iShares MSCI Philippines ETF (EPHE) Performance
EPHE total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −7.7% since Dec 31, 2025
- 1 year
- −7.2% total return
- 5 years
- −5.1% a year
- 10 years
- −3.5% a year
- Since first price
- +0.6% a year since 2010
EPHE trailing returns vs SPY, QQQ, AGG
| Period | EPHE total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −2.2% | −2.2% | −1.0% | −5.0% | +0.9% |
| 3 months | −10.1% | −10.1% | +3.2% | +1.9% | −0.4% |
| 6 months | −7.2% | −9.0% | +7.8% | +8.4% | −1.5% |
| YTD | −7.7% | −9.4% | +12.3% | +15.1% | −1.0% |
| 1 year | −7.2% | −9.7% | +14.4% | +15.9% | −1.1% |
| 3 years | +1.5%+0.5%/yr | −5.4% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −23.1%−5.1%/yr | −30.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | −30.0%−3.5%/yr | −39.0% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +15.2%+0.9%/yr | −4.0% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionSep 29, 2010 | +9.4%+0.6%/yr | −9.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: EPHE vs SPY
From Sep 29, 2010: EPHE grew to $10,939, SPY to $87,923.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
EPHE returns by calendar year
6 of 15 full years positive. Best 2012 (+47.9%), worst 2018 (−17.5%). 2026 is year to date.
EPHE annual returns table
| Year | EPHE | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −7.7% | −20.0% | +12.3% | +15.1% | −1.0% |
| 2025 | +1.6% | −16.2% | +17.7% | +20.8% | +7.2% |
| 2024 | −1.4% | −17.8% | +24.9% | +25.6% | +1.3% |
| 2023 | +1.3% | −19.6% | +26.2% | +54.9% | +5.7% |
| 2022 | −15.9% | −32.4% | −18.2% | −32.6% | −13.0% |
| 2021 | −2.2% | −15.8% | +28.7% | +27.4% | −1.8% |
| 2020 | −3.9% | −44.3% | +18.3% | +48.6% | +7.5% |
| 2019 | +8.5% | −12.1% | +31.2% | +39.0% | +8.5% |
| 2018 | −17.5% | −29.5% | −4.6% | −0.1% | +0.1% |
| 2017 | +20.2% | −6.5% | +21.7% | +32.7% | +3.6% |
| 2016 | −3.3% | −24.2% | +12.0% | +7.1% | +2.4% |
| 2015 | −10.8% | −24.2% | +1.2% | +9.4% | +0.5% |
| 2014 | +22.1% | −8.5% | +13.5% | +19.2% | +6.0% |
| 2013 | −7.6% | −31.8% | +32.3% | +36.6% | −2.0% |
| 2012 | +47.9% | −10.9% | +16.0% | +18.1% | +3.8% |
| 2011 | −4.5% | −20.1% | +1.9% | +3.4% | +7.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
EPHE largest drawdowns
Now 38.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Apr 10, 2015 | −53.8% | Mar 18, 2020 | not yet | 4.9 years | 11.5 years so far |
| May 15, 2013 | −31.8% | Aug 28, 2013 | Apr 2, 2015 | 3 months | 1.9 years |
| Nov 4, 2010 | −23.0% | Oct 3, 2011 | Feb 3, 2012 | 11 months | 1.2 years |
| May 3, 2012 | −10.9% | May 16, 2012 | Jul 2, 2012 | 13 days | 2 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
EPHE risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2010 |
|---|---|---|---|---|
| Annualized return | −0.7% | −3.3% | −3.5% | +0.6% |
| Volatility (annualized) | 17.9% | 20.0% | 19.6% | 19.8% |
| Sharpe ratio | -0.19 | -0.25 | -0.20 | 0.06 |
| Sortino ratio | -0.26 | -0.31 | -0.25 | 0.08 |
| Best month | +9.2% | +11.8% | +11.8% | +12.5% |
| Worst month | −11.0% | −15.7% | −21.2% | −21.2% |
| Best 12 months | +19.9% | +19.9% | +27.9% | +48.9% |
| Worst 12 months | −13.0% | −24.6% | −32.3% | −32.3% |
| Positive months | 56% | 58% | 55% | 56% |
| Beta vs S&P 500 | 0.13 | 0.54 | 0.56 | — |
| Correlation with S&P 500 | 0.09 | 0.43 | 0.44 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
EPHE rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 182 | −32.3% | +0.9% | +48.9% | 52% |
| 3-year (a year) | 158 | −12.0% | −0.5% | +22.7% | 44% |
| 5-year (a year) | 134 | −10.6% | −1.5% | +12.9% | 37% |
| 10-year (a year) | 74 | −4.4% | −1.9% | +4.2% | 28% |
Every holding period starting at a month-end since 2010. Returns for 3 years and longer are annualized.
EPHE performance overview
iShares MSCI Philippines ETF (EPHE) returned −7.2% over the past year and −3.5% a year over ten years, with distributions reinvested. Since its first recorded price in 2010 it has returned +0.6% a year, turning $10,000 into about $10,939. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −53.8%, from Apr 10, 2015 to Mar 18, 2020; the fund has not yet regained that high. EPHE finished 6 of its 15 full calendar years with a gain; the best year was 2012 (+47.9%) and the worst 2018 (−17.5%). Volatility has been 19.8% a year.
Related: EPHE chart, EPHE holdings, EPHE dividends. See the EPHE overview for the latest quote and fund facts.
EPHE performance FAQ
What is the EPHE return over the past year?
EPHE returned −7.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 9.7%.
What is the average annual return of EPHE?
EPHE has returned −5.1% a year over 5 years, −3.5% a year over 10 years, +0.6% a year since September 29, 2010 (total return, distributions reinvested).
How much would $10,000 invested in EPHE be worth?
$10,000 invested in EPHE at its first recorded close on September 29, 2010 would be worth about $10,939 on October 23, 2026 with distributions reinvested.
What was the worst year for EPHE?
The worst calendar year was 2018, with a total return of −17.5%. The best was 2012 at +47.9%.
What is the biggest drawdown of EPHE?
The largest peak-to-trough decline was −53.8% between April 10, 2015 and March 18, 2020. It has not yet recovered to that high; it is 38.9% below its peak.
How volatile is EPHE?
Over the past 3 years EPHE had an annualized volatility of 17.9% and a Sharpe ratio of -0.19 (excess return over 1–3 month T-bills per unit of risk).