IBC3.DE vs. EHDL.DE
IBC3.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF) and EHDL.DE (Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF) are both Emerging Markets Equities funds - IBC3.DE tracks the MSCI Emerging Markets Investable Market (IMI) while EHDL.DE tracks the FTSE Emerging High Dividend Low Volatility Index. Both are passively managed. Over the past 5 years, IBC3.DE returned 7.44%/yr vs 7.13%/yr for EHDL.DE. A 0.69 correlation means they provide meaningful diversification when combined. IBC3.DE charges 0.18%/yr vs 0.49%/yr for EHDL.DE.
Performance
IBC3.DE vs. EHDL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBC3.DE achieves a 19.60% return, which is significantly higher than EHDL.DE's 12.16% 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*
- —
EHDL.DE
- 1D
- 0.63%
- 1M
- 2.53%
- 6M
- 7.80%
- YTD
- 12.16%
- 1Y
- 22.69%
- 3Y*
- 13.73%
- 5Y*
- 7.13%
- 10Y*
- 6.03%
IBC3.DE vs. EHDL.DE - 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% |
EHDL.DE Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF | 12.16% | 12.82% | 8.32% | 6.17% | -10.93% | 22.11% | -15.54% | 19.11% | -4.08% |
Correlation
The correlation between IBC3.DE and EHDL.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2018 | 0.69 |
Over the past year, the correlation between IBC3.DE and EHDL.DE has dropped to 0.48 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.
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Return for Risk
IBC3.DE vs. EHDL.DE — Risk / Return Rank
IBC3.DE
EHDL.DE
IBC3.DE vs. EHDL.DE - 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 Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF (EHDL.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.
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 | EHDL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.36 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.96 | 4.29 | -1.33 |
| Martin ratioReturn relative to average drawdown | 8.92 | 11.28 | -2.36 |
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Drawdowns
IBC3.DE vs. EHDL.DE - Drawdown Comparison
The maximum IBC3.DE drawdown since its inception was -40.21%, which is greater than EHDL.DE's maximum drawdown of -36.13%. Use the drawdown chart below to compare losses from any high point for IBC3.DE and EHDL.DE.
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Drawdown Indicators
| IBC3.DE | EHDL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.21% | -36.13% | -4.08% |
Max Drawdown (1Y)Largest decline over 1 year | -10.87% | -5.26% | -5.61% |
Max Drawdown (3Y)Largest decline over 3 years | -19.06% | -14.85% | -4.21% |
Max Drawdown (5Y)Largest decline over 5 years | -22.10% | -18.80% | -3.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.13% | — |
Current DrawdownCurrent decline from peak | -10.06% | -1.03% | -9.03% |
Average DrawdownAverage peak-to-trough decline | -12.90% | -9.08% | -3.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 2.01% | +1.60% |
Volatility
IBC3.DE vs. EHDL.DE - Volatility Comparison
iShares Core MSCI Emerging Markets IMI UCITS ETF (IBC3.DE) has a higher volatility of 8.55% compared to Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF (EHDL.DE) at 3.05%. This indicates that IBC3.DE's price experiences larger fluctuations and is considered to be riskier than EHDL.DE 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 | EHDL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.55% | 3.05% | +5.50% |
Volatility (6M)Calculated over the trailing 6-month period | 19.51% | 8.07% | +11.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.83% | 11.36% | +10.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.38% | 13.60% | +3.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.02% | 17.99% | +2.03% |
IBC3.DE vs. EHDL.DE - Expense Ratio Comparison
IBC3.DE has a 0.18% expense ratio, which is lower than EHDL.DE's 0.49% expense ratio.
Dividends
IBC3.DE vs. EHDL.DE - Dividend Comparison
IBC3.DE's dividend yield for the trailing twelve months is around 1.69%, less than EHDL.DE's 4.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EHDL.DE Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF | 4.74% | 5.27% | 5.58% | 6.15% | 9.20% | 5.91% | 4.28% | 5.04% | 5.45% | 5.14% | 2.24% |
IBC3.DE iShares Core MSCI Emerging Markets IMI UCITS ETF | 1.69% | 1.97% | 2.22% | 2.52% | 3.25% | 1.84% | 1.81% | 2.30% | 1.79% | 0.00% | 0.00% |
Frequently Asked Questions
IBC3.DE and EHDL.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBC3.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBC3.DE is cheaper with a 0.18% expense ratio, compared with 0.49% for EHDL.DE.
IBC3.DE tracks MSCI Emerging Markets Investable Market (IMI), while EHDL.DE tracks FTSE Emerging High Dividend Low Volatility Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.18% for IBC3.DE and 0.49% for EHDL.DE.
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