B41J.DE vs. IS3H.DE
B41J.DE (Global X European Infrastructure Development UCITS ETF EUR Accumulating) and IS3H.DE (iShares MSCI EMU Mid Cap UCITS ETF) are both Europe Equities funds - B41J.DE tracks the Mirae Asset European Infrastructure Development Index while IS3H.DE tracks the MSCI EMU Mid Cap. Both are passively managed. Over the past year, B41J.DE returned 8.67% vs 16.64% for IS3H.DE. A 0.71 correlation means they provide meaningful diversification when combined. B41J.DE charges 0.47%/yr vs 0.49%/yr for IS3H.DE.
Performance
B41J.DE vs. IS3H.DE - Performance Comparison
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Returns By Period
In the year-to-date period, B41J.DE achieves a 7.25% return, which is significantly lower than IS3H.DE's 9.28% return.
B41J.DE
- 1D
- 0.02%
- 1M
- -2.78%
- YTD
- 7.25%
- 6M
- 8.50%
- 1Y
- 8.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IS3H.DE
- 1D
- 0.47%
- 1M
- -0.13%
- YTD
- 9.28%
- 6M
- 11.27%
- 1Y
- 16.64%
- 3Y*
- 18.25%
- 5Y*
- 9.27%
- 10Y*
- 9.47%
B41J.DE vs. IS3H.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
B41J.DE Global X European Infrastructure Development UCITS ETF EUR Accumulating | 7.25% | 27.74% | -2.48% |
IS3H.DE iShares MSCI EMU Mid Cap UCITS ETF | 9.28% | 30.84% | 2.92% |
Correlation
The correlation between B41J.DE and IS3H.DE is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2024 | 0.71 |
The correlation between B41J.DE and IS3H.DE has been stable across timeframes, ranging from 0.71 to 0.71 - a consistent structural relationship.
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Return for Risk
B41J.DE vs. IS3H.DE — Risk / Return Rank
B41J.DE
IS3H.DE
B41J.DE vs. IS3H.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X European Infrastructure Development UCITS ETF EUR Accumulating (B41J.DE) and iShares MSCI EMU Mid Cap UCITS ETF (IS3H.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.
| B41J.DE | IS3H.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.26 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | 2.15 | -1.21 |
| Martin ratioReturn relative to average drawdown | 2.70 | 7.71 | -5.02 |
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
| B41J.DE | IS3H.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.58 | 1.40 | -0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.60 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.56 | +0.56 |
Drawdowns
B41J.DE vs. IS3H.DE - Drawdown Comparison
The maximum B41J.DE drawdown since its inception was -12.00%, smaller than the maximum IS3H.DE drawdown of -37.63%. Use the drawdown chart below to compare losses from any high point for B41J.DE and IS3H.DE.
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Drawdown Indicators
| B41J.DE | IS3H.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.00% | -37.63% | +25.63% |
Max Drawdown (1Y)Largest decline over 1 year | -9.34% | -8.11% | -1.23% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.21% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.54% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.63% | — |
Current DrawdownCurrent decline from peak | -4.55% | -1.34% | -3.21% |
Average DrawdownAverage peak-to-trough decline | -2.45% | -6.35% | +3.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 2.27% | +0.97% |
Volatility
B41J.DE vs. IS3H.DE - Volatility Comparison
Global X European Infrastructure Development UCITS ETF EUR Accumulating (B41J.DE) has a higher volatility of 4.95% compared to iShares MSCI EMU Mid Cap UCITS ETF (IS3H.DE) at 3.33%. This indicates that B41J.DE's price experiences larger fluctuations and is considered to be riskier than IS3H.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| B41J.DE | IS3H.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.95% | 3.33% | +1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 12.73% | 9.77% | +2.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.27% | 12.45% | +2.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.11% | 15.31% | +0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.11% | 16.15% | -0.04% |
B41J.DE vs. IS3H.DE - Expense Ratio Comparison
B41J.DE has a 0.47% expense ratio, which is lower than IS3H.DE's 0.49% expense ratio.
Dividends
B41J.DE vs. IS3H.DE - Dividend Comparison
Neither B41J.DE nor IS3H.DE has paid dividends to shareholders.
Frequently Asked Questions
B41J.DE and IS3H.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, B41J.DE is cheaper at 0.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.
B41J.DE is cheaper with a 0.47% expense ratio, compared with 0.49% for IS3H.DE.
B41J.DE tracks Mirae Asset European Infrastructure Development Index, while IS3H.DE tracks MSCI EMU Mid Cap. They also come from different issuers: Global X and iShares. Their fees differ too: 0.47% for B41J.DE and 0.49% for IS3H.DE.
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