ESGM.DE vs. IBC3.DE
ESGM.DE (Invesco MSCI Emerging Markets ESG Universal Screened UCITS ETF Acc) and IBC3.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF) are both Emerging Markets Equities funds - ESGM.DE tracks the MSCI Emerging Markets ESG Universal Select Business Screens while IBC3.DE tracks the MSCI Emerging Markets Investable Market (IMI). Both are passively managed. Over the past 3 years, ESGM.DE returned 20.28%/yr vs 20.30%/yr for IBC3.DE. With a 0.98 correlation, they move nearly in lockstep. ESGM.DE charges 0.19%/yr vs 0.18%/yr for IBC3.DE.
Performance
ESGM.DE vs. IBC3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ESGM.DE achieves a 29.14% return, which is significantly higher than IBC3.DE's 25.91% return.
ESGM.DE
- 1D
- -1.89%
- 1M
- 5.25%
- YTD
- 29.14%
- 6M
- 30.08%
- 1Y
- 49.72%
- 3Y*
- 20.28%
- 5Y*
- —
- 10Y*
- —
IBC3.DE
- 1D
- -1.44%
- 1M
- 3.09%
- YTD
- 25.91%
- 6M
- 26.49%
- 1Y
- 46.24%
- 3Y*
- 20.30%
- 5Y*
- 8.85%
- 10Y*
- —
ESGM.DE vs. IBC3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ESGM.DE Invesco MSCI Emerging Markets ESG Universal Screened UCITS ETF Acc | 29.14% | 18.22% | 12.10% | 5.50% | -14.87% | -3.89% |
IBC3.DE iShares Core MSCI Emerging Markets IMI UCITS ETF | 25.91% | 17.59% | 14.06% | 7.48% | -13.80% | -2.89% |
Correlation
The correlation between ESGM.DE and IBC3.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2021 | 0.98 |
The correlation between ESGM.DE and IBC3.DE has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
ESGM.DE vs. IBC3.DE — Risk / Return Rank
ESGM.DE
IBC3.DE
ESGM.DE vs. IBC3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Emerging Markets ESG Universal Screened UCITS ETF Acc (ESGM.DE) and iShares Core MSCI Emerging Markets IMI UCITS ETF (IBC3.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.
| ESGM.DE | IBC3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.49 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.69 | 4.51 | +0.17 |
| Martin ratioReturn relative to average drawdown | 17.49 | 16.28 | +1.21 |
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
| ESGM.DE | IBC3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.75 | 2.71 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.47 | +0.01 |
Drawdowns
ESGM.DE vs. IBC3.DE - Drawdown Comparison
The maximum ESGM.DE drawdown since its inception was -23.67%, smaller than the maximum IBC3.DE drawdown of -31.89%. Use the drawdown chart below to compare losses from any high point for ESGM.DE and IBC3.DE.
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Drawdown Indicators
| ESGM.DE | IBC3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.67% | -31.89% | +8.22% |
Max Drawdown (1Y)Largest decline over 1 year | -10.81% | -10.42% | -0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -19.03% | -19.08% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.95% | — |
Current DrawdownCurrent decline from peak | -2.36% | -2.52% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -9.34% | -7.84% | -1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 2.89% | +0.01% |
Volatility
ESGM.DE vs. IBC3.DE - Volatility Comparison
Invesco MSCI Emerging Markets ESG Universal Screened UCITS ETF Acc (ESGM.DE) and iShares Core MSCI Emerging Markets IMI UCITS ETF (IBC3.DE) have volatilities of 7.41% and 7.06%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESGM.DE | IBC3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.41% | 7.06% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 15.79% | 14.60% | +1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.41% | 17.37% | +1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.02% | 16.23% | +0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.02% | 18.42% | -1.40% |
ESGM.DE vs. IBC3.DE - Expense Ratio Comparison
ESGM.DE has a 0.19% expense ratio, which is higher than IBC3.DE's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ESGM.DE vs. IBC3.DE - Dividend Comparison
ESGM.DE has not paid dividends to shareholders, while IBC3.DE's dividend yield for the trailing twelve months is around 1.88%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ESGM.DE Invesco MSCI Emerging Markets ESG Universal Screened UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBC3.DE iShares Core MSCI Emerging Markets IMI UCITS ETF | 1.88% | 2.26% | 2.44% | 2.69% | 3.36% | 2.18% | 2.09% | 2.56% | 2.08% |
Frequently Asked Questions
With a correlation of 0.96, ESGM.DE and IBC3.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, IBC3.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBC3.DE is cheaper with a 0.18% expense ratio, compared with 0.19% for ESGM.DE.
ESGM.DE tracks MSCI Emerging Markets ESG Universal Select Business Screens, while IBC3.DE tracks MSCI Emerging Markets Investable Market (IMI). They also come from different issuers: Invesco and iShares. Their fees differ too: 0.19% for ESGM.DE and 0.18% for IBC3.DE.
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