PIEL vs. EIS
PIEL (Pacer International Export Leaders ETF) and EIS (iShares MSCI Israel ETF) are both Foreign Large Cap Equities funds - PIEL tracks the Pacer International Export Leaders Index while EIS tracks the MSCI Israel Capped Investable Market Index (Net). Both are passively managed. A 0.55 correlation means they provide meaningful diversification when combined. PIEL charges 0.60%/yr vs 0.59%/yr for EIS.
Performance
PIEL vs. EIS - Performance Comparison
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Returns By Period
In the year-to-date period, PIEL achieves a 14.89% return, which is significantly higher than EIS's 9.14% return.
PIEL
- 1D
- -0.23%
- 1M
- -0.18%
- 6M
- 9.81%
- YTD
- 14.89%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EIS
- 1D
- -0.17%
- 1M
- -6.38%
- 6M
- 1.78%
- YTD
- 9.14%
- 1Y
- 27.10%
- 3Y*
- 31.90%
- 5Y*
- 13.09%
- 10Y*
- 11.05%
PIEL vs. EIS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PIEL Pacer International Export Leaders ETF | 14.89% | -0.43% |
EIS iShares MSCI Israel ETF | 9.14% | -1.76% |
Correlation
The correlation between PIEL and EIS is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 23, 2025 | 0.55 |
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Return for Risk
PIEL vs. EIS — Risk / Return Rank
PIEL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EIS
PIEL vs. EIS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer International Export Leaders ETF (PIEL) and iShares MSCI Israel ETF (EIS). 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.
| PIEL | EIS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.20 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.83 | — |
| Martin ratioReturn relative to average drawdown | — | 5.47 | — |
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Drawdowns
PIEL vs. EIS - Drawdown Comparison
The maximum PIEL drawdown since its inception was -14.67%, smaller than the maximum EIS drawdown of -51.94%. Use the drawdown chart below to compare losses from any high point for PIEL and EIS.
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Drawdown Indicators
| PIEL | EIS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.67% | -51.94% | +37.27% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.90% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.10% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -41.88% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.88% | — |
Current DrawdownCurrent decline from peak | -3.89% | -12.79% | +8.90% |
Average DrawdownAverage peak-to-trough decline | -3.42% | -13.88% | +10.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.66% | — |
Volatility
PIEL vs. EIS - Volatility Comparison
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Volatility by Period
| PIEL | EIS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.16% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 18.15% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.81% | 22.98% | +1.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.81% | 22.23% | +2.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.81% | 21.23% | +3.58% |
PIEL vs. EIS - Expense Ratio Comparison
PIEL has a 0.60% expense ratio, which is higher than EIS's 0.59% expense ratio.
Dividends
PIEL vs. EIS - Dividend Comparison
PIEL has not paid dividends to shareholders, while EIS's dividend yield for the trailing twelve months is around 1.56%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIS iShares MSCI Israel ETF | 1.56% | 1.44% | 1.38% | 1.39% | 1.66% | 1.04% | 0.16% | 2.06% | 0.87% | 2.02% | 1.78% | 2.55% |
PIEL Pacer International Export Leaders ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PIEL and EIS have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EIS is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EIS is cheaper with a 0.59% expense ratio, compared with 0.60% for PIEL.
EIS has the higher dividend yield at 1.56%, compared with 0.00% for PIEL.
PIEL tracks Pacer International Export Leaders Index, while EIS tracks MSCI Israel Capped Investable Market Index (Net). They also come from different issuers: Pacer and iShares. Their fees differ too: 0.60% for PIEL and 0.59% for EIS.
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