EPP vs. EWM
EPP (iShares MSCI Pacific ex Japan ETF) and EWM (iShares MSCI Malaysia ETF) are both Asia Pacific Equities funds from iShares - EPP tracks the MSCI Pacific ex-Japan Index while EWM tracks the MSCI Malaysia Index. Both are passively managed. Over the past 10 years, EPP returned 7.03%/yr vs 2.08%/yr for EWM. A 0.59 correlation means they provide meaningful diversification when combined. EPP charges 0.48%/yr vs 0.49%/yr for EWM.
Performance
EPP vs. EWM - Performance Comparison
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Returns By Period
In the year-to-date period, EPP achieves a 9.21% return, which is significantly higher than EWM's 2.60% return. Over the past 10 years, EPP has outperformed EWM with an annualized return of 7.03%, while EWM has yielded a comparatively lower 2.08% annualized return.
EPP
- 1D
- -0.57%
- 1M
- 0.54%
- 6M
- 6.84%
- YTD
- 9.21%
- 1Y
- 13.54%
- 3Y*
- 11.81%
- 5Y*
- 5.26%
- 10Y*
- 7.03%
EWM
- 1D
- 0.26%
- 1M
- -0.28%
- 6M
- 0.36%
- YTD
- 2.60%
- 1Y
- 18.43%
- 3Y*
- 13.32%
- 5Y*
- 5.92%
- 10Y*
- 2.08%
EPP vs. EWM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EPP iShares MSCI Pacific ex Japan ETF | 9.21% | 19.70% | 4.76% | 5.76% | -6.59% | 4.26% | 6.04% | 18.30% | -10.78% | 26.05% |
EWM iShares MSCI Malaysia ETF | 2.60% | 15.74% | 19.46% | -3.61% | -6.00% | -7.40% | 3.12% | -1.41% | -6.28% | 24.25% |
Correlation
The correlation between EPP and EWM 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 | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2001 | 0.59 |
The correlation between EPP and EWM has been stable across timeframes, ranging from 0.52 to 0.59 - a consistent structural relationship.
EPP vs. EWM - Sectors Allocation Comparison
Sectors
EPP
EWM
Financial Services
Basic Materials
Industrials
Real Estate
-
Consumer Cyclical
Utilities
Healthcare
Consumer Defensive
Energy
Communication Services
Technology
-
Financial Services
EPP
EWM
Basic Materials
EPP
EWM
Industrials
EPP
EWM
Real Estate
EPP
EWM
-
Consumer Cyclical
EPP
EWM
Utilities
EPP
EWM
Healthcare
EPP
EWM
Consumer Defensive
EPP
EWM
Energy
EPP
EWM
Communication Services
EPP
EWM
Technology
EPP
EWM
-
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Return for Risk
EPP vs. EWM — Risk / Return Rank
EPP
EWM
EPP vs. EWM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Pacific ex Japan ETF (EPP) and iShares MSCI Malaysia ETF (EWM). 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.
| EPP | EWM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.23 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 1.74 | -0.20 |
| Martin ratioReturn relative to average drawdown | 4.30 | 4.96 | -0.66 |
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Drawdowns
EPP vs. EWM - Drawdown Comparison
The maximum EPP drawdown since its inception was -66.01%, smaller than the maximum EWM drawdown of -89.19%. Use the drawdown chart below to compare losses from any high point for EPP and EWM.
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Drawdown Indicators
| EPP | EWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.01% | -89.19% | +23.18% |
Max Drawdown (1Y)Largest decline over 1 year | -8.79% | -10.61% | +1.82% |
Max Drawdown (3Y)Largest decline over 3 years | -19.29% | -21.31% | +2.02% |
Max Drawdown (5Y)Largest decline over 5 years | -24.55% | -22.76% | -1.79% |
Max Drawdown (10Y)Largest decline over 10 years | -39.30% | -43.81% | +4.51% |
Current DrawdownCurrent decline from peak | -3.11% | -9.33% | +6.22% |
Average DrawdownAverage peak-to-trough decline | -10.59% | -31.75% | +21.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 3.72% | -0.57% |
Volatility
EPP vs. EWM - Volatility Comparison
iShares MSCI Pacific ex Japan ETF (EPP) and iShares MSCI Malaysia ETF (EWM) have volatilities of 3.96% and 4.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EPP | EWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.96% | 4.12% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 12.68% | 11.22% | +1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.06% | 14.14% | +0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.50% | 13.74% | +3.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.99% | 16.15% | +2.84% |
EPP vs. EWM - Expense Ratio Comparison
EPP has a 0.48% expense ratio, which is lower than EWM's 0.49% expense ratio.
Dividends
EPP vs. EWM - Dividend Comparison
EPP's dividend yield for the trailing twelve months is around 3.44%, less than EWM's 3.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPP iShares MSCI Pacific ex Japan ETF | 3.44% | 3.77% | 3.81% | 4.10% | 4.37% | 4.58% | 2.28% | 3.89% | 5.00% | 4.15% | 3.96% | 4.90% |
EWM iShares MSCI Malaysia ETF | 3.63% | 3.41% | 3.32% | 3.47% | 3.00% | 6.48% | 1.89% | 2.91% | 3.84% | 5.58% | 5.97% | 37.54% |
Frequently Asked Questions
EPP and EWM 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.
EWM has higher volatility (4.12%) compared to EPP (3.96%). In terms of maximum drawdown, EPP dropped -66.01% vs EWM's -89.19%.
On 10-year performance, EPP leads with 7.03% vs 2.08% for EWM. On fees, EPP is cheaper at 0.48% per year. On volatility, EPP has been the lower-risk option at 3.96%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EPP has performed better with a 7.03% return vs 2.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EPP is cheaper with a 0.48% expense ratio, compared with 0.49% for EWM.
EWM has the higher dividend yield at 3.63%, compared with 3.44% for EPP.
EPP tracks MSCI Pacific ex-Japan Index, while EWM tracks MSCI Malaysia Index. Their fees differ too: 0.48% for EPP and 0.49% for EWM.
EWM currently has the higher Sharpe Ratio (1.31 vs 0.90), 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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