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EPI vs. QAT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EPI vs. QAT

Last updated Jun 24, 2026

EPI (WisdomTree India Earnings Fund) and QAT (iShares MSCI Qatar ETF) are both Emerging Markets Equities funds - EPI tracks the WisdomTree India Earnings Index while QAT tracks the MSCI All Qatar Capped Index. Both are passively managed. Over the past 10 years, EPI returned 9.68%/yr vs 4.43%/yr for QAT. At a 0.25 correlation, their price movements are largely independent. EPI charges 0.84%/yr vs 0.59%/yr for QAT.

Performance

EPI vs. QAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree India Earnings Fund (EPI) and iShares MSCI Qatar ETF (QAT). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EPI achieves a -7.84% return, which is significantly lower than QAT's 1.01% return. Over the past 10 years, EPI has outperformed QAT with an annualized return of 9.68%, while QAT has yielded a comparatively lower 4.43% annualized return.

EPI

1D
-1.80%
1M
0.68%
YTD
-7.84%
6M
-8.06%
1Y
-7.64%
3Y*
7.99%
5Y*
6.29%
10Y*
9.68%

QAT

1D
-0.39%
1M
2.08%
YTD
1.01%
6M
0.41%
1Y
7.11%
3Y*
5.84%
5Y*
3.56%
10Y*
4.43%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EPI vs. QAT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EPI
WisdomTree India Earnings Fund		-7.84%2.25%10.70%26.03%-4.74%26.41%18.55%1.53%-9.88%39.14%
QAT
iShares MSCI Qatar ETF		1.01%8.81%5.20%2.72%-7.23%14.42%6.94%-0.44%20.03%-11.66%

Correlation

The correlation between EPI and QAT is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.30

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

0.28

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

0.27

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

0.26

Correlation (All Time)
Calculated using the full available price history since May 1, 2014

0.25

EPI vs. QAT - Sectors Allocation Comparison

Sectors
EPI
QAT

Financial Services

23.2%
55.5%

Energy

16.4%
7.6%

Basic Materials

14.2%
12.6%

Industrials

9.9%
8.4%

Technology

8.3%
1.0%

Utilities

8.3%
2.5%

Consumer Cyclical

7.6%
0.7%

Healthcare

5.8%
0.8%

Consumer Defensive

3.5%
0.6%

Communication Services

2.0%
6.3%

Real Estate

0.9%
4.0%

Financial Services

EPI
23.2%
QAT
55.5%

Energy

EPI
16.4%
QAT
7.6%

Basic Materials

EPI
14.2%
QAT
12.6%

Industrials

EPI
9.9%
QAT
8.4%

Technology

EPI
8.3%
QAT
1.0%

Utilities

EPI
8.3%
QAT
2.5%

Consumer Cyclical

EPI
7.6%
QAT
0.7%

Healthcare

EPI
5.8%
QAT
0.8%

Consumer Defensive

EPI
3.5%
QAT
0.6%

Communication Services

EPI
2.0%
QAT
6.3%

Real Estate

EPI
0.9%
QAT
4.0%

Compare stocks, funds, or ETFs

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WisdomTree India Earnings Fund

iShares MSCI Qatar ETF

Often compared with EPI:
EPI vs. INDAEPI vs. FLINEPI vs. INDYEPI vs. SMINEPI vs. NFTYEPI vs. GLINEPI vs. INCO
Often compared with QAT:
QAT vs. UAEQAT vs. KSAQAT vs. ENORQAT vs. SJMQAT vs. EDENQAT vs. VOOQAT vs. EIRL

Return for Risk

EPI vs. QAT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EPI
EPI Risk / Return Rank: 55
Overall Rank
EPI Sharpe Ratio Rank: 55
Sharpe Ratio Rank
EPI Sortino Ratio Rank: 44
Sortino Ratio Rank
EPI Omega Ratio Rank: 55
Omega Ratio Rank
EPI Calmar Ratio Rank: 55
Calmar Ratio Rank
EPI Martin Ratio Rank: 44
Martin Ratio Rank
QAT
QAT Risk / Return Rank: 1717
Overall Rank
QAT Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
QAT Sortino Ratio Rank: 1717
Sortino Ratio Rank
QAT Omega Ratio Rank: 1717
Omega Ratio Rank
QAT Calmar Ratio Rank: 1717
Calmar Ratio Rank
QAT Martin Ratio Rank: 1414
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.

EPI vs. QAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree India Earnings Fund (EPI) and iShares MSCI Qatar ETF (QAT). 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.

EPIQATDifference
Sharpe ratioReturn per unit of total volatility
-0.50
0.54

-1.05

Sortino ratioReturn per unit of downside risk
-0.63
0.87

-1.50

Omega ratioGain probability vs. loss probability

0.93

1.11

-0.18

Calmar ratioReturn relative to maximum drawdown

-0.45

0.67

-1.13

Martin ratioReturn relative to average drawdown

-1.05

1.24

-2.28

EPI vs. QAT - Sharpe Ratio Comparison

The current EPI Sharpe Ratio is -0.50, which is lower than the QAT Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of EPI and QAT, 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

EPI vs. QAT - Drawdown Comparison

The maximum EPI drawdown since its inception was -66.21%, which is greater than QAT's maximum drawdown of -45.21%. Use the drawdown chart below to compare losses from any high point for EPI and QAT.

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Drawdown Indicators

EPIQATDifference

Max Drawdown

Largest peak-to-trough decline

-66.21%

-45.21%

-21.00%

Max Drawdown (1Y)

Largest decline over 1 year

-16.88%

-10.60%

-6.28%

Max Drawdown (3Y)

Largest decline over 3 years

-21.89%

-17.41%

-4.48%

Max Drawdown (5Y)

Largest decline over 5 years

-21.89%

-33.17%

+11.28%

Max Drawdown (10Y)

Largest decline over 10 years

-50.29%

-34.04%

-16.25%

Current Drawdown

Current decline from peak

-15.84%

-11.55%

-4.29%

Average Drawdown

Average peak-to-trough decline

-18.64%

-19.14%

+0.50%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.33%

5.75%

+1.58%

Volatility

EPI vs. QAT - Volatility Comparison

The current volatility for WisdomTree India Earnings Fund (EPI) is 4.49%, while iShares MSCI Qatar ETF (QAT) has a volatility of 5.72%. This indicates that EPI experiences smaller price fluctuations and is considered to be less risky than QAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EPIQATDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.49%

5.72%

-1.23%

Volatility (6M)

Calculated over the trailing 6-month period

13.15%

11.06%

+2.09%

Volatility (1Y)

Calculated over the trailing 1-year period

15.21%

13.25%

+1.96%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.26%

15.06%

+1.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.30%

17.54%

+2.76%

EPI vs. QAT - Expense Ratio Comparison

EPI has a 0.84% expense ratio, which is higher than QAT's 0.59% expense ratio.

Dividends

EPI vs. QAT - Dividend Comparison

EPI has not paid dividends to shareholders, while QAT's dividend yield for the trailing twelve months is around 4.63%.

PositionTTM20252024202320222021202020192018201720162015
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%
QAT
iShares MSCI Qatar ETF		4.63%3.51%5.90%3.92%4.78%2.33%2.63%3.57%4.63%4.10%3.51%4.49%

Frequently Asked Questions

EPI and QAT have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QAT has higher volatility (5.72%) compared to EPI (4.49%). In terms of maximum drawdown, EPI dropped -66.21% vs QAT's -45.21%.

On 10-year performance, EPI leads with 9.68% vs 4.43% for QAT. On fees, QAT is cheaper at 0.59% per year. On volatility, EPI has been the lower-risk option at 4.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, EPI has performed better with a 9.68% return vs 4.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

QAT is cheaper with a 0.59% expense ratio, compared with 0.84% for EPI.

QAT has the higher dividend yield at 4.63%, compared with 0.00% for EPI.

EPI tracks WisdomTree India Earnings Index, while QAT tracks MSCI All Qatar Capped Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.84% for EPI and 0.59% for QAT.

QAT currently has the higher Sharpe Ratio (0.54 vs -0.50), 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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