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EPU vs. EPI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EPU vs. EPI

Last updated Jun 24, 2026

EPU (iShares MSCI Peru ETF) and EPI (WisdomTree India Earnings Fund) are both exchange-traded funds - EPU is a Mid Cap Blend Equities fund tracking the MSCI All Peru Capped Index, while EPI is a Emerging Markets Equities fund tracking the WisdomTree India Earnings Index. Both are passively managed. Over the past 10 years, EPU returned 14.73%/yr vs 9.68%/yr for EPI. At a 0.45 correlation, their price movements are largely independent. EPU charges 0.59%/yr vs 0.84%/yr for EPI.

Performance

EPU vs. EPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Peru ETF (EPU) and WisdomTree India Earnings Fund (EPI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EPU achieves a 18.54% return, which is significantly higher than EPI's -7.84% return. Over the past 10 years, EPU has outperformed EPI with an annualized return of 14.73%, while EPI has yielded a comparatively lower 9.68% annualized return.

EPU

1D
-3.70%
1M
3.83%
YTD
18.54%
6M
17.84%
1Y
83.34%
3Y*
46.58%
5Y*
29.75%
10Y*
14.73%

EPI

1D
-1.80%
1M
0.68%
YTD
-7.84%
6M
-8.06%
1Y
-7.64%
3Y*
7.99%
5Y*
6.29%
10Y*
9.68%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EPU vs. EPI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EPU
iShares MSCI Peru ETF		18.54%86.87%21.73%25.34%2.05%-11.81%-4.31%7.30%-12.17%29.70%
EPI
WisdomTree India Earnings Fund		-7.84%2.25%10.70%26.03%-4.74%26.41%18.55%1.53%-9.88%39.14%

Correlation

The correlation between EPU and EPI is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.33

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

0.34

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

0.37

Correlation (10Y)
Calculated over the trailing 10-year period

0.41

Correlation (All Time)
Calculated using the full available price history since Jun 22, 2009

0.45

The correlation between EPU and EPI shifts across timeframes, from 0.33 (1 year) to 0.45 (all time), reflecting how their relationship changes across market environments.

EPU vs. EPI - Sectors Allocation Comparison

Sectors
EPU
EPI

Basic Materials

54.2%
14.2%

Financial Services

27.9%
23.2%

Consumer Cyclical

4.1%
7.6%

Consumer Defensive

3.0%
3.5%

Real Estate

3.0%
0.9%

Utilities

2.8%
8.3%

Industrials

2.6%
9.9%

Communication Services

1.5%
2.0%

Healthcare

0.9%
5.8%

Energy

-

16.4%

Technology

-

8.3%

Basic Materials

EPU
54.2%
EPI
14.2%

Financial Services

EPU
27.9%
EPI
23.2%

Consumer Cyclical

EPU
4.1%
EPI
7.6%

Consumer Defensive

EPU
3.0%
EPI
3.5%

Real Estate

EPU
3.0%
EPI
0.9%

Utilities

EPU
2.8%
EPI
8.3%

Industrials

EPU
2.6%
EPI
9.9%

Communication Services

EPU
1.5%
EPI
2.0%

Healthcare

EPU
0.9%
EPI
5.8%

Energy

EPU

-

EPI
16.4%

Technology

EPU

-

EPI
8.3%

Compare stocks, funds, or ETFs

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iShares MSCI Peru ETF

WisdomTree India Earnings Fund

Often compared with EPU:
EPU vs. ECHEPU vs. ILFEPU vs. ARGTEPU vs. EISEPU vs. EVXEPU vs. EWSEPU vs. THD
Often compared with EPI:
EPI vs. INDAEPI vs. FLINEPI vs. INDYEPI vs. SMINEPI vs. NFTYEPI vs. GLINEPI vs. INCO

Return for Risk

EPU vs. EPI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EPU
EPU Risk / Return Rank: 7676
Overall Rank
EPU Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
EPU Sortino Ratio Rank: 7373
Sortino Ratio Rank
EPU Omega Ratio Rank: 7575
Omega Ratio Rank
EPU Calmar Ratio Rank: 8080
Calmar Ratio Rank
EPU Martin Ratio Rank: 6666
Martin Ratio Rank
EPI
EPI Risk / Return Rank: 55
Overall Rank
EPI Sharpe Ratio Rank: 55
Sharpe Ratio Rank
EPI Sortino Ratio Rank: 44
Sortino Ratio Rank
EPI Omega Ratio Rank: 55
Omega Ratio Rank
EPI Calmar Ratio Rank: 55
Calmar Ratio Rank
EPI Martin Ratio Rank: 44
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.

EPU vs. EPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Peru ETF (EPU) and WisdomTree India Earnings Fund (EPI). 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.

EPUEPIDifference
Sharpe ratioReturn per unit of total volatility
2.68
-0.50

+3.18

Sortino ratioReturn per unit of downside risk
3.07
-0.63

+3.70

Omega ratioGain probability vs. loss probability

1.42

0.93

+0.49

Calmar ratioReturn relative to maximum drawdown

4.02

-0.45

+4.47

Martin ratioReturn relative to average drawdown

11.51

-1.05

+12.55

EPU vs. EPI - Sharpe Ratio Comparison

The current EPU Sharpe Ratio is 2.68, which is higher than the EPI Sharpe Ratio of -0.50. The chart below compares the historical Sharpe Ratios of EPU and EPI, 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

EPU vs. EPI - Drawdown Comparison

The maximum EPU drawdown since its inception was -60.62%, smaller than the maximum EPI drawdown of -66.21%. Use the drawdown chart below to compare losses from any high point for EPU and EPI.

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Drawdown Indicators

EPUEPIDifference

Max Drawdown

Largest peak-to-trough decline

-60.62%

-66.21%

+5.59%

Max Drawdown (1Y)

Largest decline over 1 year

-20.85%

-16.88%

-3.97%

Max Drawdown (3Y)

Largest decline over 3 years

-20.85%

-21.89%

+1.04%

Max Drawdown (5Y)

Largest decline over 5 years

-35.59%

-21.89%

-13.70%

Max Drawdown (10Y)

Largest decline over 10 years

-50.97%

-50.29%

-0.68%

Current Drawdown

Current decline from peak

-8.61%

-15.84%

+7.23%

Average Drawdown

Average peak-to-trough decline

-18.79%

-18.64%

-0.15%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.27%

7.33%

-0.06%

Volatility

EPU vs. EPI - Volatility Comparison

iShares MSCI Peru ETF (EPU) has a higher volatility of 12.75% compared to WisdomTree India Earnings Fund (EPI) at 4.49%. This indicates that EPU's price experiences larger fluctuations and is considered to be riskier than EPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EPUEPIDifference

Volatility (1M)

Calculated over the trailing 1-month period

12.75%

4.49%

+8.26%

Volatility (6M)

Calculated over the trailing 6-month period

27.23%

13.15%

+14.08%

Volatility (1Y)

Calculated over the trailing 1-year period

31.33%

15.21%

+16.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.12%

16.26%

+8.86%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.66%

20.30%

+3.36%

EPU vs. EPI - Expense Ratio Comparison

EPU has a 0.59% expense ratio, which is lower than EPI's 0.84% expense ratio.

Dividends

EPU vs. EPI - Dividend Comparison

EPU's dividend yield for the trailing twelve months is around 2.02%, while EPI has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
EPI
WisdomTree India Earnings Fund		0.00%0.00%0.27%0.15%6.01%1.18%0.78%1.17%1.18%0.85%1.05%1.20%
EPU
iShares MSCI Peru ETF		2.02%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 EPI have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EPU has higher volatility (12.75%) compared to EPI (4.49%). In terms of maximum drawdown, EPU dropped -60.62% vs EPI's -66.21%.

On 10-year performance, EPU leads with 14.73% vs 9.68% for EPI. On fees, EPU is cheaper at 0.59% per year. On volatility, EPI has been the lower-risk option at 4.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, EPU has performed better with a 14.73% return vs 9.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EPU is cheaper with a 0.59% expense ratio, compared with 0.84% for EPI.

EPU has the higher dividend yield at 2.02%, compared with 0.00% for EPI.

EPU is categorized as Mid Cap Blend Equities, while EPI is Emerging Markets Equities. EPU tracks MSCI All Peru Capped Index, while EPI tracks WisdomTree India Earnings Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.59% for EPU and 0.84% for EPI.

EPU currently has the higher Sharpe Ratio (2.67 vs -0.50), 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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