CU2G.L vs. IS3N.DE
CU2G.L (Amundi MSCI USA UCITS USD) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - CU2G.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market (IMI). Both are passively managed. Over the past 10 years, CU2G.L returned 15.30%/yr vs 11.07%/yr for IS3N.DE. A 0.58 correlation means they provide meaningful diversification when combined. Both charge a 0.18% expense ratio.
Performance
CU2G.L vs. IS3N.DE - Performance Comparison
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Different Trading Currencies
CU2G.L is traded in GBp, while IS3N.DE is traded in EUR. To make them comparable, the IS3N.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CU2G.L achieves a 12.62% return, which is significantly lower than IS3N.DE's 24.83% return. Over the past 10 years, CU2G.L has outperformed IS3N.DE with an annualized return of 15.30%, while IS3N.DE has yielded a comparatively lower 11.07% annualized return.
CU2G.L
- 1D
- 0.42%
- 1M
- 7.90%
- YTD
- 12.62%
- 6M
- 13.09%
- 1Y
- 29.11%
- 3Y*
- 16.81%
- 5Y*
- 13.15%
- 10Y*
- 15.30%
IS3N.DE
- 1D
- -1.33%
- 1M
- 5.49%
- YTD
- 24.83%
- 6M
- 26.21%
- 1Y
- 50.73%
- 3Y*
- 20.17%
- 5Y*
- 8.76%
- 10Y*
- 11.07%
CU2G.L vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CU2G.L Amundi MSCI USA UCITS USD | 12.62% | 6.37% | 21.31% | 20.11% | -10.63% | 29.15% | 16.42% | 26.58% | -0.32% | 10.75% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 24.83% | 23.23% | 8.91% | 5.06% | -9.39% | -0.20% | 13.11% | 14.71% | -9.80% | 25.57% |
Correlation
The correlation between CU2G.L and IS3N.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2016 | 0.58 |
The correlation between CU2G.L and IS3N.DE has been stable across timeframes, ranging from 0.50 to 0.58 - a consistent structural relationship.
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Return for Risk
CU2G.L vs. IS3N.DE — Risk / Return Rank
CU2G.L
IS3N.DE
CU2G.L vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI USA UCITS USD (CU2G.L) 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.
| CU2G.L | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.55 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 4.69 | -1.77 |
| Martin ratioReturn relative to average drawdown | 10.54 | 16.72 | -6.18 |
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
| CU2G.L | IS3N.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.47 | 3.02 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.54 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.98 | 0.61 | +0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.48 | +0.53 |
Drawdowns
CU2G.L vs. IS3N.DE - Drawdown Comparison
The maximum CU2G.L drawdown since its inception was -25.96%, smaller than the maximum IS3N.DE drawdown of -31.33%. Use the drawdown chart below to compare losses from any high point for CU2G.L and IS3N.DE.
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Drawdown Indicators
| CU2G.L | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.96% | -31.33% | +5.37% |
Max Drawdown (1Y)Largest decline over 1 year | -9.93% | -10.76% | +0.83% |
Max Drawdown (3Y)Largest decline over 3 years | -21.81% | -16.72% | -5.09% |
Max Drawdown (5Y)Largest decline over 5 years | -21.81% | -21.99% | +0.18% |
Max Drawdown (10Y)Largest decline over 10 years | -25.96% | -26.44% | +0.48% |
Current DrawdownCurrent decline from peak | 0.00% | -2.29% | +2.29% |
Average DrawdownAverage peak-to-trough decline | -3.66% | -8.75% | +5.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 3.03% | -0.27% |
Volatility
CU2G.L vs. IS3N.DE - Volatility Comparison
The current volatility for Amundi MSCI USA UCITS USD (CU2G.L) is 3.20%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 6.99%. This indicates that CU2G.L 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
| CU2G.L | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.20% | 6.99% | -3.79% |
Volatility (6M)Calculated over the trailing 6-month period | 8.39% | 14.36% | -5.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.71% | 16.71% | -5.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.57% | 15.91% | -1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.75% | 17.99% | -2.24% |
CU2G.L vs. IS3N.DE - Expense Ratio Comparison
Both CU2G.L and IS3N.DE have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
CU2G.L vs. IS3N.DE - Dividend Comparison
Neither CU2G.L nor IS3N.DE has paid dividends to shareholders.
Frequently Asked Questions
CU2G.L and IS3N.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CU2G.L and IS3N.DE have the same expense ratio: 0.18% per year.
CU2G.L is categorized as Large Cap Blend Equities, while IS3N.DE is Emerging Markets Equities. CU2G.L tracks Russell 1000 TR USD, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). They also come from different issuers: Amundi and iShares.
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