EPU vs. ETHO

Last updated Jul 17, 2026

EPU (iShares MSCI Peru ETF) and ETHO (Amplify Etho Climate Leadership U.S. ETF) are both Mid Cap Blend Equities funds - EPU tracks the MSCI All Peru Capped Index while ETHO tracks the Etho Climate Leadership Index. Both are passively managed. Over the past year, EPU returned 79.73% vs 37.11% for ETHO. At a 0.43 correlation, their price movements are largely independent. EPU charges 0.59%/yr vs 0.45%/yr for ETHO.

Performance

EPU vs. ETHO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Peru ETF (EPU) and Amplify Etho Climate Leadership U.S. ETF (ETHO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EPU achieves a 18.76% return, which is significantly lower than ETHO's 22.44% return.

EPU

• 1D: -2.50%
• 1M: -4.06%
• 6M: 3.51%
• YTD: 18.76%
• 1Y: 79.73%
• 3Y*: 42.79%
• 5Y*: 29.83%
• 10Y*: 13.47%

ETHO

• 1D: 0.49%
• 1M: 3.24%
• 6M: 16.53%
• YTD: 22.44%
• 1Y: 37.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EPU vs. ETHO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EPU iShares MSCI Peru ETF	18.76%	86.87%	23.93%
ETHO Amplify Etho Climate Leadership U.S. ETF	22.44%	10.23%	11.21%

Correlation

The correlation between EPU and ETHO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (All Time) Calculated using the full available price history since Jan 29, 2024	0.43

EPU vs. ETHO - Sectors Allocation Comparison

Sectors	EPU	ETHO
Basic Materials	54.2%	2.9%
Financial Services	27.9%	12.2%
Consumer Cyclical	4.1%	10.2%
Consumer Defensive	3.0%	4.4%
Real Estate	3.0%	6.3%
Utilities	2.8%	2.5%
Industrials	2.6%	15.9%
Communication Services	1.5%	4.3%
Healthcare	0.9%	12.3%
Energy	-	0.3%
Technology	-	28.7%

Return for Risk

EPU vs. ETHO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EPU

EPU Risk / Return Rank: 83
EPU Sharpe Ratio Rank: 92
EPU Sortino Ratio Rank: 82
EPU Omega Ratio Rank: 83
EPU Calmar Ratio Rank: 86
EPU Martin Ratio Rank: 72

ETHO

ETHO Risk / Return Rank: 84
ETHO Sharpe Ratio Rank: 82
ETHO Sortino Ratio Rank: 82
ETHO Omega Ratio Rank: 76
ETHO Calmar Ratio Rank: 88
ETHO Martin Ratio Rank: 89

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. ETHO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Peru ETF (EPU) and Amplify Etho Climate Leadership U.S. ETF (ETHO). 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.

	EPU	ETHO	Difference
Sharpe ratio: Return per unit of total volatility	2.53	2.11	+0.43
Sortino ratio: Return per unit of downside risk	2.94	2.96	-0.02
Omega ratio: Gain probability vs. loss probability	1.39	1.36	+0.04
Calmar ratio: Return relative to maximum drawdown	3.84	4.03	-0.19
Martin ratio: Return relative to average drawdown	10.56	15.62	-5.06

EPU vs. ETHO - Sharpe Ratio Comparison

The current EPU Sharpe Ratio is 2.53, which is comparable to the ETHO Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of EPU and ETHO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EPU vs. ETHO - Drawdown Comparison

The maximum EPU drawdown since its inception was -60.62%, which is greater than ETHO's maximum drawdown of -25.50%. Use the drawdown chart below to compare losses from any high point for EPU and ETHO.

Drawdown Indicators

	EPU	ETHO	Difference
Max Drawdown Largest peak-to-trough decline	-60.62%	-25.50%	-35.12%
Max Drawdown (1Y) Largest decline over 1 year	-20.85%	-9.25%	-11.60%
Max Drawdown (3Y) Largest decline over 3 years	-20.85%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.59%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-50.97%	—	—
Current Drawdown Current decline from peak	-8.43%	-0.82%	-7.61%
Average Drawdown Average peak-to-trough decline	-18.75%	-4.34%	-14.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.58%	2.38%	+5.20%

Volatility

EPU vs. ETHO - Volatility Comparison

iShares MSCI Peru ETF (EPU) has a higher volatility of 8.00% compared to Amplify Etho Climate Leadership U.S. ETF (ETHO) at 4.38%. This indicates that EPU's price experiences larger fluctuations and is considered to be riskier than ETHO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EPU	ETHO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.00%	4.38%	+3.62%
Volatility (6M) Calculated over the trailing 6-month period	27.20%	13.26%	+13.94%
Volatility (1Y) Calculated over the trailing 1-year period	31.66%	17.70%	+13.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.23%	19.34%	+5.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.66%	19.34%	+4.32%

EPU vs. ETHO - Expense Ratio Comparison

EPU has a 0.59% expense ratio, which is higher than ETHO's 0.45% expense ratio.

Dividends

EPU vs. ETHO - Dividend Comparison

EPU's dividend yield for the trailing twelve months is around 2.02%, more than ETHO's 0.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
ETHO Amplify Etho Climate Leadership U.S. ETF	0.70%	0.86%	0.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EPU and ETHO in my portfolio?

EPU and ETHO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EPU or ETHO?

EPU has higher volatility (8.00%) compared to ETHO (4.38%). In terms of maximum drawdown, EPU dropped -60.62% vs ETHO's -25.50%.

Which ETF is better, EPU or ETHO?

On 1-year performance, EPU leads with 79.73% vs 37.11% for ETHO. On fees, ETHO is cheaper at 0.45% per year. On volatility, ETHO has been the lower-risk option at 4.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EPU or ETHO?

Over the 1-year period, EPU has performed better with a 79.73% return vs 37.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EPU or ETHO?

ETHO is cheaper with a 0.45% expense ratio, compared with 0.59% for EPU.

Which ETF pays a higher dividend yield, EPU or ETHO?

EPU has the higher dividend yield at 2.02%, compared with 0.70% for ETHO.

What is the main difference between EPU and ETHO?

EPU tracks MSCI All Peru Capped Index, while ETHO tracks Etho Climate Leadership Index. They also come from different issuers: iShares and Amplify. Their fees differ too: 0.59% for EPU and 0.45% for ETHO.

Which has better risk-adjusted returns?

EPU currently has the higher Sharpe Ratio (2.53 vs 2.11), 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.