IOPP vs. EPI

Last updated Jul 18, 2026

IOPP (Simplify Tara India Opportunities ETF) and EPI (WisdomTree India Earnings Fund) are both India Equities funds. IOPP is actively managed, while EPI is passively managed. Over the past year, IOPP returned -4.98% vs -9.75% for EPI. Their correlation of 0.84 suggests significant overlap in exposure. IOPP charges 0.73%/yr vs 0.84%/yr for EPI.

Performance

IOPP vs. EPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Tara India Opportunities ETF (IOPP) and WisdomTree India Earnings Fund (EPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IOPP achieves a -3.90% return, which is significantly higher than EPI's -8.58% return.

IOPP

• 1D: 0.26%
• 1M: 2.14%
• 6M: -1.41%
• YTD: -3.90%
• 1Y: -4.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EPI

• 1D: 0.31%
• 1M: -0.61%
• 6M: -6.72%
• YTD: -8.58%
• 1Y: -9.75%
• 3Y*: 5.80%
• 5Y*: 6.01%
• 10Y*: 8.72%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IOPP vs. EPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IOPP Simplify Tara India Opportunities ETF	-3.90%	1.86%	14.31%
EPI WisdomTree India Earnings Fund	-8.58%	2.25%	1.68%

Correlation

The correlation between IOPP and EPI is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (All Time) Calculated using the full available price history since Mar 5, 2024	0.84

The correlation between IOPP and EPI has been stable across timeframes, ranging from 0.84 to 0.86 - a consistent structural relationship.

IOPP vs. EPI - Sectors Allocation Comparison

Sectors	IOPP	EPI
Consumer Cyclical	41.2%	7.6%
Financial Services	15.3%	23.2%
Consumer Defensive	12.8%	3.5%
Industrials	10.3%	9.9%
Healthcare	9.7%	5.8%
Communication Services	7.7%	2.0%
Basic Materials	3.0%	14.2%
Technology	0.0%	8.3%
Energy	-	16.4%
Real Estate	-	0.9%
Utilities	-	8.3%

Return for Risk

IOPP vs. EPI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IOPP

IOPP Risk / Return Rank: 7
IOPP Sharpe Ratio Rank: 7
IOPP Sortino Ratio Rank: 7
IOPP Omega Ratio Rank: 7
IOPP Calmar Ratio Rank: 7
IOPP Martin Ratio Rank: 7

EPI

EPI Risk / Return Rank: 3
EPI Sharpe Ratio Rank: 4
EPI Sortino Ratio Rank: 4
EPI Omega Ratio Rank: 4
EPI Calmar Ratio Rank: 4
EPI Martin Ratio Rank: 1

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.

IOPP vs. EPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Tara India Opportunities ETF (IOPP) and WisdomTree India Earnings Fund (EPI). 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.

	IOPP	EPI	Difference
Sharpe ratio: Return per unit of total volatility	-0.29	-0.64	+0.35
Sortino ratio: Return per unit of downside risk	-0.31	-0.84	+0.53
Omega ratio: Gain probability vs. loss probability	0.97	0.91	+0.06
Calmar ratio: Return relative to maximum drawdown	-0.26	-0.62	+0.37
Martin ratio: Return relative to average drawdown	-0.64	-1.48	+0.84

IOPP vs. EPI - Sharpe Ratio Comparison

The current IOPP Sharpe Ratio is -0.29, which is higher than the EPI Sharpe Ratio of -0.64. The chart below compares the historical Sharpe Ratios of IOPP and EPI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IOPP vs. EPI - Drawdown Comparison

The maximum IOPP drawdown since its inception was -23.67%, smaller than the maximum EPI drawdown of -66.21%. Use the drawdown chart below to compare losses from any high point for IOPP and EPI.

Drawdown Indicators

	IOPP	EPI	Difference
Max Drawdown Largest peak-to-trough decline	-23.67%	-66.21%	+42.54%
Max Drawdown (1Y) Largest decline over 1 year	-19.42%	-15.69%	-3.73%
Max Drawdown (3Y) Largest decline over 3 years	—	-21.89%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.89%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-50.29%	—
Current Drawdown Current decline from peak	-12.23%	-16.51%	+4.28%
Average Drawdown Average peak-to-trough decline	-9.06%	-18.63%	+9.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.81%	6.68%	+1.13%

Volatility

IOPP vs. EPI - Volatility Comparison

Simplify Tara India Opportunities ETF (IOPP) and WisdomTree India Earnings Fund (EPI) have volatilities of 3.61% and 3.71%, 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.

Volatility by Period

	IOPP	EPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.61%	3.71%	-0.10%
Volatility (6M) Calculated over the trailing 6-month period	14.63%	13.02%	+1.61%
Volatility (1Y) Calculated over the trailing 1-year period	17.29%	15.24%	+2.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.67%	16.27%	+0.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.67%	20.26%	-3.59%

IOPP vs. EPI - Expense Ratio Comparison

IOPP has a 0.73% expense ratio, which is lower than EPI's 0.84% expense ratio.

Dividends

IOPP vs. EPI - Dividend Comparison

IOPP's dividend yield for the trailing twelve months is around 0.38%, while EPI has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPI WisdomTree India Earnings Fund	0.00%	0.00%	0.27%	0.15%	6.01%	1.18%	0.78%	1.17%	1.18%	0.85%	1.05%	1.20%
IOPP Simplify Tara India Opportunities ETF	0.38%	0.29%	6.96%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IOPP and EPI in my portfolio?

IOPP and EPI have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IOPP or EPI?

EPI has higher volatility (3.71%) compared to IOPP (3.61%). In terms of maximum drawdown, IOPP dropped -23.67% vs EPI's -66.21%.

Which ETF is better, IOPP or EPI?

On 1-year performance, IOPP leads with -4.98% vs -9.75% for EPI. On fees, IOPP is cheaper at 0.73% per year. On volatility, IOPP has been the lower-risk option at 3.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IOPP or EPI?

Over the 1-year period, IOPP has performed better with a -4.98% return vs -9.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IOPP or EPI?

IOPP is cheaper with a 0.73% expense ratio, compared with 0.84% for EPI.

Which ETF pays a higher dividend yield, IOPP or EPI?

IOPP has the higher dividend yield at 0.38%, compared with 0.00% for EPI.

What is the main difference between IOPP and EPI?

They also come from different issuers: Simplify and WisdomTree. Their fees differ too: 0.73% for IOPP and 0.84% for EPI.

Which has better risk-adjusted returns?

IOPP currently has the higher Sharpe Ratio (-0.29 vs -0.64), 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.