EMEC.DE vs. IS3S.DE
EMEC.DE (BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR) and IS3S.DE (iShares Edge MSCI World Value Factor UCITS ETF) are both Global Equities funds - EMEC.DE tracks the ECPI Circular Economy Leaders Equity while IS3S.DE tracks the MSCI World Enhanced Value. Both are passively managed. Over the past 5 years, EMEC.DE returned 9.49%/yr vs 17.35%/yr for IS3S.DE. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.30% expense ratio.
Performance
EMEC.DE vs. IS3S.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMEC.DE achieves a 10.95% return, which is significantly lower than IS3S.DE's 35.27% return.
EMEC.DE
- 1D
- -0.24%
- 1M
- 5.19%
- YTD
- 10.95%
- 6M
- 10.54%
- 1Y
- 21.09%
- 3Y*
- 11.29%
- 5Y*
- 9.49%
- 10Y*
- —
IS3S.DE
- 1D
- -0.83%
- 1M
- 12.66%
- YTD
- 35.27%
- 6M
- 38.56%
- 1Y
- 63.43%
- 3Y*
- 26.82%
- 5Y*
- 17.35%
- 10Y*
- 12.60%
EMEC.DE vs. IS3S.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMEC.DE BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR | 10.95% | 5.92% | 10.86% | 19.48% | -12.91% | 37.20% | 8.36% | 18.47% |
IS3S.DE iShares Edge MSCI World Value Factor UCITS ETF | 35.27% | 25.13% | 11.36% | 15.62% | -4.81% | 30.38% | -12.53% | 14.75% |
Correlation
The correlation between EMEC.DE and IS3S.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2019 | 0.85 |
The correlation between EMEC.DE and IS3S.DE has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.
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Return for Risk
EMEC.DE vs. IS3S.DE — Risk / Return Rank
EMEC.DE
IS3S.DE
EMEC.DE vs. IS3S.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR (EMEC.DE) and iShares Edge MSCI World Value Factor UCITS ETF (IS3S.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.
| EMEC.DE | IS3S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.80 | ||
| Sortino ratioReturn per unit of downside risk | -3.60 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.83 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 10.36 | -7.71 |
| Martin ratioReturn relative to average drawdown | 9.05 | 39.01 | -29.96 |
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
| EMEC.DE | IS3S.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 4.53 | -2.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 1.24 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.68 | +0.14 |
Drawdowns
EMEC.DE vs. IS3S.DE - Drawdown Comparison
The maximum EMEC.DE drawdown since its inception was -30.18%, smaller than the maximum IS3S.DE drawdown of -35.18%. Use the drawdown chart below to compare losses from any high point for EMEC.DE and IS3S.DE.
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Drawdown Indicators
| EMEC.DE | IS3S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.18% | -35.18% | +5.00% |
Max Drawdown (1Y)Largest decline over 1 year | -7.95% | -6.09% | -1.86% |
Max Drawdown (3Y)Largest decline over 3 years | -20.78% | -17.80% | -2.98% |
Max Drawdown (5Y)Largest decline over 5 years | -20.78% | -17.80% | -2.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.18% | — |
Current DrawdownCurrent decline from peak | -0.24% | -0.83% | +0.59% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -5.82% | +0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 1.62% | +0.70% |
Volatility
EMEC.DE vs. IS3S.DE - Volatility Comparison
The current volatility for BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR (EMEC.DE) is 3.47%, while iShares Edge MSCI World Value Factor UCITS ETF (IS3S.DE) has a volatility of 5.62%. This indicates that EMEC.DE experiences smaller price fluctuations and is considered to be less risky than IS3S.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMEC.DE | IS3S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 5.62% | -2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 8.86% | 11.32% | -2.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.15% | 13.93% | -1.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.05% | 13.85% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.00% | 15.76% | +0.24% |
EMEC.DE vs. IS3S.DE - Expense Ratio Comparison
Both EMEC.DE and IS3S.DE have an expense ratio of 0.30%.
Dividends
EMEC.DE vs. IS3S.DE - Dividend Comparison
Neither EMEC.DE nor IS3S.DE has paid dividends to shareholders.
Frequently Asked Questions
EMEC.DE and IS3S.DE have a correlation of 0.80, 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 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EMEC.DE and IS3S.DE have the same expense ratio: 0.30% per year.
EMEC.DE tracks ECPI Circular Economy Leaders Equity, while IS3S.DE tracks MSCI World Enhanced Value. They also come from different issuers: BNP Paribas and iShares.
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