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EZM vs. EPU
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EZM vs. EPU

Last updated Jun 24, 2026

EZM (WisdomTree U.S. MidCap Earnings Fund) and EPU (iShares MSCI Peru ETF) are both Mid Cap Blend Equities funds - EZM tracks the WisdomTree U.S. MidCap Index while EPU tracks the MSCI All Peru Capped Index. Both are passively managed. Over the past 10 years, EZM returned 11.19%/yr vs 14.73%/yr for EPU. At a 0.50 correlation, their price movements are largely independent. EZM charges 0.38%/yr vs 0.59%/yr for EPU.

Performance

EZM vs. EPU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. MidCap Earnings Fund (EZM) and iShares MSCI Peru ETF (EPU). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EZM achieves a 11.89% return, which is significantly lower than EPU's 18.54% return. Over the past 10 years, EZM has underperformed EPU with an annualized return of 11.19%, while EPU has yielded a comparatively higher 14.73% annualized return.

EZM

1D
-0.44%
1M
2.64%
YTD
11.89%
6M
10.26%
1Y
23.90%
3Y*
15.31%
5Y*
8.74%
10Y*
11.19%

EPU

1D
-3.70%
1M
3.83%
YTD
18.54%
6M
17.84%
1Y
83.34%
3Y*
46.58%
5Y*
29.75%
10Y*
14.73%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EZM vs. EPU - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EZM
WisdomTree U.S. MidCap Earnings Fund		11.89%8.42%10.29%19.69%-12.22%31.00%5.57%24.48%-12.36%17.37%
EPU
iShares MSCI Peru ETF		18.54%86.87%21.73%25.34%2.05%-11.81%-4.31%7.30%-12.17%29.70%

Correlation

The correlation between EZM and EPU is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.43

Correlation (3Y)
Calculated over the trailing 3-year period

0.45

Correlation (5Y)
Calculated over the trailing 5-year period

0.49

Correlation (10Y)
Calculated over the trailing 10-year period

0.46

Correlation (All Time)
Calculated using the full available price history since Jun 22, 2009

0.50

EZM vs. EPU - Sectors Allocation Comparison

Sectors
EZM
EPU

Financial Services

19.0%
27.9%

Industrials

16.4%
2.6%

Consumer Cyclical

15.2%
4.1%

Technology

13.6%

-

Healthcare

9.9%
0.9%

Energy

6.4%

-

Consumer Defensive

5.1%
3.0%

Real Estate

5.0%
3.0%

Basic Materials

4.4%
54.2%

Utilities

3.2%
2.8%

Communication Services

1.9%
1.5%

Financial Services

EZM
19.0%
EPU
27.9%

Industrials

EZM
16.4%
EPU
2.6%

Consumer Cyclical

EZM
15.2%
EPU
4.1%

Technology

EZM
13.6%
EPU

-

Healthcare

EZM
9.9%
EPU
0.9%

Energy

EZM
6.4%
EPU

-

Consumer Defensive

EZM
5.1%
EPU
3.0%

Real Estate

EZM
5.0%
EPU
3.0%

Basic Materials

EZM
4.4%
EPU
54.2%

Utilities

EZM
3.2%
EPU
2.8%

Communication Services

EZM
1.9%
EPU
1.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

WisdomTree U.S. MidCap Earnings Fund

iShares MSCI Peru ETF

Often compared with EZM:
EZM vs. JHQAXEZM vs. IQDGEZM vs. REGLEZM vs. SPMDEZM vs. RFVEZM vs. IMCGEZM vs. FLQM
Often compared with EPU:
EPU vs. ECHEPU vs. ILFEPU vs. ARGTEPU vs. EISEPU vs. EVXEPU vs. EWSEPU vs. EPI

Return for Risk

EZM vs. EPU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EZM
EZM Risk / Return Rank: 5454
Overall Rank
EZM Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
EZM Sortino Ratio Rank: 5454
Sortino Ratio Rank
EZM Omega Ratio Rank: 4747
Omega Ratio Rank
EZM Calmar Ratio Rank: 6060
Calmar Ratio Rank
EZM Martin Ratio Rank: 5757
Martin Ratio Rank
EPU
EPU Risk / Return Rank: 7676
Overall Rank
EPU Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
EPU Sortino Ratio Rank: 7373
Sortino Ratio Rank
EPU Omega Ratio Rank: 7575
Omega Ratio Rank
EPU Calmar Ratio Rank: 8080
Calmar Ratio Rank
EPU Martin Ratio Rank: 6666
Martin Ratio Rank
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.

EZM vs. EPU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. MidCap Earnings Fund (EZM) and iShares MSCI Peru ETF (EPU). 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.

EZMEPUDifference
Sharpe ratioReturn per unit of total volatility
1.60
2.68

-1.08

Sortino ratioReturn per unit of downside risk
2.44
3.07

-0.64

Omega ratioGain probability vs. loss probability

1.28

1.42

-0.14

Calmar ratioReturn relative to maximum drawdown

2.76

4.02

-1.26

Martin ratioReturn relative to average drawdown

9.36

11.51

-2.15

EZM vs. EPU - Sharpe Ratio Comparison

The current EZM Sharpe Ratio is 1.60, which is lower than the EPU Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of EZM and EPU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

EZM vs. EPU - Drawdown Comparison

The maximum EZM drawdown since its inception was -59.58%, roughly equal to the maximum EPU drawdown of -60.62%. Use the drawdown chart below to compare losses from any high point for EZM and EPU.

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Drawdown Indicators

EZMEPUDifference

Max Drawdown

Largest peak-to-trough decline

-59.58%

-60.62%

+1.04%

Max Drawdown (1Y)

Largest decline over 1 year

-8.70%

-20.85%

+12.15%

Max Drawdown (3Y)

Largest decline over 3 years

-23.53%

-20.85%

-2.68%

Max Drawdown (5Y)

Largest decline over 5 years

-23.53%

-35.59%

+12.06%

Max Drawdown (10Y)

Largest decline over 10 years

-47.26%

-50.97%

+3.71%

Current Drawdown

Current decline from peak

-1.01%

-8.61%

+7.60%

Average Drawdown

Average peak-to-trough decline

-8.25%

-18.79%

+10.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.56%

7.27%

-4.71%

Volatility

EZM vs. EPU - Volatility Comparison

The current volatility for WisdomTree U.S. MidCap Earnings Fund (EZM) is 4.05%, while iShares MSCI Peru ETF (EPU) has a volatility of 12.75%. This indicates that EZM experiences smaller price fluctuations and is considered to be less risky than EPU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EZMEPUDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.05%

12.75%

-8.70%

Volatility (6M)

Calculated over the trailing 6-month period

10.54%

27.23%

-16.69%

Volatility (1Y)

Calculated over the trailing 1-year period

15.06%

31.33%

-16.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.40%

25.12%

-4.72%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.33%

23.66%

-1.33%

EZM vs. EPU - Expense Ratio Comparison

EZM has a 0.38% expense ratio, which is lower than EPU's 0.59% expense ratio.

Dividends

EZM vs. EPU - Dividend Comparison

EZM's dividend yield for the trailing twelve months is around 1.25%, less than EPU's 2.02% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
EZM
WisdomTree U.S. MidCap Earnings Fund		1.25%1.39%1.22%1.25%1.57%1.08%1.67%1.34%1.57%1.14%1.55%1.30%

Frequently Asked Questions

EZM and EPU have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EPU has higher volatility (12.75%) compared to EZM (4.05%). In terms of maximum drawdown, EZM dropped -59.58% vs EPU's -60.62%.

On 10-year performance, EPU leads with 14.73% vs 11.19% for EZM. On fees, EZM is cheaper at 0.38% per year. On volatility, EZM has been the lower-risk option at 4.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, EPU has performed better with a 14.73% return vs 11.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EZM is cheaper with a 0.38% expense ratio, compared with 0.59% for EPU.

EPU has the higher dividend yield at 2.02%, compared with 1.25% for EZM.

EZM tracks WisdomTree U.S. MidCap Index, while EPU tracks MSCI All Peru Capped Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.38% for EZM and 0.59% for EPU.

EPU currently has the higher Sharpe Ratio (2.67 vs 1.60), 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.

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