EWH vs. EPP
Compare and contrast key facts about iShares MSCI Hong Kong ETF (EWH) and iShares MSCI Pacific ex Japan ETF (EPP).
EWH and EPP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWH is a passively managed fund by iShares that tracks the performance of the MSCI Hong Kong Index. It was launched on Mar 12, 1996. EPP is a passively managed fund by iShares that tracks the performance of the MSCI Pacific ex-Japan Index. It was launched on Oct 25, 2001. Both EWH and EPP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
EWH vs. EPP - Performance Comparison
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EWH vs. EPP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EWH iShares MSCI Hong Kong ETF | 8.66% | 34.50% | 0.00% | -13.87% | -6.81% | -3.49% | 4.17% | 10.74% | -8.76% | 36.46% |
EPP iShares MSCI Pacific ex Japan ETF | 5.29% | 19.70% | 4.76% | 5.76% | -6.59% | 4.26% | 6.04% | 18.30% | -10.78% | 26.05% |
Returns By Period
In the year-to-date period, EWH achieves a 8.66% return, which is significantly higher than EPP's 5.29% return. Over the past 10 years, EWH has underperformed EPP with an annualized return of 5.22%, while EPP has yielded a comparatively higher 7.32% annualized return.
EWH
- 1D
- 3.17%
- 1M
- -4.63%
- YTD
- 8.66%
- 6M
- 10.59%
- 1Y
- 39.05%
- 3Y*
- 8.77%
- 5Y*
- 0.83%
- 10Y*
- 5.22%
EPP
- 1D
- 2.47%
- 1M
- -6.44%
- YTD
- 5.29%
- 6M
- 5.22%
- 1Y
- 25.20%
- 3Y*
- 10.91%
- 5Y*
- 5.11%
- 10Y*
- 7.32%
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EWH vs. EPP - Expense Ratio Comparison
EWH has a 0.49% expense ratio, which is higher than EPP's 0.48% expense ratio.
Return for Risk
EWH vs. EPP — Risk / Return Rank
EWH
EPP
EWH vs. EPP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Hong Kong ETF (EWH) and iShares MSCI Pacific ex Japan ETF (EPP). 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.
| EWH | EPP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.09 | 1.36 | +0.73 |
Sortino ratioReturn per unit of downside risk | 2.66 | 1.89 | +0.77 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.29 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.66 | 1.86 | +0.80 |
Martin ratioReturn relative to average drawdown | 11.06 | 8.35 | +2.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EWH | EPP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | 1.36 | +0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.30 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.38 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.38 | -0.20 |
Correlation
The correlation between EWH and EPP is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
EWH vs. EPP - Dividend Comparison
EWH's dividend yield for the trailing twelve months is around 4.78%, more than EPP's 3.58% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWH iShares MSCI Hong Kong ETF | 4.78% | 5.20% | 4.17% | 4.28% | 2.91% | 2.78% | 2.56% | 2.71% | 2.93% | 4.35% | 3.08% | 2.63% |
EPP iShares MSCI Pacific ex Japan ETF | 3.58% | 3.77% | 3.81% | 4.10% | 4.37% | 4.58% | 2.28% | 3.89% | 5.00% | 4.15% | 3.96% | 4.90% |
Drawdowns
EWH vs. EPP - Drawdown Comparison
The maximum EWH drawdown since its inception was -66.44%, roughly equal to the maximum EPP drawdown of -66.01%. Use the drawdown chart below to compare losses from any high point for EWH and EPP.
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Drawdown Indicators
| EWH | EPP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.44% | -66.01% | -0.43% |
Max Drawdown (1Y)Largest decline over 1 year | -14.56% | -13.34% | -1.22% |
Max Drawdown (5Y)Largest decline over 5 years | -42.71% | -26.31% | -16.40% |
Max Drawdown (10Y)Largest decline over 10 years | -42.71% | -39.30% | -3.41% |
Current DrawdownCurrent decline from peak | -4.63% | -6.54% | +1.91% |
Average DrawdownAverage peak-to-trough decline | -19.58% | -10.68% | -8.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 2.97% | +0.52% |
Volatility
EWH vs. EPP - Volatility Comparison
The current volatility for iShares MSCI Hong Kong ETF (EWH) is 6.30%, while iShares MSCI Pacific ex Japan ETF (EPP) has a volatility of 7.31%. This indicates that EWH experiences smaller price fluctuations and is considered to be less risky than EPP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EWH | EPP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.30% | 7.31% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 12.53% | 11.13% | +1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.77% | 18.61% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.97% | 17.30% | +2.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.55% | 19.11% | +0.44% |