EUNI.DE vs. IS3N.DE
EUNI.DE (iShares MSCI Emerging Markets Small Cap UCITS ETF) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both Emerging Markets Equities funds from iShares - EUNI.DE tracks the MSCI Emerging Markets Small Cap while IS3N.DE tracks the MSCI Emerging Markets Investable Market (IMI). Both are passively managed. Over the past 10 years, EUNI.DE returned 8.99%/yr vs 10.00%/yr for IS3N.DE. Their correlation of 0.86 suggests significant overlap in exposure. EUNI.DE charges 0.74%/yr vs 0.18%/yr for IS3N.DE.
Performance
EUNI.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNI.DE achieves a 16.80% return, which is significantly lower than IS3N.DE's 25.82% return. Over the past 10 years, EUNI.DE has underperformed IS3N.DE with an annualized return of 8.99%, while IS3N.DE has yielded a comparatively higher 10.00% annualized return.
EUNI.DE
- 1D
- -0.41%
- 1M
- -0.02%
- YTD
- 16.80%
- 6M
- 15.58%
- 1Y
- 26.07%
- 3Y*
- 13.85%
- 5Y*
- 7.89%
- 10Y*
- 8.99%
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%
EUNI.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNI.DE iShares MSCI Emerging Markets Small Cap UCITS ETF | 16.80% | 6.21% | 8.18% | 19.10% | -13.60% | 28.84% | 7.23% | 14.66% | -16.19% | 18.31% |
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 EUNI.DE and IS3N.DE is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2014 | 0.86 |
The correlation between EUNI.DE and IS3N.DE has been stable across timeframes, ranging from 0.78 to 0.86 - a consistent structural relationship.
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Return for Risk
EUNI.DE vs. IS3N.DE — Risk / Return Rank
EUNI.DE
IS3N.DE
EUNI.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Small Cap UCITS ETF (EUNI.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.
| EUNI.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.49 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 4.42 | -1.20 |
| Martin ratioReturn relative to average drawdown | 10.53 | 16.00 | -5.48 |
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
| EUNI.DE | IS3N.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 2.69 | -1.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.53 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.55 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.44 | -0.03 |
Drawdowns
EUNI.DE vs. IS3N.DE - Drawdown Comparison
The maximum EUNI.DE drawdown since its inception was -41.89%, which is greater than IS3N.DE's maximum drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for EUNI.DE and IS3N.DE.
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Drawdown Indicators
| EUNI.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.89% | -35.06% | -6.83% |
Max Drawdown (1Y)Largest decline over 1 year | -7.95% | -10.52% | +2.57% |
Max Drawdown (3Y)Largest decline over 3 years | -21.15% | -19.17% | -1.98% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | -22.01% | +0.86% |
Max Drawdown (10Y)Largest decline over 10 years | -41.89% | -32.51% | -9.38% |
Current DrawdownCurrent decline from peak | -2.54% | -2.49% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -10.57% | -9.30% | -1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 2.91% | -0.47% |
Volatility
EUNI.DE vs. IS3N.DE - Volatility Comparison
iShares MSCI Emerging Markets Small Cap UCITS ETF (EUNI.DE) and iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) have volatilities of 6.91% and 7.16%, 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
| EUNI.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.91% | 7.16% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 14.01% | 14.69% | -0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.45% | 17.32% | -0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.21% | 16.19% | -0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 18.04% | -1.20% |
EUNI.DE vs. IS3N.DE - Expense Ratio Comparison
EUNI.DE has a 0.74% expense ratio, which is higher than IS3N.DE's 0.18% expense ratio.
Dividends
EUNI.DE vs. IS3N.DE - Dividend Comparison
EUNI.DE's dividend yield for the trailing twelve months is around 0.81%, while IS3N.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNI.DE iShares MSCI Emerging Markets Small Cap UCITS ETF | 0.81% | 1.83% | 1.74% | 2.11% | 2.47% | 1.23% | 1.77% | 2.02% | 2.14% | 1.45% | 2.00% | 0.85% |
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
EUNI.DE and IS3N.DE have a correlation of 0.84, 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 0.74% for EUNI.DE.
EUNI.DE tracks MSCI Emerging Markets Small Cap, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). Their fees differ too: 0.74% for EUNI.DE and 0.18% for IS3N.DE.
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