EXXY.DE vs. IS3N.DE
EXXY.DE (iShares Diversified Commodity Swap UCITS ETF (DE)) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - EXXY.DE is a Commodities fund tracking the Bloomberg Commodity, 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, EXXY.DE returned 5.66%/yr vs 10.00%/yr for IS3N.DE. At a 0.34 correlation, their price movements are largely independent. EXXY.DE charges 0.46%/yr vs 0.18%/yr for IS3N.DE.
Performance
EXXY.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXXY.DE achieves a 23.43% return, which is significantly lower than IS3N.DE's 25.82% return. Over the past 10 years, EXXY.DE has underperformed IS3N.DE with an annualized return of 5.66%, while IS3N.DE has yielded a comparatively higher 10.00% annualized return.
EXXY.DE
- 1D
- -1.47%
- 1M
- -3.12%
- YTD
- 23.43%
- 6M
- 24.08%
- 1Y
- 33.97%
- 3Y*
- 11.64%
- 5Y*
- 11.46%
- 10Y*
- 5.66%
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%
EXXY.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXXY.DE iShares Diversified Commodity Swap UCITS ETF (DE) | 23.43% | 3.90% | 10.13% | -10.90% | 21.43% | 38.49% | -14.34% | 8.73% | -6.18% | -12.20% |
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 EXXY.DE and IS3N.DE is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2014 | 0.34 |
The correlation between EXXY.DE and IS3N.DE shifts across timeframes, from -0.03 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EXXY.DE vs. IS3N.DE — Risk / Return Rank
EXXY.DE
IS3N.DE
EXXY.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (DE) (EXXY.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.
| EXXY.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.49 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 4.42 | -0.65 |
| Martin ratioReturn relative to average drawdown | 8.41 | 16.00 | -7.59 |
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
| EXXY.DE | IS3N.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.78 | 2.69 | -0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.53 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.55 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.44 | -0.42 |
Drawdowns
EXXY.DE vs. IS3N.DE - Drawdown Comparison
The maximum EXXY.DE drawdown since its inception was -65.58%, 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 EXXY.DE and IS3N.DE.
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Drawdown Indicators
| EXXY.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.58% | -35.06% | -30.52% |
Max Drawdown (1Y)Largest decline over 1 year | -8.95% | -10.52% | +1.57% |
Max Drawdown (3Y)Largest decline over 3 years | -16.31% | -19.17% | +2.86% |
Max Drawdown (5Y)Largest decline over 5 years | -28.03% | -22.01% | -6.02% |
Max Drawdown (10Y)Largest decline over 10 years | -33.54% | -32.51% | -1.03% |
Current DrawdownCurrent decline from peak | -16.97% | -2.49% | -14.48% |
Average DrawdownAverage peak-to-trough decline | -40.08% | -9.30% | -30.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.03% | 2.91% | +1.12% |
Volatility
EXXY.DE vs. IS3N.DE - Volatility Comparison
The current volatility for iShares Diversified Commodity Swap UCITS ETF (DE) (EXXY.DE) is 5.99%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 7.16%. This indicates that EXXY.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
| EXXY.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 7.16% | -1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 16.80% | 14.69% | +2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.98% | 17.32% | +1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.55% | 16.19% | +1.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.32% | 18.04% | -2.72% |
EXXY.DE vs. IS3N.DE - Expense Ratio Comparison
EXXY.DE has a 0.46% expense ratio, which is higher than IS3N.DE's 0.18% expense ratio.
Dividends
EXXY.DE vs. IS3N.DE - Dividend Comparison
Neither EXXY.DE nor IS3N.DE has paid dividends to shareholders.
Frequently Asked Questions
EXXY.DE and IS3N.DE have a correlation of -0.03, 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 0.46% for EXXY.DE.
EXXY.DE is categorized as Commodities, while IS3N.DE is Emerging Markets Equities. EXXY.DE tracks Bloomberg Commodity, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). Their fees differ too: 0.46% for EXXY.DE and 0.18% for IS3N.DE.
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