4COP.DE vs. IS3N.DE
4COP.DE (Global X Copper Miners UCITS ETF USD Accumulating) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - 4COP.DE is a Copper fund tracking the Solactive Global Copper Miners v2 Index, while IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index (IMI). Both are passively managed. Over the past 3 years, 4COP.DE returned 24.85%/yr vs 17.61%/yr for IS3N.DE. A 0.62 correlation means they provide meaningful diversification when combined. 4COP.DE charges 0.55%/yr vs 0.18%/yr for IS3N.DE.
Performance
4COP.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 4COP.DE achieves a 3.65% return, which is significantly lower than IS3N.DE's 18.17% return.
4COP.DE
- 1D
- -3.07%
- 1M
- -14.14%
- 6M
- -7.51%
- YTD
- 3.65%
- 1Y
- 73.88%
- 3Y*
- 24.85%
- 5Y*
- —
- 10Y*
- —
IS3N.DE
- 1D
- -1.97%
- 1M
- -9.63%
- 6M
- 10.94%
- YTD
- 18.17%
- 1Y
- 31.10%
- 3Y*
- 17.61%
- 5Y*
- 7.21%
- 10Y*
- 8.50%
4COP.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
4COP.DE Global X Copper Miners UCITS ETF USD Accumulating | 3.65% | 73.65% | 9.36% | 4.93% | 6.75% | 1.24% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 18.17% | 17.14% | 13.88% | 7.20% | -13.85% | -2.23% |
Correlation
The correlation between 4COP.DE and IS3N.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2021 | 0.62 |
The correlation between 4COP.DE and IS3N.DE has been stable across timeframes, ranging from 0.61 to 0.62 - a consistent structural relationship.
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Return for Risk
4COP.DE vs. IS3N.DE — Risk / Return Rank
4COP.DE
IS3N.DE
4COP.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Copper Miners UCITS ETF USD Accumulating (4COP.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.
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.
| 4COP.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.29 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | 2.89 | -0.06 |
| Martin ratioReturn relative to average drawdown | 7.53 | 8.76 | -1.23 |
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Drawdowns
4COP.DE vs. IS3N.DE - Drawdown Comparison
The maximum 4COP.DE drawdown since its inception was -39.13%, which is greater than IS3N.DE's maximum drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for 4COP.DE and IS3N.DE.
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Drawdown Indicators
| 4COP.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.13% | -35.06% | -4.07% |
Max Drawdown (1Y)Largest decline over 1 year | -26.21% | -10.59% | -15.62% |
Max Drawdown (3Y)Largest decline over 3 years | -39.13% | -19.18% | -19.95% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.99% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.51% | — |
Current DrawdownCurrent decline from peak | -21.29% | -10.59% | -10.70% |
Average DrawdownAverage peak-to-trough decline | -14.67% | -9.23% | -5.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.85% | 3.50% | +6.35% |
Volatility
4COP.DE vs. IS3N.DE - Volatility Comparison
Global X Copper Miners UCITS ETF USD Accumulating (4COP.DE) has a higher volatility of 12.75% compared to iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) at 8.01%. This indicates that 4COP.DE's price experiences larger fluctuations and is considered to be riskier 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
| 4COP.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.75% | 8.01% | +4.74% |
Volatility (6M)Calculated over the trailing 6-month period | 35.70% | 17.36% | +18.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.04% | 19.68% | +22.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.60% | 16.72% | +16.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.60% | 18.19% | +15.41% |
4COP.DE vs. IS3N.DE - Expense Ratio Comparison
4COP.DE has a 0.55% expense ratio, which is higher than IS3N.DE's 0.18% expense ratio.
Dividends
4COP.DE vs. IS3N.DE - Dividend Comparison
Neither 4COP.DE nor IS3N.DE has paid dividends to shareholders.
Frequently Asked Questions
4COP.DE and IS3N.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3N.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3N.DE is cheaper with a 0.18% expense ratio, compared with 0.55% for 4COP.DE.
4COP.DE is categorized as Copper, while IS3N.DE is Emerging Markets Equities. 4COP.DE tracks Solactive Global Copper Miners v2 Index, while IS3N.DE tracks MSCI Emerging Markets Investable Market Index (IMI). They also come from different issuers: Global X and iShares. Their fees differ too: 0.55% for 4COP.DE and 0.18% for IS3N.DE.
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