E0UA.DE vs. IS3N.DE
E0UA.DE (iShares Euro Government Bond 0-3 Month UCITS ETF EUR (Acc)) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - E0UA.DE is a Money Market fund tracking the ICE 0-3 Month Euro Government Bill Index, while IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market (IMI). Both are passively managed. Over the past year, E0UA.DE returned 1.93% vs 45.77% for IS3N.DE. At a 0.01 correlation, their price movements are largely independent. E0UA.DE charges 0.07%/yr vs 0.18%/yr for IS3N.DE.
Performance
E0UA.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
In the year-to-date period, E0UA.DE achieves a 0.81% return, which is significantly lower than IS3N.DE's 25.82% return.
E0UA.DE
- 1D
- -0.00%
- 1M
- 0.17%
- YTD
- 0.81%
- 6M
- 0.97%
- 1Y
- 1.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IS3N.DE
- 1D
- -1.45%
- 1M
- 3.11%
- YTD
- 25.82%
- 6M
- 26.34%
- 1Y
- 45.77%
- 3Y*
- 19.99%
- 5Y*
- 8.61%
- 10Y*
- 10.00%
E0UA.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
E0UA.DE iShares Euro Government Bond 0-3 Month UCITS ETF EUR (Acc) | 0.81% | 2.15% | 0.22% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 25.82% | 17.14% | -0.19% |
Correlation
The correlation between E0UA.DE and IS3N.DE is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2024 | 0.01 |
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Return for Risk
E0UA.DE vs. IS3N.DE — Risk / Return Rank
E0UA.DE
IS3N.DE
E0UA.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond 0-3 Month UCITS ETF EUR (Acc) (E0UA.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.
| E0UA.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +1.69 | ||
| Omega ratioGain probability vs. loss probability | 2.36 | 1.49 | +0.87 |
| Calmar ratioReturn relative to maximum drawdown | 8.87 | 4.42 | +4.44 |
| Martin ratioReturn relative to average drawdown | 30.01 | 16.00 | +14.01 |
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
| E0UA.DE | IS3N.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.26 | 2.69 | +0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.53 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.87 | 0.44 | +3.43 |
Drawdowns
E0UA.DE vs. IS3N.DE - Drawdown Comparison
The maximum E0UA.DE drawdown since its inception was -0.22%, smaller than the maximum IS3N.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for E0UA.DE and IS3N.DE.
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Drawdown Indicators
| E0UA.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.22% | -35.06% | +34.84% |
Max Drawdown (1Y)Largest decline over 1 year | -0.22% | -10.52% | +10.30% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.17% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.01% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.51% | — |
Current DrawdownCurrent decline from peak | -0.15% | -2.49% | +2.34% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -9.30% | +9.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 2.91% | -2.85% |
Volatility
E0UA.DE vs. IS3N.DE - Volatility Comparison
The current volatility for iShares Euro Government Bond 0-3 Month UCITS ETF EUR (Acc) (E0UA.DE) is 0.33%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 7.16%. This indicates that E0UA.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
| E0UA.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.33% | 7.16% | -6.83% |
Volatility (6M)Calculated over the trailing 6-month period | 0.50% | 14.69% | -14.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.59% | 17.32% | -16.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.55% | 16.19% | -15.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.55% | 18.04% | -17.49% |
E0UA.DE vs. IS3N.DE - Expense Ratio Comparison
E0UA.DE has a 0.07% 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
E0UA.DE vs. IS3N.DE - Dividend Comparison
Neither E0UA.DE nor IS3N.DE has paid dividends to shareholders.
Frequently Asked Questions
E0UA.DE and IS3N.DE have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, E0UA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
E0UA.DE is cheaper with a 0.07% expense ratio, compared with 0.18% for IS3N.DE.
E0UA.DE is categorized as Money Market, while IS3N.DE is Emerging Markets Equities. E0UA.DE tracks ICE 0-3 Month Euro Government Bill Index, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). Their fees differ too: 0.07% for E0UA.DE and 0.18% for IS3N.DE.
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