EPI vs. IAUM
EPI (WisdomTree India Earnings Fund) and IAUM (iShares Gold Trust Micro) are both exchange-traded funds - EPI is a India Equities fund tracking the WisdomTree India Earnings Index, while IAUM is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 5 years, EPI returned 5.95%/yr vs 17.21%/yr for IAUM. At a 0.20 correlation, their price movements are largely independent. EPI charges 0.84%/yr vs 0.09%/yr for IAUM.
Performance
EPI vs. IAUM - Performance Comparison
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Returns By Period
In the year-to-date period, EPI achieves a -8.90% return, which is significantly lower than IAUM's -7.12% return.
EPI
- 1D
- -0.35%
- 1M
- -1.98%
- 6M
- -7.05%
- YTD
- -8.90%
- 1Y
- -9.35%
- 3Y*
- 5.70%
- 5Y*
- 5.95%
- 10Y*
- 8.57%
- ALL TIME*
- 3.81%
IAUM
- 1D
- -0.18%
- 1M
- -4.97%
- 6M
- -12.59%
- YTD
- -7.12%
- 1Y
- 19.59%
- 3Y*
- 26.77%
- 5Y*
- 17.21%
- 10Y*
- —
- ALL TIME*
- 17.56%
EPI vs. IAUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EPI WisdomTree India Earnings Fund | -8.90% | 2.25% | 10.70% | 26.03% | -4.74% | 7.89% |
IAUM iShares Gold Trust Micro | -7.12% | 64.27% | 27.04% | 13.12% | -0.49% | 3.87% |
Correlation
The correlation between EPI and IAUM 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 | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2021 | 0.20 |
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Return for Risk
EPI vs. IAUM — Risk / Return Rank
EPI
IAUM
EPI vs. IAUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree India Earnings Fund (EPI) and iShares Gold Trust Micro (IAUM). 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 | IAUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -1.85 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.15 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | 0.75 | -1.35 |
| Martin ratioReturn relative to average drawdown | -1.41 | 1.75 | -3.16 |
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Drawdowns
EPI vs. IAUM - Drawdown Comparison
The maximum EPI drawdown since its inception was -66.21%, which is greater than IAUM's maximum drawdown of -26.31%. Use the drawdown chart below to compare losses from any high point for EPI and IAUM.
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Drawdown Indicators
| EPI | IAUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.21% | -26.31% | -39.90% |
Max Drawdown (1Y)Largest decline over 1 year | -15.69% | -26.31% | +10.62% |
Max Drawdown (3Y)Largest decline over 3 years | -21.89% | -26.31% | +4.42% |
Max Drawdown (5Y)Largest decline over 5 years | -21.89% | -26.31% | +4.42% |
Max Drawdown (10Y)Largest decline over 10 years | -50.29% | — | — |
Current DrawdownCurrent decline from peak | -16.80% | -25.77% | +8.97% |
Average DrawdownAverage peak-to-trough decline | -18.63% | -5.74% | -12.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.64% | 11.24% | -4.60% |
Volatility
EPI vs. IAUM - Volatility Comparison
The current volatility for WisdomTree India Earnings Fund (EPI) is 3.67%, while iShares Gold Trust Micro (IAUM) has a volatility of 6.30%. This indicates that EPI experiences smaller price fluctuations and is considered to be less risky than IAUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EPI | IAUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.67% | 6.30% | -2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 13.03% | 23.90% | -10.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.25% | 27.75% | -12.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.27% | 18.26% | -1.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.27% | 18.17% | +2.10% |
EPI vs. IAUM - Expense Ratio Comparison
EPI has a 0.84% expense ratio, which is higher than IAUM's 0.09% expense ratio.
Dividends
EPI vs. IAUM - Dividend Comparison
Neither EPI nor IAUM has paid dividends to shareholders.
| 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% |
IAUM iShares Gold Trust Micro | 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
EPI and IAUM 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.
IAUM has higher volatility (6.30%) compared to EPI (3.67%). In terms of maximum drawdown, EPI dropped -66.21% vs IAUM's -26.31%.
On 5-year performance, IAUM leads with 17.21% vs 5.95% for EPI. On fees, IAUM is cheaper at 0.09% per year. On volatility, EPI has been the lower-risk option at 3.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IAUM has performed better with a 17.21% return vs 5.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IAUM is cheaper with a 0.09% expense ratio, compared with 0.84% for EPI.
EPI and IAUM have nearly identical dividend yields, around 0.00%.
EPI is categorized as India Equities, while IAUM is Gold. EPI tracks WisdomTree India Earnings Index, while IAUM tracks LBMA Gold Price PM. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.84% for EPI and 0.09% for IAUM.
IAUM currently has the higher Sharpe Ratio (0.71 vs -0.62), 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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