36B5.DE vs. IBC3.DE
36B5.DE (iShares MSCI EM SRI UCITS ETF USD Dist) and IBC3.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF) are both Emerging Markets Equities funds from iShares - 36B5.DE tracks the MSCI Emerging Markets SRI Select Reduced Fossil Fuels while IBC3.DE tracks the MSCI Emerging Markets Investable Market (IMI). Both are passively managed. Over the past 5 years, 36B5.DE returned 5.01%/yr vs 8.85%/yr for IBC3.DE. Their correlation of 0.94 suggests significant overlap in exposure. 36B5.DE charges 0.25%/yr vs 0.18%/yr for IBC3.DE.
Performance
36B5.DE vs. IBC3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 36B5.DE achieves a 17.40% return, which is significantly lower than IBC3.DE's 25.91% return.
36B5.DE
- 1D
- -1.48%
- 1M
- 0.60%
- YTD
- 17.40%
- 6M
- 18.30%
- 1Y
- 35.45%
- 3Y*
- 14.26%
- 5Y*
- 5.01%
- 10Y*
- —
IBC3.DE
- 1D
- -1.44%
- 1M
- 3.09%
- YTD
- 25.91%
- 6M
- 26.49%
- 1Y
- 46.24%
- 3Y*
- 20.30%
- 5Y*
- 8.85%
- 10Y*
- —
36B5.DE vs. IBC3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
36B5.DE iShares MSCI EM SRI UCITS ETF USD Dist | 17.40% | 16.82% | 11.30% | -2.19% | -12.46% | 7.05% | 6.70% | 11.16% |
IBC3.DE iShares Core MSCI Emerging Markets IMI UCITS ETF | 25.91% | 17.59% | 14.06% | 7.48% | -13.80% | 7.38% | 7.44% | 9.86% |
Correlation
The correlation between 36B5.DE and IBC3.DE is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2019 | 0.94 |
The correlation between 36B5.DE and IBC3.DE has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
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Return for Risk
36B5.DE vs. IBC3.DE — Risk / Return Rank
36B5.DE
IBC3.DE
36B5.DE vs. IBC3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM SRI UCITS ETF USD Dist (36B5.DE) and iShares Core MSCI Emerging Markets IMI UCITS ETF (IBC3.DE). 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.
| 36B5.DE | IBC3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.49 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 4.51 | -0.95 |
| Martin ratioReturn relative to average drawdown | 12.71 | 16.28 | -3.57 |
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
| 36B5.DE | IBC3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 2.71 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.54 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.47 | -0.11 |
Drawdowns
36B5.DE vs. IBC3.DE - Drawdown Comparison
The maximum 36B5.DE drawdown since its inception was -36.40%, which is greater than IBC3.DE's maximum drawdown of -31.89%. Use the drawdown chart below to compare losses from any high point for 36B5.DE and IBC3.DE.
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Drawdown Indicators
| 36B5.DE | IBC3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.40% | -31.89% | -4.51% |
Max Drawdown (1Y)Largest decline over 1 year | -10.04% | -10.42% | +0.38% |
Max Drawdown (3Y)Largest decline over 3 years | -20.62% | -19.08% | -1.54% |
Max Drawdown (5Y)Largest decline over 5 years | -25.22% | -21.95% | -3.27% |
Current DrawdownCurrent decline from peak | -2.94% | -2.52% | -0.42% |
Average DrawdownAverage peak-to-trough decline | -10.18% | -7.84% | -2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 2.89% | -0.07% |
Volatility
36B5.DE vs. IBC3.DE - Volatility Comparison
The current volatility for iShares MSCI EM SRI UCITS ETF USD Dist (36B5.DE) is 5.97%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (IBC3.DE) has a volatility of 7.06%. This indicates that 36B5.DE experiences smaller price fluctuations and is considered to be less risky than IBC3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 36B5.DE | IBC3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.97% | 7.06% | -1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 13.73% | 14.60% | -0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.85% | 17.37% | -0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.85% | 16.23% | +0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.65% | 18.42% | +1.23% |
36B5.DE vs. IBC3.DE - Expense Ratio Comparison
36B5.DE has a 0.25% expense ratio, which is higher than IBC3.DE's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
36B5.DE vs. IBC3.DE - Dividend Comparison
36B5.DE's dividend yield for the trailing twelve months is around 1.78%, less than IBC3.DE's 1.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
36B5.DE iShares MSCI EM SRI UCITS ETF USD Dist | 1.78% | 2.09% | 2.34% | 2.32% | 2.31% | 1.84% | 1.57% | 2.31% | 0.00% |
IBC3.DE iShares Core MSCI Emerging Markets IMI UCITS ETF | 1.88% | 2.26% | 2.44% | 2.69% | 3.36% | 2.18% | 2.09% | 2.56% | 2.08% |
Frequently Asked Questions
With a correlation of 0.94, 36B5.DE and IBC3.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, IBC3.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBC3.DE is cheaper with a 0.18% expense ratio, compared with 0.25% for 36B5.DE.
36B5.DE tracks MSCI Emerging Markets SRI Select Reduced Fossil Fuels, while IBC3.DE tracks MSCI Emerging Markets Investable Market (IMI). Their fees differ too: 0.25% for 36B5.DE and 0.18% for IBC3.DE.
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