EUN4.DE vs. IS3N.DE
EUN4.DE (iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist)) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - EUN4.DE is a Total Bond Market fund tracking the Bloomberg MSCI Euro Aggregate Sustainable and Green Bond SRI 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 10 years, EUN4.DE returned -0.27%/yr vs 9.80%/yr for IS3N.DE. At a 0.05 correlation, their price movements are largely independent. EUN4.DE charges 0.16%/yr vs 0.18%/yr for IS3N.DE.
Performance
EUN4.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUN4.DE achieves a 0.84% return, which is significantly lower than IS3N.DE's 26.15% return. Over the past 10 years, EUN4.DE has underperformed IS3N.DE with an annualized return of -0.27%, while IS3N.DE has yielded a comparatively higher 9.80% annualized return.
EUN4.DE
- 1D
- -0.16%
- 1M
- 0.73%
- 6M
- 1.11%
- YTD
- 0.84%
- 1Y
- 1.04%
- 3Y*
- 3.14%
- 5Y*
- -1.71%
- 10Y*
- -0.27%
IS3N.DE
- 1D
- 2.11%
- 1M
- -1.18%
- 6M
- 22.85%
- YTD
- 26.15%
- 1Y
- 42.71%
- 3Y*
- 19.59%
- 5Y*
- 8.39%
- 10Y*
- 9.80%
EUN4.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUN4.DE iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist) | 0.84% | 1.17% | 2.19% | 6.63% | -16.91% | -2.91% | 3.84% | 5.77% | 0.29% | 0.21% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 26.15% | 17.14% | 13.88% | 7.20% | -13.85% | 7.09% | 7.07% | 20.99% | -11.06% | 20.43% |
Correlation
The correlation between EUN4.DE and IS3N.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2014 | 0.05 |
Over the past year, EUN4.DE and IS3N.DE have become more correlated (0.35) than their long-term average of 0.05, meaning their price movements have been converging.
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Return for Risk
EUN4.DE vs. IS3N.DE — Risk / Return Rank
EUN4.DE
IS3N.DE
EUN4.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist) (EUN4.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.
| EUN4.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.96 | ||
| Sortino ratioReturn per unit of downside risk | -2.55 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.40 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.32 | 4.04 | -3.72 |
| Martin ratioReturn relative to average drawdown | 0.85 | 13.47 | -12.62 |
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Drawdowns
EUN4.DE vs. IS3N.DE - Drawdown Comparison
The maximum EUN4.DE drawdown since its inception was -20.44%, smaller than the maximum IS3N.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for EUN4.DE and IS3N.DE.
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Drawdown Indicators
| EUN4.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.44% | -35.06% | +14.62% |
Max Drawdown (1Y)Largest decline over 1 year | -3.22% | -10.52% | +7.30% |
Max Drawdown (3Y)Largest decline over 3 years | -3.33% | -19.18% | +15.85% |
Max Drawdown (5Y)Largest decline over 5 years | -19.80% | -21.99% | +2.19% |
Max Drawdown (10Y)Largest decline over 10 years | -20.44% | -32.51% | +12.07% |
Current DrawdownCurrent decline from peak | -10.50% | -4.56% | -5.94% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -9.24% | +4.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 3.16% | -1.95% |
Volatility
EUN4.DE vs. IS3N.DE - Volatility Comparison
The current volatility for iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist) (EUN4.DE) is 0.80%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 8.89%. This indicates that EUN4.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
| EUN4.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.80% | 8.89% | -8.09% |
Volatility (6M)Calculated over the trailing 6-month period | 3.31% | 16.69% | -13.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.89% | 19.07% | -15.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.56% | 16.62% | -11.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.62% | 18.15% | -13.53% |
EUN4.DE vs. IS3N.DE - Expense Ratio Comparison
EUN4.DE has a 0.16% 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
EUN4.DE vs. IS3N.DE - Dividend Comparison
EUN4.DE's dividend yield for the trailing twelve months is around 2.46%, while IS3N.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUN4.DE iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist) | 2.46% | 2.34% | 1.93% | 1.15% | 0.62% | 0.47% | 0.62% | 0.89% | 1.04% | 1.15% | 1.32% | 0.74% |
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
EUN4.DE and IS3N.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUN4.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUN4.DE is cheaper with a 0.16% expense ratio, compared with 0.18% for IS3N.DE.
EUN4.DE is categorized as Total Bond Market, while IS3N.DE is Emerging Markets Equities. EUN4.DE tracks Bloomberg MSCI Euro Aggregate Sustainable and Green Bond SRI Index, while IS3N.DE tracks MSCI Emerging Markets Investable Market Index (IMI). Their fees differ too: 0.16% for EUN4.DE and 0.18% for IS3N.DE.
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