EPHE vs. PIT
EPHE (iShares MSCI Philippines ETF) and PIT (VanEck Commodity Strategy ETF) are both exchange-traded funds - EPHE is a Asia Pacific Equities fund tracking the MSCI Philippines Investable Market Index, while PIT is a Commodities fund actively managed by VanEck. EPHE is passively managed, while PIT is actively managed. Over the past 3 years, EPHE returned 1.74%/yr vs 18.98%/yr for PIT. At a 0.05 correlation, their price movements are largely independent. EPHE charges 0.59%/yr vs 0.55%/yr for PIT.
Performance
EPHE vs. PIT - Performance Comparison
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Returns By Period
In the year-to-date period, EPHE achieves a 1.87% return, which is significantly lower than PIT's 25.62% return.
EPHE
- 1D
- 0.69%
- 1M
- 2.70%
- YTD
- 1.87%
- 6M
- 1.83%
- 1Y
- -1.42%
- 3Y*
- 1.74%
- 5Y*
- -2.44%
- 10Y*
- -2.80%
PIT
- 1D
- -1.32%
- 1M
- -11.78%
- YTD
- 25.62%
- 6M
- 23.58%
- 1Y
- 39.64%
- 3Y*
- 18.98%
- 5Y*
- —
- 10Y*
- —
EPHE vs. PIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EPHE iShares MSCI Philippines ETF | 1.87% | 1.56% | -1.41% | 1.27% | -0.83% |
PIT VanEck Commodity Strategy ETF | 25.62% | 21.63% | 6.77% | -4.54% | 1.67% |
Correlation
The correlation between EPHE and PIT is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 2022 | 0.05 |
The correlation between EPHE and PIT shifts across timeframes, from -0.20 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EPHE vs. PIT — Risk / Return Rank
EPHE
PIT
EPHE vs. PIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Philippines ETF (EPHE) and VanEck Commodity Strategy ETF (PIT). 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 | PIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.92 | ||
| Sortino ratioReturn per unit of downside risk | -2.35 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.33 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 2.62 | -2.71 |
| Martin ratioReturn relative to average drawdown | -0.16 | 10.88 | -11.05 |
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Drawdowns
EPHE vs. PIT - Drawdown Comparison
The maximum EPHE drawdown since its inception was -53.82%, which is greater than PIT's maximum drawdown of -15.19%. Use the drawdown chart below to compare losses from any high point for EPHE and PIT.
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Drawdown Indicators
| EPHE | PIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.82% | -15.19% | -38.63% |
Max Drawdown (1Y)Largest decline over 1 year | -15.90% | -15.19% | -0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -21.42% | -15.19% | -6.23% |
Max Drawdown (5Y)Largest decline over 5 years | -32.96% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -51.62% | — | — |
Current DrawdownCurrent decline from peak | -32.64% | -15.19% | -17.45% |
Average DrawdownAverage peak-to-trough decline | -21.02% | -4.08% | -16.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.76% | 3.66% | +5.10% |
Volatility
EPHE vs. PIT - Volatility Comparison
iShares MSCI Philippines ETF (EPHE) has a higher volatility of 9.46% compared to VanEck Commodity Strategy ETF (PIT) at 4.72%. This indicates that EPHE's price experiences larger fluctuations and is considered to be riskier than PIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EPHE | PIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.46% | 4.72% | +4.74% |
Volatility (6M)Calculated over the trailing 6-month period | 15.63% | 19.40% | -3.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.50% | 21.66% | -1.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.42% | 17.50% | +0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.29% | 17.50% | +4.79% |
EPHE vs. PIT - Expense Ratio Comparison
EPHE has a 0.59% expense ratio, which is higher than PIT's 0.55% expense ratio.
Dividends
EPHE vs. PIT - Dividend Comparison
EPHE's dividend yield for the trailing twelve months is around 2.73%, less than PIT's 7.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPHE iShares MSCI Philippines ETF | 2.73% | 2.11% | 2.32% | 2.01% | 1.73% | 1.05% | 0.72% | 0.78% | 0.45% | 0.36% | 0.71% | 1.03% |
PIT VanEck Commodity Strategy ETF | 7.10% | 8.92% | 3.59% | 6.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EPHE and PIT have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EPHE has higher volatility (9.46%) compared to PIT (4.72%). In terms of maximum drawdown, EPHE dropped -53.82% vs PIT's -15.19%.
On 3-year performance, PIT leads with 18.98% vs 1.74% for EPHE. On fees, PIT is cheaper at 0.55% per year. On volatility, PIT has been the lower-risk option at 4.72%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, PIT has performed better with a 18.98% return vs 1.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PIT is cheaper with a 0.55% expense ratio, compared with 0.59% for EPHE.
PIT has the higher dividend yield at 7.10%, compared with 2.73% for EPHE.
EPHE is categorized as Asia Pacific Equities, while PIT is Commodities. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.59% for EPHE and 0.55% for PIT.
PIT currently has the higher Sharpe Ratio (1.85 vs -0.07), 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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