36BD.DE vs. IS3N.DE
36BD.DE (iShares USD Development Bank Bonds UCITS ETF USD Acc) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - 36BD.DE is a Government Bonds fund tracking the FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped, while IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market (IMI). Both are passively managed. Over the past 5 years, 36BD.DE returned 1.94%/yr vs 8.61%/yr for IS3N.DE. At a correlation of -0.08, they often move in opposite directions. 36BD.DE charges 0.15%/yr vs 0.18%/yr for IS3N.DE.
Performance
36BD.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 36BD.DE achieves a 1.33% return, which is significantly lower than IS3N.DE's 25.82% return.
36BD.DE
- 1D
- 0.05%
- 1M
- 0.81%
- YTD
- 1.33%
- 6M
- 0.62%
- 1Y
- 2.03%
- 3Y*
- 1.18%
- 5Y*
- 1.94%
- 10Y*
- —
IS3N.DE
- 1D
- -1.45%
- 1M
- 3.11%
- YTD
- 25.82%
- 6M
- 26.34%
- 1Y
- 45.77%
- 3Y*
- 19.99%
- 5Y*
- 8.61%
- 10Y*
- 10.00%
36BD.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
36BD.DE iShares USD Development Bank Bonds UCITS ETF USD Acc | 1.33% | -5.15% | 8.61% | 0.84% | -1.81% | 3.54% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 25.82% | 17.14% | 13.87% | 7.20% | -14.09% | -1.71% |
Correlation
The correlation between 36BD.DE and IS3N.DE is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2021 | -0.08 |
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Return for Risk
36BD.DE vs. IS3N.DE — Risk / Return Rank
36BD.DE
IS3N.DE
36BD.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Development Bank Bonds UCITS ETF USD Acc (36BD.DE) and iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.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.
| 36BD.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.37 | ||
| Sortino ratioReturn per unit of downside risk | -3.09 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.49 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | 4.42 | -3.96 |
| Martin ratioReturn relative to average drawdown | 1.13 | 16.00 | -14.88 |
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
| 36BD.DE | IS3N.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 2.69 | -2.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.53 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.44 | -0.25 |
Drawdowns
36BD.DE vs. IS3N.DE - Drawdown Comparison
The maximum 36BD.DE drawdown since its inception was -11.97%, smaller than the maximum IS3N.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for 36BD.DE and IS3N.DE.
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Drawdown Indicators
| 36BD.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.97% | -35.06% | +23.09% |
Max Drawdown (1Y)Largest decline over 1 year | -3.71% | -10.52% | +6.81% |
Max Drawdown (3Y)Largest decline over 3 years | -10.13% | -19.17% | +9.04% |
Max Drawdown (5Y)Largest decline over 5 years | -11.97% | -22.01% | +10.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.51% | — |
Current DrawdownCurrent decline from peak | -6.13% | -2.49% | -3.64% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -9.30% | +4.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 2.91% | -1.36% |
Volatility
36BD.DE vs. IS3N.DE - Volatility Comparison
The current volatility for iShares USD Development Bank Bonds UCITS ETF USD Acc (36BD.DE) is 0.74%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 7.16%. This indicates that 36BD.DE experiences smaller price fluctuations and is considered to be less risky than IS3N.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 36BD.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 7.16% | -6.42% |
Volatility (6M)Calculated over the trailing 6-month period | 3.65% | 14.69% | -11.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.39% | 17.32% | -11.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.21% | 16.19% | -8.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.16% | 18.04% | -10.88% |
36BD.DE vs. IS3N.DE - Expense Ratio Comparison
36BD.DE has a 0.15% expense ratio, which is lower than IS3N.DE's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
36BD.DE vs. IS3N.DE - Dividend Comparison
Neither 36BD.DE nor IS3N.DE has paid dividends to shareholders.
Frequently Asked Questions
36BD.DE and IS3N.DE have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 36BD.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
36BD.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for IS3N.DE.
36BD.DE is categorized as Government Bonds, while IS3N.DE is Emerging Markets Equities. 36BD.DE tracks FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). Their fees differ too: 0.15% for 36BD.DE and 0.18% for IS3N.DE.
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