EPI vs. RLY
EPI (WisdomTree India Earnings Fund) and RLY (State Street Multi-Asset Real Return ETF) are both exchange-traded funds - EPI is a India Equities fund tracking the WisdomTree India Earnings Index, while RLY is a Hedge Fund fund tracking the Bloomberg U.S. Government Inflation-Linked Bond Index. Both are passively managed. Over the past 10 years, EPI returned 8.57%/yr vs 8.02%/yr for RLY. At a 0.47 correlation, their price movements are largely independent. EPI charges 0.84%/yr vs 0.50%/yr for RLY.
Performance
EPI vs. RLY - 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 RLY's 13.94% return. Over the past 10 years, EPI has outperformed RLY with an annualized return of 8.57%, while RLY has yielded a comparatively lower 8.02% annualized 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%
RLY
- 1D
- -0.31%
- 1M
- 1.21%
- 6M
- 8.76%
- YTD
- 13.94%
- 1Y
- 24.26%
- 3Y*
- 12.31%
- 5Y*
- 10.60%
- 10Y*
- 8.02%
- ALL TIME*
- 4.68%
EPI vs. RLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EPI WisdomTree India Earnings Fund | -8.90% | 2.25% | 10.70% | 26.03% | -4.74% | 26.41% | 18.55% | 1.53% | -9.88% | 39.14% |
RLY State Street Multi-Asset Real Return ETF | 13.94% | 20.26% | 2.53% | 2.56% | 7.86% | 22.85% | -0.59% | 15.63% | -11.72% | 10.40% |
Correlation
The correlation between EPI and RLY is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2012 | 0.47 |
Over the past year, the correlation between EPI and RLY has dropped to 0.15 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.
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Return for Risk
EPI vs. RLY — Risk / Return Rank
EPI
RLY
EPI vs. RLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree India Earnings Fund (EPI) and State Street Multi-Asset Real Return ETF (RLY). 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 | RLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.93 | ||
| Sortino ratioReturn per unit of downside risk | -3.97 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.42 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | 3.23 | -3.83 |
| Martin ratioReturn relative to average drawdown | -1.41 | 11.48 | -12.89 |
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Drawdowns
EPI vs. RLY - Drawdown Comparison
The maximum EPI drawdown since its inception was -66.21%, which is greater than RLY's maximum drawdown of -37.75%. Use the drawdown chart below to compare losses from any high point for EPI and RLY.
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Drawdown Indicators
| EPI | RLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.21% | -37.75% | -28.46% |
Max Drawdown (1Y)Largest decline over 1 year | -15.69% | -7.54% | -8.15% |
Max Drawdown (3Y)Largest decline over 3 years | -21.89% | -10.08% | -11.81% |
Max Drawdown (5Y)Largest decline over 5 years | -21.89% | -18.94% | -2.95% |
Max Drawdown (10Y)Largest decline over 10 years | -50.29% | -34.17% | -16.12% |
Current DrawdownCurrent decline from peak | -16.80% | -4.28% | -12.52% |
Average DrawdownAverage peak-to-trough decline | -18.63% | -9.42% | -9.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.64% | 2.12% | +4.52% |
Volatility
EPI vs. RLY - Volatility Comparison
WisdomTree India Earnings Fund (EPI) has a higher volatility of 3.67% compared to State Street Multi-Asset Real Return ETF (RLY) at 2.91%. This indicates that EPI's price experiences larger fluctuations and is considered to be riskier than RLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EPI | RLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.67% | 2.91% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 13.03% | 8.44% | +4.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.25% | 10.56% | +4.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.27% | 13.47% | +2.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.27% | 13.79% | +6.48% |
EPI vs. RLY - Expense Ratio Comparison
EPI has a 0.84% expense ratio, which is higher than RLY's 0.50% expense ratio.
Dividends
EPI vs. RLY - Dividend Comparison
EPI has not paid dividends to shareholders, while RLY's dividend yield for the trailing twelve months is around 3.11%.
| 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% |
RLY State Street Multi-Asset Real Return ETF | 3.11% | 3.24% | 3.31% | 3.71% | 5.66% | 12.15% | 2.16% | 3.45% | 2.76% | 1.85% | 2.07% | 1.80% |
Frequently Asked Questions
EPI and RLY have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EPI has higher volatility (3.67%) compared to RLY (2.91%). In terms of maximum drawdown, EPI dropped -66.21% vs RLY's -37.75%.
On 10-year performance, EPI leads with 8.57% vs 8.02% for RLY. On fees, RLY is cheaper at 0.50% per year. On volatility, RLY has been the lower-risk option at 2.91%. 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 8.57% return vs 8.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RLY is cheaper with a 0.50% expense ratio, compared with 0.84% for EPI.
RLY has the higher dividend yield at 3.11%, compared with 0.00% for EPI.
EPI is categorized as India Equities, while RLY is Hedge Fund. EPI tracks WisdomTree India Earnings Index, while RLY tracks Bloomberg U.S. Government Inflation-Linked Bond Index. They also come from different issuers: WisdomTree and State Street. Their fees differ too: 0.84% for EPI and 0.50% for RLY.
RLY currently has the higher Sharpe Ratio (2.31 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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