EPHE vs. EURUSD=X
EPHE (iShares MSCI Philippines ETF) is Asia Pacific Equities fund tracking the MSCI Philippines Investable Market Index, while EURUSD=X (Euro / U.S. Dollar) is a currency. Over the past 10 years, EPHE returned -2.82%/yr vs 0.32%/yr for EURUSD=X. At a 0.19 correlation, their price movements are largely independent.
Performance
EPHE vs. EURUSD=X - Performance Comparison
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Returns By Period
In the year-to-date period, EPHE achieves a 0.32% return, which is significantly higher than EURUSD=X's -1.52% return. Over the past 10 years, EPHE has underperformed EURUSD=X with an annualized return of -2.82%, while EURUSD=X has yielded a comparatively higher 0.32% annualized return.
EPHE
- 1D
- 0.97%
- 1M
- 0.81%
- YTD
- 0.32%
- 6M
- 1.21%
- 1Y
- -7.80%
- 3Y*
- 0.90%
- 5Y*
- -3.02%
- 10Y*
- -2.82%
EURUSD=X
- 1D
- -0.11%
- 1M
- -0.88%
- YTD
- -1.52%
- 6M
- -1.48%
- 1Y
- 0.14%
- 3Y*
- 2.34%
- 5Y*
- -0.91%
- 10Y*
- 0.32%
EPHE vs. EURUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EPHE iShares MSCI Philippines ETF | 0.32% | 1.56% | -1.41% | 1.27% | -15.87% | -2.23% | -3.95% | 8.50% | -17.50% | 20.20% |
EURUSD=X Euro / U.S. Dollar | -1.52% | 13.43% | -6.18% | 3.16% | -6.01% | -6.81% | 8.85% | -1.94% | -4.66% | 14.14% |
Correlation
The correlation between EPHE and EURUSD=X is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2010 | 0.19 |
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Return for Risk
EPHE vs. EURUSD=X — Risk / Return Rank
EPHE
EURUSD=X
EPHE vs. EURUSD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Philippines ETF (EPHE) and Euro / U.S. Dollar (EURUSD=X). 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.
| EPHE | EURUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.00 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | -0.02 | -0.56 |
| Martin ratioReturn relative to average drawdown | -1.06 | -0.04 | -1.02 |
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Drawdowns
EPHE vs. EURUSD=X - Drawdown Comparison
The maximum EPHE drawdown since its inception was -53.82%, which is greater than EURUSD=X's maximum drawdown of -40.01%. Use the drawdown chart below to compare losses from any high point for EPHE and EURUSD=X.
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Drawdown Indicators
| EPHE | EURUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.82% | -40.01% | -13.81% |
Max Drawdown (1Y)Largest decline over 1 year | -15.90% | -5.19% | -10.71% |
Max Drawdown (3Y)Largest decline over 3 years | -21.42% | -8.83% | -12.59% |
Max Drawdown (5Y)Largest decline over 5 years | -32.96% | -20.89% | -12.07% |
Max Drawdown (10Y)Largest decline over 10 years | -51.62% | -23.31% | -28.31% |
Current DrawdownCurrent decline from peak | -33.66% | -27.67% | -5.99% |
Average DrawdownAverage peak-to-trough decline | -21.00% | -23.44% | +2.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.28% | 2.49% | +6.79% |
Volatility
EPHE vs. EURUSD=X - Volatility Comparison
iShares MSCI Philippines ETF (EPHE) has a higher volatility of 4.96% compared to Euro / U.S. Dollar (EURUSD=X) at 1.07%. This indicates that EPHE's price experiences larger fluctuations and is considered to be riskier than EURUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EPHE | EURUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.96% | 1.07% | +3.89% |
Volatility (6M)Calculated over the trailing 6-month period | 13.49% | 4.50% | +8.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.90% | 5.89% | +13.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.05% | 7.41% | +10.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.20% | 7.15% | +15.05% |
Frequently Asked Questions
EPHE and EURUSD=X have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EPHE has higher volatility (4.96%) compared to EURUSD=X (1.07%). In terms of maximum drawdown, EPHE dropped -53.82% vs EURUSD=X's -40.01%.
EURUSD=X currently has the higher Sharpe Ratio (-0.02 vs -0.49), 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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