EUN9.DE vs. IS3N.DE
EUN9.DE (iShares Euro Government Bond 5-7yr UCITS ETF) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - EUN9.DE is a European Government Bonds fund tracking the Bloomberg Euro Government Bond 5-7, 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, EUN9.DE returned 0.08%/yr vs 10.00%/yr for IS3N.DE. At a 0.07 correlation, their price movements are largely independent. EUN9.DE charges 0.15%/yr vs 0.18%/yr for IS3N.DE.
Performance
EUN9.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUN9.DE achieves a -0.02% return, which is significantly lower than IS3N.DE's 25.82% return. Over the past 10 years, EUN9.DE has underperformed IS3N.DE with an annualized return of 0.08%, while IS3N.DE has yielded a comparatively higher 10.00% annualized return.
EUN9.DE
- 1D
- 0.08%
- 1M
- -0.03%
- YTD
- -0.02%
- 6M
- -0.02%
- 1Y
- 0.85%
- 3Y*
- 2.94%
- 5Y*
- -1.15%
- 10Y*
- 0.08%
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%
EUN9.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUN9.DE iShares Euro Government Bond 5-7yr UCITS ETF | -0.02% | 2.45% | 1.87% | 6.90% | -14.78% | -1.90% | 2.71% | 4.34% | 0.55% | 0.34% |
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 EUN9.DE and IS3N.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2014 | 0.07 |
Over the past year, EUN9.DE and IS3N.DE have become more correlated (0.33) than their long-term average of 0.07, meaning their price movements have been converging.
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Return for Risk
EUN9.DE vs. IS3N.DE — Risk / Return Rank
EUN9.DE
IS3N.DE
EUN9.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond 5-7yr UCITS ETF (EUN9.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.
| EUN9.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.59 | ||
| Sortino ratioReturn per unit of downside risk | -3.42 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.49 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | 0.12 | 4.42 | -4.31 |
| Martin ratioReturn relative to average drawdown | 0.33 | 16.00 | -15.67 |
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
| EUN9.DE | IS3N.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.10 | 2.69 | -2.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.21 | 0.53 | -0.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.02 | 0.55 | -0.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.44 | -0.09 |
Drawdowns
EUN9.DE vs. IS3N.DE - Drawdown Comparison
The maximum EUN9.DE drawdown since its inception was -17.43%, smaller than the maximum IS3N.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for EUN9.DE and IS3N.DE.
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Drawdown Indicators
| EUN9.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.43% | -35.06% | +17.63% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -10.52% | +7.10% |
Max Drawdown (3Y)Largest decline over 3 years | -3.42% | -19.17% | +15.75% |
Max Drawdown (5Y)Largest decline over 5 years | -17.35% | -22.01% | +4.66% |
Max Drawdown (10Y)Largest decline over 10 years | -17.43% | -32.51% | +15.08% |
Current DrawdownCurrent decline from peak | -7.00% | -2.49% | -4.51% |
Average DrawdownAverage peak-to-trough decline | -3.80% | -9.30% | +5.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 2.91% | -1.68% |
Volatility
EUN9.DE vs. IS3N.DE - Volatility Comparison
The current volatility for iShares Euro Government Bond 5-7yr UCITS ETF (EUN9.DE) is 1.57%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 7.16%. This indicates that EUN9.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
| EUN9.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 7.16% | -5.59% |
Volatility (6M)Calculated over the trailing 6-month period | 3.45% | 14.69% | -11.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.96% | 17.32% | -13.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.41% | 16.19% | -10.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.32% | 18.04% | -13.72% |
EUN9.DE vs. IS3N.DE - Expense Ratio Comparison
EUN9.DE has a 0.15% 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
EUN9.DE vs. IS3N.DE - Dividend Comparison
EUN9.DE's dividend yield for the trailing twelve months is around 2.66%, while IS3N.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUN9.DE iShares Euro Government Bond 5-7yr UCITS ETF | 2.66% | 2.66% | 2.53% | 0.86% | 0.00% | 0.00% | 0.14% | 0.49% | 0.35% | 0.23% | 0.53% | 0.36% |
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
EUN9.DE and IS3N.DE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUN9.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUN9.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for IS3N.DE.
EUN9.DE is categorized as European Government Bonds, while IS3N.DE is Emerging Markets Equities. EUN9.DE tracks Bloomberg Euro Government Bond 5-7, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). Their fees differ too: 0.15% for EUN9.DE and 0.18% for IS3N.DE.
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