-0.16	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	-0.06	+0.11

Drawdowns

EPHE vs. EIDO - Drawdown Comparison

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

Drawdown Indicators

	EPHE	EIDO	Difference
Max Drawdown Largest peak-to-trough decline	-53.82%	-63.21%	+9.39%
Max Drawdown (1Y) Largest decline over 1 year	-16.22%	-36.63%	+20.41%
Max Drawdown (3Y) Largest decline over 3 years	-21.42%	-45.60%	+24.18%
Max Drawdown (5Y) Largest decline over 5 years	-32.96%	-45.60%	+12.64%
Max Drawdown (10Y) Largest decline over 10 years	-51.62%	-59.41%	+7.79%
Current Drawdown Current decline from peak	-34.62%	-55.54%	+20.92%
Average Drawdown Average peak-to-trough decline	-20.98%	-24.63%	+3.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.08%	11.98%	-2.90%

Volatility

EPHE vs. EIDO - Volatility Comparison

The current volatility for iShares MSCI Philippines ETF (EPHE) is 5.60%, while iShares MSCI Indonesia ETF (EIDO) has a volatility of 7.47%. This indicates that EPHE experiences smaller price fluctuations and is considered to be less risky than EIDO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EPHE	EIDO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.60%	7.47%	-1.87%
Volatility (6M) Calculated over the trailing 6-month period	13.77%	18.22%	-4.45%
Volatility (1Y) Calculated over the trailing 1-year period	18.87%	22.35%	-3.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.05%	19.77%	-1.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.24%	24.77%	-2.53%

EPHE vs. EIDO - Expense Ratio Comparison

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

Dividends

EPHE vs. EIDO - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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

Can I hold both EPHE and EIDO in my portfolio?

EPHE and EIDO 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.

Which is riskier, EPHE or EIDO?

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

Which ETF is better, EPHE or EIDO?

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.

Which ETF has performed better, EPHE or EIDO?

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.

Which ETF is cheaper, EPHE or EIDO?

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

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

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

What is the main difference between EPHE and EIDO?

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

Which has better risk-adjusted returns?

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.