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EPHE vs. PAF.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EPHE vs. PAF.L

Last updated Jun 13, 2026

EPHE (iShares MSCI Philippines ETF) is Asia Pacific Equities fund tracking the MSCI Philippines Investable Market Index, while PAF.L (Pan African Resources plc) is a stock. Over the past 10 years, EPHE returned -2.82%/yr vs 23.78%/yr for PAF.L. At a 0.13 correlation, their price movements are largely independent.

Performance

EPHE vs. PAF.L - Performance Comparison

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

Loading charts...

Different Trading Currencies

EPHE is traded in USD, while PAF.L is traded in GBp. To make them comparable, the PAF.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 PAF.L's -10.01% return. Over the past 10 years, EPHE has underperformed PAF.L with an annualized return of -2.82%, while PAF.L has yielded a comparatively higher 23.78% 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%

PAF.L

1D
5.45%
1M
-27.78%
YTD
-10.01%
6M
-1.41%
1Y
128.87%
3Y*
112.79%
5Y*
45.23%
10Y*
23.78%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EPHE vs. PAF.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
PAF.L
Pan African Resources plc		-10.01%285.04%105.84%11.99%-6.99%-26.45%109.18%46.45%-38.63%-3.35%

Correlation

The correlation between EPHE and PAF.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.27

Correlation (3Y)
Calculated over the trailing 3-year period

0.23

Correlation (5Y)
Calculated over the trailing 5-year period

0.21

Correlation (10Y)
Calculated over the trailing 10-year period

0.15

Correlation (All Time)
Calculated using the full available price history since Sep 29, 2010

0.13

The correlation between EPHE and PAF.L shifts across timeframes, from 0.13 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Philippines ETF

Pan African Resources plc

Often compared with EPHE:
EPHE vs. VOOEPHE vs. EWYEPHE vs. EIDOEPHE vs. VTEPHE vs. VTIEPHE vs. VXUSEPHE vs. GOVT
Often compared with PAF.L:
PAF.L vs. WAF.AXPAF.L vs. 100D.LPAF.L vs. ESP0.DEPAF.L vs. NUKL.DEPAF.L vs. 2FE.DEPAF.L vs. EZAPAF.L vs. FLIN

Return for Risk

EPHE vs. PAF.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EPHE
EPHE Risk / Return Rank: 55
Overall Rank
EPHE Sharpe Ratio Rank: 55
Sharpe Ratio Rank
EPHE Sortino Ratio Rank: 55
Sortino Ratio Rank
EPHE Omega Ratio Rank: 55
Omega Ratio Rank
EPHE Calmar Ratio Rank: 55
Calmar Ratio Rank
EPHE Martin Ratio Rank: 55
Martin Ratio Rank
PAF.L
PAF.L Risk / Return Rank: 8888
Overall Rank
PAF.L Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
PAF.L Sortino Ratio Rank: 8787
Sortino Ratio Rank
PAF.L Omega Ratio Rank: 8787
Omega Ratio Rank
PAF.L Calmar Ratio Rank: 8484
Calmar Ratio Rank
PAF.L Martin Ratio Rank: 8888
Martin Ratio Rank
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. PAF.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Philippines ETF (EPHE) and Pan African Resources plc (PAF.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.

EPHEPAF.LDifference
Sharpe ratioReturn per unit of total volatility
-0.49
2.30

-2.79

Sortino ratioReturn per unit of downside risk
-0.59
2.61

-3.20

Omega ratioGain probability vs. loss probability

0.94

1.34

-0.40

Calmar ratioReturn relative to maximum drawdown

-0.58

2.85

-3.43

Martin ratioReturn relative to average drawdown

-1.06

9.31

-10.37

EPHE vs. PAF.L - Sharpe Ratio Comparison

The current EPHE Sharpe Ratio is -0.49, which is lower than the PAF.L Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of EPHE and PAF.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.

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Drawdowns

EPHE vs. PAF.L - Drawdown Comparison

The maximum EPHE drawdown since its inception was -53.82%, smaller than the maximum PAF.L drawdown of -86.42%. Use the drawdown chart below to compare losses from any high point for EPHE and PAF.L.

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Drawdown Indicators

EPHEPAF.LDifference

Max Drawdown

Largest peak-to-trough decline

-53.82%

-86.42%

+32.60%

Max Drawdown (1Y)

Largest decline over 1 year

-15.90%

-44.89%

+28.99%

Max Drawdown (3Y)

Largest decline over 3 years

-21.42%

-44.89%

+23.47%

Max Drawdown (5Y)

Largest decline over 5 years

-32.96%

-49.04%

+16.08%

Max Drawdown (10Y)

Largest decline over 10 years

-51.62%

-70.44%

+18.82%

Current Drawdown

Current decline from peak

-33.66%

-40.40%

+6.74%

Average Drawdown

Average peak-to-trough decline

-21.00%

-32.79%

+11.79%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.28%

13.79%

-4.51%

Volatility

EPHE vs. PAF.L - Volatility Comparison

The current volatility for iShares MSCI Philippines ETF (EPHE) is 4.96%, while Pan African Resources plc (PAF.L) has a volatility of 22.46%. This indicates that EPHE experiences smaller price fluctuations and is considered to be less risky than PAF.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EPHEPAF.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.96%

22.46%

-17.50%

Volatility (6M)

Calculated over the trailing 6-month period

13.49%

45.95%

-32.46%

Volatility (1Y)

Calculated over the trailing 1-year period

18.90%

55.63%

-36.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.05%

50.32%

-32.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.20%

55.08%

-32.88%

Dividends

EPHE vs. PAF.L - Dividend Comparison

EPHE's dividend yield for the trailing twelve months is around 2.10%, more than PAF.L's 2.00% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
PAF.L
Pan African Resources plc		2.00%1.35%2.79%4.52%5.25%5.09%2.92%0.98%0.00%3.38%5.67%6.83%

Frequently Asked Questions

EPHE and PAF.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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