IBC3.DE vs. ^GSPC
IBC3.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF) is Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market (IMI), while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, IBC3.DE returned 7.44%/yr vs 12.42%/yr for ^GSPC. At a 0.44 correlation, their price movements are largely independent.
Performance
IBC3.DE vs. ^GSPC - Performance Comparison
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Different Trading Currencies
IBC3.DE is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IBC3.DE achieves a 19.60% return, which is significantly higher than ^GSPC's 12.95% return.
IBC3.DE
- 1D
- -0.48%
- 1M
- -5.80%
- 6M
- 12.05%
- YTD
- 19.60%
- 1Y
- 32.30%
- 3Y*
- 18.04%
- 5Y*
- 7.44%
- 10Y*
- —
^GSPC
- 1D
- 0.00%
- 1M
- 2.03%
- 6M
- 10.02%
- YTD
- 12.95%
- 1Y
- 21.20%
- 3Y*
- 17.51%
- 5Y*
- 12.42%
- 10Y*
- 12.86%
IBC3.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IBC3.DE iShares Core MSCI Emerging Markets IMI UCITS ETF | 19.60% | 17.06% | 13.96% | 7.10% | -13.77% | 6.90% | 7.20% | 21.13% | -27.74% |
^GSPC S&P 500 Index | 11.87% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 6.68% | 31.79% | -0.87% |
Correlation
The correlation between IBC3.DE and ^GSPC is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2018 | 0.44 |
Over the past year, IBC3.DE and ^GSPC have become more correlated (0.66) than their long-term average of 0.44, meaning their price movements have been converging.
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Return for Risk
IBC3.DE vs. ^GSPC — Risk / Return Rank
IBC3.DE
^GSPC
IBC3.DE vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Emerging Markets IMI UCITS ETF (IBC3.DE) and S&P 500 Index (^GSPC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IBC3.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.31 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.96 | 2.81 | +0.14 |
| Martin ratioReturn relative to average drawdown | 8.92 | 10.39 | -1.48 |
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Drawdowns
IBC3.DE vs. ^GSPC - Drawdown Comparison
The maximum IBC3.DE drawdown since its inception was -40.21%, smaller than the maximum ^GSPC drawdown of -50.84%. Use the drawdown chart below to compare losses from any high point for IBC3.DE and ^GSPC.
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Drawdown Indicators
| IBC3.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.21% | -50.84% | +10.63% |
Max Drawdown (1Y)Largest decline over 1 year | -10.87% | -7.57% | -3.30% |
Max Drawdown (3Y)Largest decline over 3 years | -19.06% | -23.99% | +4.93% |
Max Drawdown (5Y)Largest decline over 5 years | -22.10% | -23.99% | +1.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.42% | — |
Current DrawdownCurrent decline from peak | -10.06% | -0.80% | -9.26% |
Average DrawdownAverage peak-to-trough decline | -12.90% | -8.77% | -4.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 2.05% | +1.56% |
Volatility
IBC3.DE vs. ^GSPC - Volatility Comparison
iShares Core MSCI Emerging Markets IMI UCITS ETF (IBC3.DE) has a higher volatility of 8.55% compared to S&P 500 Index (^GSPC) at 2.61%. This indicates that IBC3.DE's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBC3.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.55% | 2.61% | +5.94% |
Volatility (6M)Calculated over the trailing 6-month period | 19.51% | 9.16% | +10.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.83% | 12.61% | +9.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.38% | 16.84% | +0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.02% | 18.60% | +1.42% |
Frequently Asked Questions
IBC3.DE and ^GSPC have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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