EPU vs. METL

Last updated Jul 21, 2026

EPU (iShares MSCI Peru ETF) and METL (Sprott Active Metals & Miners ETF) are both exchange-traded funds - EPU is a Mid Cap Blend Equities fund tracking the MSCI All Peru Capped Index, while METL is a Natural Resources fund actively managed by Sprott. EPU is passively managed, while METL is actively managed. Their correlation of 0.83 suggests significant overlap in exposure. EPU charges 0.59%/yr vs 0.89%/yr for METL.

Performance

EPU vs. METL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Peru ETF (EPU) and Sprott Active Metals & Miners ETF (METL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EPU achieves a 18.75% return, which is significantly higher than METL's -6.10% return.

EPU

• 1D: 0.01%
• 1M: -3.76%
• 6M: 3.98%
• YTD: 18.75%
• 1Y: 78.54%
• 3Y*: 42.43%
• 5Y*: 29.59%
• 10Y*: 13.58%
• ALL TIME*: 10.56%

METL

• 1D: -0.92%
• 1M: -15.36%
• 6M: -19.31%
• YTD: -6.10%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

EPU vs. METL - Yearly Performance Comparison

	2026 (YTD)	2025
EPU iShares MSCI Peru ETF	18.75%	29.73%
METL Sprott Active Metals & Miners ETF	-6.10%	28.19%

Correlation

The correlation between EPU and METL is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025	0.83

Return for Risk

EPU vs. METL — Risk / Return Rank

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

EPU

EPU Risk / Return Rank: 85
EPU Sharpe Ratio Rank: 92
EPU Sortino Ratio Rank: 84
EPU Omega Ratio Rank: 85
EPU Calmar Ratio Rank: 88
EPU Martin Ratio Rank: 76

METL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. METL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Peru ETF (EPU) and Sprott Active Metals & Miners ETF (METL). 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	METL	Difference
Sharpe ratio: Return per unit of total volatility	2.49	—	—
Sortino ratio: Return per unit of downside risk	2.91	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	3.79	—	—
Martin ratio: Return relative to average drawdown	10.35	—	—

Drawdowns

EPU vs. METL - Drawdown Comparison

The maximum EPU drawdown since its inception was -60.62%, which is greater than METL's maximum drawdown of -28.80%. Use the drawdown chart below to compare losses from any high point for EPU and METL.

Drawdown Indicators

	EPU	METL	Difference
Max Drawdown Largest peak-to-trough decline	-60.62%	-28.80%	-31.82%
Max Drawdown (1Y) Largest decline over 1 year	-20.85%	—	—
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	-8.45%	-28.80%	+20.35%
Average Drawdown Average peak-to-trough decline	-18.75%	-10.00%	-8.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.61%	—	—

Volatility

Volatility by Period

	EPU	METL	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.88%	—	—
Volatility (6M) Calculated over the trailing 6-month period	27.14%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	31.72%	44.16%	-12.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.21%	44.16%	-18.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.66%	44.16%	-20.50%

EPU vs. METL - Expense Ratio Comparison

EPU has a 0.59% expense ratio, which is lower than METL's 0.89% expense ratio.

Dividends

EPU vs. METL - Dividend Comparison

EPU's dividend yield for the trailing twelve months is around 2.02%, more than METL's 1.06% 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%
METL Sprott Active Metals & Miners ETF	1.06%	0.99%	0.00%	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 METL in my portfolio?

EPU and METL have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EPU or METL?

On fees, EPU is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EPU or METL?

EPU is cheaper with a 0.59% expense ratio, compared with 0.89% for METL.

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

EPU has the higher dividend yield at 2.02%, compared with 1.06% for METL.

What is the main difference between EPU and METL?

EPU is categorized as Mid Cap Blend Equities, while METL is Natural Resources. They also come from different issuers: iShares and Sprott. Their fees differ too: 0.59% for EPU and 0.89% for METL.