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INCO vs. EPP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

INCO vs. EPP

Last updated Jun 25, 2026

INCO (Columbia India Consumer ETF) and EPP (iShares MSCI Pacific ex Japan ETF) are both Asia Pacific Equities funds - INCO tracks the Indxx India Consumer Index while EPP tracks the MSCI Pacific ex-Japan Index. Both are passively managed. Over the past 10 years, INCO returned 8.95%/yr vs 7.60%/yr for EPP. At a 0.46 correlation, their price movements are largely independent. INCO charges 0.75%/yr vs 0.48%/yr for EPP.

Performance

INCO vs. EPP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia India Consumer ETF (INCO) and iShares MSCI Pacific ex Japan ETF (EPP). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, INCO achieves a -8.49% return, which is significantly lower than EPP's 6.62% return. Over the past 10 years, INCO has outperformed EPP with an annualized return of 8.95%, while EPP has yielded a comparatively lower 7.60% annualized return.

INCO

1D
0.26%
1M
2.61%
YTD
-8.49%
6M
-7.75%
1Y
-7.35%
3Y*
7.64%
5Y*
6.82%
10Y*
8.95%

EPP

1D
-0.21%
1M
-2.13%
YTD
6.62%
6M
4.99%
1Y
12.36%
3Y*
12.59%
5Y*
4.50%
10Y*
7.60%
*Multi-year figures are annualized to reflect compound growth (CAGR)

INCO vs. EPP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
INCO
Columbia India Consumer ETF		-8.49%0.59%12.70%34.63%-7.01%19.28%14.55%-4.22%-10.81%53.28%
EPP
iShares MSCI Pacific ex Japan ETF		6.62%19.70%4.76%5.76%-6.59%4.26%6.04%18.30%-10.78%26.05%

Correlation

The correlation between INCO and EPP 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

0.37

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

0.42

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

0.47

Correlation (All Time)
Calculated using the full available price history since Aug 10, 2011

0.46

The correlation between INCO and EPP shifts across timeframes, from 0.36 (1 year) to 0.47 (10 years), reflecting how their relationship changes across market environments.

INCO vs. EPP - Sectors Allocation Comparison

Sectors
INCO
EPP

Consumer Cyclical

59.9%
6.2%

Consumer Defensive

39.0%
2.9%

Industrials

1.4%
8.5%

Technology

1.2%
1.0%

Basic Materials

-

17.0%

Communication Services

-

2.6%

Energy

-

2.7%

Financial Services

-

44.9%

Healthcare

-

3.3%

Real Estate

-

7.4%

Utilities

-

3.5%

Consumer Cyclical

INCO
59.9%
EPP
6.2%

Consumer Defensive

INCO
39.0%
EPP
2.9%

Industrials

INCO
1.4%
EPP
8.5%

Technology

INCO
1.2%
EPP
1.0%

Basic Materials

INCO

-

EPP
17.0%

Communication Services

INCO

-

EPP
2.6%

Energy

INCO

-

EPP
2.7%

Financial Services

INCO

-

EPP
44.9%

Healthcare

INCO

-

EPP
3.3%

Real Estate

INCO

-

EPP
7.4%

Utilities

INCO

-

EPP
3.5%

Compare stocks, funds, or ETFs

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

Columbia India Consumer ETF

iShares MSCI Pacific ex Japan ETF

Often compared with INCO:
INCO vs. INDAINCO vs. INDYINCO vs. FLININCO vs. EPIINCO vs. SMININCO vs. GLININCO vs. INQQ
Often compared with EPP:
EPP vs. EWTEPP vs. AAXJEPP vs. BBAXEPP vs. EWHEPP vs. AIAEPP vs. EWYEPP vs. VPL

Return for Risk

INCO vs. EPP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
INCO
INCO Risk / Return Rank: 55
Overall Rank
INCO Sharpe Ratio Rank: 55
Sharpe Ratio Rank
INCO Sortino Ratio Rank: 55
Sortino Ratio Rank
INCO Omega Ratio Rank: 55
Omega Ratio Rank
INCO Calmar Ratio Rank: 66
Calmar Ratio Rank
INCO Martin Ratio Rank: 55
Martin Ratio Rank
EPP
EPP Risk / Return Rank: 2727
Overall Rank
EPP Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
EPP Sortino Ratio Rank: 2424
Sortino Ratio Rank
EPP Omega Ratio Rank: 2424
Omega Ratio Rank
EPP Calmar Ratio Rank: 3131
Calmar Ratio Rank
EPP Martin Ratio Rank: 3131
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.

INCO vs. EPP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia India Consumer ETF (INCO) 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.

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.

INCOEPPDifference
Sharpe ratioReturn per unit of total volatility
-0.43
0.82

-1.26

Sortino ratioReturn per unit of downside risk
-0.53
1.23

-1.75

Omega ratioGain probability vs. loss probability

0.94

1.15

-0.21

Calmar ratioReturn relative to maximum drawdown

-0.35

1.41

-1.76

Martin ratioReturn relative to average drawdown

-0.83

4.12

-4.95

INCO vs. EPP - Sharpe Ratio Comparison

The current INCO Sharpe Ratio is -0.43, which is lower than the EPP Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of INCO and EPP, 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

INCO vs. EPP - Drawdown Comparison

The maximum INCO drawdown since its inception was -47.69%, smaller than the maximum EPP drawdown of -66.01%. Use the drawdown chart below to compare losses from any high point for INCO and EPP.

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Drawdown Indicators

INCOEPPDifference

Max Drawdown

Largest peak-to-trough decline

-47.69%

-66.01%

+18.32%

Max Drawdown (1Y)

Largest decline over 1 year

-21.37%

-8.79%

-12.58%

Max Drawdown (3Y)

Largest decline over 3 years

-29.98%

-19.29%

-10.69%

Max Drawdown (5Y)

Largest decline over 5 years

-29.98%

-24.79%

-5.19%

Max Drawdown (10Y)

Largest decline over 10 years

-47.69%

-39.30%

-8.39%

Current Drawdown

Current decline from peak

-22.07%

-5.42%

-16.65%

Average Drawdown

Average peak-to-trough decline

-10.62%

-10.60%

-0.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.91%

3.01%

+5.90%

Volatility

INCO vs. EPP - Volatility Comparison

Columbia India Consumer ETF (INCO) and iShares MSCI Pacific ex Japan ETF (EPP) have volatilities of 5.21% and 5.34%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

INCOEPPDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.21%

5.34%

-0.13%

Volatility (6M)

Calculated over the trailing 6-month period

14.39%

12.79%

+1.60%

Volatility (1Y)

Calculated over the trailing 1-year period

17.04%

15.15%

+1.89%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.98%

17.52%

-0.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.30%

19.05%

+1.25%

INCO vs. EPP - Expense Ratio Comparison

INCO has a 0.75% expense ratio, which is higher than EPP's 0.48% expense ratio.

Dividends

INCO vs. EPP - Dividend Comparison

INCO has not paid dividends to shareholders, while EPP's dividend yield for the trailing twelve months is around 3.53%.

PositionTTM20252024202320222021202020192018201720162015
EPP
iShares MSCI Pacific ex Japan ETF		3.53%3.77%3.81%4.10%4.37%4.58%2.28%3.89%5.00%4.15%3.96%4.90%
INCO
Columbia India Consumer ETF		0.00%0.00%2.88%3.81%10.57%6.25%0.34%0.28%0.12%0.05%0.09%0.00%

Frequently Asked Questions

INCO and EPP 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.

EPP has higher volatility (5.34%) compared to INCO (5.21%). In terms of maximum drawdown, INCO dropped -47.69% vs EPP's -66.01%.

On 10-year performance, INCO leads with 8.95% vs 7.60% for EPP. On fees, EPP is cheaper at 0.48% per year. On volatility, INCO has been the lower-risk option at 5.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, INCO has performed better with a 8.95% return vs 7.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EPP is cheaper with a 0.48% expense ratio, compared with 0.75% for INCO.

EPP has the higher dividend yield at 3.53%, compared with 0.00% for INCO.

INCO tracks Indxx India Consumer Index, while EPP tracks MSCI Pacific ex-Japan Index. They also come from different issuers: Ameriprise Financial and iShares. Their fees differ too: 0.75% for INCO and 0.48% for EPP.

EPP currently has the higher Sharpe Ratio (0.82 vs -0.43), 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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