ASWC.DE vs. IS3N.DE
ASWC.DE (HANetf Future of Defence UCITS ETF Acc EUR) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - ASWC.DE is a Aerospace & Defense fund tracking the EQM Future of Defence 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 year, ASWC.DE returned 16.90% vs 45.03% for IS3N.DE. At a 0.39 correlation, their price movements are largely independent. ASWC.DE charges 0.49%/yr vs 0.18%/yr for IS3N.DE.
Performance
ASWC.DE vs. IS3N.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ASWC.DE achieves a 13.04% return, which is significantly lower than IS3N.DE's 24.88% return.
ASWC.DE
- 1D
- -0.80%
- 1M
- 4.69%
- YTD
- 13.04%
- 6M
- 13.89%
- 1Y
- 16.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IS3N.DE
- 1D
- 3.12%
- 1M
- 4.34%
- YTD
- 24.88%
- 6M
- 27.74%
- 1Y
- 45.03%
- 3Y*
- 18.80%
- 5Y*
- 8.46%
- 10Y*
- 10.23%
ASWC.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ASWC.DE HANetf Future of Defence UCITS ETF Acc EUR | 13.04% | 38.30% | 39.36% | 14.37% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 24.88% | 17.14% | 13.88% | 2.31% |
Correlation
The correlation between ASWC.DE 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 (All Time) Calculated using the full available price history since Jul 4, 2023 | 0.39 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ASWC.DE vs. IS3N.DE — Risk / Return Rank
ASWC.DE
IS3N.DE
ASWC.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HANetf Future of Defence UCITS ETF Acc EUR (ASWC.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.
| ASWC.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.56 | ||
| Sortino ratioReturn per unit of downside risk | -1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.44 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 4.10 | -2.74 |
| Martin ratioReturn relative to average drawdown | 3.10 | 14.25 | -11.15 |
Loading charts...
Drawdowns
ASWC.DE vs. IS3N.DE - Drawdown Comparison
The maximum ASWC.DE drawdown since its inception was -12.58%, smaller than the maximum IS3N.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for ASWC.DE and IS3N.DE.
Loading charts...
Drawdown Indicators
| ASWC.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.58% | -35.06% | +22.48% |
Max Drawdown (1Y)Largest decline over 1 year | -12.58% | -10.52% | -2.06% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.18% | — |
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 | -2.83% | -3.21% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -9.27% | +6.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.51% | 3.03% | +2.48% |
Volatility
ASWC.DE vs. IS3N.DE - Volatility Comparison
The current volatility for HANetf Future of Defence UCITS ETF Acc EUR (ASWC.DE) is 5.89%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 7.31%. This indicates that ASWC.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.
Loading charts...
Volatility by Period
| ASWC.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.89% | 7.31% | -1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 15.89% | 15.53% | +0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.35% | 18.01% | +2.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.11% | 16.34% | +2.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.11% | 18.08% | +1.03% |
ASWC.DE vs. IS3N.DE - Expense Ratio Comparison
ASWC.DE has a 0.49% expense ratio, which is higher than IS3N.DE's 0.18% expense ratio.
Dividends
ASWC.DE vs. IS3N.DE - Dividend Comparison
Neither ASWC.DE nor IS3N.DE has paid dividends to shareholders.
Frequently Asked Questions
ASWC.DE 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 0.49% for ASWC.DE.
ASWC.DE is categorized as Aerospace & Defense, while IS3N.DE is Emerging Markets Equities. ASWC.DE tracks EQM Future of Defence Index, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). They also come from different issuers: HANetf and iShares. Their fees differ too: 0.49% for ASWC.DE and 0.18% for IS3N.DE.
Find the right allocation for ASWC.DE and IS3N.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer