84X0.DE vs. IS3N.DE
84X0.DE (iShares MSCI EM ex-China UCITS ETF USD Acc) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both Emerging Markets Equities funds from iShares - 84X0.DE tracks the MSCI Emerging Markets ex China Index (Net) while IS3N.DE tracks the MSCI Emerging Markets Investable Market (IMI). Both are passively managed. Over the past year, 84X0.DE returned 68.88% vs 46.76% for IS3N.DE. Their correlation of 0.90 suggests significant overlap in exposure. Both charge a 0.18% expense ratio.
Performance
84X0.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 84X0.DE achieves a 40.37% return, which is significantly higher than IS3N.DE's 25.82% return.
84X0.DE
- 1D
- -1.73%
- 1M
- 8.33%
- YTD
- 40.37%
- 6M
- 44.02%
- 1Y
- 68.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IS3N.DE
- 1D
- -1.45%
- 1M
- 5.25%
- YTD
- 25.82%
- 6M
- 27.45%
- 1Y
- 46.76%
- 3Y*
- 19.99%
- 5Y*
- 8.61%
- 10Y*
- 10.00%
84X0.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
84X0.DE iShares MSCI EM ex-China UCITS ETF USD Acc | 40.37% | 19.85% | 9.62% | 7.38% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 25.82% | 17.14% | 13.87% | 3.90% |
Correlation
The correlation between 84X0.DE and IS3N.DE is 0.95, 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 | 0.95 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2023 | 0.90 |
The correlation between 84X0.DE and IS3N.DE has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.
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Return for Risk
84X0.DE vs. IS3N.DE — Risk / Return Rank
84X0.DE
IS3N.DE
84X0.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM ex-China UCITS ETF USD Acc (84X0.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.
| 84X0.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.49 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 5.88 | 4.42 | +1.45 |
| Martin ratioReturn relative to average drawdown | 21.92 | 16.00 | +5.92 |
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
| 84X0.DE | IS3N.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.52 | 2.69 | +0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.53 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.77 | 0.44 | +1.33 |
Drawdowns
84X0.DE vs. IS3N.DE - Drawdown Comparison
The maximum 84X0.DE drawdown since its inception was -19.72%, smaller than the maximum IS3N.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for 84X0.DE and IS3N.DE.
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Drawdown Indicators
| 84X0.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.72% | -35.06% | +15.34% |
Max Drawdown (1Y)Largest decline over 1 year | -11.66% | -10.52% | -1.14% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.17% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.01% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.51% | — |
Current DrawdownCurrent decline from peak | -2.49% | -2.49% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.70% | -9.30% | +6.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 2.91% | +0.22% |
Volatility
84X0.DE vs. IS3N.DE - Volatility Comparison
iShares MSCI EM ex-China UCITS ETF USD Acc (84X0.DE) has a higher volatility of 8.41% compared to iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) at 7.16%. This indicates that 84X0.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
| 84X0.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.41% | 7.16% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 16.93% | 14.69% | +2.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.46% | 17.32% | +2.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.11% | 16.19% | +0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.11% | 18.04% | -0.93% |
84X0.DE vs. IS3N.DE - Expense Ratio Comparison
Both 84X0.DE and IS3N.DE have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
84X0.DE vs. IS3N.DE - Dividend Comparison
Neither 84X0.DE nor IS3N.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, 84X0.DE and IS3N.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.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
84X0.DE and IS3N.DE have the same expense ratio: 0.18% per year.
84X0.DE tracks MSCI Emerging Markets ex China Index (Net), while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI).
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