ESIC.DE vs. IS3N.DE
ESIC.DE (iShares MSCI Europe Consumer Discretionary Sector UCITS ETF EUR (Acc)) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - ESIC.DE is a Consumer Discretionary Equities fund tracking the Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR, while IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market (IMI). Both are passively managed. Over the past 5 years, ESIC.DE returned -1.66%/yr vs 8.61%/yr for IS3N.DE. A 0.55 correlation means they provide meaningful diversification when combined. Both charge a 0.18% expense ratio.
Performance
ESIC.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ESIC.DE achieves a -10.78% return, which is significantly lower than IS3N.DE's 25.82% return.
ESIC.DE
- 1D
- 0.68%
- 1M
- 2.63%
- YTD
- -10.78%
- 6M
- -10.78%
- 1Y
- -5.07%
- 3Y*
- -2.86%
- 5Y*
- -1.66%
- 10Y*
- —
IS3N.DE
- 1D
- -1.45%
- 1M
- 3.11%
- YTD
- 25.82%
- 6M
- 26.34%
- 1Y
- 45.77%
- 3Y*
- 19.99%
- 5Y*
- 8.61%
- 10Y*
- 10.00%
ESIC.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ESIC.DE iShares MSCI Europe Consumer Discretionary Sector UCITS ETF EUR (Acc) | -10.78% | 2.15% | 3.33% | 15.39% | -16.17% | 22.22% | 6.48% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 25.82% | 17.14% | 13.87% | 7.20% | -14.09% | 7.38% | 4.16% |
Correlation
The correlation between ESIC.DE and IS3N.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2020 | 0.55 |
The correlation between ESIC.DE and IS3N.DE has been stable across timeframes, ranging from 0.46 to 0.55 - a consistent structural relationship.
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Return for Risk
ESIC.DE vs. IS3N.DE — Risk / Return Rank
ESIC.DE
IS3N.DE
ESIC.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Consumer Discretionary Sector UCITS ETF EUR (Acc) (ESIC.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.
| ESIC.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.98 | ||
| Sortino ratioReturn per unit of downside risk | -3.89 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.49 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 4.42 | -4.70 |
| Martin ratioReturn relative to average drawdown | -0.64 | 16.00 | -16.65 |
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
| ESIC.DE | IS3N.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.29 | 2.69 | -2.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 0.53 | -0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.44 | -0.29 |
Drawdowns
ESIC.DE vs. IS3N.DE - Drawdown Comparison
The maximum ESIC.DE drawdown since its inception was -29.95%, smaller than the maximum IS3N.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for ESIC.DE and IS3N.DE.
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Drawdown Indicators
| ESIC.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.95% | -35.06% | +5.11% |
Max Drawdown (1Y)Largest decline over 1 year | -20.53% | -10.52% | -10.01% |
Max Drawdown (3Y)Largest decline over 3 years | -26.54% | -19.17% | -7.37% |
Max Drawdown (5Y)Largest decline over 5 years | -29.95% | -22.01% | -7.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.51% | — |
Current DrawdownCurrent decline from peak | -18.75% | -2.49% | -16.26% |
Average DrawdownAverage peak-to-trough decline | -10.27% | -9.30% | -0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.77% | 2.91% | +5.86% |
Volatility
ESIC.DE vs. IS3N.DE - Volatility Comparison
The current volatility for iShares MSCI Europe Consumer Discretionary Sector UCITS ETF EUR (Acc) (ESIC.DE) is 5.70%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 7.16%. This indicates that ESIC.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
| ESIC.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.70% | 7.16% | -1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 15.38% | 14.69% | +0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.25% | 17.32% | +1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.99% | 16.19% | +4.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.54% | 18.04% | +2.50% |
ESIC.DE vs. IS3N.DE - Expense Ratio Comparison
Both ESIC.DE and IS3N.DE have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
ESIC.DE vs. IS3N.DE - Dividend Comparison
Neither ESIC.DE nor IS3N.DE has paid dividends to shareholders.
Frequently Asked Questions
ESIC.DE and IS3N.DE have a correlation of 0.46, 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 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ESIC.DE and IS3N.DE have the same expense ratio: 0.18% per year.
ESIC.DE is categorized as Consumer Discretionary Equities, while IS3N.DE is Emerging Markets Equities. ESIC.DE tracks Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI).
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