EPHE vs. SLV
EPHE (iShares MSCI Philippines ETF) and SLV (iShares Silver Trust) are both exchange-traded funds - EPHE is a Asia Pacific Equities fund tracking the MSCI Philippines Investable Market Index, while SLV is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 10 years, EPHE returned -3.21%/yr vs 10.19%/yr for SLV. At a 0.19 correlation, their price movements are largely independent. EPHE charges 0.59%/yr vs 0.50%/yr for SLV.
Performance
EPHE vs. SLV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EPHE achieves a 3.96% return, which is significantly higher than SLV's -21.78% return. Over the past 10 years, EPHE has underperformed SLV with an annualized return of -3.21%, while SLV has yielded a comparatively higher 10.19% annualized return.
EPHE
- 1D
- 0.99%
- 1M
- -2.34%
- 6M
- -1.79%
- YTD
- 3.96%
- 1Y
- -0.89%
- 3Y*
- 0.36%
- 5Y*
- -0.64%
- 10Y*
- -3.21%
SLV
- 1D
- -3.49%
- 1M
- -20.51%
- 6M
- -39.52%
- YTD
- -21.78%
- 1Y
- 46.44%
- 3Y*
- 30.28%
- 5Y*
- 16.22%
- 10Y*
- 10.19%
EPHE vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EPHE iShares MSCI Philippines ETF | 3.96% | 1.56% | -1.41% | 1.27% | -15.87% | -2.23% | -3.95% | 8.50% | -17.50% | 20.20% |
SLV iShares Silver Trust | -21.78% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 47.30% | 14.88% | -9.19% | 5.82% |
Correlation
The correlation between EPHE and SLV is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2010 | 0.19 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EPHE vs. SLV — Risk / Return Rank
EPHE
SLV
EPHE vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Philippines ETF (EPHE) and iShares Silver Trust (SLV). 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 | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.19 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 0.89 | -0.95 |
| Martin ratioReturn relative to average drawdown | -0.10 | 1.85 | -1.95 |
Loading charts...
Drawdowns
EPHE vs. SLV - Drawdown Comparison
The maximum EPHE drawdown since its inception was -53.82%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for EPHE and SLV.
Loading charts...
Drawdown Indicators
| EPHE | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.82% | -76.28% | +22.46% |
Max Drawdown (1Y)Largest decline over 1 year | -15.90% | -52.28% | +36.38% |
Max Drawdown (3Y)Largest decline over 3 years | -21.42% | -52.28% | +30.86% |
Max Drawdown (5Y)Largest decline over 5 years | -32.96% | -52.28% | +19.32% |
Max Drawdown (10Y)Largest decline over 10 years | -51.62% | -52.28% | +0.66% |
Current DrawdownCurrent decline from peak | -31.26% | -52.28% | +21.02% |
Average DrawdownAverage peak-to-trough decline | -21.07% | -44.67% | +23.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.83% | 25.22% | -16.39% |
Volatility
EPHE vs. SLV - Volatility Comparison
The current volatility for iShares MSCI Philippines ETF (EPHE) is 7.10%, while iShares Silver Trust (SLV) has a volatility of 12.88%. This indicates that EPHE experiences smaller price fluctuations and is considered to be less risky than SLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EPHE | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.10% | 12.88% | -5.78% |
Volatility (6M)Calculated over the trailing 6-month period | 15.94% | 57.02% | -41.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.56% | 61.12% | -40.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.44% | 36.88% | -18.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.28% | 32.18% | -9.90% |
EPHE vs. SLV - Expense Ratio Comparison
EPHE has a 0.59% expense ratio, which is higher than SLV's 0.50% expense ratio.
Dividends
EPHE vs. SLV - Dividend Comparison
EPHE's dividend yield for the trailing twelve months is around 2.67%, while SLV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPHE iShares MSCI Philippines ETF | 2.67% | 2.11% | 2.32% | 2.01% | 1.73% | 1.05% | 0.72% | 0.78% | 0.45% | 0.36% | 0.71% | 1.03% |
SLV iShares Silver Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EPHE and SLV have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLV has higher volatility (12.88%) compared to EPHE (7.10%). In terms of maximum drawdown, EPHE dropped -53.82% vs SLV's -76.28%.
On 10-year performance, SLV leads with 10.19% vs -3.21% for EPHE. On fees, SLV is cheaper at 0.50% per year. On volatility, EPHE has been the lower-risk option at 7.10%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SLV has performed better with a 10.19% return vs -3.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SLV is cheaper with a 0.50% expense ratio, compared with 0.59% for EPHE.
EPHE has the higher dividend yield at 2.67%, compared with 0.00% for SLV.
EPHE is categorized as Asia Pacific Equities, while SLV is Silver. EPHE tracks MSCI Philippines Investable Market Index, while SLV tracks LBMA Silver Price. Their fees differ too: 0.59% for EPHE and 0.50% for SLV.
SLV currently has the higher Sharpe Ratio (0.76 vs -0.04), 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.
Find the right allocation for EPHE and SLV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer