IBC0.DE vs. IS3N.DE
IBC0.DE (iShares Edge MSCI Europe Multifactor UCITS ETF) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - IBC0.DE is a Europe Equities fund tracking the MSCI Europe Diversified Multiple-Factor, 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, IBC0.DE returned 9.77%/yr vs 10.00%/yr for IS3N.DE. A 0.58 correlation means they provide meaningful diversification when combined. IBC0.DE charges 0.45%/yr vs 0.18%/yr for IS3N.DE.
Performance
IBC0.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBC0.DE achieves a 9.99% 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 IBC0.DE having a 9.77% annualized return and IS3N.DE not far ahead at 10.00%.
IBC0.DE
- 1D
- 0.63%
- 1M
- 0.47%
- YTD
- 9.99%
- 6M
- 13.20%
- 1Y
- 19.89%
- 3Y*
- 18.33%
- 5Y*
- 10.54%
- 10Y*
- 9.77%
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%
IBC0.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBC0.DE iShares Edge MSCI Europe Multifactor UCITS ETF | 9.99% | 21.49% | 14.29% | 19.19% | -15.94% | 26.76% | -0.55% | 26.28% | -11.58% | 12.21% |
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 IBC0.DE and IS3N.DE is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2015 | 0.58 |
The correlation between IBC0.DE and IS3N.DE has been stable across timeframes, ranging from 0.53 to 0.61 - a consistent structural relationship.
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Return for Risk
IBC0.DE vs. IS3N.DE — Risk / Return Rank
IBC0.DE
IS3N.DE
IBC0.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Multifactor UCITS ETF (IBC0.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.
| IBC0.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.49 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 4.42 | -1.86 |
| Martin ratioReturn relative to average drawdown | 9.54 | 16.00 | -6.47 |
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
| IBC0.DE | IS3N.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 2.69 | -1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.53 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.55 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.44 | +0.15 |
Drawdowns
IBC0.DE vs. IS3N.DE - Drawdown Comparison
The maximum IBC0.DE drawdown since its inception was -37.22%, 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 IBC0.DE and IS3N.DE.
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Drawdown Indicators
| IBC0.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.22% | -35.06% | -2.16% |
Max Drawdown (1Y)Largest decline over 1 year | -7.87% | -10.52% | +2.65% |
Max Drawdown (3Y)Largest decline over 3 years | -15.28% | -19.17% | +3.89% |
Max Drawdown (5Y)Largest decline over 5 years | -24.64% | -22.01% | -2.63% |
Max Drawdown (10Y)Largest decline over 10 years | -37.22% | -32.51% | -4.71% |
Current DrawdownCurrent decline from peak | -1.53% | -2.49% | +0.96% |
Average DrawdownAverage peak-to-trough decline | -5.79% | -9.30% | +3.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 2.91% | -0.79% |
Volatility
IBC0.DE vs. IS3N.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Multifactor UCITS ETF (IBC0.DE) is 4.25%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 7.16%. This indicates that IBC0.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
| IBC0.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 7.16% | -2.91% |
Volatility (6M)Calculated over the trailing 6-month period | 10.49% | 14.69% | -4.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.68% | 17.32% | -4.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.81% | 16.19% | -1.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.32% | 18.04% | -1.72% |
IBC0.DE vs. IS3N.DE - Expense Ratio Comparison
IBC0.DE has a 0.45% expense ratio, which is higher than IS3N.DE's 0.18% expense ratio.
Dividends
IBC0.DE vs. IS3N.DE - Dividend Comparison
Neither IBC0.DE nor IS3N.DE has paid dividends to shareholders.
Frequently Asked Questions
IBC0.DE and IS3N.DE have a correlation of 0.57, 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 0.45% for IBC0.DE.
IBC0.DE is categorized as Europe Equities, while IS3N.DE is Emerging Markets Equities. IBC0.DE tracks MSCI Europe Diversified Multiple-Factor, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). Their fees differ too: 0.45% for IBC0.DE and 0.18% for IS3N.DE.
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