PIEQ vs. EIS
PIEQ (Principal International Equity ETF) and EIS (iShares MSCI Israel ETF) are both Foreign Large Cap Equities funds. PIEQ is actively managed, while EIS is passively managed. Over the past year, PIEQ returned 23.95% vs 25.64% for EIS. A 0.53 correlation means they provide meaningful diversification when combined. PIEQ charges 0.48%/yr vs 0.59%/yr for EIS.
Performance
PIEQ vs. EIS - Performance Comparison
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Returns By Period
In the year-to-date period, PIEQ achieves a 8.31% return, which is significantly higher than EIS's 7.88% return.
PIEQ
- 1D
- 0.20%
- 1M
- -0.64%
- 6M
- 4.57%
- YTD
- 8.31%
- 1Y
- 23.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EIS
- 1D
- -1.15%
- 1M
- -8.66%
- 6M
- 0.49%
- YTD
- 7.88%
- 1Y
- 25.64%
- 3Y*
- 29.87%
- 5Y*
- 13.03%
- 10Y*
- 10.76%
PIEQ vs. EIS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PIEQ Principal International Equity ETF | 8.31% | 38.10% | -2.98% |
EIS iShares MSCI Israel ETF | 7.88% | 45.11% | 12.78% |
Correlation
The correlation between PIEQ and EIS is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2024 | 0.53 |
The correlation between PIEQ and EIS has been stable across timeframes, ranging from 0.53 to 0.53 - a consistent structural relationship.
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Return for Risk
PIEQ vs. EIS — Risk / Return Rank
PIEQ
EIS
PIEQ vs. EIS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal International Equity ETF (PIEQ) 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.
| PIEQ | EIS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.21 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 1.85 | +0.68 |
| Martin ratioReturn relative to average drawdown | 9.47 | 5.46 | +4.01 |
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Drawdowns
PIEQ vs. EIS - Drawdown Comparison
The maximum PIEQ drawdown since its inception was -15.17%, smaller than the maximum EIS drawdown of -51.94%. Use the drawdown chart below to compare losses from any high point for PIEQ and EIS.
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Drawdown Indicators
| PIEQ | EIS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.17% | -51.94% | +36.77% |
Max Drawdown (1Y)Largest decline over 1 year | -9.53% | -13.90% | +4.37% |
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 | -2.46% | -13.79% | +11.33% |
Average DrawdownAverage peak-to-trough decline | -1.98% | -13.88% | +11.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 4.71% | -2.17% |
Volatility
PIEQ vs. EIS - Volatility Comparison
The current volatility for Principal International Equity ETF (PIEQ) is 6.17%, while iShares MSCI Israel ETF (EIS) has a volatility of 8.90%. This indicates that PIEQ experiences smaller price fluctuations and is considered to be less risky than EIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIEQ | EIS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.17% | 8.90% | -2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 15.10% | 18.18% | -3.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.12% | 22.99% | -5.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.76% | 22.24% | -4.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.76% | 21.24% | -3.48% |
PIEQ vs. EIS - Expense Ratio Comparison
PIEQ has a 0.48% expense ratio, which is lower than EIS's 0.59% expense ratio.
Dividends
PIEQ vs. EIS - Dividend Comparison
PIEQ's dividend yield for the trailing twelve months is around 1.18%, less than EIS's 1.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIS iShares MSCI Israel ETF | 1.58% | 1.44% | 1.38% | 1.39% | 1.66% | 1.04% | 0.16% | 2.06% | 0.87% | 2.02% | 1.78% | 2.55% |
PIEQ Principal International Equity ETF | 1.18% | 1.28% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PIEQ and EIS have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EIS has higher volatility (8.90%) compared to PIEQ (6.17%). In terms of maximum drawdown, PIEQ dropped -15.17% vs EIS's -51.94%.
On 1-year performance, EIS leads with 25.64% vs 23.95% for PIEQ. On fees, PIEQ is cheaper at 0.48% per year. On volatility, PIEQ has been the lower-risk option at 6.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EIS has performed better with a 25.64% return vs 23.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PIEQ is cheaper with a 0.48% expense ratio, compared with 0.59% for EIS.
EIS has the higher dividend yield at 1.58%, compared with 1.18% for PIEQ.
They also come from different issuers: Principal and iShares. Their fees differ too: 0.48% for PIEQ and 0.59% for EIS.
PIEQ currently has the higher Sharpe Ratio (1.41 vs 1.12), 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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