IVSS vs. EPU
IVSS (Applied Finance IVS US SMID ETF) and EPU (iShares MSCI Peru ETF) are both Mid Cap Blend Equities funds. IVSS is actively managed, while EPU is passively managed. At a 0.48 correlation, their price movements are largely independent. Both charge a 0.59% expense ratio.
Performance
IVSS vs. EPU - Performance Comparison
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Returns By Period
In the year-to-date period, IVSS achieves a 19.40% return, which is significantly lower than EPU's 21.33% return.
IVSS
- 1D
- 0.20%
- 1M
- 4.06%
- 6M
- 14.15%
- YTD
- 19.40%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EPU
- 1D
- 0.85%
- 1M
- 2.39%
- 6M
- 12.27%
- YTD
- 21.33%
- 1Y
- 80.52%
- 3Y*
- 45.66%
- 5Y*
- 29.76%
- 10Y*
- 13.93%
IVSS vs. EPU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IVSS Applied Finance IVS US SMID ETF | 19.40% | 0.05% |
EPU iShares MSCI Peru ETF | 21.33% | 10.02% |
Correlation
The correlation between IVSS and EPU is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025 | 0.48 |
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Return for Risk
IVSS vs. EPU — Risk / Return Rank
IVSS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EPU
IVSS vs. EPU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Applied Finance IVS US SMID ETF (IVSS) 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.
| IVSS | EPU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.40 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.83 | — |
| Martin ratioReturn relative to average drawdown | — | 10.59 | — |
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Drawdowns
IVSS vs. EPU - Drawdown Comparison
The maximum IVSS drawdown since its inception was -8.31%, smaller than the maximum EPU drawdown of -60.62%. Use the drawdown chart below to compare losses from any high point for IVSS and EPU.
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Drawdown Indicators
| IVSS | EPU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.31% | -60.62% | +52.31% |
Max Drawdown (1Y)Largest decline over 1 year | — | -20.85% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.85% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.59% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.97% | — |
Current DrawdownCurrent decline from peak | -0.31% | -6.45% | +6.14% |
Average DrawdownAverage peak-to-trough decline | -1.58% | -18.76% | +17.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.53% | — |
Volatility
IVSS vs. EPU - Volatility Comparison
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Volatility by Period
| IVSS | EPU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.59% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 27.25% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.79% | 31.51% | -16.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.79% | 25.18% | -10.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.79% | 23.67% | -8.88% |
IVSS vs. EPU - Expense Ratio Comparison
Both IVSS and EPU have an expense ratio of 0.59%.
Dividends
IVSS vs. EPU - Dividend Comparison
IVSS's dividend yield for the trailing twelve months is around 0.06%, less than EPU's 1.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPU iShares MSCI Peru ETF | 1.98% | 1.63% | 5.78% | 4.17% | 5.56% | 3.13% | 1.91% | 2.67% | 1.53% | 3.30% | 0.85% | 1.90% |
IVSS Applied Finance IVS US SMID ETF | 0.06% | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IVSS and EPU have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.59% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IVSS and EPU have the same expense ratio: 0.59% per year.
EPU has the higher dividend yield at 1.98%, compared with 0.06% for IVSS.
They also come from different issuers: Applied Finance and iShares.
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