ERO vs. EPOL
ERO (Ero Copper Corp) is a stock, while EPOL (iShares MSCI Poland ETF) is Europe Equities fund tracking the MSCI Poland Investable Market Index. Over the past 5 years, ERO returned 6.21%/yr vs 15.75%/yr for EPOL. At a 0.35 correlation, their price movements are largely independent.
Performance
ERO vs. EPOL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ERO achieves a -1.91% return, which is significantly lower than EPOL's 10.88% return.
ERO
- 1D
- -8.87%
- 1M
- 2.85%
- YTD
- -1.91%
- 6M
- 1.39%
- 1Y
- 75.63%
- 3Y*
- 11.59%
- 5Y*
- 6.21%
- 10Y*
- —
EPOL
- 1D
- -1.60%
- 1M
- -2.33%
- YTD
- 10.88%
- 6M
- 11.51%
- 1Y
- 36.67%
- 3Y*
- 33.20%
- 5Y*
- 15.75%
- 10Y*
- 11.95%
ERO vs. EPOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ERO Ero Copper Corp | -1.91% | 109.87% | -14.63% | 14.84% | -10.07% | -5.73% | -10.97% | 151.68% | 21.41% | 52.76% |
EPOL iShares MSCI Poland ETF | 10.88% | 77.34% | -2.61% | 50.70% | -24.62% | 12.21% | -8.38% | -6.13% | -13.76% | 2.72% |
Correlation
The correlation between ERO and EPOL is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2017 | 0.35 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ERO vs. EPOL — Risk / Return Rank
ERO
EPOL
ERO vs. EPOL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ero Copper Corp (ERO) and iShares MSCI Poland ETF (EPOL). 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.
| ERO | EPOL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.26 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 3.34 | -1.33 |
| Martin ratioReturn relative to average drawdown | 4.20 | 9.08 | -4.87 |
Loading charts...
Drawdowns
ERO vs. EPOL - Drawdown Comparison
The maximum ERO drawdown since its inception was -67.17%, which is greater than EPOL's maximum drawdown of -63.72%. Use the drawdown chart below to compare losses from any high point for ERO and EPOL.
Loading charts...
Drawdown Indicators
| ERO | EPOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.17% | -63.72% | -3.45% |
Max Drawdown (1Y)Largest decline over 1 year | -37.97% | -11.04% | -26.93% |
Max Drawdown (3Y)Largest decline over 3 years | -59.84% | -21.81% | -38.03% |
Max Drawdown (5Y)Largest decline over 5 years | -61.02% | -54.21% | -6.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.41% | — |
Current DrawdownCurrent decline from peak | -27.03% | -4.82% | -22.21% |
Average DrawdownAverage peak-to-trough decline | -27.02% | -26.81% | -0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.06% | 4.05% | +14.01% |
Volatility
ERO vs. EPOL - Volatility Comparison
Ero Copper Corp (ERO) has a higher volatility of 26.46% compared to iShares MSCI Poland ETF (EPOL) at 7.54%. This indicates that ERO's price experiences larger fluctuations and is considered to be riskier than EPOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ERO | EPOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.46% | 7.54% | +18.92% |
Volatility (6M)Calculated over the trailing 6-month period | 48.42% | 18.40% | +30.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.47% | 23.71% | +34.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.98% | 29.18% | +25.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.42% | 27.43% | +31.99% |
Dividends
ERO vs. EPOL - Dividend Comparison
ERO has not paid dividends to shareholders, while EPOL's dividend yield for the trailing twelve months is around 3.80%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPOL iShares MSCI Poland ETF | 3.80% | 4.78% | 6.04% | 2.87% | 2.65% | 1.33% | 1.44% | 2.51% | 1.44% | 1.88% | 2.14% | 2.53% |
ERO Ero Copper Corp | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ERO and EPOL have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ERO has higher volatility (26.46%) compared to EPOL (7.54%). In terms of maximum drawdown, ERO dropped -67.17% vs EPOL's -63.72%.
EPOL currently has the higher Sharpe Ratio (1.55 vs 1.30), 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.
Find the right allocation for ERO and EPOL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer