EPHE vs. OPPJ
EPHE (iShares MSCI Philippines ETF) and OPPJ (WisdomTree Japan Opportunities ETF) are both exchange-traded funds - EPHE is a Asia Pacific Equities fund tracking the MSCI Philippines Investable Market Index, while OPPJ is a Japan Equities fund tracking the WisdomTree Japan Opportunities Index. Both are passively managed. Over the past 10 years, EPHE returned -3.39%/yr vs 17.19%/yr for OPPJ. At a 0.30 correlation, their price movements are largely independent. EPHE charges 0.59%/yr vs 0.58%/yr for OPPJ.
Performance
EPHE vs. OPPJ - Performance Comparison
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Returns By Period
In the year-to-date period, EPHE achieves a 2.00% return, which is significantly lower than OPPJ's 23.60% return. Over the past 10 years, EPHE has underperformed OPPJ with an annualized return of -3.39%, while OPPJ has yielded a comparatively higher 17.19% annualized return.
EPHE
- 1D
- -1.35%
- 1M
- 1.67%
- 6M
- -3.76%
- YTD
- 2.00%
- 1Y
- -5.56%
- 3Y*
- -0.26%
- 5Y*
- -1.57%
- 10Y*
- -3.39%
OPPJ
- 1D
- -2.10%
- 1M
- -2.08%
- 6M
- 14.84%
- YTD
- 23.60%
- 1Y
- 59.51%
- 3Y*
- 33.02%
- 5Y*
- 24.42%
- 10Y*
- 17.19%
EPHE vs. OPPJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EPHE iShares MSCI Philippines ETF | 2.00% | 1.56% | -1.41% | 1.27% | -15.87% | -2.23% | -3.95% | 8.50% | -17.50% | 20.20% |
OPPJ WisdomTree Japan Opportunities ETF | 23.60% | 37.08% | 20.70% | 38.96% | 5.02% | 11.66% | -3.22% | 18.24% | -18.69% | 29.56% |
Correlation
The correlation between EPHE and OPPJ 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 | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2013 | 0.30 |
The correlation between EPHE and OPPJ shifts across timeframes, from 0.19 (3 years) to 0.30 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EPHE vs. OPPJ — Risk / Return Rank
EPHE
OPPJ
EPHE vs. OPPJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Philippines ETF (EPHE) and WisdomTree Japan Opportunities ETF (OPPJ). 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 | OPPJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.12 | ||
| Sortino ratioReturn per unit of downside risk | -3.94 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.47 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 6.09 | -6.44 |
| Martin ratioReturn relative to average drawdown | -0.61 | 19.33 | -19.94 |
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Drawdowns
EPHE vs. OPPJ - Drawdown Comparison
The maximum EPHE drawdown since its inception was -53.82%, which is greater than OPPJ's maximum drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for EPHE and OPPJ.
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Drawdown Indicators
| EPHE | OPPJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.82% | -39.30% | -14.52% |
Max Drawdown (1Y)Largest decline over 1 year | -15.90% | -9.82% | -6.08% |
Max Drawdown (3Y)Largest decline over 3 years | -21.42% | -16.49% | -4.93% |
Max Drawdown (5Y)Largest decline over 5 years | -32.96% | -16.49% | -16.47% |
Max Drawdown (10Y)Largest decline over 10 years | -51.62% | -39.30% | -12.32% |
Current DrawdownCurrent decline from peak | -32.56% | -6.21% | -26.35% |
Average DrawdownAverage peak-to-trough decline | -21.06% | -6.48% | -14.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.13% | 3.09% | +6.04% |
Volatility
EPHE vs. OPPJ - Volatility Comparison
iShares MSCI Philippines ETF (EPHE) has a higher volatility of 9.64% compared to WisdomTree Japan Opportunities ETF (OPPJ) at 8.02%. This indicates that EPHE's price experiences larger fluctuations and is considered to be riskier than OPPJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EPHE | OPPJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.64% | 8.02% | +1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 15.92% | 17.12% | -1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.62% | 21.04% | -0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.45% | 18.31% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.28% | 19.55% | +2.73% |
EPHE vs. OPPJ - Expense Ratio Comparison
EPHE has a 0.59% expense ratio, which is higher than OPPJ's 0.58% expense ratio.
Dividends
EPHE vs. OPPJ - Dividend Comparison
EPHE's dividend yield for the trailing twelve months is around 2.72%, more than OPPJ's 1.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPHE iShares MSCI Philippines ETF | 2.72% | 2.11% | 2.32% | 2.01% | 1.73% | 1.05% | 0.72% | 0.78% | 0.45% | 0.36% | 0.71% | 1.03% |
OPPJ WisdomTree Japan Opportunities ETF | 1.13% | 1.78% | 4.02% | 2.71% | 2.63% | 2.96% | 3.04% | 2.17% | 2.06% | 1.53% | 1.66% | 3.61% |
Frequently Asked Questions
EPHE and OPPJ 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.
EPHE has higher volatility (9.64%) compared to OPPJ (8.02%). In terms of maximum drawdown, EPHE dropped -53.82% vs OPPJ's -39.30%.
On 10-year performance, OPPJ leads with 17.19% vs -3.39% for EPHE. On fees, OPPJ is cheaper at 0.58% per year. On volatility, OPPJ has been the lower-risk option at 8.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, OPPJ has performed better with a 17.19% return vs -3.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OPPJ is cheaper with a 0.58% expense ratio, compared with 0.59% for EPHE.
EPHE has the higher dividend yield at 2.72%, compared with 1.13% for OPPJ.
EPHE is categorized as Asia Pacific Equities, while OPPJ is Japan Equities. EPHE tracks MSCI Philippines Investable Market Index, while OPPJ tracks WisdomTree Japan Opportunities Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.59% for EPHE and 0.58% for OPPJ.
OPPJ currently has the higher Sharpe Ratio (2.85 vs -0.27), 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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