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EXHF.DE vs. IS3N.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EXHF.DE vs. IS3N.DE

Last updated Jun 5, 2026

EXHF.DE (iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE)) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - EXHF.DE is a European Government Bonds fund tracking the iBoxx® EUR Liquid Sovereigns Capped 1.5-10.5, 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, EXHF.DE returned -0.22%/yr vs 10.00%/yr for IS3N.DE. At a 0.04 correlation, their price movements are largely independent. EXHF.DE charges 0.15%/yr vs 0.18%/yr for IS3N.DE.

Performance

EXHF.DE vs. IS3N.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE) (EXHF.DE) and iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EXHF.DE achieves a -0.61% return, which is significantly lower than IS3N.DE's 25.82% return. Over the past 10 years, EXHF.DE has underperformed IS3N.DE with an annualized return of -0.22%, while IS3N.DE has yielded a comparatively higher 10.00% annualized return.

EXHF.DE

1D
0.03%
1M
-0.63%
YTD
-0.61%
6M
-0.60%
1Y
0.03%
3Y*
2.53%
5Y*
-1.98%
10Y*
-0.22%

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EXHF.DE vs. IS3N.DE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EXHF.DE
iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE)		-0.61%1.93%1.59%7.50%-17.55%-2.72%3.54%5.31%0.83%0.06%
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 EXHF.DE and IS3N.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.29

Correlation (3Y)
Calculated over the trailing 3-year period

0.14

Correlation (5Y)
Calculated over the trailing 5-year period

0.07

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

0.05

Over the past year, EXHF.DE and IS3N.DE have become more correlated (0.29) than their long-term average of 0.04, meaning their price movements have been converging.

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iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE)

iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)

Often compared with EXHF.DE:
EXHF.DE vs. EXHB.DEEXHF.DE vs. XGEZ.DEEXHF.DE vs. SECD.DEEXHF.DE vs. DBXP.DEEXHF.DE vs. EL4S.DEEXHF.DE vs. EUNL.DEEXHF.DE vs. SXRV.DE
Often compared with IS3N.DE:
IS3N.DE vs. EUNM.DEIS3N.DE vs. EUNL.DEIS3N.DE vs. EEMIS3N.DE vs. VWCE.DEIS3N.DE vs. 5MVL.DEIS3N.DE vs. SXR8.DEIS3N.DE vs. SPY

Return for Risk

EXHF.DE vs. IS3N.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EXHF.DE
EXHF.DE Risk / Return Rank: 88
Overall Rank
EXHF.DE Sharpe Ratio Rank: 88
Sharpe Ratio Rank
EXHF.DE Sortino Ratio Rank: 77
Sortino Ratio Rank
EXHF.DE Omega Ratio Rank: 77
Omega Ratio Rank
EXHF.DE Calmar Ratio Rank: 88
Calmar Ratio Rank
EXHF.DE Martin Ratio Rank: 88
Martin Ratio Rank
IS3N.DE
IS3N.DE Risk / Return Rank: 8282
Overall Rank
IS3N.DE Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
IS3N.DE Sortino Ratio Rank: 8181
Sortino Ratio Rank
IS3N.DE Omega Ratio Rank: 8282
Omega Ratio Rank
IS3N.DE Calmar Ratio Rank: 8383
Calmar Ratio Rank
IS3N.DE Martin Ratio Rank: 8282
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EXHF.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE) (EXHF.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.

EXHF.DEIS3N.DEDifference
Sharpe ratioReturn per unit of total volatility
-0.09
2.69

-2.78

Sortino ratioReturn per unit of downside risk
-0.10
3.59

-3.69

Omega ratioGain probability vs. loss probability

0.99

1.49

-0.50

Calmar ratioReturn relative to maximum drawdown

-0.11

4.42

-4.53

Martin ratioReturn relative to average drawdown

-0.29

16.00

-16.29

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EXHF.DE vs. IS3N.DE - Sharpe Ratio Comparison

The current EXHF.DE Sharpe Ratio is -0.09, which is lower than the IS3N.DE Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of EXHF.DE and IS3N.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

EXHF.DEIS3N.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.09

2.69

-2.78

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.31

0.53

-0.84

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.04

0.55

-0.60

Sharpe Ratio (All Time)

Calculated using the full available price history

0.49

0.44

+0.05

Drawdowns

EXHF.DE vs. IS3N.DE - Drawdown Comparison

The maximum EXHF.DE drawdown since its inception was -20.75%, smaller than the maximum IS3N.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for EXHF.DE and IS3N.DE.

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Drawdown Indicators

EXHF.DEIS3N.DEDifference

Max Drawdown

Largest peak-to-trough decline

-20.75%

-35.06%

+14.31%

Max Drawdown (1Y)

Largest decline over 1 year

-3.59%

-10.52%

+6.93%

Max Drawdown (3Y)

Largest decline over 3 years

-3.59%

-19.17%

+15.58%

Max Drawdown (5Y)

Largest decline over 5 years

-20.48%

-22.01%

+1.53%

Max Drawdown (10Y)

Largest decline over 10 years

-20.75%

-32.51%

+11.76%

Current Drawdown

Current decline from peak

-11.58%

-2.49%

-9.09%

Average Drawdown

Average peak-to-trough decline

-4.35%

-9.30%

+4.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.30%

2.91%

-1.61%

Volatility

EXHF.DE vs. IS3N.DE - Volatility Comparison

The current volatility for iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE) (EXHF.DE) is 1.96%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 7.16%. This indicates that EXHF.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

EXHF.DEIS3N.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.96%

7.16%

-5.20%

Volatility (6M)

Calculated over the trailing 6-month period

3.59%

14.69%

-11.10%

Volatility (1Y)

Calculated over the trailing 1-year period

4.14%

17.32%

-13.18%

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

5.04%

18.04%

-13.00%

EXHF.DE vs. IS3N.DE - Expense Ratio Comparison

EXHF.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

EXHF.DE vs. IS3N.DE - Dividend Comparison

EXHF.DE's dividend yield for the trailing twelve months is around 1.61%, while IS3N.DE has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
EXHF.DE
iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE)		1.61%1.74%1.03%0.51%0.63%0.62%0.66%0.75%0.75%1.51%1.87%2.45%
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

EXHF.DE and IS3N.DE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, EXHF.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

EXHF.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for IS3N.DE.

EXHF.DE is categorized as European Government Bonds, while IS3N.DE is Emerging Markets Equities. EXHF.DE tracks iBoxx® EUR Liquid Sovereigns Capped 1.5-10.5, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). Their fees differ too: 0.15% for EXHF.DE and 0.18% for IS3N.DE.

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