EPI vs. HDB
EPI (WisdomTree India Earnings Fund) is Emerging Markets Equities fund tracking the WisdomTree India Earnings Index, while HDB (HDFC Bank Limited) is a stock. Over the past 10 years, EPI returned 9.31%/yr vs 5.46%/yr for HDB. A 0.66 correlation means they provide meaningful diversification when combined.
Performance
EPI vs. HDB - Performance Comparison
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Returns By Period
In the year-to-date period, EPI achieves a -9.12% return, which is significantly higher than HDB's -33.85% return. Over the past 10 years, EPI has outperformed HDB with an annualized return of 9.31%, while HDB has yielded a comparatively lower 5.46% annualized return.
EPI
- 1D
- 0.65%
- 1M
- -0.99%
- YTD
- -9.12%
- 6M
- -6.55%
- 1Y
- -9.08%
- 3Y*
- 7.36%
- 5Y*
- 5.53%
- 10Y*
- 9.31%
HDB
- 1D
- 1.51%
- 1M
- -2.70%
- YTD
- -33.85%
- 6M
- -32.66%
- 1Y
- -33.11%
- 3Y*
- -7.62%
- 5Y*
- -7.24%
- 10Y*
- 5.46%
EPI vs. HDB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EPI WisdomTree India Earnings Fund | -9.12% | 2.25% | 10.70% | 26.03% | -4.74% | 26.41% | 18.55% | 1.53% | -9.88% | 39.14% |
HDB HDFC Bank Limited | -33.85% | 17.07% | -2.54% | 0.16% | 7.39% | -9.29% | 14.03% | 22.58% | 2.44% | 68.50% |
Correlation
The correlation between EPI and HDB is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2008 | 0.66 |
The correlation between EPI and HDB shifts across timeframes, from 0.53 (3 years) to 0.66 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EPI vs. HDB — Risk / Return Rank
EPI
HDB
EPI vs. HDB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree India Earnings Fund (EPI) and HDFC Bank Limited (HDB). 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.
| EPI | HDB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.75 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | -0.85 | +0.24 |
| Martin ratioReturn relative to average drawdown | -1.44 | -1.74 | +0.30 |
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Drawdowns
EPI vs. HDB - Drawdown Comparison
The maximum EPI drawdown since its inception was -66.21%, roughly equal to the maximum HDB drawdown of -67.93%. Use the drawdown chart below to compare losses from any high point for EPI and HDB.
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Drawdown Indicators
| EPI | HDB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.21% | -67.93% | +1.72% |
Max Drawdown (1Y)Largest decline over 1 year | -16.88% | -40.98% | +24.10% |
Max Drawdown (3Y)Largest decline over 3 years | -21.89% | -40.98% | +19.09% |
Max Drawdown (5Y)Largest decline over 5 years | -21.89% | -40.98% | +19.09% |
Max Drawdown (10Y)Largest decline over 10 years | -50.29% | -54.28% | +3.99% |
Current DrawdownCurrent decline from peak | -17.00% | -38.00% | +21.00% |
Average DrawdownAverage peak-to-trough decline | -18.65% | -13.80% | -4.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.17% | 20.09% | -12.92% |
Volatility
EPI vs. HDB - Volatility Comparison
The current volatility for WisdomTree India Earnings Fund (EPI) is 4.09%, while HDFC Bank Limited (HDB) has a volatility of 8.37%. This indicates that EPI experiences smaller price fluctuations and is considered to be less risky than HDB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EPI | HDB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.09% | 8.37% | -4.28% |
Volatility (6M)Calculated over the trailing 6-month period | 12.88% | 21.09% | -8.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.07% | 24.57% | -9.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.23% | 26.84% | -10.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.35% | 29.07% | -8.72% |
Dividends
EPI vs. HDB - Dividend Comparison
EPI has not paid dividends to shareholders, while HDB's dividend yield for the trailing twelve months is around 3.51%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPI WisdomTree India Earnings Fund | 0.00% | 0.00% | 0.27% | 0.15% | 6.01% | 1.18% | 0.78% | 1.17% | 1.18% | 0.85% | 1.05% | 1.20% |
HDB HDFC Bank Limited | 3.51% | 2.32% | 2.19% | 2.06% | 1.70% | 0.81% | 0.00% | 0.17% | 0.55% | 0.49% | 0.66% | 0.58% |
Frequently Asked Questions
EPI and HDB have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HDB has higher volatility (8.37%) compared to EPI (4.09%). In terms of maximum drawdown, EPI dropped -66.21% vs HDB's -67.93%.
EPI currently has the higher Sharpe Ratio (-0.69 vs -1.42), 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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