EPHE vs. HIDR.L

Last updated Jun 13, 2026

EPHE (iShares MSCI Philippines ETF) and HIDR.L (HSBC MSCI Indonesia UCITS ETF USD) are both Asia Pacific Equities funds - EPHE tracks the MSCI Philippines Investable Market Index while HIDR.L tracks the MSCI Indonesia NR IDR. Both are passively managed. Over the past 10 years, EPHE returned -2.82%/yr vs -3.29%/yr for HIDR.L. At a 0.40 correlation, their price movements are largely independent. EPHE charges 0.59%/yr vs 0.50%/yr for HIDR.L.

Performance

EPHE vs. HIDR.L - Performance Comparison

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

Different Trading Currencies

EPHE is traded in USD, while HIDR.L is traded in GBp. To make them comparable, the HIDR.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, EPHE achieves a 0.32% return, which is significantly higher than HIDR.L's -36.24% return. Over the past 10 years, EPHE has outperformed HIDR.L with an annualized return of -2.82%, while HIDR.L has yielded a comparatively lower -3.29% 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%

HIDR.L

• 1D: 2.18%
• 1M: -10.86%
• YTD: -36.24%
• 6M: -36.19%
• 1Y: -37.53%
• 3Y*: -19.81%
• 5Y*: -8.95%
• 10Y*: -3.29%

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

EPHE vs. HIDR.L - 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%
HIDR.L HSBC MSCI Indonesia UCITS ETF USD	-36.24%	-1.20%	-14.61%	4.43%	3.09%	1.47%	-8.00%	8.24%	-9.58%	23.37%

Correlation

The correlation between EPHE and HIDR.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (10Y) Calculated over the trailing 10-year period	0.37
Correlation (All Time) Calculated using the full available price history since Mar 30, 2011	0.40

The correlation between EPHE and HIDR.L shifts across timeframes, from 0.28 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.

EPHE vs. HIDR.L - Sectors Allocation Comparison

Sectors	EPHE	HIDR.L
Industrials	32.0%	7.9%
Financial Services	17.3%	56.9%
Utilities	14.3%	1.6%
Consumer Cyclical	13.6%	-
Real Estate	10.7%	-
Communication Services	5.3%	11.6%
Consumer Defensive	4.6%	4.2%
Energy	1.3%	1.7%
Basic Materials	1.0%	12.8%
Healthcare	-	-
Technology	-	3.4%

Return for Risk

EPHE vs. HIDR.L — Risk / Return Rank

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

EPHE

EPHE Risk / Return Rank: 5
EPHE Sharpe Ratio Rank: 5
EPHE Sortino Ratio Rank: 5
EPHE Omega Ratio Rank: 5
EPHE Calmar Ratio Rank: 5
EPHE Martin Ratio Rank: 5

HIDR.L

HIDR.L Risk / Return Rank: 1
HIDR.L Sharpe Ratio Rank: 0
HIDR.L Sortino Ratio Rank: 1
HIDR.L Omega Ratio Rank: 0
HIDR.L Calmar Ratio Rank: 3
HIDR.L 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. HIDR.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Philippines ETF (EPHE) and HSBC MSCI Indonesia UCITS ETF USD (HIDR.L). 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	HIDR.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.49	-1.37	+0.88
Sortino ratio: Return per unit of downside risk	-0.59	-2.04	+1.45
Omega ratio: Gain probability vs. loss probability	0.94	0.74	+0.20
Calmar ratio: Return relative to maximum drawdown	-0.58	-0.79	+0.21
Martin ratio: Return relative to average drawdown	-1.06	-2.30	+1.24

EPHE vs. HIDR.L - Sharpe Ratio Comparison

The current EPHE Sharpe Ratio is -0.49, which is higher than the HIDR.L Sharpe Ratio of -1.37. The chart below compares the historical Sharpe Ratios of EPHE and HIDR.L, 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

EPHE vs. HIDR.L - Drawdown Comparison

The maximum EPHE drawdown since its inception was -53.82%, smaller than the maximum HIDR.L drawdown of -58.15%. Use the drawdown chart below to compare losses from any high point for EPHE and HIDR.L.

Drawdown Indicators

	EPHE	HIDR.L	Difference
Max Drawdown Largest peak-to-trough decline	-53.82%	-58.15%	+4.33%
Max Drawdown (1Y) Largest decline over 1 year	-15.90%	-48.66%	+32.76%
Max Drawdown (3Y) Largest decline over 3 years	-21.42%	-58.13%	+36.71%
Max Drawdown (5Y) Largest decline over 5 years	-32.96%	-58.13%	+25.17%
Max Drawdown (10Y) Largest decline over 10 years	-51.62%	-58.13%	+6.51%
Current Drawdown Current decline from peak	-33.66%	-50.90%	+17.24%
Average Drawdown Average peak-to-trough decline	-21.00%	-18.92%	-2.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.28%	16.73%	-7.45%

Volatility

EPHE vs. HIDR.L - Volatility Comparison

The current volatility for iShares MSCI Philippines ETF (EPHE) is 4.96%, while HSBC MSCI Indonesia UCITS ETF USD (HIDR.L) has a volatility of 15.37%. This indicates that EPHE experiences smaller price fluctuations and is considered to be less risky than HIDR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EPHE	HIDR.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.96%	15.37%	-10.41%
Volatility (6M) Calculated over the trailing 6-month period	13.49%	24.62%	-11.13%
Volatility (1Y) Calculated over the trailing 1-year period	18.90%	28.01%	-9.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.05%	21.84%	-3.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.20%	24.76%	-2.56%

EPHE vs. HIDR.L - Expense Ratio Comparison

EPHE has a 0.59% expense ratio, which is higher than HIDR.L's 0.50% expense ratio.

Dividends

EPHE vs. HIDR.L - Dividend Comparison

EPHE's dividend yield for the trailing twelve months is around 2.10%, less than HIDR.L's 5.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPHE iShares MSCI Philippines ETF	2.10%	2.11%	2.32%	2.01%	1.73%	1.05%	0.72%	0.78%	0.45%	0.36%	0.71%	1.03%
HIDR.L HSBC MSCI Indonesia UCITS ETF USD	5.93%	4.87%	3.49%	3.49%	2.04%	1.27%	1.75%	1.62%	1.50%	1.14%	1.12%	1.59%

Frequently Asked Questions

Can I hold both EPHE and HIDR.L in my portfolio?

EPHE and HIDR.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EPHE or HIDR.L?

On fees, HIDR.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EPHE or HIDR.L?

HIDR.L is cheaper with a 0.50% expense ratio, compared with 0.59% for EPHE.

What is the main difference between EPHE and HIDR.L?

EPHE tracks MSCI Philippines Investable Market Index, while HIDR.L tracks MSCI Indonesia NR IDR. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.59% for EPHE and 0.50% for HIDR.L.