AW12.DE vs. IS3N.DE
AW12.DE (UBS ETF (IE) MSCI Emerging Markets Climate Paris Aligned UCITS ETF (USD) Acc) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both Emerging Markets Equities funds - AW12.DE tracks the MSCI Emerging Markets Climate Paris Aligned while IS3N.DE tracks the MSCI Emerging Markets Investable Market (IMI). Both are passively managed. Over the past 3 years, AW12.DE returned 18.73%/yr vs 19.99%/yr for IS3N.DE. Their correlation of 0.93 suggests significant overlap in exposure. AW12.DE charges 0.16%/yr vs 0.18%/yr for IS3N.DE.
Performance
AW12.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with AW12.DE having a 24.98% return and IS3N.DE slightly higher at 25.82%.
AW12.DE
- 1D
- -1.17%
- 1M
- 2.63%
- YTD
- 24.98%
- 6M
- 25.97%
- 1Y
- 45.64%
- 3Y*
- 18.73%
- 5Y*
- —
- 10Y*
- —
IS3N.DE
- 1D
- -1.45%
- 1M
- 3.11%
- YTD
- 25.82%
- 6M
- 26.34%
- 1Y
- 45.77%
- 3Y*
- 19.99%
- 5Y*
- 8.61%
- 10Y*
- 10.00%
AW12.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AW12.DE UBS ETF (IE) MSCI Emerging Markets Climate Paris Aligned UCITS ETF (USD) Acc | 24.98% | 18.87% | 12.31% | 3.30% | -15.75% | -1.31% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 25.82% | 17.14% | 13.87% | 7.20% | -14.09% | -0.49% |
Correlation
The correlation between AW12.DE and IS3N.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2021 | 0.93 |
The correlation between AW12.DE and IS3N.DE has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.
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Return for Risk
AW12.DE vs. IS3N.DE — Risk / Return Rank
AW12.DE
IS3N.DE
AW12.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI Emerging Markets Climate Paris Aligned UCITS ETF (USD) Acc (AW12.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.
| AW12.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.49 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.61 | 4.42 | +0.18 |
| Martin ratioReturn relative to average drawdown | 16.28 | 16.00 | +0.27 |
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
| AW12.DE | IS3N.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.52 | 2.69 | -0.16 |
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 | 0.43 | 0.44 | -0.01 |
Drawdowns
AW12.DE vs. IS3N.DE - Drawdown Comparison
The maximum AW12.DE drawdown since its inception was -24.09%, smaller than the maximum IS3N.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for AW12.DE and IS3N.DE.
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Drawdown Indicators
| AW12.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.09% | -35.06% | +10.97% |
Max Drawdown (1Y)Largest decline over 1 year | -9.94% | -10.52% | +0.58% |
Max Drawdown (3Y)Largest decline over 3 years | -18.93% | -19.17% | +0.24% |
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 | -2.26% | -2.49% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -9.89% | -9.30% | -0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 2.91% | -0.09% |
Volatility
AW12.DE vs. IS3N.DE - Volatility Comparison
UBS ETF (IE) MSCI Emerging Markets Climate Paris Aligned UCITS ETF (USD) Acc (AW12.DE) and iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) have volatilities of 7.44% and 7.16%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AW12.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.44% | 7.16% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 14.88% | 14.69% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.18% | 17.32% | +0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.92% | 16.19% | +1.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.92% | 18.04% | -0.12% |
AW12.DE vs. IS3N.DE - Expense Ratio Comparison
AW12.DE has a 0.16% expense ratio, which is lower than IS3N.DE's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
AW12.DE vs. IS3N.DE - Dividend Comparison
Neither AW12.DE nor IS3N.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, AW12.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, AW12.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AW12.DE is cheaper with a 0.16% expense ratio, compared with 0.18% for IS3N.DE.
AW12.DE tracks MSCI Emerging Markets Climate Paris Aligned, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). They also come from different issuers: UBS and iShares. Their fees differ too: 0.16% for AW12.DE and 0.18% for IS3N.DE.
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