EXSE.DE vs. IS3N.DE
EXSE.DE (iShares STOXX Europe Small 200 UCITS ETF (DE)) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - EXSE.DE is a Europe Equities fund tracking the STOXX® Europe Small 200, 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, EXSE.DE returned 7.21%/yr vs 10.00%/yr for IS3N.DE. A 0.64 correlation means they provide meaningful diversification when combined. EXSE.DE charges 0.20%/yr vs 0.18%/yr for IS3N.DE.
Performance
EXSE.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXSE.DE achieves a 7.33% return, which is significantly lower than IS3N.DE's 25.82% return. Over the past 10 years, EXSE.DE has underperformed IS3N.DE with an annualized return of 7.21%, while IS3N.DE has yielded a comparatively higher 10.00% annualized return.
EXSE.DE
- 1D
- 0.55%
- 1M
- 1.10%
- YTD
- 7.33%
- 6M
- 10.98%
- 1Y
- 15.08%
- 3Y*
- 11.63%
- 5Y*
- 3.52%
- 10Y*
- 7.21%
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%
EXSE.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXSE.DE iShares STOXX Europe Small 200 UCITS ETF (DE) | 7.33% | 18.59% | 3.15% | 12.44% | -23.69% | 22.14% | 4.50% | 30.93% | -13.60% | 17.93% |
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 EXSE.DE and IS3N.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2014 | 0.64 |
The correlation between EXSE.DE and IS3N.DE has been stable across timeframes, ranging from 0.55 to 0.64 - a consistent structural relationship.
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Return for Risk
EXSE.DE vs. IS3N.DE — Risk / Return Rank
EXSE.DE
IS3N.DE
EXSE.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe Small 200 UCITS ETF (DE) (EXSE.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.
| EXSE.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -1.90 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.49 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 4.42 | -2.94 |
| Martin ratioReturn relative to average drawdown | 5.48 | 16.00 | -10.53 |
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
| EXSE.DE | IS3N.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 2.69 | -1.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.53 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.55 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.44 | -0.04 |
Drawdowns
EXSE.DE vs. IS3N.DE - Drawdown Comparison
The maximum EXSE.DE drawdown since its inception was -62.51%, 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 EXSE.DE and IS3N.DE.
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Drawdown Indicators
| EXSE.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.51% | -35.06% | -27.45% |
Max Drawdown (1Y)Largest decline over 1 year | -10.36% | -10.52% | +0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -15.61% | -19.17% | +3.56% |
Max Drawdown (5Y)Largest decline over 5 years | -35.13% | -22.01% | -13.12% |
Max Drawdown (10Y)Largest decline over 10 years | -38.03% | -32.51% | -5.52% |
Current DrawdownCurrent decline from peak | -1.14% | -2.49% | +1.35% |
Average DrawdownAverage peak-to-trough decline | -12.96% | -9.30% | -3.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 2.91% | -0.09% |
Volatility
EXSE.DE vs. IS3N.DE - Volatility Comparison
The current volatility for iShares STOXX Europe Small 200 UCITS ETF (DE) (EXSE.DE) is 3.72%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 7.16%. This indicates that EXSE.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
| EXSE.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.72% | 7.16% | -3.44% |
Volatility (6M)Calculated over the trailing 6-month period | 10.87% | 14.69% | -3.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.33% | 17.32% | -3.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.91% | 16.19% | +0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.34% | 18.04% | -0.70% |
EXSE.DE vs. IS3N.DE - Expense Ratio Comparison
EXSE.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
EXSE.DE vs. IS3N.DE - Dividend Comparison
EXSE.DE's dividend yield for the trailing twelve months is around 2.67%, while IS3N.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXSE.DE iShares STOXX Europe Small 200 UCITS ETF (DE) | 2.67% | 2.91% | 2.58% | 2.29% | 2.59% | 1.43% | 1.25% | 2.13% | 2.59% | 3.45% | 2.83% | 2.87% |
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
EXSE.DE and IS3N.DE have a correlation of 0.55, 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 EXSE.DE.
EXSE.DE is categorized as Europe Equities, while IS3N.DE is Emerging Markets Equities. EXSE.DE tracks STOXX® Europe Small 200, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). Their fees differ too: 0.20% for EXSE.DE and 0.18% for IS3N.DE.
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