DEAM.DE vs. IS3N.DE
DEAM.DE (Invesco MDAX UCITS ETF A) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - DEAM.DE is a Europe Equities fund tracking the MDAX®, 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 5 years, DEAM.DE returned -1.95%/yr vs 7.21%/yr for IS3N.DE. A 0.60 correlation means they provide meaningful diversification when combined. DEAM.DE charges 0.19%/yr vs 0.18%/yr for IS3N.DE.
Performance
DEAM.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DEAM.DE achieves a 3.71% return, which is significantly lower than IS3N.DE's 18.17% return.
DEAM.DE
- 1D
- 0.06%
- 1M
- -1.89%
- 6M
- -0.55%
- YTD
- 3.71%
- 1Y
- 2.10%
- 3Y*
- 3.87%
- 5Y*
- -1.95%
- 10Y*
- —
IS3N.DE
- 1D
- -1.97%
- 1M
- -9.63%
- 6M
- 10.94%
- YTD
- 18.17%
- 1Y
- 31.10%
- 3Y*
- 17.61%
- 5Y*
- 7.21%
- 10Y*
- 8.50%
DEAM.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DEAM.DE Invesco MDAX UCITS ETF A | 3.71% | 19.33% | -6.04% | 7.34% | -28.80% | 13.67% | 8.06% | 20.37% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 18.17% | 17.14% | 13.88% | 7.20% | -13.85% | 7.09% | 7.07% | 12.19% |
Correlation
The correlation between DEAM.DE and IS3N.DE is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2019 | 0.60 |
The correlation between DEAM.DE and IS3N.DE has been stable across timeframes, ranging from 0.53 to 0.60 - a consistent structural relationship.
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Return for Risk
DEAM.DE vs. IS3N.DE — Risk / Return Rank
DEAM.DE
IS3N.DE
DEAM.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MDAX UCITS ETF A (DEAM.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.
| DEAM.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.44 | ||
| Sortino ratioReturn per unit of downside risk | -1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.29 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 2.89 | -2.73 |
| Martin ratioReturn relative to average drawdown | 0.43 | 8.76 | -8.32 |
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Drawdowns
DEAM.DE vs. IS3N.DE - Drawdown Comparison
The maximum DEAM.DE drawdown since its inception was -40.04%, 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 DEAM.DE and IS3N.DE.
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Drawdown Indicators
| DEAM.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.04% | -35.06% | -4.98% |
Max Drawdown (1Y)Largest decline over 1 year | -14.95% | -10.59% | -4.36% |
Max Drawdown (3Y)Largest decline over 3 years | -18.48% | -19.18% | +0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -40.04% | -21.99% | -18.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.51% | — |
Current DrawdownCurrent decline from peak | -13.92% | -10.59% | -3.33% |
Average DrawdownAverage peak-to-trough decline | -16.18% | -9.23% | -6.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.36% | 3.50% | +1.86% |
Volatility
DEAM.DE vs. IS3N.DE - Volatility Comparison
The current volatility for Invesco MDAX UCITS ETF A (DEAM.DE) is 4.94%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 8.01%. This indicates that DEAM.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
| DEAM.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 8.01% | -3.07% |
Volatility (6M)Calculated over the trailing 6-month period | 15.96% | 17.36% | -1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.83% | 19.68% | -0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.40% | 16.72% | +2.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.56% | 18.19% | +1.37% |
DEAM.DE vs. IS3N.DE - Expense Ratio Comparison
DEAM.DE has a 0.19% expense ratio, which is higher than IS3N.DE's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
DEAM.DE vs. IS3N.DE - Dividend Comparison
Neither DEAM.DE nor IS3N.DE has paid dividends to shareholders.
Frequently Asked Questions
DEAM.DE and IS3N.DE have a correlation of 0.53, 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 0.19% for DEAM.DE.
DEAM.DE is categorized as Europe Equities, while IS3N.DE is Emerging Markets Equities. DEAM.DE tracks MDAX®, while IS3N.DE tracks MSCI Emerging Markets Investable Market Index (IMI). They also come from different issuers: Invesco and iShares. Their fees differ too: 0.19% for DEAM.DE and 0.18% for IS3N.DE.
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