ACUG.DE vs. IS3N.DE
ACUG.DE (Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR (D)) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both Emerging Markets Equities funds - ACUG.DE tracks the MSCI Emerging Markets SRI Filtered PAB while IS3N.DE tracks the MSCI Emerging Markets Investable Market (IMI). Both are passively managed. Over the past 3 years, ACUG.DE returned 12.58%/yr vs 19.99%/yr for IS3N.DE. Their correlation of 0.92 suggests significant overlap in exposure. ACUG.DE charges 0.25%/yr vs 0.18%/yr for IS3N.DE.
Performance
ACUG.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ACUG.DE achieves a 16.73% return, which is significantly lower than IS3N.DE's 25.82% return.
ACUG.DE
- 1D
- -1.21%
- 1M
- 2.49%
- YTD
- 16.73%
- 6M
- 17.14%
- 1Y
- 30.76%
- 3Y*
- 12.58%
- 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%
ACUG.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ACUG.DE Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR (D) | 16.73% | 13.06% | 11.24% | -2.80% | -11.79% | -4.08% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 25.82% | 17.14% | 13.87% | 7.20% | -14.09% | -0.82% |
Correlation
The correlation between ACUG.DE and IS3N.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2021 | 0.92 |
The correlation between ACUG.DE and IS3N.DE has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.
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Return for Risk
ACUG.DE vs. IS3N.DE — Risk / Return Rank
ACUG.DE
IS3N.DE
ACUG.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR (D) (ACUG.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.
| ACUG.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.49 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.21 | 4.42 | -1.21 |
| Martin ratioReturn relative to average drawdown | 10.41 | 16.00 | -5.60 |
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
| ACUG.DE | IS3N.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 2.69 | -0.84 |
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 | 0.25 | 0.44 | -0.19 |
Drawdowns
ACUG.DE vs. IS3N.DE - Drawdown Comparison
The maximum ACUG.DE drawdown since its inception was -26.17%, smaller than the maximum IS3N.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for ACUG.DE and IS3N.DE.
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Drawdown Indicators
| ACUG.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.17% | -35.06% | +8.89% |
Max Drawdown (1Y)Largest decline over 1 year | -9.53% | -10.52% | +0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -21.01% | -19.17% | -1.84% |
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 | -2.61% | -2.49% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -12.57% | -9.30% | -3.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 2.91% | +0.04% |
Volatility
ACUG.DE vs. IS3N.DE - Volatility Comparison
The current volatility for Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR (D) (ACUG.DE) is 6.12%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 7.16%. This indicates that ACUG.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
| ACUG.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.12% | 7.16% | -1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 13.44% | 14.69% | -1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.63% | 17.32% | -0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.86% | 16.19% | +0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.86% | 18.04% | -1.18% |
ACUG.DE vs. IS3N.DE - Expense Ratio Comparison
ACUG.DE has a 0.25% expense ratio, which is higher than IS3N.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
ACUG.DE vs. IS3N.DE - Dividend Comparison
ACUG.DE's dividend yield for the trailing twelve months is around 1.66%, while IS3N.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ACUG.DE Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR (D) | 1.66% | 1.93% | 2.11% | 2.26% | 2.28% | 1.69% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, ACUG.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.
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 0.25% for ACUG.DE.
ACUG.DE tracks MSCI Emerging Markets SRI Filtered PAB, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). They also come from different issuers: Amundi and iShares. Their fees differ too: 0.25% for ACUG.DE and 0.18% for IS3N.DE.
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