PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
EPP vs. EWT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EPP vs. EWT

Last updated Aug 4, 2026
Documentation

EPP (iShares MSCI Pacific ex Japan ETF) and EWT (iShares MSCI Taiwan ETF) are both exchange-traded funds - EPP is a Asia Pacific Equities fund tracking the MSCI Pacific ex-Japan Index, while EWT is a Taiwan Equities fund tracking the MSCI Taiwan 25/50 Index. Both are passively managed. Over the past 10 years, EPP returned 7.27%/yr vs 17.92%/yr for EWT. Their 0.66 correlation means they have sometimes moved together and sometimes differently. EPP charges 0.48%/yr vs 0.59%/yr for EWT.

Performance

EPP vs. EWT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Pacific ex Japan ETF (EPP) and iShares MSCI Taiwan ETF (EWT). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, EPP achieves a 13.82% return, which is significantly lower than EWT's 54.23% return. Over the past 10 years, EPP has underperformed EWT with an annualized return of 7.27%, while EWT has yielded a comparatively higher 17.92% annualized return.

EPP

1D
0.14%
1M
5.97%
6M
6.89%
YTD
13.82%
1Y
19.24%
3Y*
14.51%
5Y*
6.18%
10Y*
7.27%
ALL TIME*
9.07%

EWT

1D
1.48%
1M
-6.56%
6M
42.12%
YTD
54.23%
1Y
75.51%
3Y*
36.58%
5Y*
16.78%
10Y*
17.92%
ALL TIME*
7.06%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

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

EPP

iShares MSCI Pacific ex Japan ETF
$15.07M$15.26M$19.38M

EWT

iShares MSCI Taiwan ETF
$570.84M$674.34M$671.50M

EPP vs. EWT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EPP
iShares MSCI Pacific ex Japan ETF		13.82%19.70%4.76%5.76%-6.59%4.26%6.04%18.30%-10.78%26.05%
EWT
iShares MSCI Taiwan ETF		54.23%28.38%16.11%29.00%-28.90%26.18%31.50%33.36%-9.90%26.81%

Correlation

The correlation between EPP and EWT is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

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

0.58

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

0.62

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

0.66

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

0.69

Correlation (All Time)
Calculated using the full available price history since Oct 26, 2001

0.66

The correlation between EPP and EWT shifts across timeframes, from 0.58 (1 year) to 0.69 (10 years), reflecting how their relationship changes across market environments.

EPP vs. EWT - Sectors Allocation Comparison

Sectors
EPP
EWT

Financial Services

45.0%
14.6%

Basic Materials

15.8%
3.9%

Industrials

8.7%
4.3%

Real Estate

7.2%

-

Consumer Cyclical

6.9%
0.4%

Healthcare

3.8%
1.3%

Utilities

3.5%

-

Consumer Defensive

3.2%
1.1%

Communication Services

2.6%
1.8%

Energy

2.5%

-

Technology

1.0%
71.6%

Financial Services

EPP
45.0%
EWT
14.6%

Basic Materials

EPP
15.8%
EWT
3.9%

Industrials

EPP
8.7%
EWT
4.3%

Real Estate

EPP
7.2%
EWT

-

Consumer Cyclical

EPP
6.9%
EWT
0.4%

Healthcare

EPP
3.8%
EWT
1.3%

Utilities

EPP
3.5%
EWT

-

Consumer Defensive

EPP
3.2%
EWT
1.1%

Communication Services

EPP
2.6%
EWT
1.8%

Energy

EPP
2.5%
EWT

-

Technology

EPP
1.0%
EWT
71.6%

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 Pacific ex Japan ETF

iShares MSCI Taiwan ETF

Often compared with EPP:
EPP vs. AAXJEPP vs. BBAXEPP vs. EWHEPP vs. AIAEPP vs. EWYEPP vs. VPLEPP vs. EWJ
Often compared with EWT:
EWT vs. EWYEWT vs. FLTWEWT vs. VTEWT vs. QQQEWT vs. EWSEWT vs. EWHEWT vs. EWX

Return for Risk

EPP vs. EWT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
EPP
EPP Risk / Return Rank: 5151
Overall Rank
EPP Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
EPP Sortino Ratio Rank: 4848
Sortino Ratio Rank
EPP Omega Ratio Rank: 4949
Omega Ratio Rank
EPP Calmar Ratio Rank: 6060
Calmar Ratio Rank
EPP Martin Ratio Rank: 5151
Martin Ratio Rank
EWT
EWT Risk / Return Rank: 8989
Overall Rank
EWT Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
EWT Sortino Ratio Rank: 8686
Sortino Ratio Rank
EWT Omega Ratio Rank: 8888
Omega Ratio Rank
EWT Calmar Ratio Rank: 8989
Calmar Ratio Rank
EWT Martin Ratio Rank: 9191
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.

EPP vs. EWT - 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 Taiwan ETF (EWT). 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.

EPPEWTDifference
Sharpe ratioReturn per unit of total volatility
1.27
2.46

-1.20

Sortino ratioReturn per unit of downside risk
1.81
2.94

-1.13

Omega ratioGain probability vs. loss probability

1.23

1.40

-0.17

Calmar ratioReturn relative to maximum drawdown

2.20

3.83

-1.63

Martin ratioReturn relative to average drawdown

6.12

15.47

-9.35

EPP vs. EWT - Sharpe Ratio Comparison

The current EPP Sharpe Ratio is 1.27, which is lower than the EWT Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of EPP and EWT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

EPP vs. EWT - Drawdown Comparison

The maximum EPP drawdown since its inception was -66.01%, roughly equal to the maximum EWT drawdown of -64.37%. Use the drawdown chart below to compare losses from any high point for EPP and EWT.

Loading charts...

Drawdown Indicators

EPPEWTDifference

Max Drawdown

Largest peak-to-trough decline

-66.01%

-64.37%

-1.64%

Max Drawdown (1Y)

Largest decline over 1 year

-8.79%

-19.83%

+11.04%

Max Drawdown (3Y)

Largest decline over 3 years

-19.29%

-25.66%

+6.37%

Max Drawdown (5Y)

Largest decline over 5 years

-24.55%

-38.88%

+14.33%

Max Drawdown (10Y)

Largest decline over 10 years

-39.30%

-38.88%

-0.42%

Current Drawdown

Current decline from peak

-1.12%

-12.15%

+11.03%

Average Drawdown

Average peak-to-trough decline

-10.57%

-19.09%

+8.52%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.15%

4.90%

-1.75%

Volatility

EPP vs. EWT - Volatility Comparison

The current volatility for iShares MSCI Pacific ex Japan ETF (EPP) is 3.83%, while iShares MSCI Taiwan ETF (EWT) has a volatility of 13.53%. This indicates that EPP experiences smaller price fluctuations and is considered to be less risky than EWT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

EPPEWTDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.83%

13.53%

-9.70%

Volatility (6M)

Calculated over the trailing 6-month period

12.61%

27.44%

-14.83%

Volatility (1Y)

Calculated over the trailing 1-year period

15.31%

30.86%

-15.55%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.52%

23.96%

-6.44%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.01%

22.20%

-3.19%

EPP vs. EWT - Expense Ratio Comparison

EPP has a 0.48% expense ratio, which is lower than EWT's 0.59% expense ratio.

Dividends

EPP vs. EWT - Dividend Comparison

EPP's dividend yield for the trailing twelve months is around 3.30%, more than EWT's 2.87% yield.

PositionTTM20252024202320222021202020192018201720162015
EPP
iShares MSCI Pacific ex Japan ETF		3.30%3.77%3.81%4.10%4.37%4.58%2.28%3.89%5.00%4.15%3.96%4.90%
EWT
iShares MSCI Taiwan ETF		2.87%4.43%3.32%12.01%18.82%0.55%1.83%2.49%3.16%2.81%2.39%3.12%

Frequently Asked Questions

EPP and EWT have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EWT has higher volatility (13.53%) compared to EPP (3.83%). In terms of maximum drawdown, EPP dropped -66.01% vs EWT's -64.37%.

On 10-year performance, EWT leads with 17.92% vs 7.27% for EPP. On fees, EPP is cheaper at 0.48% per year. On volatility, EPP has been the lower-risk option at 3.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, EWT has performed better with a 17.92% return vs 7.27%. 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 0.59% for EWT.

EPP has the higher dividend yield at 3.30%, compared with 2.87% for EWT.

EPP is categorized as Asia Pacific Equities, while EWT is Taiwan Equities. EPP tracks MSCI Pacific ex-Japan Index, while EWT tracks MSCI Taiwan 25/50 Index. Their fees differ too: 0.48% for EPP and 0.59% for EWT.

EWT currently has the higher Sharpe Ratio (2.46 vs 1.26), 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.

Portfolio Optimizer

Find the right allocation for EPP and EWT

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer