EXHD.DE vs. IS3N.DE
EXHD.DE (iShares eb.rexx Government Germany 5.5-10.5yr UCITS ETF (DE)) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - EXHD.DE is a European Government Bonds fund tracking the eb.rexx® Government Germany 5.5-10.5, 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, EXHD.DE returned -1.06%/yr vs 10.00%/yr for IS3N.DE. At a correlation of -0.06, they often move in opposite directions. EXHD.DE charges 0.16%/yr vs 0.18%/yr for IS3N.DE.
Performance
EXHD.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXHD.DE achieves a -0.51% return, which is significantly lower than IS3N.DE's 25.82% return. Over the past 10 years, EXHD.DE has underperformed IS3N.DE with an annualized return of -1.06%, while IS3N.DE has yielded a comparatively higher 10.00% annualized return.
EXHD.DE
- 1D
- 0.17%
- 1M
- -0.45%
- YTD
- -0.51%
- 6M
- -0.74%
- 1Y
- -0.85%
- 3Y*
- 1.05%
- 5Y*
- -2.82%
- 10Y*
- -1.06%
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%
EXHD.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXHD.DE iShares eb.rexx Government Germany 5.5-10.5yr UCITS ETF (DE) | -0.51% | -0.38% | -0.04% | 6.26% | -17.27% | -2.39% | 2.08% | 2.53% | 2.35% | -1.12% |
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 EXHD.DE and IS3N.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2014 | -0.06 |
The correlation between EXHD.DE and IS3N.DE shifts across timeframes, from -0.06 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EXHD.DE vs. IS3N.DE — Risk / Return Rank
EXHD.DE
IS3N.DE
EXHD.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares eb.rexx Government Germany 5.5-10.5yr UCITS ETF (DE) (EXHD.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.
| EXHD.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.00 | ||
| Sortino ratioReturn per unit of downside risk | -3.99 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.49 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 4.42 | -4.78 |
| Martin ratioReturn relative to average drawdown | -0.91 | 16.00 | -16.91 |
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
| EXHD.DE | IS3N.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.31 | 2.69 | -3.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.44 | 0.53 | -0.97 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.20 | 0.55 | -0.75 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.44 | -0.10 |
Drawdowns
EXHD.DE vs. IS3N.DE - Drawdown Comparison
The maximum EXHD.DE drawdown since its inception was -22.41%, smaller than the maximum IS3N.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for EXHD.DE and IS3N.DE.
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Drawdown Indicators
| EXHD.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.41% | -35.06% | +12.65% |
Max Drawdown (1Y)Largest decline over 1 year | -3.79% | -10.52% | +6.73% |
Max Drawdown (3Y)Largest decline over 3 years | -4.84% | -19.17% | +14.33% |
Max Drawdown (5Y)Largest decline over 5 years | -20.34% | -22.01% | +1.67% |
Max Drawdown (10Y)Largest decline over 10 years | -22.41% | -32.51% | +10.10% |
Current DrawdownCurrent decline from peak | -17.09% | -2.49% | -14.60% |
Average DrawdownAverage peak-to-trough decline | -5.58% | -9.30% | +3.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 2.91% | -1.43% |
Volatility
EXHD.DE vs. IS3N.DE - Volatility Comparison
The current volatility for iShares eb.rexx Government Germany 5.5-10.5yr UCITS ETF (DE) (EXHD.DE) is 1.99%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 7.16%. This indicates that EXHD.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
| EXHD.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 7.16% | -5.17% |
Volatility (6M)Calculated over the trailing 6-month period | 3.57% | 14.69% | -11.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.30% | 17.32% | -13.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.35% | 16.19% | -9.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.16% | 18.04% | -12.88% |
EXHD.DE vs. IS3N.DE - Expense Ratio Comparison
EXHD.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
EXHD.DE vs. IS3N.DE - Dividend Comparison
EXHD.DE's dividend yield for the trailing twelve months is around 1.37%, while IS3N.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXHD.DE iShares eb.rexx Government Germany 5.5-10.5yr UCITS ETF (DE) | 1.37% | 1.73% | 1.44% | 0.88% | 1.26% | 1.35% | 1.01% | 0.96% | 1.00% | 1.26% | 1.40% | 1.77% |
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
EXHD.DE and IS3N.DE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXHD.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXHD.DE is cheaper with a 0.16% expense ratio, compared with 0.18% for IS3N.DE.
EXHD.DE is categorized as European Government Bonds, while IS3N.DE is Emerging Markets Equities. EXHD.DE tracks eb.rexx® Government Germany 5.5-10.5, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). Their fees differ too: 0.16% for EXHD.DE and 0.18% for IS3N.DE.
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