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EPOL vs. ECH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EPOL vs. ECH

Last updated Aug 2, 2026
Documentation

EPOL (iShares MSCI Poland ETF) and ECH (iShares MSCI Chile ETF) are both exchange-traded funds - EPOL is a Europe Equities fund tracking the MSCI Poland Investable Market Index, while ECH is a Latin America Equities fund tracking the MSCI Chile Investable Market Index. Both are passively managed. Over the past 10 years, EPOL returned 11.96%/yr vs 3.52%/yr for ECH. Their 0.51 correlation means they have sometimes moved together and sometimes differently. EPOL charges 0.61%/yr vs 0.59%/yr for ECH.

Performance

EPOL vs. ECH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Poland ETF (EPOL) and iShares MSCI Chile ETF (ECH). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EPOL achieves a 22.62% return, which is significantly higher than ECH's -1.11% return. Over the past 10 years, EPOL has outperformed ECH with an annualized return of 11.96%, while ECH has yielded a comparatively lower 3.52% annualized return.

EPOL

1D
0.16%
1M
8.60%
6M
14.79%
YTD
22.62%
1Y
40.70%
3Y*
33.53%
5Y*
18.62%
10Y*
11.96%
ALL TIME*
6.44%

ECH

1D
-1.23%
1M
0.51%
6M
-11.69%
YTD
-1.11%
1Y
33.73%
3Y*
11.11%
5Y*
12.16%
10Y*
3.52%
ALL TIME*
1.35%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

ECH

iShares MSCI Chile ETF
$9.62M$13.53M$17.14M

EPOL

iShares MSCI Poland ETF
$18.30M$16.66M$16.43M

EPOL vs. ECH - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EPOL
iShares MSCI Poland ETF		22.62%77.34%-2.61%50.70%-24.62%12.21%-8.38%-6.13%-13.76%52.43%
ECH
iShares MSCI Chile ETF		-1.11%65.41%-8.67%9.01%25.12%-19.80%-7.13%-17.79%-18.98%41.79%

Correlation

The correlation between EPOL and ECH is 0.50, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.50

Correlation (3Y)
Balances recent behavior with more history.

0.47

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.46

Correlation (10Y)
Provides a long-term view across more market conditions.

0.48

Correlation (All Time)
Calculated using the full available price history since May 26, 2010

0.51

The correlation between EPOL and ECH has been stable across timeframes, ranging from 0.46 to 0.51 - a consistent structural relationship.

EPOL vs. ECH - Sectors Allocation Comparison

Sectors
EPOL
ECH

Financial Services

45.7%
22.9%

Consumer Cyclical

14.0%
12.4%

Energy

13.2%

-

Basic Materials

7.1%
18.4%

Consumer Defensive

6.0%
7.5%

Communication Services

5.4%
1.7%

Utilities

4.5%
13.0%

Industrials

1.8%
16.6%

Technology

1.7%

-

Healthcare

0.7%

-

Real Estate

-

7.6%

Financial Services

EPOL
45.7%
ECH
22.9%

Consumer Cyclical

EPOL
14.0%
ECH
12.4%

Energy

EPOL
13.2%
ECH

-

Basic Materials

EPOL
7.1%
ECH
18.4%

Consumer Defensive

EPOL
6.0%
ECH
7.5%

Communication Services

EPOL
5.4%
ECH
1.7%

Utilities

EPOL
4.5%
ECH
13.0%

Industrials

EPOL
1.8%
ECH
16.6%

Technology

EPOL
1.7%
ECH

-

Healthcare

EPOL
0.7%
ECH

-

Real Estate

EPOL

-

ECH
7.6%

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 Poland ETF

iShares MSCI Chile ETF

Often compared with EPOL:
EPOL vs. SPYEPOL vs. EWQEPOL vs. IBCJ.DEEPOL vs. EIRLEPOL vs. EWPEPOL vs. EWWEPOL vs. EWK
Often compared with ECH:
ECH vs. EWZECH vs. EWWECH vs. EPUECH vs. EWZSECH vs. EWYECH vs. SCHDECH vs. SMIN

Return for Risk

EPOL vs. ECH — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
EPOL
EPOL Risk / Return Rank: 7979
Overall Rank
EPOL Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
EPOL Sortino Ratio Rank: 7878
Sortino Ratio Rank
EPOL Omega Ratio Rank: 7070
Omega Ratio Rank
EPOL Calmar Ratio Rank: 8989
Calmar Ratio Rank
EPOL Martin Ratio Rank: 7878
Martin Ratio Rank
ECH
ECH Risk / Return Rank: 4949
Overall Rank
ECH Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
ECH Sortino Ratio Rank: 5454
Sortino Ratio Rank
ECH Omega Ratio Rank: 5252
Omega Ratio Rank
ECH Calmar Ratio Rank: 4949
Calmar Ratio Rank
ECH Martin Ratio Rank: 3535
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EPOL vs. ECH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Poland ETF (EPOL) and iShares MSCI Chile ETF (ECH). 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.

EPOLECHDifference
Sharpe ratioReturn per unit of total volatility
1.76
1.35

+0.42

Sortino ratioReturn per unit of downside risk
2.49
1.88

+0.61

Omega ratioGain probability vs. loss probability

1.29

1.23

+0.06

Calmar ratioReturn relative to maximum drawdown

3.68

1.75

+1.93

Martin ratioReturn relative to average drawdown

9.96

3.55

+6.41

EPOL vs. ECH - Sharpe Ratio Comparison

The current EPOL Sharpe Ratio is 1.76, which is higher than the ECH Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of EPOL and ECH, 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

EPOL vs. ECH - Drawdown Comparison

The maximum EPOL drawdown since its inception was -63.72%, smaller than the maximum ECH drawdown of -74.08%. Use the drawdown chart below to compare losses from any high point for EPOL and ECH.

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Drawdown Indicators

EPOLECHDifference

Max Drawdown

Largest peak-to-trough decline

-63.72%

-74.08%

+10.36%

Max Drawdown (1Y)

Largest decline over 1 year

-11.04%

-19.74%

+8.70%

Max Drawdown (3Y)

Largest decline over 3 years

-19.56%

-20.51%

+0.95%

Max Drawdown (5Y)

Largest decline over 5 years

-54.21%

-25.59%

-28.62%

Max Drawdown (10Y)

Largest decline over 10 years

-61.41%

-66.89%

+5.48%

Current Drawdown

Current decline from peak

0.00%

-26.52%

+26.52%

Average Drawdown

Average peak-to-trough decline

-26.64%

-37.41%

+10.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.07%

9.71%

-5.64%

Volatility

EPOL vs. ECH - Volatility Comparison

The current volatility for iShares MSCI Poland ETF (EPOL) is 5.29%, while iShares MSCI Chile ETF (ECH) has a volatility of 6.38%. This indicates that EPOL experiences smaller price fluctuations and is considered to be less risky than ECH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EPOLECHDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.29%

6.38%

-1.09%

Volatility (6M)

Calculated over the trailing 6-month period

18.34%

21.15%

-2.81%

Volatility (1Y)

Calculated over the trailing 1-year period

23.12%

25.69%

-2.57%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

29.12%

27.49%

+1.63%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.42%

27.22%

+0.20%

EPOL vs. ECH - Expense Ratio Comparison

EPOL has a 0.61% expense ratio, which is higher than ECH's 0.59% expense ratio.

Dividends

EPOL vs. ECH - Dividend Comparison

EPOL's dividend yield for the trailing twelve months is around 3.44%, more than ECH's 2.00% yield.

PositionTTM20252024202320222021202020192018201720162015
ECH
iShares MSCI Chile ETF		2.00%2.01%3.12%4.77%6.73%5.49%2.16%2.47%2.37%1.42%1.85%2.13%
EPOL
iShares MSCI Poland ETF		3.44%4.78%6.04%2.87%2.65%1.33%1.44%2.51%1.44%1.88%2.14%2.53%

Frequently Asked Questions

EPOL and ECH have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ECH has higher volatility (6.38%) compared to EPOL (5.29%). In terms of maximum drawdown, EPOL dropped -63.72% vs ECH's -74.08%.

On 10-year performance, EPOL leads with 11.96% vs 3.52% for ECH. On fees, ECH is cheaper at 0.59% per year. On volatility, EPOL has been the lower-risk option at 5.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, EPOL has performed better with a 11.96% return vs 3.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ECH is cheaper with a 0.59% expense ratio, compared with 0.61% for EPOL.

EPOL has the higher dividend yield at 3.44%, compared with 2.00% for ECH.

EPOL is categorized as Europe Equities, while ECH is Latin America Equities. EPOL tracks MSCI Poland Investable Market Index, while ECH tracks MSCI Chile Investable Market Index. Their fees differ too: 0.61% for EPOL and 0.59% for ECH.

EPOL currently has the higher Sharpe Ratio (1.76 vs 1.35), 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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