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BRIC.AS vs. IS3N.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BRIC.AS vs. IS3N.DE

Last updated Jun 26, 2026

BRIC.AS (iShares BIC 50 UCITS ETF) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both Emerging Markets Equities funds from iShares - BRIC.AS tracks the FTSE BIC 50 Net of Tax Index while IS3N.DE tracks the MSCI Emerging Markets Investable Market (IMI). Both are passively managed. Over the past 10 years, BRIC.AS returned 2.05%/yr vs 10.37%/yr for IS3N.DE. Their correlation of 0.84 suggests significant overlap in exposure. BRIC.AS charges 0.74%/yr vs 0.18%/yr for IS3N.DE.

Performance

BRIC.AS vs. IS3N.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares BIC 50 UCITS ETF (BRIC.AS) and iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BRIC.AS achieves a -16.10% return, which is significantly lower than IS3N.DE's 27.07% return. Over the past 10 years, BRIC.AS has underperformed IS3N.DE with an annualized return of 2.05%, while IS3N.DE has yielded a comparatively higher 10.37% annualized return.

BRIC.AS

1D
-2.87%
1M
-9.79%
YTD
-16.10%
6M
-16.03%
1Y
-11.96%
3Y*
3.10%
5Y*
-9.03%
10Y*
2.05%

IS3N.DE

1D
0.37%
1M
1.92%
YTD
27.07%
6M
28.58%
1Y
44.90%
3Y*
20.88%
5Y*
8.46%
10Y*
10.37%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BRIC.AS vs. IS3N.DE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
BRIC.AS
iShares BIC 50 UCITS ETF		-16.10%15.29%19.91%-10.17%-24.74%-17.47%9.83%24.15%-4.06%20.26%
IS3N.DE
iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)		27.07%17.14%13.88%7.20%-13.85%7.09%7.07%20.99%-11.06%20.43%

Correlation

The correlation between BRIC.AS and IS3N.DE is 0.57, 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

0.57

Correlation (3Y)
Calculated over the trailing 3-year period

0.67

Correlation (5Y)
Calculated over the trailing 5-year period

0.75

Correlation (10Y)
Calculated over the trailing 10-year period

0.82

Correlation (All Time)
Calculated using the full available price history since Jun 4, 2014

0.84

Over the past year, the correlation between BRIC.AS and IS3N.DE has dropped to 0.57 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares BIC 50 UCITS ETF

iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)

Often compared with BRIC.AS:
BRIC.AS vs. R1GR.ASBRIC.AS vs. IMAE.ASBRIC.AS vs. CNDX.ASBRIC.AS vs. EUEA.ASBRIC.AS vs. IWDA.ASBRIC.AS vs. CSPX.ASBRIC.AS vs. DFND.AS
Often compared with IS3N.DE:
IS3N.DE vs. EUNM.DEIS3N.DE vs. EUNL.DEIS3N.DE vs. EEMIS3N.DE vs. VWCE.DEIS3N.DE vs. 5MVL.DEIS3N.DE vs. SXR8.DEIS3N.DE vs. SPY

Return for Risk

BRIC.AS vs. IS3N.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BRIC.AS
BRIC.AS Risk / Return Rank: 44
Overall Rank
BRIC.AS Sharpe Ratio Rank: 44
Sharpe Ratio Rank
BRIC.AS Sortino Ratio Rank: 44
Sortino Ratio Rank
BRIC.AS Omega Ratio Rank: 44
Omega Ratio Rank
BRIC.AS Calmar Ratio Rank: 55
Calmar Ratio Rank
BRIC.AS Martin Ratio Rank: 44
Martin Ratio Rank
IS3N.DE
IS3N.DE Risk / Return Rank: 8484
Overall Rank
IS3N.DE Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
IS3N.DE Sortino Ratio Rank: 8282
Sortino Ratio Rank
IS3N.DE Omega Ratio Rank: 8484
Omega Ratio Rank
IS3N.DE Calmar Ratio Rank: 8787
Calmar Ratio Rank
IS3N.DE Martin Ratio Rank: 8383
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BRIC.AS vs. IS3N.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares BIC 50 UCITS ETF (BRIC.AS) 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.

BRIC.ASIS3N.DEDifference
Sharpe ratioReturn per unit of total volatility
-0.64
2.40

-3.03

Sortino ratioReturn per unit of downside risk
-0.80
3.14

-3.94

Omega ratioGain probability vs. loss probability

0.91

1.44

-0.53

Calmar ratioReturn relative to maximum drawdown

-0.49

4.25

-4.74

Martin ratioReturn relative to average drawdown

-1.21

14.62

-15.83

BRIC.AS vs. IS3N.DE - Sharpe Ratio Comparison

The current BRIC.AS Sharpe Ratio is -0.64, which is lower than the IS3N.DE Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of BRIC.AS and IS3N.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

BRIC.AS vs. IS3N.DE - Drawdown Comparison

The maximum BRIC.AS drawdown since its inception was -73.80%, which is greater than IS3N.DE's maximum drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for BRIC.AS and IS3N.DE.

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Drawdown Indicators

BRIC.ASIS3N.DEDifference

Max Drawdown

Largest peak-to-trough decline

-73.80%

-35.06%

-38.74%

Max Drawdown (1Y)

Largest decline over 1 year

-24.22%

-10.52%

-13.70%

Max Drawdown (3Y)

Largest decline over 3 years

-24.22%

-19.18%

-5.04%

Max Drawdown (5Y)

Largest decline over 5 years

-52.42%

-21.99%

-30.43%

Max Drawdown (10Y)

Largest decline over 10 years

-58.58%

-32.51%

-26.07%

Current Drawdown

Current decline from peak

-46.01%

-3.87%

-42.14%

Average Drawdown

Average peak-to-trough decline

-34.49%

-9.24%

-25.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.86%

3.06%

+6.80%

Volatility

BRIC.AS vs. IS3N.DE - Volatility Comparison

The current volatility for iShares BIC 50 UCITS ETF (BRIC.AS) is 6.19%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 8.42%. This indicates that BRIC.AS 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

BRIC.ASIS3N.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.19%

8.42%

-2.23%

Volatility (6M)

Calculated over the trailing 6-month period

13.19%

16.42%

-3.23%

Volatility (1Y)

Calculated over the trailing 1-year period

18.57%

18.65%

-0.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

28.95%

16.53%

+12.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.59%

18.14%

+7.45%

BRIC.AS vs. IS3N.DE - Expense Ratio Comparison

BRIC.AS has a 0.74% expense ratio, which is higher than IS3N.DE's 0.18% expense ratio.

Dividends

BRIC.AS vs. IS3N.DE - Dividend Comparison

BRIC.AS's dividend yield for the trailing twelve months is around 1.74%, while IS3N.DE has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
BRIC.AS
iShares BIC 50 UCITS ETF		1.74%1.78%2.75%2.64%3.71%1.56%1.49%2.06%2.99%1.98%1.84%2.72%
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

BRIC.AS and IS3N.DE have a correlation of 0.57, 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 0.74% for BRIC.AS.

BRIC.AS tracks FTSE BIC 50 Net of Tax Index, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). Their fees differ too: 0.74% for BRIC.AS and 0.18% for IS3N.DE.

Portfolio Optimizer

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