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EPHE vs. VNM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EPHE vs. VNM

Last updated Jun 13, 2026

EPHE (iShares MSCI Philippines ETF) and VNM (VanEck Vectors Vietnam ETF) are both Asia Pacific Equities funds - EPHE tracks the MSCI Philippines Investable Market Index while VNM tracks the MVIS Vietnam Index. Both are passively managed. Over the past 10 years, EPHE returned -2.82%/yr vs 3.29%/yr for VNM. At a 0.32 correlation, their price movements are largely independent. EPHE charges 0.59%/yr vs 0.68%/yr for VNM.

Performance

EPHE vs. VNM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Philippines ETF (EPHE) and VanEck Vectors Vietnam ETF (VNM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EPHE achieves a 0.32% return, which is significantly higher than VNM's -6.66% return. Over the past 10 years, EPHE has underperformed VNM with an annualized return of -2.82%, while VNM has yielded a comparatively higher 3.29% 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%

VNM

1D
-1.27%
1M
-8.62%
YTD
-6.66%
6M
2.04%
1Y
37.07%
3Y*
12.11%
5Y*
-0.94%
10Y*
3.29%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EPHE vs. VNM - 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%
VNM
VanEck Vectors Vietnam ETF		-6.66%66.55%-11.15%15.01%-43.74%22.05%9.84%9.24%-16.83%38.80%

Correlation

The correlation between EPHE and VNM is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.12

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

0.17

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

0.20

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

0.29

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

0.32

The correlation between EPHE and VNM shifts across timeframes, from 0.12 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.

EPHE vs. VNM - Sectors Allocation Comparison

Sectors
EPHE
VNM

Industrials

32.0%
14.9%

Financial Services

17.3%
27.5%

Utilities

14.3%
1.0%

Consumer Cyclical

13.6%

-

Real Estate

10.7%
31.4%

Communication Services

5.3%

-

Consumer Defensive

4.6%
14.4%

Energy

1.3%
1.2%

Basic Materials

1.0%
7.9%

Healthcare

-

-

Technology

-

1.7%

Industrials

EPHE
32.0%
VNM
14.9%

Financial Services

EPHE
17.3%
VNM
27.5%

Utilities

EPHE
14.3%
VNM
1.0%

Consumer Cyclical

EPHE
13.6%
VNM

-

Real Estate

EPHE
10.7%
VNM
31.4%

Communication Services

EPHE
5.3%
VNM

-

Consumer Defensive

EPHE
4.6%
VNM
14.4%

Energy

EPHE
1.3%
VNM
1.2%

Basic Materials

EPHE
1.0%
VNM
7.9%

Healthcare

EPHE

-

VNM

-

Technology

EPHE

-

VNM
1.7%

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

VanEck Vectors Vietnam ETF

Often compared with EPHE:
EPHE vs. VOOEPHE vs. EWYEPHE vs. EIDOEPHE vs. VTEPHE vs. VTIEPHE vs. VXUSEPHE vs. GOVT
Often compared with VNM:
VNM vs. VOOVNM vs. INDAVNM vs. IDXVNM vs. SPYVNM vs. VNAMVNM vs. VXUSVNM vs. EMXC

Return for Risk

EPHE vs. VNM — 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
VNM
VNM Risk / Return Rank: 4040
Overall Rank
VNM Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
VNM Sortino Ratio Rank: 4040
Sortino Ratio Rank
VNM Omega Ratio Rank: 3737
Omega Ratio Rank
VNM Calmar Ratio Rank: 4545
Calmar Ratio Rank
VNM Martin Ratio Rank: 3636
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. VNM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Philippines ETF (EPHE) and VanEck Vectors Vietnam ETF (VNM). 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.

EPHEVNMDifference
Sharpe ratioReturn per unit of total volatility
-0.49
1.26

-1.75

Sortino ratioReturn per unit of downside risk
-0.59
1.85

-2.45

Omega ratioGain probability vs. loss probability

0.94

1.22

-0.29

Calmar ratioReturn relative to maximum drawdown

-0.58

1.98

-2.56

Martin ratioReturn relative to average drawdown

-1.06

4.93

-5.99

EPHE vs. VNM - Sharpe Ratio Comparison

The current EPHE Sharpe Ratio is -0.49, which is lower than the VNM Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of EPHE and VNM, 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. VNM - Drawdown Comparison

The maximum EPHE drawdown since its inception was -53.82%, smaller than the maximum VNM drawdown of -63.19%. Use the drawdown chart below to compare losses from any high point for EPHE and VNM.

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Drawdown Indicators

EPHEVNMDifference

Max Drawdown

Largest peak-to-trough decline

-53.82%

-63.19%

+9.37%

Max Drawdown (1Y)

Largest decline over 1 year

-15.90%

-17.07%

+1.17%

Max Drawdown (3Y)

Largest decline over 3 years

-21.42%

-31.60%

+10.18%

Max Drawdown (5Y)

Largest decline over 5 years

-32.96%

-49.95%

+16.99%

Max Drawdown (10Y)

Largest decline over 10 years

-51.62%

-51.67%

+0.05%

Current Drawdown

Current decline from peak

-33.66%

-27.30%

-6.36%

Average Drawdown

Average peak-to-trough decline

-21.00%

-37.81%

+16.81%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.28%

6.83%

+2.45%

Volatility

EPHE vs. VNM - Volatility Comparison

iShares MSCI Philippines ETF (EPHE) and VanEck Vectors Vietnam ETF (VNM) have volatilities of 4.96% and 4.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EPHEVNMDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.96%

4.95%

+0.01%

Volatility (6M)

Calculated over the trailing 6-month period

13.49%

18.57%

-5.08%

Volatility (1Y)

Calculated over the trailing 1-year period

18.90%

26.72%

-7.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.05%

24.27%

-6.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.20%

23.46%

-1.26%

EPHE vs. VNM - Expense Ratio Comparison

EPHE has a 0.59% expense ratio, which is lower than VNM's 0.68% expense ratio.

Dividends

EPHE vs. VNM - Dividend Comparison

EPHE's dividend yield for the trailing twelve months is around 2.10%, more than VNM's 0.21% 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%
VNM
VanEck Vectors Vietnam ETF		0.21%0.20%0.00%5.21%0.96%0.49%0.40%0.76%0.83%1.14%2.44%3.69%

Frequently Asked Questions

EPHE and VNM have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EPHE has higher volatility (4.96%) compared to VNM (4.95%). In terms of maximum drawdown, EPHE dropped -53.82% vs VNM's -63.19%.

On 10-year performance, VNM leads with 3.29% vs -2.82% for EPHE. On fees, EPHE is cheaper at 0.59% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, VNM has performed better with a 3.29% return vs -2.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EPHE is cheaper with a 0.59% expense ratio, compared with 0.68% for VNM.

EPHE has the higher dividend yield at 2.10%, compared with 0.21% for VNM.

EPHE tracks MSCI Philippines Investable Market Index, while VNM tracks MVIS Vietnam Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.59% for EPHE and 0.68% for VNM.

VNM currently has the higher Sharpe Ratio (1.26 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.

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