DBX3.DE vs. IUSC.DE

Last updated Apr 2, 2026

Compare and contrast key facts about Xtrackers MSCI EM Latin America ESG Swap UCITS ETF 1C (DBX3.DE) and iShares MSCI EM Latin America UCITS ETF (Dist) (IUSC.DE).

DBX3.DE and IUSC.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DBX3.DE is a passively managed fund by Xtrackers that tracks the performance of the MSCI Emerging Markets Latin America Low Carbon SRI Leaders. It was launched on Jun 22, 2007. IUSC.DE is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Latin America 10/40. It was launched on Oct 15, 2007. Both DBX3.DE and IUSC.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

DBX3.DE vs. IUSC.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers MSCI EM Latin America ESG Swap UCITS ETF 1C (DBX3.DE) and iShares MSCI EM Latin America UCITS ETF (Dist) (IUSC.DE). The values are adjusted to include any dividend payments, if applicable.

DBX3.DE vs. IUSC.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DBX3.DE Xtrackers MSCI EM Latin America ESG Swap UCITS ETF 1C	16.87%	40.51%	-24.96%	22.19%	12.46%	-15.09%	-21.52%	21.36%	-3.41%	7.06%
IUSC.DE iShares MSCI EM Latin America UCITS ETF (Dist)	18.06%	36.88%	-22.89%	28.61%	15.20%	-3.88%	-19.69%	18.47%	-2.77%	6.14%

Returns By Period

In the year-to-date period, DBX3.DE achieves a 16.87% return, which is significantly lower than IUSC.DE's 18.06% return. Over the past 10 years, DBX3.DE has underperformed IUSC.DE with an annualized return of 5.37%, while IUSC.DE has yielded a comparatively higher 7.48% annualized return.

DBX3.DE

• 1D: 3.41%
• 1M: 0.84%
• YTD: 16.87%
• 6M: 26.28%
• 1Y: 47.40%
• 3Y*: 13.68%
• 5Y*: 8.62%
• 10Y*: 5.37%

IUSC.DE

• 1D: 2.34%
• 1M: 0.02%
• YTD: 18.06%
• 6M: 28.68%
• 1Y: 46.40%
• 3Y*: 15.84%
• 5Y*: 13.22%
• 10Y*: 7.48%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DBX3.DE vs. IUSC.DE - Expense Ratio Comparison

DBX3.DE has a 0.40% expense ratio, which is higher than IUSC.DE's 0.20% expense ratio.

DBX3.DE

Xtrackers MSCI EM Latin America ESG Swap UCITS ETF 1C

IUSC.DE

iShares MSCI EM Latin America UCITS ETF (Dist)

Return for Risk

DBX3.DE vs. IUSC.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DBX3.DE

DBX3.DE Risk / Return Rank: 93
DBX3.DE Sharpe Ratio Rank: 94
DBX3.DE Sortino Ratio Rank: 94
DBX3.DE Omega Ratio Rank: 92
DBX3.DE Calmar Ratio Rank: 94
DBX3.DE Martin Ratio Rank: 91

IUSC.DE

IUSC.DE Risk / Return Rank: 93
IUSC.DE Sharpe Ratio Rank: 93
IUSC.DE Sortino Ratio Rank: 93
IUSC.DE Omega Ratio Rank: 91
IUSC.DE Calmar Ratio Rank: 93
IUSC.DE Martin Ratio Rank: 93

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.

DBX3.DE vs. IUSC.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI EM Latin America ESG Swap UCITS ETF 1C (DBX3.DE) and iShares MSCI EM Latin America UCITS ETF (Dist) (IUSC.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.

	DBX3.DE	IUSC.DE	Difference
Sharpe ratio Return per unit of total volatility	2.35	2.29	+0.06
Sortino ratio Return per unit of downside risk	3.06	2.87	+0.18
Omega ratio Gain probability vs. loss probability	1.42	1.41	+0.01
Calmar ratio Return relative to maximum drawdown	4.10	3.91	+0.19
Martin ratio Return relative to average drawdown	13.88	14.65	-0.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DBX3.DE vs. IUSC.DE - Sharpe Ratio Comparison

The current DBX3.DE Sharpe Ratio is 2.35, which is comparable to the IUSC.DE Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of DBX3.DE and IUSC.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DBX3.DE	IUSC.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	2.29	+0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.63	-0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.21	0.29	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.09	-0.04

Correlation

The correlation between DBX3.DE and IUSC.DE is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

DBX3.DE vs. IUSC.DE - Dividend Comparison

DBX3.DE has not paid dividends to shareholders, while IUSC.DE's dividend yield for the trailing twelve months is around 2.71%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBX3.DE Xtrackers MSCI EM Latin America ESG Swap UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IUSC.DE iShares MSCI EM Latin America UCITS ETF (Dist)	2.71%	3.20%	5.24%	3.98%	6.78%	2.68%	1.65%	2.07%	1.88%	1.41%	1.22%	2.65%

Drawdowns

DBX3.DE vs. IUSC.DE - Drawdown Comparison

The maximum DBX3.DE drawdown since its inception was -60.04%, roughly equal to the maximum IUSC.DE drawdown of -58.97%. Use the drawdown chart below to compare losses from any high point for DBX3.DE and IUSC.DE.

Drawdown Indicators

	DBX3.DE	IUSC.DE	Difference
Max Drawdown Largest peak-to-trough decline	-60.04%	-58.97%	-1.07%
Max Drawdown (1Y) Largest decline over 1 year	-11.62%	-12.12%	+0.50%
Max Drawdown (5Y) Largest decline over 5 years	-26.43%	-25.76%	-0.67%
Max Drawdown (10Y) Largest decline over 10 years	-51.11%	-49.91%	-1.20%
Current Drawdown Current decline from peak	-1.59%	-2.27%	+0.68%
Average Drawdown Average peak-to-trough decline	-25.28%	-25.55%	+0.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.43%	3.23%	+0.20%

Volatility

DBX3.DE vs. IUSC.DE - Volatility Comparison

Xtrackers MSCI EM Latin America ESG Swap UCITS ETF 1C (DBX3.DE) has a higher volatility of 8.66% compared to iShares MSCI EM Latin America UCITS ETF (Dist) (IUSC.DE) at 7.63%. This indicates that DBX3.DE's price experiences larger fluctuations and is considered to be riskier than IUSC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBX3.DE	IUSC.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.66%	7.63%	+1.03%
Volatility (6M) Calculated over the trailing 6-month period	14.57%	14.61%	-0.04%
Volatility (1Y) Calculated over the trailing 1-year period	20.09%	20.22%	-0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.28%	20.66%	+0.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.72%	25.35%	+0.37%