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UAE vs. EIDO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UAE vs. EIDO

Last updated Jun 5, 2026

UAE (iShares MSCI UAE ETF) and EIDO (iShares MSCI Indonesia ETF) are both exchange-traded funds - UAE is a Emerging Markets Equities fund tracking the MSCI All UAE Capped Index, while EIDO is a Asia Pacific Equities fund tracking the MSCI Indonesia Investable Market Index. Both are passively managed. Over the past 10 years, UAE returned 5.49%/yr vs -4.37%/yr for EIDO. At a 0.31 correlation, their price movements are largely independent. Both charge a 0.59% expense ratio.

Performance

UAE vs. EIDO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI UAE ETF (UAE) and iShares MSCI Indonesia ETF (EIDO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, UAE achieves a -1.41% return, which is significantly higher than EIDO's -35.88% return. Over the past 10 years, UAE has outperformed EIDO with an annualized return of 5.49%, while EIDO has yielded a comparatively lower -4.37% annualized return.

UAE

1D
1.45%
1M
-1.62%
YTD
-1.41%
6M
-0.08%
1Y
5.92%
3Y*
12.95%
5Y*
9.14%
10Y*
5.49%

EIDO

1D
-1.56%
1M
-19.80%
YTD
-35.88%
6M
-35.57%
1Y
-32.63%
3Y*
-17.30%
5Y*
-9.13%
10Y*
-4.37%
*Multi-year figures are annualized to reflect compound growth (CAGR)

UAE vs. EIDO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
UAE
iShares MSCI UAE ETF		-1.41%21.35%15.25%2.91%-5.36%44.16%-7.23%1.59%-14.42%4.99%
EIDO
iShares MSCI Indonesia ETF		-35.88%4.90%-13.02%2.56%-0.16%-0.60%-7.13%5.30%-10.88%19.40%

Correlation

The correlation between UAE and EIDO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.25

Correlation (3Y)
Calculated over the trailing 3-year period

0.23

Correlation (5Y)
Calculated over the trailing 5-year period

0.25

Correlation (10Y)
Calculated over the trailing 10-year period

0.30

Correlation (All Time)
Calculated using the full available price history since May 2, 2014

0.31

UAE vs. EIDO - Sectors Allocation Comparison

Sectors
UAE
EIDO

Financial Services

38.0%
37.8%

Real Estate

20.5%
1.8%

Industrials

11.4%
6.1%

Communication Services

9.6%
8.7%

Energy

8.3%
10.6%

Consumer Cyclical

5.2%
1.6%

Utilities

4.3%
2.4%

Consumer Defensive

1.7%
7.5%

Technology

1.0%
2.7%

Basic Materials

0.1%
18.5%

Healthcare

-

2.4%

Financial Services

UAE
38.0%
EIDO
37.8%

Real Estate

UAE
20.5%
EIDO
1.8%

Industrials

UAE
11.4%
EIDO
6.1%

Communication Services

UAE
9.6%
EIDO
8.7%

Energy

UAE
8.3%
EIDO
10.6%

Consumer Cyclical

UAE
5.2%
EIDO
1.6%

Utilities

UAE
4.3%
EIDO
2.4%

Consumer Defensive

UAE
1.7%
EIDO
7.5%

Technology

UAE
1.0%
EIDO
2.7%

Basic Materials

UAE
0.1%
EIDO
18.5%

Healthcare

UAE

-

EIDO
2.4%

Compare stocks, funds, or ETFs

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iShares MSCI UAE ETF

iShares MSCI Indonesia ETF

Often compared with UAE:
UAE vs. KSAUAE vs. QATUAE vs. SPYUAE vs. VOOUAE vs. STLAUAE vs. EWZUAE vs. XLP
Often compared with EIDO:
EIDO vs. IDXEIDO vs. EWYEIDO vs. INDAEIDO vs. ASEAEIDO vs. EWMEIDO vs. EWWEIDO vs. EWS

Return for Risk

UAE vs. EIDO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UAE
UAE Risk / Return Rank: 1313
Overall Rank
UAE Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
UAE Sortino Ratio Rank: 1313
Sortino Ratio Rank
UAE Omega Ratio Rank: 1414
Omega Ratio Rank
UAE Calmar Ratio Rank: 1313
Calmar Ratio Rank
UAE Martin Ratio Rank: 1313
Martin Ratio Rank
EIDO
EIDO Risk / Return Rank: 11
Overall Rank
EIDO Sharpe Ratio Rank: 00
Sharpe Ratio Rank
EIDO Sortino Ratio Rank: 11
Sortino Ratio Rank
EIDO Omega Ratio Rank: 00
Omega Ratio Rank
EIDO Calmar Ratio Rank: 11
Calmar Ratio Rank
EIDO Martin Ratio Rank: 00
Martin Ratio Rank
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.

UAE vs. EIDO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI UAE ETF (UAE) and iShares MSCI Indonesia ETF (EIDO). 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.

UAEEIDODifference
Sharpe ratioReturn per unit of total volatility
0.27
-1.46

+1.73

Sortino ratioReturn per unit of downside risk
0.54
-2.05

+2.59

Omega ratioGain probability vs. loss probability

1.07

0.74

+0.33

Calmar ratioReturn relative to maximum drawdown

0.28

-0.87

+1.15

Martin ratioReturn relative to average drawdown

0.70

-2.67

+3.38

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UAE vs. EIDO - Sharpe Ratio Comparison

The current UAE Sharpe Ratio is 0.27, which is higher than the EIDO Sharpe Ratio of -1.46. The chart below compares the historical Sharpe Ratios of UAE and EIDO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

UAEEIDODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.27

-1.46

+1.73

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.49

-0.46

+0.95

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.28

-0.18

+0.46

Sharpe Ratio (All Time)

Calculated using the full available price history

0.07

-0.07

+0.13

Drawdowns

UAE vs. EIDO - Drawdown Comparison

The maximum UAE drawdown since its inception was -60.49%, roughly equal to the maximum EIDO drawdown of -63.21%. Use the drawdown chart below to compare losses from any high point for UAE and EIDO.

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Drawdown Indicators

UAEEIDODifference

Max Drawdown

Largest peak-to-trough decline

-60.49%

-63.21%

+2.72%

Max Drawdown (1Y)

Largest decline over 1 year

-21.50%

-37.62%

+16.12%

Max Drawdown (3Y)

Largest decline over 3 years

-21.50%

-46.45%

+24.95%

Max Drawdown (5Y)

Largest decline over 5 years

-27.47%

-46.45%

+18.98%

Max Drawdown (10Y)

Largest decline over 10 years

-49.71%

-59.41%

+9.70%

Current Drawdown

Current decline from peak

-15.20%

-56.24%

+41.04%

Average Drawdown

Average peak-to-trough decline

-23.91%

-24.63%

+0.72%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.42%

12.21%

-3.79%

Volatility

UAE vs. EIDO - Volatility Comparison

The current volatility for iShares MSCI UAE ETF (UAE) is 6.59%, while iShares MSCI Indonesia ETF (EIDO) has a volatility of 7.03%. This indicates that UAE experiences smaller price fluctuations and is considered to be less risky than EIDO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

UAEEIDODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.59%

7.03%

-0.44%

Volatility (6M)

Calculated over the trailing 6-month period

19.10%

18.23%

+0.87%

Volatility (1Y)

Calculated over the trailing 1-year period

22.03%

22.38%

-0.35%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.78%

19.78%

-1.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.54%

24.77%

-5.23%

UAE vs. EIDO - Expense Ratio Comparison

Both UAE and EIDO have an expense ratio of 0.59%.

Dividends

UAE vs. EIDO - Dividend Comparison

UAE's dividend yield for the trailing twelve months is around 4.16%, less than EIDO's 5.55% yield.

PositionTTM20252024202320222021202020192018201720162015
EIDO
iShares MSCI Indonesia ETF		5.55%3.56%5.20%2.94%2.53%1.33%1.51%1.78%1.99%1.26%1.16%1.67%
UAE
iShares MSCI UAE ETF		4.16%4.10%3.32%3.25%2.67%4.88%4.75%3.54%5.56%3.38%4.74%3.77%

Frequently Asked Questions

UAE and EIDO have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EIDO has higher volatility (7.03%) compared to UAE (6.59%). In terms of maximum drawdown, UAE dropped -60.49% vs EIDO's -63.21%.

On 10-year performance, UAE leads with 5.49% vs -4.37% for EIDO. Both ETFs have the same 0.59% expense ratio. On volatility, UAE has been the lower-risk option at 6.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, UAE has performed better with a 5.49% return vs -4.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

UAE and EIDO have the same expense ratio: 0.59% per year.

EIDO has the higher dividend yield at 5.55%, compared with 4.16% for UAE.

UAE is categorized as Emerging Markets Equities, while EIDO is Asia Pacific Equities. UAE tracks MSCI All UAE Capped Index, while EIDO tracks MSCI Indonesia Investable Market Index.

UAE currently has the higher Sharpe Ratio (0.27 vs -1.46), 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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