EPVIX vs. EPASX

Last updated Aug 1, 2026

EPVIX (EuroPac International Value Fund Class I) and EPASX (EP Emerging Markets Small Companies Fund) are both mutual funds - EPVIX is a Foreign Large Cap Equities fund actively managed by Euro Pacific, while EPASX is a Emerging Markets Equities fund managed by Euro Pacific. Over the past 10 years, EPVIX returned 8.37%/yr vs 4.87%/yr for EPASX. Their 0.50 correlation means their historical movements had little consistent relationship. EPVIX charges 1.48%/yr vs 1.75%/yr for EPASX.

Performance

EPVIX vs. EPASX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in EuroPac International Value Fund Class I (EPVIX) and EP Emerging Markets Small Companies Fund (EPASX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EPVIX achieves a 2.18% return, which is significantly lower than EPASX's 2.82% return. Over the past 10 years, EPVIX has outperformed EPASX with an annualized return of 8.37%, while EPASX has yielded a comparatively lower 4.87% annualized return.

EPVIX

• 1D: 1.06%
• 1M: 4.29%
• 6M: -2.83%
• YTD: 2.18%
• 1Y: 23.35%
• 3Y*: 16.62%
• 5Y*: 11.93%
• 10Y*: 8.37%
• ALL TIME*: 5.88%

EPASX

• 1D: 2.82%
• 1M: 2.29%
• 6M: -2.43%
• YTD: 2.82%
• 1Y: 13.69%
• 3Y*: 8.28%
• 5Y*: -0.97%
• 10Y*: 4.87%
• ALL TIME*: 4.38%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EPASX EP Emerging Markets Small Companies Fund	$0.00	$0.00	$0.00
EPVIX EuroPac International Value Fund Class I	$0.00	$0.00	$0.00

EPVIX vs. EPASX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EPVIX EuroPac International Value Fund Class I	2.18%	47.53%	5.33%	10.19%	0.74%	7.36%	18.77%	16.98%	-14.24%	15.35%
EPASX EP Emerging Markets Small Companies Fund	2.82%	25.43%	0.64%	7.15%	-28.73%	9.75%	27.20%	14.82%	-21.57%	34.40%

Correlation

The correlation between EPVIX and EPASX is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.52
Correlation (3Y) Balances recent behavior with more history.	0.53
Correlation (5Y) Shows whether the relationship held over a longer period.	0.57
Correlation (10Y) Provides a long-term view across more market conditions.	0.52
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.50

The correlation between EPVIX and EPASX has been stable across timeframes, ranging from 0.50 to 0.57 - a consistent structural relationship.

Return for Risk

EPVIX vs. EPASX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EPVIX

EPVIX Risk / Return Rank: 37
EPVIX Sharpe Ratio Rank: 45
EPVIX Sortino Ratio Rank: 37
EPVIX Omega Ratio Rank: 44
EPVIX Calmar Ratio Rank: 35
EPVIX Martin Ratio Rank: 23

EPASX

EPASX Risk / Return Rank: 22
EPASX Sharpe Ratio Rank: 23
EPASX Sortino Ratio Rank: 22
EPASX Omega Ratio Rank: 24
EPASX Calmar Ratio Rank: 25
EPASX Martin Ratio Rank: 18

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EPVIX vs. EPASX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for EuroPac International Value Fund Class I (EPVIX) and EP Emerging Markets Small Companies Fund (EPASX). 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.

	EPVIX	EPASX	Difference
Sharpe ratio: Return per unit of total volatility	1.35	0.82	+0.53
Sortino ratio: Return per unit of downside risk	1.78	1.21	+0.57
Omega ratio: Gain probability vs. loss probability	1.25	1.16	+0.09
Calmar ratio: Return relative to maximum drawdown	1.57	1.17	+0.40
Martin ratio: Return relative to average drawdown	3.46	2.63	+0.83

EPVIX vs. EPASX - Sharpe Ratio Comparison

The current EPVIX Sharpe Ratio is 1.35, which is higher than the EPASX Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of EPVIX and EPASX, 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

EPVIX vs. EPASX - Drawdown Comparison

The maximum EPVIX drawdown since its inception was -46.04%, which is greater than EPASX's maximum drawdown of -41.54%. Use the drawdown chart below to compare losses from any high point for EPVIX and EPASX.

Drawdown Indicators

	EPVIX	EPASX	Difference
Max Drawdown Largest peak-to-trough decline	-46.04%	-41.54%	-4.50%
Max Drawdown (1Y) Largest decline over 1 year	-14.89%	-10.32%	-4.57%
Max Drawdown (3Y) Largest decline over 3 years	-14.89%	-17.18%	+2.29%
Max Drawdown (5Y) Largest decline over 5 years	-21.73%	-38.99%	+17.26%
Max Drawdown (10Y) Largest decline over 10 years	-31.79%	-41.54%	+9.75%
Current Drawdown Current decline from peak	-8.43%	-7.55%	-0.88%
Average Drawdown Average peak-to-trough decline	-14.23%	-15.57%	+1.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.74%	4.58%	+2.16%

Volatility

EPVIX vs. EPASX - Volatility Comparison

The current volatility for EuroPac International Value Fund Class I (EPVIX) is 3.99%, while EP Emerging Markets Small Companies Fund (EPASX) has a volatility of 4.94%. This indicates that EPVIX experiences smaller price fluctuations and is considered to be less risky than EPASX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EPVIX	EPASX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.99%	4.94%	-0.95%
Volatility (6M) Calculated over the trailing 6-month period	14.40%	12.84%	+1.56%
Volatility (1Y) Calculated over the trailing 1-year period	17.32%	14.78%	+2.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.26%	14.87%	-0.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.35%	15.30%	+0.05%

EPVIX vs. EPASX - Expense Ratio Comparison

EPVIX has a 1.48% expense ratio, which is lower than EPASX's 1.75% expense ratio.

Dividends

EPVIX vs. EPASX - Dividend Comparison

EPVIX's dividend yield for the trailing twelve months is around 7.28%, more than EPASX's 1.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPASX EP Emerging Markets Small Companies Fund	1.90%	1.95%	2.00%	1.20%	0.50%	21.67%	0.54%	0.27%	11.18%	4.20%	1.50%	1.30%
EPVIX EuroPac International Value Fund Class I	7.28%	7.41%	2.10%	2.48%	1.78%	1.86%	1.09%	1.67%	1.88%	1.80%	0.85%	2.54%

Frequently Asked Questions

Can I hold both EPVIX and EPASX in my portfolio?

EPVIX and EPASX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EPVIX or EPASX?

EPASX has higher volatility (4.94%) compared to EPVIX (3.99%). In terms of maximum drawdown, EPVIX dropped -46.04% vs EPASX's -41.54%.

Which has better risk-adjusted returns?

EPVIX currently has the higher Sharpe Ratio (1.35 vs 0.82), 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.