EPHE vs. ITOT

Last updated Jun 3, 2026

EPHE (iShares MSCI Philippines ETF) and ITOT (iShares Core S&P Total U.S. Stock Market ETF) are both exchange-traded funds - EPHE is a Asia Pacific Equities fund tracking the MSCI Philippines Investable Market Index, while ITOT is a Large Cap Growth Equities fund tracking the S&P Composite 1500 Index. Both are passively managed. Over the past 10 years, EPHE returned -3.22%/yr vs 15.10%/yr for ITOT. At a 0.47 correlation, their price movements are largely independent. EPHE charges 0.59%/yr vs 0.03%/yr for ITOT.

Performance

EPHE vs. ITOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Philippines ETF (EPHE) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EPHE achieves a -1.36% return, which is significantly lower than ITOT's 12.07% return. Over the past 10 years, EPHE has underperformed ITOT with an annualized return of -3.22%, while ITOT has yielded a comparatively higher 15.10% annualized return.

EPHE

• 1D: 2.89%
• 1M: 1.11%
• YTD: -1.36%
• 6M: -1.13%
• 1Y: -9.15%
• 3Y*: 0.16%
• 5Y*: -3.06%
• 10Y*: -3.22%

ITOT

• 1D: 0.25%
• 1M: 5.39%
• YTD: 12.07%
• 6M: 12.47%
• 1Y: 29.98%
• 3Y*: 22.39%
• 5Y*: 13.05%
• 10Y*: 15.10%

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

EPHE vs. ITOT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EPHE iShares MSCI Philippines ETF	-1.36%	1.56%	-1.41%	1.27%	-15.87%	-2.23%	-3.95%	8.50%	-17.50%	20.20%
ITOT iShares Core S&P Total U.S. Stock Market ETF	12.07%	17.00%	23.80%	26.12%	-19.47%	25.68%	20.71%	30.67%	-5.33%	21.37%

Correlation

The correlation between EPHE and ITOT is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (10Y) Calculated over the trailing 10-year period	0.41
Correlation (All Time) Calculated using the full available price history since Sep 30, 2010	0.47

The correlation between EPHE and ITOT shifts across timeframes, from 0.34 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.

EPHE vs. ITOT - Sectors Allocation Comparison

Sectors	EPHE	ITOT
Industrials	32.0%	9.5%
Financial Services	17.3%	12.1%
Utilities	14.3%	2.3%
Consumer Cyclical	13.6%	10.1%
Real Estate	10.7%	2.4%
Communication Services	5.3%	10.3%
Consumer Defensive	4.6%	4.7%
Energy	1.3%	3.7%
Basic Materials	1.0%	2.1%
Healthcare	-	9.0%
Technology	-	33.8%

Return for Risk

EPHE vs. ITOT — 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

ITOT

ITOT Risk / Return Rank: 74
ITOT Sharpe Ratio Rank: 75
ITOT Sortino Ratio Rank: 73
ITOT Omega Ratio Rank: 74
ITOT Calmar Ratio Rank: 69
ITOT Martin Ratio Rank: 80

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. ITOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Philippines ETF (EPHE) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). 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	ITOT	Difference
Sharpe ratio Return per unit of total volatility	-0.49	2.47	-2.96
Sortino ratio Return per unit of downside risk	-0.59	3.36	-3.95
Omega ratio Gain probability vs. loss probability	0.94	1.44	-0.51
Calmar ratio Return relative to maximum drawdown	-0.49	3.45	-3.94
Martin ratio Return relative to average drawdown	-0.88	15.85	-16.73
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. ITOT - Sharpe Ratio Comparison

The current EPHE Sharpe Ratio is -0.49, which is lower than the ITOT Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of EPHE and ITOT, 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	ITOT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.49	2.47	-2.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.17	0.76	-0.93
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.15	0.83	-0.97
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.57	-0.53

Drawdowns

EPHE vs. ITOT - Drawdown Comparison

The maximum EPHE drawdown since its inception was -53.82%, roughly equal to the maximum ITOT drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for EPHE and ITOT.

Drawdown Indicators

	EPHE	ITOT	Difference
Max Drawdown Largest peak-to-trough decline	-53.82%	-55.20%	+1.38%
Max Drawdown (1Y) Largest decline over 1 year	-16.22%	-8.90%	-7.32%
Max Drawdown (3Y) Largest decline over 3 years	-21.42%	-19.44%	-1.98%
Max Drawdown (5Y) Largest decline over 5 years	-32.96%	-25.36%	-7.60%
Max Drawdown (10Y) Largest decline over 10 years	-51.62%	-35.00%	-16.62%
Current Drawdown Current decline from peak	-34.78%	0.00%	-34.78%
Average Drawdown Average peak-to-trough decline	-20.98%	-6.97%	-14.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.04%	1.93%	+7.11%

Volatility

EPHE vs. ITOT - Volatility Comparison

iShares MSCI Philippines ETF (EPHE) has a higher volatility of 5.60% compared to iShares Core S&P Total U.S. Stock Market ETF (ITOT) at 2.89%. This indicates that EPHE's price experiences larger fluctuations and is considered to be riskier than ITOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EPHE	ITOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.60%	2.89%	+2.71%
Volatility (6M) Calculated over the trailing 6-month period	13.76%	9.11%	+4.65%
Volatility (1Y) Calculated over the trailing 1-year period	18.92%	12.18%	+6.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.06%	17.36%	+0.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.24%	18.27%	+3.97%

EPHE vs. ITOT - Expense Ratio Comparison

EPHE has a 0.59% expense ratio, which is higher than ITOT's 0.03% expense ratio.

Dividends

EPHE vs. ITOT - Dividend Comparison

EPHE's dividend yield for the trailing twelve months is around 2.14%, more than ITOT's 0.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPHE iShares MSCI Philippines ETF	2.14%	2.11%	2.32%	2.01%	1.73%	1.05%	0.72%	0.78%	0.45%	0.36%	0.71%	1.03%
ITOT iShares Core S&P Total U.S. Stock Market ETF	0.97%	1.11%	1.23%	1.47%	1.66%	1.18%	1.41%	1.88%	2.14%	1.69%	1.83%	2.01%

Frequently Asked Questions

Can I hold both EPHE and ITOT in my portfolio?

EPHE and ITOT have a correlation of 0.34, 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 ITOT?

EPHE has higher volatility (5.60%) compared to ITOT (2.89%). In terms of maximum drawdown, EPHE dropped -53.82% vs ITOT's -55.20%.

Which ETF is better, EPHE or ITOT?

On 10-year performance, ITOT leads with 15.10% vs -3.22% for EPHE. On fees, ITOT is cheaper at 0.03% per year. On volatility, ITOT has been the lower-risk option at 2.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EPHE or ITOT?

Over the 10-year period, ITOT has performed better with a 15.10% return vs -3.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EPHE or ITOT?

ITOT is cheaper with a 0.03% expense ratio, compared with 0.59% for EPHE.

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

EPHE has the higher dividend yield at 2.14%, compared with 0.97% for ITOT.

What is the main difference between EPHE and ITOT?

EPHE is categorized as Asia Pacific Equities, while ITOT is Large Cap Growth Equities. EPHE tracks MSCI Philippines Investable Market Index, while ITOT tracks S&P Composite 1500 Index. Their fees differ too: 0.59% for EPHE and 0.03% for ITOT.

Which has better risk-adjusted returns?

ITOT currently has the higher Sharpe Ratio (2.47 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.