GMVM.DE vs. IS3N.DE
GMVM.DE (VanEck Morningstar US Sustainable Wide Moat UCITS ETF) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - GMVM.DE is a Large Cap Blend Equities fund tracking the Morningstar US Sustainable Moat Focus, 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, GMVM.DE returned 10.29%/yr vs 10.00%/yr for IS3N.DE. A 0.58 correlation means they provide meaningful diversification when combined. GMVM.DE charges 0.49%/yr vs 0.18%/yr for IS3N.DE.
Performance
GMVM.DE vs. IS3N.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GMVM.DE achieves a -1.57% return, which is significantly lower than IS3N.DE's 25.82% return. Both investments have delivered pretty close results over the past 10 years, with GMVM.DE having a 10.29% annualized return and IS3N.DE not far behind at 10.00%.
GMVM.DE
- 1D
- 0.97%
- 1M
- 2.94%
- YTD
- -1.57%
- 6M
- -3.00%
- 1Y
- 6.57%
- 3Y*
- 5.24%
- 5Y*
- 4.14%
- 10Y*
- 10.29%
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%
GMVM.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GMVM.DE VanEck Morningstar US Sustainable Wide Moat UCITS ETF | -1.57% | -4.56% | 17.59% | 14.37% | -14.38% | 36.91% | 2.73% | 38.45% | 2.27% | 7.97% |
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 GMVM.DE and IS3N.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2015 | 0.58 |
The correlation between GMVM.DE and IS3N.DE shifts across timeframes, from 0.46 (1 year) to 0.58 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GMVM.DE vs. IS3N.DE — Risk / Return Rank
GMVM.DE
IS3N.DE
GMVM.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar US Sustainable Wide Moat UCITS ETF (GMVM.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.
| GMVM.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.21 | ||
| Sortino ratioReturn per unit of downside risk | -2.80 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.49 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | 4.42 | -3.84 |
| Martin ratioReturn relative to average drawdown | 1.37 | 16.00 | -14.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| GMVM.DE | IS3N.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 2.69 | -2.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.53 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.55 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.44 | +0.18 |
Drawdowns
GMVM.DE vs. IS3N.DE - Drawdown Comparison
The maximum GMVM.DE drawdown since its inception was -32.25%, smaller than the maximum IS3N.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for GMVM.DE and IS3N.DE.
Loading charts...
Drawdown Indicators
| GMVM.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.25% | -35.06% | +2.81% |
Max Drawdown (1Y)Largest decline over 1 year | -11.00% | -10.52% | -0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -25.74% | -19.17% | -6.57% |
Max Drawdown (5Y)Largest decline over 5 years | -25.74% | -22.01% | -3.73% |
Max Drawdown (10Y)Largest decline over 10 years | -32.25% | -32.51% | +0.26% |
Current DrawdownCurrent decline from peak | -10.18% | -2.49% | -7.69% |
Average DrawdownAverage peak-to-trough decline | -5.85% | -9.30% | +3.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.69% | 2.91% | +1.78% |
Volatility
GMVM.DE vs. IS3N.DE - Volatility Comparison
The current volatility for VanEck Morningstar US Sustainable Wide Moat UCITS ETF (GMVM.DE) is 3.23%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 7.16%. This indicates that GMVM.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.
Loading charts...
Volatility by Period
| GMVM.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.23% | 7.16% | -3.93% |
Volatility (6M)Calculated over the trailing 6-month period | 8.82% | 14.69% | -5.87% |
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 | 15.26% | 16.19% | -0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.54% | 18.04% | -1.50% |
GMVM.DE vs. IS3N.DE - Expense Ratio Comparison
GMVM.DE has a 0.49% expense ratio, which is higher than IS3N.DE's 0.18% expense ratio.
Dividends
GMVM.DE vs. IS3N.DE - Dividend Comparison
Neither GMVM.DE nor IS3N.DE has paid dividends to shareholders.
Frequently Asked Questions
GMVM.DE and IS3N.DE have a correlation of 0.46, 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 0.49% for GMVM.DE.
GMVM.DE is categorized as Large Cap Blend Equities, while IS3N.DE is Emerging Markets Equities. GMVM.DE tracks Morningstar US Sustainable Moat Focus, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). They also come from different issuers: VanEck and iShares. Their fees differ too: 0.49% for GMVM.DE and 0.18% for IS3N.DE.
Find the right allocation for GMVM.DE and IS3N.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer