EMNJ.DE vs. IS3N.DE
EMNJ.DE (iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist)) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - EMNJ.DE is a Japan Equities fund tracking the MSCI Japan ESG Enhanced Focus CTB Index, 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, EMNJ.DE returned 9.72%/yr vs 7.88%/yr for IS3N.DE. A 0.56 correlation means they provide meaningful diversification when combined. EMNJ.DE charges 0.15%/yr vs 0.18%/yr for IS3N.DE.
Performance
EMNJ.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMNJ.DE achieves a 19.97% return, which is significantly lower than IS3N.DE's 21.93% return.
EMNJ.DE
- 1D
- -0.76%
- 1M
- 1.81%
- 6M
- 13.73%
- YTD
- 19.97%
- 1Y
- 39.88%
- 3Y*
- 16.68%
- 5Y*
- 9.72%
- 10Y*
- —
IS3N.DE
- 1D
- -0.30%
- 1M
- -4.79%
- 6M
- 14.75%
- YTD
- 21.93%
- 1Y
- 36.45%
- 3Y*
- 18.54%
- 5Y*
- 7.88%
- 10Y*
- 8.85%
EMNJ.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMNJ.DE iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) | 19.97% | 12.87% | 10.79% | 16.08% | -13.34% | 9.71% | 5.81% | 3.88% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 21.93% | 17.14% | 13.88% | 7.20% | -13.85% | 7.09% | 7.07% | 10.01% |
Correlation
The correlation between EMNJ.DE and IS3N.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2019 | 0.56 |
The correlation between EMNJ.DE and IS3N.DE shifts across timeframes, from 0.53 (5 years) to 0.64 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EMNJ.DE vs. IS3N.DE — Risk / Return Rank
EMNJ.DE
IS3N.DE
EMNJ.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) (EMNJ.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.
| EMNJ.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.34 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.71 | 3.45 | +0.26 |
| Martin ratioReturn relative to average drawdown | 12.48 | 10.72 | +1.76 |
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Drawdowns
EMNJ.DE vs. IS3N.DE - Drawdown Comparison
The maximum EMNJ.DE drawdown since its inception was -28.10%, smaller than the maximum IS3N.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for EMNJ.DE and IS3N.DE.
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Drawdown Indicators
| EMNJ.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.10% | -35.06% | +6.96% |
Max Drawdown (1Y)Largest decline over 1 year | -10.70% | -10.52% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -16.91% | -19.18% | +2.27% |
Max Drawdown (5Y)Largest decline over 5 years | -19.91% | -21.99% | +2.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.51% | — |
Current DrawdownCurrent decline from peak | -2.74% | -7.75% | +5.01% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -9.23% | +2.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 3.39% | -0.20% |
Volatility
EMNJ.DE vs. IS3N.DE - Volatility Comparison
The current volatility for iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) (EMNJ.DE) is 6.67%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 8.26%. This indicates that EMNJ.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
| EMNJ.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.67% | 8.26% | -1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 16.64% | 17.21% | -0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.49% | 19.58% | +0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.02% | 16.70% | +0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.26% | 18.18% | +0.08% |
EMNJ.DE vs. IS3N.DE - Expense Ratio Comparison
EMNJ.DE has a 0.15% 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
EMNJ.DE vs. IS3N.DE - Dividend Comparison
EMNJ.DE's dividend yield for the trailing twelve months is around 1.42%, while IS3N.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EMNJ.DE iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) | 1.42% | 1.58% | 1.80% | 1.75% | 2.16% | 1.66% | 1.63% | 1.72% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMNJ.DE and IS3N.DE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMNJ.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMNJ.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for IS3N.DE.
EMNJ.DE is categorized as Japan Equities, while IS3N.DE is Emerging Markets Equities. EMNJ.DE tracks MSCI Japan ESG Enhanced Focus CTB Index, while IS3N.DE tracks MSCI Emerging Markets Investable Market Index (IMI). Their fees differ too: 0.15% for EMNJ.DE and 0.18% for IS3N.DE.
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