EMUX.DE vs. IS3H.DE
EMUX.DE (BNP Paribas Easy MSCI EMU ESG Filtered Min TE UCITS ETF) and IS3H.DE (iShares MSCI EMU Mid Cap UCITS ETF) are both Europe Equities funds - EMUX.DE tracks the MSCI EMU ESG Filtered Min TE while IS3H.DE tracks the MSCI EMU Mid Cap. Both are passively managed. Over the past 5 years, EMUX.DE returned 10.17%/yr vs 9.27%/yr for IS3H.DE. Their correlation of 0.93 suggests significant overlap in exposure. EMUX.DE charges 0.15%/yr vs 0.49%/yr for IS3H.DE.
Performance
EMUX.DE vs. IS3H.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMUX.DE achieves a 8.53% return, which is significantly lower than IS3H.DE's 9.28% return.
EMUX.DE
- 1D
- 0.57%
- 1M
- 4.72%
- YTD
- 8.53%
- 6M
- 10.52%
- 1Y
- 17.64%
- 3Y*
- 15.40%
- 5Y*
- 10.17%
- 10Y*
- —
IS3H.DE
- 1D
- 0.47%
- 1M
- 2.04%
- YTD
- 9.28%
- 6M
- 11.50%
- 1Y
- 17.53%
- 3Y*
- 18.25%
- 5Y*
- 9.27%
- 10Y*
- 9.47%
EMUX.DE vs. IS3H.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMUX.DE BNP Paribas Easy MSCI EMU ESG Filtered Min TE UCITS ETF | 8.53% | 24.11% | 9.25% | 18.05% | -12.61% | 22.90% | -0.87% | 27.26% | -13.48% | 13.46% |
IS3H.DE iShares MSCI EMU Mid Cap UCITS ETF | 9.28% | 30.84% | 11.73% | 8.69% | -14.80% | 15.42% | 3.89% | 29.25% | -15.98% | 19.16% |
Correlation
The correlation between EMUX.DE and IS3H.DE is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2016 | 0.93 |
The correlation between EMUX.DE and IS3H.DE has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
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Return for Risk
EMUX.DE vs. IS3H.DE — Risk / Return Rank
EMUX.DE
IS3H.DE
EMUX.DE vs. IS3H.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI EMU ESG Filtered Min TE UCITS ETF (EMUX.DE) and iShares MSCI EMU Mid Cap UCITS ETF (IS3H.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.
| EMUX.DE | IS3H.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.26 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 2.15 | -0.43 |
| Martin ratioReturn relative to average drawdown | 6.23 | 7.71 | -1.48 |
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
| EMUX.DE | IS3H.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 1.40 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.60 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.56 | +0.05 |
Drawdowns
EMUX.DE vs. IS3H.DE - Drawdown Comparison
The maximum EMUX.DE drawdown since its inception was -38.44%, roughly equal to the maximum IS3H.DE drawdown of -37.63%. Use the drawdown chart below to compare losses from any high point for EMUX.DE and IS3H.DE.
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Drawdown Indicators
| EMUX.DE | IS3H.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.44% | -37.63% | -0.81% |
Max Drawdown (1Y)Largest decline over 1 year | -10.23% | -8.11% | -2.12% |
Max Drawdown (3Y)Largest decline over 3 years | -15.03% | -14.21% | -0.82% |
Max Drawdown (5Y)Largest decline over 5 years | -25.11% | -26.54% | +1.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.63% | — |
Current DrawdownCurrent decline from peak | -0.53% | -1.34% | +0.81% |
Average DrawdownAverage peak-to-trough decline | -5.35% | -6.35% | +1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 2.27% | +0.55% |
Volatility
EMUX.DE vs. IS3H.DE - Volatility Comparison
BNP Paribas Easy MSCI EMU ESG Filtered Min TE UCITS ETF (EMUX.DE) has a higher volatility of 4.57% compared to iShares MSCI EMU Mid Cap UCITS ETF (IS3H.DE) at 3.33%. This indicates that EMUX.DE's price experiences larger fluctuations and is considered to be riskier than IS3H.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMUX.DE | IS3H.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.57% | 3.33% | +1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 11.92% | 9.77% | +2.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.51% | 12.45% | +2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.23% | 15.31% | +0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.59% | 16.15% | +0.44% |
EMUX.DE vs. IS3H.DE - Expense Ratio Comparison
EMUX.DE has a 0.15% expense ratio, which is lower than IS3H.DE's 0.49% expense ratio.
Dividends
EMUX.DE vs. IS3H.DE - Dividend Comparison
Neither EMUX.DE nor IS3H.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.90, EMUX.DE and IS3H.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, EMUX.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMUX.DE is cheaper with a 0.15% expense ratio, compared with 0.49% for IS3H.DE.
EMUX.DE tracks MSCI EMU ESG Filtered Min TE, while IS3H.DE tracks MSCI EMU Mid Cap. They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.15% for EMUX.DE and 0.49% for IS3H.DE.
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