EUNR.DE vs. IS3N.DE
EUNR.DE (iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist)) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - EUNR.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corporate ex-Financials 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, EUNR.DE returned 0.82%/yr vs 10.37%/yr for IS3N.DE. At a 0.16 correlation, their price movements are largely independent. EUNR.DE charges 0.20%/yr vs 0.18%/yr for IS3N.DE.
Performance
EUNR.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNR.DE achieves a 1.25% return, which is significantly lower than IS3N.DE's 27.07% return. Over the past 10 years, EUNR.DE has underperformed IS3N.DE with an annualized return of 0.82%, while IS3N.DE has yielded a comparatively higher 10.37% annualized return.
EUNR.DE
- 1D
- 0.05%
- 1M
- 0.75%
- YTD
- 1.25%
- 6M
- 1.43%
- 1Y
- 2.33%
- 3Y*
- 4.19%
- 5Y*
- -0.11%
- 10Y*
- 0.82%
IS3N.DE
- 1D
- 0.37%
- 1M
- 1.92%
- YTD
- 27.07%
- 6M
- 28.58%
- 1Y
- 44.90%
- 3Y*
- 20.88%
- 5Y*
- 8.46%
- 10Y*
- 10.37%
EUNR.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNR.DE iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist) | 1.25% | 2.63% | 3.48% | 7.31% | -13.61% | -1.23% | 2.84% | 6.34% | -1.21% | 1.58% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 27.07% | 17.14% | 13.88% | 7.20% | -13.85% | 7.09% | 7.07% | 20.99% | -11.06% | 20.43% |
Correlation
The correlation between EUNR.DE and IS3N.DE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2014 | 0.16 |
Over the past year, EUNR.DE and IS3N.DE have become more correlated (0.42) than their long-term average of 0.16, meaning their price movements have been converging.
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Return for Risk
EUNR.DE vs. IS3N.DE — Risk / Return Rank
EUNR.DE
IS3N.DE
EUNR.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist) (EUNR.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.
| EUNR.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.65 | ||
| Sortino ratioReturn per unit of downside risk | -1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.44 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 4.25 | -3.37 |
| Martin ratioReturn relative to average drawdown | 2.87 | 14.62 | -11.75 |
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Drawdowns
EUNR.DE vs. IS3N.DE - Drawdown Comparison
The maximum EUNR.DE drawdown since its inception was -17.49%, smaller than the maximum IS3N.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for EUNR.DE and IS3N.DE.
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Drawdown Indicators
| EUNR.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.49% | -35.06% | +17.57% |
Max Drawdown (1Y)Largest decline over 1 year | -2.65% | -10.52% | +7.87% |
Max Drawdown (3Y)Largest decline over 3 years | -2.65% | -19.18% | +16.53% |
Max Drawdown (5Y)Largest decline over 5 years | -17.49% | -21.99% | +4.50% |
Max Drawdown (10Y)Largest decline over 10 years | -17.49% | -32.51% | +15.02% |
Current DrawdownCurrent decline from peak | -2.20% | -3.87% | +1.67% |
Average DrawdownAverage peak-to-trough decline | -3.26% | -9.24% | +5.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 3.06% | -2.25% |
Volatility
EUNR.DE vs. IS3N.DE - Volatility Comparison
The current volatility for iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist) (EUNR.DE) is 0.70%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 8.42%. This indicates that EUNR.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
| EUNR.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 8.42% | -7.72% |
Volatility (6M)Calculated over the trailing 6-month period | 2.71% | 16.42% | -13.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.12% | 18.65% | -15.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.58% | 16.53% | -11.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.54% | 18.14% | -13.60% |
EUNR.DE vs. IS3N.DE - Expense Ratio Comparison
EUNR.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
EUNR.DE vs. IS3N.DE - Dividend Comparison
EUNR.DE's dividend yield for the trailing twelve months is around 2.80%, while IS3N.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNR.DE iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist) | 2.80% | 2.65% | 2.25% | 1.50% | 0.90% | 0.81% | 0.88% | 1.25% | 1.35% | 1.42% | 1.84% | 1.03% |
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
EUNR.DE and IS3N.DE have a correlation of 0.42, 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 EUNR.DE.
EUNR.DE is categorized as European Corporate Bonds, while IS3N.DE is Emerging Markets Equities. EUNR.DE tracks Bloomberg Euro Corporate ex-Financials Bond, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). Their fees differ too: 0.20% for EUNR.DE and 0.18% for IS3N.DE.
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