ACWV vs. IS3N.DE
ACWV (iShares MSCI Global Min Vol Factor ETF) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - ACWV is a Large Cap Blend Equities fund tracking the MSCI ACWI Minimum Volatility Index, while IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market (IMI). Both are passively managed. Over the past 10 years, ACWV returned 7.48%/yr vs 10.58%/yr for IS3N.DE. A 0.50 correlation means they provide meaningful diversification when combined. ACWV charges 0.20%/yr vs 0.18%/yr for IS3N.DE.
Performance
ACWV vs. IS3N.DE - Performance Comparison
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Different Trading Currencies
ACWV is traded in USD, while IS3N.DE is traded in EUR. To make them comparable, the IS3N.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ACWV achieves a 2.88% return, which is significantly lower than IS3N.DE's 22.95% return. Over the past 10 years, ACWV has underperformed IS3N.DE with an annualized return of 7.48%, while IS3N.DE has yielded a comparatively higher 10.58% annualized return.
ACWV
- 1D
- 0.34%
- 1M
- 0.59%
- YTD
- 2.88%
- 6M
- 2.95%
- 1Y
- 5.56%
- 3Y*
- 9.98%
- 5Y*
- 5.46%
- 10Y*
- 7.48%
IS3N.DE
- 1D
- 3.01%
- 1M
- 0.59%
- YTD
- 22.95%
- 6M
- 25.85%
- 1Y
- 45.23%
- 3Y*
- 21.58%
- 5Y*
- 7.47%
- 10Y*
- 10.58%
ACWV vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ACWV iShares MSCI Global Min Vol Factor ETF | 2.88% | 11.04% | 11.38% | 8.23% | -10.36% | 13.97% | 3.04% | 21.04% | -1.42% | 18.57% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 22.95% | 32.24% | 7.37% | 10.58% | -18.59% | -1.36% | 17.53% | 18.43% | -15.24% | 37.46% |
Correlation
The correlation between ACWV and IS3N.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2014 | 0.50 |
The correlation between ACWV and IS3N.DE shifts across timeframes, from 0.35 (1 year) to 0.50 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ACWV vs. IS3N.DE — Risk / Return Rank
ACWV
IS3N.DE
ACWV vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Min Vol Factor ETF (ACWV) 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.
| ACWV | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.40 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 3.38 | -2.62 |
| Martin ratioReturn relative to average drawdown | 2.31 | 11.93 | -9.62 |
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Drawdowns
ACWV vs. IS3N.DE - Drawdown Comparison
The maximum ACWV drawdown since its inception was -28.82%, smaller than the maximum IS3N.DE drawdown of -39.05%. Use the drawdown chart below to compare losses from any high point for ACWV and IS3N.DE.
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Drawdown Indicators
| ACWV | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.82% | -39.05% | +10.23% |
Max Drawdown (1Y)Largest decline over 1 year | -6.37% | -12.72% | +6.35% |
Max Drawdown (3Y)Largest decline over 3 years | -7.56% | -18.38% | +10.82% |
Max Drawdown (5Y)Largest decline over 5 years | -18.14% | -35.31% | +17.17% |
Max Drawdown (10Y)Largest decline over 10 years | -28.82% | -39.05% | +10.23% |
Current DrawdownCurrent decline from peak | -2.42% | -3.75% | +1.33% |
Average DrawdownAverage peak-to-trough decline | -3.11% | -14.03% | +10.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 3.61% | -1.51% |
Volatility
ACWV vs. IS3N.DE - Volatility Comparison
The current volatility for iShares MSCI Global Min Vol Factor ETF (ACWV) is 2.18%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 8.04%. This indicates that ACWV 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
| ACWV | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.18% | 8.04% | -5.86% |
Volatility (6M)Calculated over the trailing 6-month period | 5.63% | 17.00% | -11.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.80% | 19.32% | -11.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.23% | 18.33% | -8.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.30% | 19.28% | -6.98% |
ACWV vs. IS3N.DE - Expense Ratio Comparison
ACWV has a 0.20% 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
ACWV vs. IS3N.DE - Dividend Comparison
ACWV's dividend yield for the trailing twelve months is around 2.03%, while IS3N.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACWV iShares MSCI Global Min Vol Factor ETF | 2.03% | 2.09% | 2.33% | 2.41% | 2.18% | 1.92% | 1.77% | 2.54% | 2.32% | 2.04% | 2.56% | 2.28% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ACWV and IS3N.DE have a correlation of 0.35, 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 0.20% for ACWV.
ACWV is categorized as Large Cap Blend Equities, while IS3N.DE is Emerging Markets Equities. ACWV tracks MSCI ACWI Minimum Volatility Index, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). Their fees differ too: 0.20% for ACWV and 0.18% for IS3N.DE.
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