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EPP vs. FLAU
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EPP vs. FLAU

Last updated Jun 4, 2026

EPP (iShares MSCI Pacific ex Japan ETF) and FLAU (Franklin FTSE Australia ETF) are both Asia Pacific Equities funds - EPP tracks the MSCI Pacific ex-Japan Index while FLAU tracks the FTSE Australia RIC Capped Index. Both are passively managed. Over the past 5 years, EPP returned 4.65%/yr vs 5.98%/yr for FLAU. Their correlation of 0.89 suggests significant overlap in exposure. EPP charges 0.48%/yr vs 0.09%/yr for FLAU.

Performance

EPP vs. FLAU - Performance Comparison

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

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Returns By Period

In the year-to-date period, EPP achieves a 9.57% return, which is significantly lower than FLAU's 10.47% return.

EPP

1D
-1.07%
1M
1.12%
YTD
9.57%
6M
10.96%
1Y
17.40%
3Y*
13.26%
5Y*
4.65%
10Y*
7.60%

FLAU

1D
-1.17%
1M
1.12%
YTD
10.47%
6M
12.59%
1Y
16.61%
3Y*
12.97%
5Y*
5.98%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

EPP vs. FLAU - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EPP
iShares MSCI Pacific ex Japan ETF		9.57%19.70%4.76%5.76%-6.59%4.26%6.04%18.30%-10.78%3.92%
FLAU
Franklin FTSE Australia ETF		10.47%15.95%1.81%12.58%-5.58%9.90%11.00%23.38%-10.17%1.89%

Correlation

The correlation between EPP and FLAU is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.94

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

0.94

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

0.95

Correlation (All Time)
Calculated using the full available price history since Nov 7, 2017

0.89

The correlation between EPP and FLAU has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.

EPP vs. FLAU - Sectors Allocation Comparison

Sectors
EPP
FLAU

Financial Services

46.0%
36.0%

Basic Materials

14.6%
26.2%

Industrials

8.6%
6.4%

Real Estate

7.8%
6.4%

Consumer Cyclical

6.0%
6.6%

Healthcare

3.7%
4.9%

Utilities

3.6%
0.8%

Consumer Defensive

3.0%
3.7%

Energy

2.9%
5.7%

Communication Services

2.7%
1.7%

Technology

1.1%
1.2%

Financial Services

EPP
46.0%
FLAU
36.0%

Basic Materials

EPP
14.6%
FLAU
26.2%

Industrials

EPP
8.6%
FLAU
6.4%

Real Estate

EPP
7.8%
FLAU
6.4%

Consumer Cyclical

EPP
6.0%
FLAU
6.6%

Healthcare

EPP
3.7%
FLAU
4.9%

Utilities

EPP
3.6%
FLAU
0.8%

Consumer Defensive

EPP
3.0%
FLAU
3.7%

Energy

EPP
2.9%
FLAU
5.7%

Communication Services

EPP
2.7%
FLAU
1.7%

Technology

EPP
1.1%
FLAU
1.2%

Compare stocks, funds, or ETFs

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iShares MSCI Pacific ex Japan ETF

Franklin FTSE Australia ETF

Often compared with EPP:
EPP vs. EWTEPP vs. AAXJEPP vs. BBAXEPP vs. EWHEPP vs. AIAEPP vs. EWYEPP vs. VPL
Often compared with FLAU:
FLAU vs. EWAFLAU vs. FLBRFLAU vs. FLGBFLAU vs. EPIFLAU vs. PEYFLAU vs. BCDFLAU vs. QQQ

Return for Risk

EPP vs. FLAU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EPP
EPP Risk / Return Rank: 3535
Overall Rank
EPP Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
EPP Sortino Ratio Rank: 3232
Sortino Ratio Rank
EPP Omega Ratio Rank: 3232
Omega Ratio Rank
EPP Calmar Ratio Rank: 4040
Calmar Ratio Rank
EPP Martin Ratio Rank: 3939
Martin Ratio Rank
FLAU
FLAU Risk / Return Rank: 2929
Overall Rank
FLAU Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
FLAU Sortino Ratio Rank: 2727
Sortino Ratio Rank
FLAU Omega Ratio Rank: 2626
Omega Ratio Rank
FLAU Calmar Ratio Rank: 3434
Calmar Ratio Rank
FLAU Martin Ratio Rank: 3434
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.

EPP vs. FLAU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Pacific ex Japan ETF (EPP) and Franklin FTSE Australia ETF (FLAU). 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.

EPPFLAUDifference
Sharpe ratioReturn per unit of total volatility
1.20
1.00

+0.20

Sortino ratioReturn per unit of downside risk
1.74
1.47

+0.27

Omega ratioGain probability vs. loss probability

1.22

1.18

+0.04

Calmar ratioReturn relative to maximum drawdown

1.99

1.67

+0.32

Martin ratioReturn relative to average drawdown

6.27

5.15

+1.12

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EPP vs. FLAU - Sharpe Ratio Comparison

The current EPP Sharpe Ratio is 1.20, which is comparable to the FLAU Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of EPP and FLAU, 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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Sharpe Ratios by Period

EPPFLAUDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.20

1.00

+0.20

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.27

0.31

-0.04

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.40

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.39

0.33

+0.05

Drawdowns

EPP vs. FLAU - Drawdown Comparison

The maximum EPP drawdown since its inception was -66.01%, which is greater than FLAU's maximum drawdown of -45.73%. Use the drawdown chart below to compare losses from any high point for EPP and FLAU.

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Drawdown Indicators

EPPFLAUDifference

Max Drawdown

Largest peak-to-trough decline

-66.01%

-45.73%

-20.28%

Max Drawdown (1Y)

Largest decline over 1 year

-8.79%

-10.01%

+1.22%

Max Drawdown (3Y)

Largest decline over 3 years

-19.29%

-22.03%

+2.74%

Max Drawdown (5Y)

Largest decline over 5 years

-26.31%

-24.68%

-1.63%

Max Drawdown (10Y)

Largest decline over 10 years

-39.30%

—

—

Current Drawdown

Current decline from peak

-2.79%

-3.11%

+0.32%

Average Drawdown

Average peak-to-trough decline

-10.62%

-6.79%

-3.83%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.78%

3.23%

-0.45%

Volatility

EPP vs. FLAU - Volatility Comparison

The current volatility for iShares MSCI Pacific ex Japan ETF (EPP) is 4.65%, while Franklin FTSE Australia ETF (FLAU) has a volatility of 5.45%. This indicates that EPP experiences smaller price fluctuations and is considered to be less risky than FLAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EPPFLAUDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.65%

5.45%

-0.80%

Volatility (6M)

Calculated over the trailing 6-month period

11.94%

13.66%

-1.72%

Volatility (1Y)

Calculated over the trailing 1-year period

14.51%

16.63%

-2.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.41%

19.61%

-2.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.11%

23.58%

-4.47%

EPP vs. FLAU - Expense Ratio Comparison

EPP has a 0.48% expense ratio, which is higher than FLAU's 0.09% expense ratio.

Dividends

EPP vs. FLAU - Dividend Comparison

EPP's dividend yield for the trailing twelve months is around 3.44%, more than FLAU's 2.94% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
FLAU
Franklin FTSE Australia ETF		2.94%3.25%3.37%3.62%5.91%5.14%2.18%4.37%4.34%0.18%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.94, EPP and FLAU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

FLAU has higher volatility (5.45%) compared to EPP (4.65%). In terms of maximum drawdown, EPP dropped -66.01% vs FLAU's -45.73%.

On 5-year performance, FLAU leads with 5.98% vs 4.65% for EPP. On fees, FLAU is cheaper at 0.09% per year. On volatility, EPP has been the lower-risk option at 4.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, FLAU has performed better with a 5.98% return vs 4.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FLAU is cheaper with a 0.09% expense ratio, compared with 0.48% for EPP.

EPP has the higher dividend yield at 3.44%, compared with 2.94% for FLAU.

EPP tracks MSCI Pacific ex-Japan Index, while FLAU tracks FTSE Australia RIC Capped Index. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.48% for EPP and 0.09% for FLAU.

EPP currently has the higher Sharpe Ratio (1.20 vs 1.00), 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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