EPU vs. BVN
EPU (iShares MSCI Peru ETF) is Mid Cap Blend Equities fund tracking the MSCI All Peru Capped Index, while BVN (Compañía de Minas Buenaventura S.A.A.) is a stock. Over the past 10 years, EPU returned 13.41%/yr vs 12.14%/yr for BVN. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
EPU vs. BVN - Performance Comparison
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Returns By Period
In the year-to-date period, EPU achieves a 8.58% return, which is significantly lower than BVN's 11.89% return. Over the past 10 years, EPU has outperformed BVN with an annualized return of 13.41%, while BVN has yielded a comparatively lower 12.14% annualized return.
EPU
- 1D
- -6.28%
- 1M
- -4.01%
- YTD
- 8.58%
- 6M
- 17.68%
- 1Y
- 64.72%
- 3Y*
- 41.90%
- 5Y*
- 22.72%
- 10Y*
- 13.41%
BVN
- 1D
- -11.70%
- 1M
- -11.13%
- YTD
- 11.89%
- 6M
- 23.32%
- 1Y
- 84.76%
- 3Y*
- 66.87%
- 5Y*
- 21.60%
- 10Y*
- 12.14%
EPU vs. BVN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EPU iShares MSCI Peru ETF | 8.58% | 86.87% | 21.73% | 25.34% | 2.05% | -11.81% | -4.31% | 7.30% | -12.17% | 29.70% |
BVN Compañía de Minas Buenaventura S.A.A. | 11.89% | 147.96% | -24.06% | 106.47% | 2.47% | -39.95% | -19.27% | -6.40% | 15.91% | 25.66% |
Correlation
The correlation between EPU and BVN is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2009 | 0.58 |
The correlation between EPU and BVN shifts across timeframes, from 0.58 (all time) to 0.73 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EPU vs. BVN — Risk / Return Rank
EPU
BVN
EPU vs. BVN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Peru ETF (EPU) and Compañía de Minas Buenaventura S.A.A. (BVN). 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.
| EPU | BVN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.29 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.12 | 2.78 | +0.34 |
| Martin ratioReturn relative to average drawdown | 9.25 | 7.34 | +1.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EPU | BVN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 1.71 | +0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.47 | +0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.27 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.16 | +0.27 |
Drawdowns
EPU vs. BVN - Drawdown Comparison
The maximum EPU drawdown since its inception was -60.62%, smaller than the maximum BVN drawdown of -93.68%. Use the drawdown chart below to compare losses from any high point for EPU and BVN.
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Drawdown Indicators
| EPU | BVN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.62% | -93.68% | +33.06% |
Max Drawdown (1Y)Largest decline over 1 year | -20.85% | -30.64% | +9.79% |
Max Drawdown (3Y)Largest decline over 3 years | -20.85% | -38.30% | +17.45% |
Max Drawdown (5Y)Largest decline over 5 years | -35.59% | -53.67% | +18.08% |
Max Drawdown (10Y)Largest decline over 10 years | -50.97% | -70.15% | +19.18% |
Current DrawdownCurrent decline from peak | -16.28% | -37.75% | +21.47% |
Average DrawdownAverage peak-to-trough decline | -18.82% | -46.42% | +27.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.02% | 11.59% | -4.57% |
Volatility
EPU vs. BVN - Volatility Comparison
The current volatility for iShares MSCI Peru ETF (EPU) is 10.84%, while Compañía de Minas Buenaventura S.A.A. (BVN) has a volatility of 20.36%. This indicates that EPU experiences smaller price fluctuations and is considered to be less risky than BVN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EPU | BVN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.84% | 20.36% | -9.52% |
Volatility (6M)Calculated over the trailing 6-month period | 25.85% | 42.42% | -16.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.03% | 50.04% | -20.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.20% | 45.86% | -20.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.51% | 45.94% | -22.43% |
Dividends
EPU vs. BVN - Dividend Comparison
EPU's dividend yield for the trailing twelve months is around 1.50%, less than BVN's 3.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BVN Compañía de Minas Buenaventura S.A.A. | 3.75% | 1.57% | 0.63% | 0.48% | 0.98% | 0.00% | 0.00% | 0.58% | 0.55% | 0.60% | 0.26% | 0.00% |
EPU iShares MSCI Peru ETF | 1.50% | 1.63% | 5.78% | 4.17% | 5.56% | 3.13% | 1.91% | 2.67% | 1.53% | 3.30% | 0.85% | 1.90% |
Frequently Asked Questions
EPU and BVN have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BVN has higher volatility (20.36%) compared to EPU (10.84%). In terms of maximum drawdown, EPU dropped -60.62% vs BVN's -93.68%.
EPU currently has the higher Sharpe Ratio (2.17 vs 1.71), 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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