CBUM.DE vs. IS3N.DE
CBUM.DE (iShares S&P 500 Scored and Screened UCITS ETF EUR Hedged (Acc)) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - CBUM.DE is a S&P 500 fund tracking the S&P 500 Scored & Screened Index (EUR Hedged), while IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index (IMI). Both are passively managed. Over the past 3 years, CBUM.DE returned 17.72%/yr vs 19.59%/yr for IS3N.DE. A 0.55 correlation means they provide meaningful diversification when combined. CBUM.DE charges 0.10%/yr vs 0.18%/yr for IS3N.DE.
Performance
CBUM.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CBUM.DE achieves a 8.15% return, which is significantly lower than IS3N.DE's 26.15% return.
CBUM.DE
- 1D
- 0.34%
- 1M
- 0.11%
- 6M
- 8.82%
- YTD
- 8.15%
- 1Y
- 20.50%
- 3Y*
- 17.72%
- 5Y*
- —
- 10Y*
- —
IS3N.DE
- 1D
- 2.11%
- 1M
- -1.18%
- 6M
- 22.85%
- YTD
- 26.15%
- 1Y
- 42.71%
- 3Y*
- 19.59%
- 5Y*
- 8.39%
- 10Y*
- 9.80%
CBUM.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CBUM.DE iShares S&P 500 Scored and Screened UCITS ETF EUR Hedged (Acc) | 8.15% | 15.88% | 21.99% | 25.11% | -8.40% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 26.15% | 17.14% | 13.88% | 7.20% | -5.73% |
Correlation
The correlation between CBUM.DE and IS3N.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Aug 2, 2022 | 0.55 |
The correlation between CBUM.DE and IS3N.DE has been stable across timeframes, ranging from 0.55 to 0.64 - a consistent structural relationship.
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Return for Risk
CBUM.DE vs. IS3N.DE — Risk / Return Rank
CBUM.DE
IS3N.DE
CBUM.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Scored and Screened UCITS ETF EUR Hedged (Acc) (CBUM.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.
| CBUM.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.40 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 4.04 | -1.77 |
| Martin ratioReturn relative to average drawdown | 9.58 | 13.47 | -3.89 |
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Drawdowns
CBUM.DE vs. IS3N.DE - Drawdown Comparison
The maximum CBUM.DE drawdown since its inception was -19.25%, smaller than the maximum IS3N.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for CBUM.DE and IS3N.DE.
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Drawdown Indicators
| CBUM.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.25% | -35.06% | +15.81% |
Max Drawdown (1Y)Largest decline over 1 year | -8.99% | -10.52% | +1.53% |
Max Drawdown (3Y)Largest decline over 3 years | -19.25% | -19.18% | -0.07% |
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 | -1.13% | -4.56% | +3.43% |
Average DrawdownAverage peak-to-trough decline | -3.58% | -9.24% | +5.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 3.16% | -1.03% |
Volatility
CBUM.DE vs. IS3N.DE - Volatility Comparison
The current volatility for iShares S&P 500 Scored and Screened UCITS ETF EUR Hedged (Acc) (CBUM.DE) is 4.03%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 8.89%. This indicates that CBUM.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.
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Volatility by Period
| CBUM.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.03% | 8.89% | -4.86% |
Volatility (6M)Calculated over the trailing 6-month period | 9.33% | 16.69% | -7.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.02% | 19.07% | -7.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.01% | 16.62% | -1.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.01% | 18.15% | -3.14% |
CBUM.DE vs. IS3N.DE - Expense Ratio Comparison
CBUM.DE has a 0.10% 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
CBUM.DE vs. IS3N.DE - Dividend Comparison
Neither CBUM.DE nor IS3N.DE has paid dividends to shareholders.
Frequently Asked Questions
CBUM.DE and IS3N.DE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBUM.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBUM.DE is cheaper with a 0.10% expense ratio, compared with 0.18% for IS3N.DE.
CBUM.DE is categorized as S&P 500, while IS3N.DE is Emerging Markets Equities. CBUM.DE tracks S&P 500 Scored & Screened Index (EUR Hedged), while IS3N.DE tracks MSCI Emerging Markets Investable Market Index (IMI). Their fees differ too: 0.10% for CBUM.DE and 0.18% for IS3N.DE.
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