UIVM vs. EPU

Last updated Jun 13, 2026

UIVM (VictoryShares International Value Momentum ETF) and EPU (iShares MSCI Peru ETF) are both exchange-traded funds - UIVM is a Momentum fund tracking the Nasdaq Victory International Value Momentum Index, while EPU is a Mid Cap Blend Equities fund tracking the MSCI All Peru Capped Index. Both are passively managed. Over the past 5 years, UIVM returned 11.89%/yr vs 28.15%/yr for EPU. A 0.61 correlation means they provide meaningful diversification when combined. UIVM charges 0.35%/yr vs 0.59%/yr for EPU.

Performance

UIVM vs. EPU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares International Value Momentum ETF (UIVM) and iShares MSCI Peru ETF (EPU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UIVM achieves a 15.12% return, which is significantly lower than EPU's 21.02% return.

UIVM

• 1D: 0.32%
• 1M: 0.05%
• YTD: 15.12%
• 6M: 17.12%
• 1Y: 33.17%
• 3Y*: 24.11%
• 5Y*: 11.89%
• 10Y*: —

EPU

• 1D: 2.12%
• 1M: 4.37%
• YTD: 21.02%
• 6M: 26.87%
• 1Y: 85.51%
• 3Y*: 46.38%
• 5Y*: 28.15%
• 10Y*: 15.16%

*Multi-year figures are annualized to reflect compound growth (CAGR)

UIVM vs. EPU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UIVM VictoryShares International Value Momentum ETF	15.12%	45.47%	5.23%	16.79%	-13.31%	11.85%	0.76%	15.29%	-17.41%	2.36%
EPU iShares MSCI Peru ETF	21.02%	86.87%	21.73%	25.34%	2.05%	-11.81%	-4.31%	7.30%	-12.17%	-0.64%

Correlation

The correlation between UIVM and EPU is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017	0.61

The correlation between UIVM and EPU has been stable across timeframes, ranging from 0.61 to 0.62 - a consistent structural relationship.

UIVM vs. EPU - Sectors Allocation Comparison

Sectors	UIVM	EPU
Financial Services	30.1%	28.8%
Industrials	21.8%	2.8%
Consumer Cyclical	8.2%	4.1%
Consumer Defensive	6.2%	3.0%
Healthcare	5.8%	1.2%
Basic Materials	5.6%	52.7%
Utilities	5.2%	2.8%
Real Estate	4.8%	3.2%
Technology	4.6%	-
Energy	4.6%	-
Communication Services	3.2%	1.6%

Return for Risk

UIVM vs. EPU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UIVM

UIVM Risk / Return Rank: 73
UIVM Sharpe Ratio Rank: 76
UIVM Sortino Ratio Rank: 76
UIVM Omega Ratio Rank: 77
UIVM Calmar Ratio Rank: 67
UIVM Martin Ratio Rank: 66

EPU

EPU Risk / Return Rank: 82
EPU Sharpe Ratio Rank: 91
EPU Sortino Ratio Rank: 81
EPU Omega Ratio Rank: 83
EPU Calmar Ratio Rank: 85
EPU Martin Ratio Rank: 72

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.

UIVM vs. EPU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares International Value Momentum ETF (UIVM) 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.

	UIVM	EPU	Difference
Sharpe ratio: Return per unit of total volatility	2.13	2.73	-0.60
Sortino ratio: Return per unit of downside risk	2.96	3.14	-0.19
Omega ratio: Gain probability vs. loss probability	1.39	1.43	-0.04
Calmar ratio: Return relative to maximum drawdown	2.95	4.07	-1.12
Martin ratio: Return relative to average drawdown	10.70	11.73	-1.03

UIVM vs. EPU - Sharpe Ratio Comparison

The current UIVM Sharpe Ratio is 2.13, which is comparable to the EPU Sharpe Ratio of 2.73. The chart below compares the historical Sharpe Ratios of UIVM and EPU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

UIVM vs. EPU - Drawdown Comparison

The maximum UIVM drawdown since its inception was -42.73%, smaller than the maximum EPU drawdown of -60.62%. Use the drawdown chart below to compare losses from any high point for UIVM and EPU.

Drawdown Indicators

	UIVM	EPU	Difference
Max Drawdown Largest peak-to-trough decline	-42.73%	-60.62%	+17.89%
Max Drawdown (1Y) Largest decline over 1 year	-11.02%	-20.85%	+9.83%
Max Drawdown (3Y) Largest decline over 3 years	-11.69%	-20.85%	+9.16%
Max Drawdown (5Y) Largest decline over 5 years	-28.27%	-35.59%	+7.32%
Max Drawdown (10Y) Largest decline over 10 years	—	-50.97%	—
Current Drawdown Current decline from peak	-0.74%	-6.69%	+5.95%
Average Drawdown Average peak-to-trough decline	-9.68%	-18.81%	+9.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	7.22%	-4.19%

Volatility

UIVM vs. EPU - Volatility Comparison

The current volatility for VictoryShares International Value Momentum ETF (UIVM) is 6.01%, while iShares MSCI Peru ETF (EPU) has a volatility of 13.52%. This indicates that UIVM 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.

Volatility by Period

	UIVM	EPU	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.01%	13.52%	-7.51%
Volatility (6M) Calculated over the trailing 6-month period	13.25%	26.94%	-13.69%
Volatility (1Y) Calculated over the trailing 1-year period	15.25%	31.04%	-15.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.57%	25.11%	-9.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.25%	23.64%	-6.39%

UIVM vs. EPU - Expense Ratio Comparison

UIVM has a 0.35% expense ratio, which is lower than EPU's 0.59% expense ratio.

Dividends

UIVM vs. EPU - Dividend Comparison

UIVM's dividend yield for the trailing twelve months is around 3.02%, more than EPU's 1.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPU iShares MSCI Peru ETF	1.35%	1.63%	5.78%	4.17%	5.56%	3.13%	1.91%	2.67%	1.53%	3.30%	0.85%	1.90%
UIVM VictoryShares International Value Momentum ETF	3.02%	3.70%	5.09%	4.35%	3.03%	3.48%	1.63%	3.49%	2.78%	0.15%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UIVM and EPU in my portfolio?

UIVM and EPU have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UIVM or EPU?

EPU has higher volatility (13.52%) compared to UIVM (6.01%). In terms of maximum drawdown, UIVM dropped -42.73% vs EPU's -60.62%.

Which ETF is better, UIVM or EPU?

On 5-year performance, EPU leads with 28.15% vs 11.89% for UIVM. On fees, UIVM is cheaper at 0.35% per year. On volatility, UIVM has been the lower-risk option at 6.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UIVM or EPU?

Over the 5-year period, EPU has performed better with a 28.15% return vs 11.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UIVM or EPU?

UIVM is cheaper with a 0.35% expense ratio, compared with 0.59% for EPU.

Which ETF pays a higher dividend yield, UIVM or EPU?

UIVM has the higher dividend yield at 3.02%, compared with 1.35% for EPU.

What is the main difference between UIVM and EPU?

UIVM is categorized as Momentum, while EPU is Mid Cap Blend Equities. UIVM tracks Nasdaq Victory International Value Momentum Index, while EPU tracks MSCI All Peru Capped Index. They also come from different issuers: Victory Capital and iShares. Their fees differ too: 0.35% for UIVM and 0.59% for EPU.

Which has better risk-adjusted returns?

EPU currently has the higher Sharpe Ratio (2.73 vs 2.13), 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.