EXS2.DE vs. IS3N.DE
EXS2.DE (iShares TecDAX UCITS ETF (DE)) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - EXS2.DE is a Europe Equities fund tracking the TecDAX®, 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, EXS2.DE returned 9.01%/yr vs 10.00%/yr for IS3N.DE. A 0.59 correlation means they provide meaningful diversification when combined. EXS2.DE charges 0.51%/yr vs 0.18%/yr for IS3N.DE.
Performance
EXS2.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXS2.DE achieves a 15.70% return, which is significantly lower than IS3N.DE's 25.82% return. Over the past 10 years, EXS2.DE has underperformed IS3N.DE with an annualized return of 9.01%, while IS3N.DE has yielded a comparatively higher 10.00% annualized return.
EXS2.DE
- 1D
- 0.52%
- 1M
- 10.51%
- YTD
- 15.70%
- 6M
- 16.91%
- 1Y
- 6.46%
- 3Y*
- 8.54%
- 5Y*
- 3.72%
- 10Y*
- 9.01%
IS3N.DE
- 1D
- -1.45%
- 1M
- 5.25%
- YTD
- 25.82%
- 6M
- 27.45%
- 1Y
- 46.76%
- 3Y*
- 19.99%
- 5Y*
- 8.61%
- 10Y*
- 10.00%
EXS2.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXS2.DE iShares TecDAX UCITS ETF (DE) | 15.70% | 5.33% | 1.63% | 13.54% | -26.00% | 21.07% | 6.12% | 22.25% | -3.77% | 39.90% |
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 EXS2.DE and IS3N.DE is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2014 | 0.59 |
The correlation between EXS2.DE and IS3N.DE has been stable across timeframes, ranging from 0.54 to 0.59 - a consistent structural relationship.
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Return for Risk
EXS2.DE vs. IS3N.DE — Risk / Return Rank
EXS2.DE
IS3N.DE
EXS2.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares TecDAX UCITS ETF (DE) (EXS2.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.
| EXS2.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.33 | ||
| Sortino ratioReturn per unit of downside risk | -2.95 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.49 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 4.42 | -4.02 |
| Martin ratioReturn relative to average drawdown | 0.80 | 16.00 | -15.21 |
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
| EXS2.DE | IS3N.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.36 | 2.69 | -2.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.53 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.55 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.44 | -0.30 |
Drawdowns
EXS2.DE vs. IS3N.DE - Drawdown Comparison
The maximum EXS2.DE drawdown since its inception was -84.49%, 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 EXS2.DE and IS3N.DE.
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Drawdown Indicators
| EXS2.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.49% | -35.06% | -49.43% |
Max Drawdown (1Y)Largest decline over 1 year | -16.12% | -10.52% | -5.60% |
Max Drawdown (3Y)Largest decline over 3 years | -17.93% | -19.17% | +1.24% |
Max Drawdown (5Y)Largest decline over 5 years | -34.97% | -22.01% | -12.96% |
Max Drawdown (10Y)Largest decline over 10 years | -34.97% | -32.51% | -2.46% |
Current DrawdownCurrent decline from peak | -0.81% | -2.49% | +1.68% |
Average DrawdownAverage peak-to-trough decline | -39.46% | -9.30% | -30.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.07% | 2.91% | +5.16% |
Volatility
EXS2.DE vs. IS3N.DE - Volatility Comparison
The current volatility for iShares TecDAX UCITS ETF (DE) (EXS2.DE) is 5.29%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 7.16%. This indicates that EXS2.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
| EXS2.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 7.16% | -1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 14.25% | 14.69% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.83% | 17.32% | +0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.80% | 16.19% | +2.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.47% | 18.04% | +1.43% |
EXS2.DE vs. IS3N.DE - Expense Ratio Comparison
EXS2.DE has a 0.51% expense ratio, which is higher than IS3N.DE's 0.18% expense ratio.
Dividends
EXS2.DE vs. IS3N.DE - Dividend Comparison
Neither EXS2.DE nor IS3N.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXS2.DE iShares TecDAX UCITS ETF (DE) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.15% | 0.25% | 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
EXS2.DE and IS3N.DE have a correlation of 0.58, 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 0.51% for EXS2.DE.
EXS2.DE is categorized as Europe Equities, while IS3N.DE is Emerging Markets Equities. EXS2.DE tracks TecDAX®, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). Their fees differ too: 0.51% for EXS2.DE and 0.18% for IS3N.DE.
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