EUN3.DE vs. IS3N.DE
EUN3.DE (iShares Global Government Bond UCITS ETF USD (Dist)) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - EUN3.DE is a Global Bonds fund tracking the FTSE G7 Government Bond, while IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market (IMI). Both are passively managed. Over the past 10 years, EUN3.DE returned -1.20%/yr vs 10.00%/yr for IS3N.DE. At a 0.02 correlation, their price movements are largely independent. EUN3.DE charges 0.20%/yr vs 0.18%/yr for IS3N.DE.
Performance
EUN3.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUN3.DE achieves a -1.67% return, which is significantly lower than IS3N.DE's 25.82% return. Over the past 10 years, EUN3.DE has underperformed IS3N.DE with an annualized return of -1.20%, while IS3N.DE has yielded a comparatively higher 10.00% annualized return.
EUN3.DE
- 1D
- 0.03%
- 1M
- 0.35%
- YTD
- -1.67%
- 6M
- -2.34%
- 1Y
- -2.97%
- 3Y*
- -1.80%
- 5Y*
- -2.76%
- 10Y*
- -1.20%
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%
EUN3.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUN3.DE iShares Global Government Bond UCITS ETF USD (Dist) | -1.67% | -5.37% | 2.25% | 0.44% | -12.65% | 1.09% | -0.23% | 8.23% | 4.02% | -6.88% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 25.82% | 17.14% | 13.87% | 7.20% | -14.09% | 7.38% | 7.07% | 21.01% | -11.06% | 20.43% |
Correlation
The correlation between EUN3.DE and IS3N.DE is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2014 | 0.02 |
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Return for Risk
EUN3.DE vs. IS3N.DE — Risk / Return Rank
EUN3.DE
IS3N.DE
EUN3.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Government Bond UCITS ETF USD (Dist) (EUN3.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.
| EUN3.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.43 | ||
| Sortino ratioReturn per unit of downside risk | -4.54 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.49 | -0.60 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | 4.42 | -5.13 |
| Martin ratioReturn relative to average drawdown | -1.37 | 16.00 | -17.37 |
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
| EUN3.DE | IS3N.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.74 | 2.69 | -3.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.40 | 0.53 | -0.93 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.19 | 0.55 | -0.74 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.44 | -0.27 |
Drawdowns
EUN3.DE vs. IS3N.DE - Drawdown Comparison
The maximum EUN3.DE drawdown since its inception was -22.74%, smaller than the maximum IS3N.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for EUN3.DE and IS3N.DE.
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Drawdown Indicators
| EUN3.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.74% | -35.06% | +12.32% |
Max Drawdown (1Y)Largest decline over 1 year | -4.71% | -10.52% | +5.81% |
Max Drawdown (3Y)Largest decline over 3 years | -10.14% | -19.17% | +9.03% |
Max Drawdown (5Y)Largest decline over 5 years | -18.98% | -22.01% | +3.03% |
Max Drawdown (10Y)Largest decline over 10 years | -22.74% | -32.51% | +9.77% |
Current DrawdownCurrent decline from peak | -21.83% | -2.49% | -19.34% |
Average DrawdownAverage peak-to-trough decline | -9.52% | -9.30% | -0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 2.91% | -0.49% |
Volatility
EUN3.DE vs. IS3N.DE - Volatility Comparison
The current volatility for iShares Global Government Bond UCITS ETF USD (Dist) (EUN3.DE) is 1.12%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 7.16%. This indicates that EUN3.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
| EUN3.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 7.16% | -6.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.34% | 14.69% | -11.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.44% | 17.32% | -12.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.83% | 16.19% | -9.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.23% | 18.04% | -11.81% |
EUN3.DE vs. IS3N.DE - Expense Ratio Comparison
EUN3.DE has a 0.20% expense ratio, which is higher than IS3N.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
EUN3.DE vs. IS3N.DE - Dividend Comparison
EUN3.DE's dividend yield for the trailing twelve months is around 1.50%, while IS3N.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUN3.DE iShares Global Government Bond UCITS ETF USD (Dist) | 1.50% | 3.09% | 2.40% | 1.47% | 0.79% | 0.60% | 1.08% | 1.20% | 1.04% | 1.01% | 1.04% | 0.59% |
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% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUN3.DE and IS3N.DE have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3N.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3N.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for EUN3.DE.
EUN3.DE is categorized as Global Bonds, while IS3N.DE is Emerging Markets Equities. EUN3.DE tracks FTSE G7 Government Bond, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). Their fees differ too: 0.20% for EUN3.DE and 0.18% for IS3N.DE.
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