TMSL vs. EPU
Compare and contrast key facts about T. Rowe Price Small-Mid Cap ETF (TMSL) and iShares MSCI Peru ETF (EPU).
TMSL and EPU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TMSL is an actively managed fund by T. Rowe Price. It was launched on Jun 14, 2023. EPU is a passively managed fund by iShares that tracks the performance of the MSCI All Peru Capped Index. It was launched on Jun 19, 2009.
Performance
TMSL vs. EPU - Performance Comparison
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TMSL vs. EPU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TMSL T. Rowe Price Small-Mid Cap ETF | 2.14% | 11.95% | 15.81% | 11.22% |
EPU iShares MSCI Peru ETF | 11.55% | 86.87% | 21.73% | 12.64% |
Returns By Period
In the year-to-date period, TMSL achieves a 2.14% return, which is significantly lower than EPU's 11.55% return.
TMSL
- 1D
- 4.09%
- 1M
- -6.41%
- YTD
- 2.14%
- 6M
- 4.84%
- 1Y
- 20.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EPU
- 1D
- 5.99%
- 1M
- -13.99%
- YTD
- 11.55%
- 6M
- 31.78%
- 1Y
- 88.14%
- 3Y*
- 44.09%
- 5Y*
- 23.44%
- 10Y*
- 15.59%
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TMSL vs. EPU - Expense Ratio Comparison
TMSL has a 0.55% expense ratio, which is lower than EPU's 0.59% expense ratio.
Return for Risk
TMSL vs. EPU — Risk / Return Rank
TMSL
EPU
TMSL vs. EPU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Small-Mid Cap ETF (TMSL) 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.
| TMSL | EPU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.95 | 3.02 | -2.07 |
Sortino ratioReturn per unit of downside risk | 1.46 | 3.36 | -1.91 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.49 | -0.28 |
Calmar ratioReturn relative to maximum drawdown | 1.43 | 4.16 | -2.74 |
Martin ratioReturn relative to average drawdown | 5.92 | 17.19 | -11.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TMSL | EPU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 3.02 | -2.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.94 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.45 | +0.37 |
Correlation
The correlation between TMSL and EPU is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
TMSL vs. EPU - Dividend Comparison
TMSL's dividend yield for the trailing twelve months is around 0.55%, less than EPU's 1.46% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TMSL T. Rowe Price Small-Mid Cap ETF | 0.55% | 0.57% | 0.44% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EPU iShares MSCI Peru ETF | 1.46% | 1.63% | 5.78% | 4.17% | 5.56% | 3.13% | 1.91% | 2.67% | 1.53% | 3.30% | 0.85% | 1.90% |
Drawdowns
TMSL vs. EPU - Drawdown Comparison
The maximum TMSL drawdown since its inception was -24.39%, smaller than the maximum EPU drawdown of -60.62%. Use the drawdown chart below to compare losses from any high point for TMSL and EPU.
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Drawdown Indicators
| TMSL | EPU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.39% | -60.62% | +36.23% |
Max Drawdown (1Y)Largest decline over 1 year | -14.61% | -20.85% | +6.24% |
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 | -7.56% | -13.99% | +6.43% |
Average DrawdownAverage peak-to-trough decline | -4.09% | -18.90% | +14.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 5.05% | -1.52% |
Volatility
TMSL vs. EPU - Volatility Comparison
The current volatility for T. Rowe Price Small-Mid Cap ETF (TMSL) is 8.15%, while iShares MSCI Peru ETF (EPU) has a volatility of 14.15%. This indicates that TMSL experiences smaller price fluctuations and is considered to be less risky than EPU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TMSL | EPU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.15% | 14.15% | -6.00% |
Volatility (6M)Calculated over the trailing 6-month period | 13.33% | 24.04% | -10.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.16% | 29.31% | -7.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.37% | 25.08% | -6.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.37% | 23.63% | -5.26% |