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IDX vs. EIDO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IDX vs. EIDO

Last updated Aug 4, 2026
Documentation

IDX (VanEck Vectors Indonesia Index ETF) and EIDO (iShares MSCI Indonesia ETF) are both Indonesia Equities funds - IDX tracks the MVIS Indonesia Index while EIDO tracks the MSCI Indonesia Investable Market Index. Both are passively managed. Over the past 10 years, IDX returned -5.23%/yr vs -5.01%/yr for EIDO. Their correlation of 0.95 means they have usually moved in the same direction. IDX charges 0.57%/yr vs 0.59%/yr for EIDO.

Performance

IDX vs. EIDO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Indonesia Index ETF (IDX) and iShares MSCI Indonesia ETF (EIDO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with IDX having a -33.62% return and EIDO slightly higher at -32.06%. Both investments have delivered pretty close results over the past 10 years, with IDX having a -5.23% annualized return and EIDO not far ahead at -5.01%.

IDX

1D
0.64%
1M
9.05%
6M
-27.51%
YTD
-33.62%
1Y
-26.86%
3Y*
-12.88%
5Y*
-7.01%
10Y*
-5.23%
ALL TIME*
3.76%

EIDO

1D
0.81%
1M
8.91%
6M
-27.03%
YTD
-32.06%
1Y
-27.16%
3Y*
-15.44%
5Y*
-6.41%
10Y*
-5.01%
ALL TIME*
-1.53%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

EIDO

iShares MSCI Indonesia ETF
$13.59M$15.49M$20.66M

IDX

VanEck Vectors Indonesia Index ETF
$1.10M$722.78K$941.75K

IDX vs. EIDO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IDX
VanEck Vectors Indonesia Index ETF		-33.62%13.83%-9.75%1.98%-9.40%-2.59%-7.45%6.26%-10.46%19.24%
EIDO
iShares MSCI Indonesia ETF		-32.06%4.90%-13.02%2.56%-0.16%-0.60%-7.13%5.30%-10.88%19.40%

Correlation

The correlation between IDX and EIDO is 0.91, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.91

Correlation (3Y)
Balances recent behavior with more history.

0.89

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.89

Correlation (10Y)
Provides a long-term view across more market conditions.

0.94

Correlation (All Time)
Calculated using the full available price history since May 7, 2010

0.95

The correlation between IDX and EIDO has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.

IDX vs. EIDO - Sectors Allocation Comparison

Sectors
IDX
EIDO

Financial Services

27.3%
44.7%

Basic Materials

20.9%
10.9%

Industrials

13.0%
5.8%

Energy

11.0%
10.0%

Consumer Defensive

10.1%
7.7%

Communication Services

8.3%
9.4%

Utilities

4.2%
0.6%

Real Estate

1.9%
1.4%

Healthcare

1.8%
1.4%

Consumer Cyclical

1.5%
2.1%

Technology

0.2%
4.0%

Financial Services

IDX
27.3%
EIDO
44.7%

Basic Materials

IDX
20.9%
EIDO
10.9%

Industrials

IDX
13.0%
EIDO
5.8%

Energy

IDX
11.0%
EIDO
10.0%

Consumer Defensive

IDX
10.1%
EIDO
7.7%

Communication Services

IDX
8.3%
EIDO
9.4%

Utilities

IDX
4.2%
EIDO
0.6%

Real Estate

IDX
1.9%
EIDO
1.4%

Healthcare

IDX
1.8%
EIDO
1.4%

Consumer Cyclical

IDX
1.5%
EIDO
2.1%

Technology

IDX
0.2%
EIDO
4.0%

Compare stocks, funds, or ETFs

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

VanEck Vectors Indonesia Index ETF

iShares MSCI Indonesia ETF

Often compared with IDX:
IDX vs. VNMIDX vs. SPYIDX vs. BTC-USDIDX vs. EDOGIDX vs. VOOIDX vs. KSAIDX vs. SMH
Often compared with EIDO:
EIDO vs. EWYEIDO vs. INDAEIDO vs. ASEAEIDO vs. EWMEIDO vs. EWSEIDO vs. EWWEIDO vs. VOO

Return for Risk

IDX vs. EIDO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IDX
IDX Risk / Return Rank: 33
Overall Rank
IDX Sharpe Ratio Rank: 22
Sharpe Ratio Rank
IDX Sortino Ratio Rank: 33
Sortino Ratio Rank
IDX Omega Ratio Rank: 22
Omega Ratio Rank
IDX Calmar Ratio Rank: 44
Calmar Ratio Rank
IDX Martin Ratio Rank: 22
Martin Ratio Rank
EIDO
EIDO Risk / Return Rank: 22
Overall Rank
EIDO Sharpe Ratio Rank: 11
Sharpe Ratio Rank
EIDO Sortino Ratio Rank: 22
Sortino Ratio Rank
EIDO Omega Ratio Rank: 22
Omega Ratio Rank
EIDO Calmar Ratio Rank: 44
Calmar Ratio Rank
EIDO Martin Ratio Rank: 11
Martin Ratio Rank
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.

IDX vs. EIDO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Indonesia Index ETF (IDX) and iShares MSCI Indonesia ETF (EIDO). 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.

IDXEIDODifference
Sharpe ratioReturn per unit of total volatility
-0.95
-1.04

+0.09

Sortino ratioReturn per unit of downside risk
-1.23
-1.42

+0.19

Omega ratioGain probability vs. loss probability

0.84

0.82

+0.02

Calmar ratioReturn relative to maximum drawdown

-0.61

-0.62

+0.02

Martin ratioReturn relative to average drawdown

-1.34

-1.44

+0.11

IDX vs. EIDO - Sharpe Ratio Comparison

The current IDX Sharpe Ratio is -0.95, which is comparable to the EIDO Sharpe Ratio of -1.04. The chart below compares the historical Sharpe Ratios of IDX and EIDO, 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

IDX vs. EIDO - Drawdown Comparison

The maximum IDX drawdown since its inception was -63.14%, roughly equal to the maximum EIDO drawdown of -63.21%. Use the drawdown chart below to compare losses from any high point for IDX and EIDO.

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Drawdown Indicators

IDXEIDODifference

Max Drawdown

Largest peak-to-trough decline

-63.14%

-63.21%

+0.07%

Max Drawdown (1Y)

Largest decline over 1 year

-44.52%

-43.81%

-0.71%

Max Drawdown (3Y)

Largest decline over 3 years

-46.73%

-51.77%

+5.04%

Max Drawdown (5Y)

Largest decline over 5 years

-51.25%

-51.77%

+0.52%

Max Drawdown (10Y)

Largest decline over 10 years

-59.11%

-59.41%

+0.30%

Current Drawdown

Current decline from peak

-54.98%

-53.63%

-1.35%

Average Drawdown

Average peak-to-trough decline

-25.12%

-24.93%

-0.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

20.14%

18.87%

+1.27%

Volatility

IDX vs. EIDO - Volatility Comparison

VanEck Vectors Indonesia Index ETF (IDX) has a higher volatility of 7.49% compared to iShares MSCI Indonesia ETF (EIDO) at 6.67%. This indicates that IDX's price experiences larger fluctuations and is considered to be riskier than EIDO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IDXEIDODifference

Volatility (1M)

Calculated over the trailing 1-month period

7.49%

6.67%

+0.82%

Volatility (6M)

Calculated over the trailing 6-month period

22.55%

21.33%

+1.22%

Volatility (1Y)

Calculated over the trailing 1-year period

28.56%

26.27%

+2.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.31%

20.69%

+0.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.54%

25.02%

-0.48%

IDX vs. EIDO - Expense Ratio Comparison

IDX has a 0.57% expense ratio, which is lower than EIDO's 0.59% expense ratio.

Dividends

IDX vs. EIDO - Dividend Comparison

IDX's dividend yield for the trailing twelve months is around 3.14%, less than EIDO's 3.28% yield.

PositionTTM20252024202320222021202020192018201720162015
EIDO
iShares MSCI Indonesia ETF		3.28%3.56%5.20%2.94%2.53%1.33%1.51%1.78%1.99%1.26%1.16%1.67%
IDX
VanEck Vectors Indonesia Index ETF		3.14%2.08%4.01%3.62%3.64%1.08%1.66%2.21%2.19%1.85%1.16%2.43%

Frequently Asked Questions

With a correlation of 0.91, IDX and EIDO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

IDX has higher volatility (7.49%) compared to EIDO (6.67%). In terms of maximum drawdown, IDX dropped -63.14% vs EIDO's -63.21%.

On 10-year performance, EIDO leads with -5.01% vs -5.23% for IDX. On fees, IDX is cheaper at 0.57% per year. On volatility, EIDO has been the lower-risk option at 6.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, EIDO has performed better with a -5.01% return vs -5.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IDX is cheaper with a 0.57% expense ratio, compared with 0.59% for EIDO.

EIDO has the higher dividend yield at 3.28%, compared with 3.14% for IDX.

IDX tracks MVIS Indonesia Index, while EIDO tracks MSCI Indonesia Investable Market Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.57% for IDX and 0.59% for EIDO.

IDX currently has the higher Sharpe Ratio (-0.95 vs -1.04), 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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