EMND.DE vs. IS3S.DE
EMND.DE (iShares MSCI World ESG Enhanced UCITS ETF USD (Dist)) and IS3S.DE (iShares Edge MSCI World Value Factor UCITS ETF) are both Global Equities funds from iShares - EMND.DE tracks the MSCI World ESG Enhanced Focus while IS3S.DE tracks the MSCI World Enhanced Value. Both are passively managed. Over the past 5 years, EMND.DE returned 11.70%/yr vs 17.35%/yr for IS3S.DE. Their correlation of 0.83 suggests significant overlap in exposure. EMND.DE charges 0.20%/yr vs 0.30%/yr for IS3S.DE.
Performance
EMND.DE vs. IS3S.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMND.DE achieves a 10.17% return, which is significantly lower than IS3S.DE's 35.27% return.
EMND.DE
- 1D
- 0.02%
- 1M
- 3.68%
- YTD
- 10.17%
- 6M
- 10.17%
- 1Y
- 21.70%
- 3Y*
- 16.08%
- 5Y*
- 11.70%
- 10Y*
- —
IS3S.DE
- 1D
- -0.83%
- 1M
- 11.04%
- YTD
- 35.27%
- 6M
- 38.20%
- 1Y
- 63.38%
- 3Y*
- 26.82%
- 5Y*
- 17.35%
- 10Y*
- 12.60%
EMND.DE vs. IS3S.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMND.DE iShares MSCI World ESG Enhanced UCITS ETF USD (Dist) | 10.17% | 6.20% | 25.02% | 18.82% | -15.24% | 33.96% | 7.28% | 12.63% |
IS3S.DE iShares Edge MSCI World Value Factor UCITS ETF | 35.27% | 25.13% | 11.36% | 15.62% | -4.81% | 30.38% | -12.53% | 9.69% |
Correlation
The correlation between EMND.DE and IS3S.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since May 8, 2019 | 0.83 |
The correlation between EMND.DE and IS3S.DE has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.
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Return for Risk
EMND.DE vs. IS3S.DE — Risk / Return Rank
EMND.DE
IS3S.DE
EMND.DE vs. IS3S.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World ESG Enhanced UCITS ETF USD (Dist) (EMND.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.
| EMND.DE | IS3S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.62 | ||
| Sortino ratioReturn per unit of downside risk | -3.45 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.83 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 10.36 | -7.28 |
| Martin ratioReturn relative to average drawdown | 12.00 | 39.01 | -27.01 |
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
| EMND.DE | IS3S.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.91 | 4.53 | -2.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 1.24 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.68 | +0.11 |
Drawdowns
EMND.DE vs. IS3S.DE - Drawdown Comparison
The maximum EMND.DE drawdown since its inception was -33.15%, smaller than the maximum IS3S.DE drawdown of -35.18%. Use the drawdown chart below to compare losses from any high point for EMND.DE and IS3S.DE.
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Drawdown Indicators
| EMND.DE | IS3S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.15% | -35.18% | +2.03% |
Max Drawdown (1Y)Largest decline over 1 year | -7.07% | -6.09% | -0.98% |
Max Drawdown (3Y)Largest decline over 3 years | -21.24% | -17.80% | -3.44% |
Max Drawdown (5Y)Largest decline over 5 years | -21.24% | -17.80% | -3.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.18% | — |
Current DrawdownCurrent decline from peak | -0.33% | -0.83% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -5.82% | +0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 1.62% | +0.19% |
Volatility
EMND.DE vs. IS3S.DE - Volatility Comparison
The current volatility for iShares MSCI World ESG Enhanced UCITS ETF USD (Dist) (EMND.DE) is 2.65%, while iShares Edge MSCI World Value Factor UCITS ETF (IS3S.DE) has a volatility of 5.62%. This indicates that EMND.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
| EMND.DE | IS3S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 5.62% | -2.97% |
Volatility (6M)Calculated over the trailing 6-month period | 7.76% | 11.32% | -3.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.37% | 13.93% | -2.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.24% | 13.85% | +0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.30% | 15.76% | +0.54% |
EMND.DE vs. IS3S.DE - Expense Ratio Comparison
EMND.DE has a 0.20% expense ratio, which is lower than IS3S.DE's 0.30% expense ratio.
Dividends
EMND.DE vs. IS3S.DE - Dividend Comparison
EMND.DE's dividend yield for the trailing twelve months is around 0.93%, while IS3S.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EMND.DE iShares MSCI World ESG Enhanced UCITS ETF USD (Dist) | 0.93% | 1.03% | 1.28% | 1.47% | 2.54% | 1.70% | 1.83% | 1.30% |
IS3S.DE iShares Edge MSCI World Value Factor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMND.DE and IS3S.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMND.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMND.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for IS3S.DE.
EMND.DE tracks MSCI World ESG Enhanced Focus, while IS3S.DE tracks MSCI World Enhanced Value. Their fees differ too: 0.20% for EMND.DE and 0.30% for IS3S.DE.
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