IBCY.DE vs. IS3N.DE
IBCY.DE (iShares Edge MSCI USA Multifactor UCITS ETF) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - IBCY.DE is a Large Cap Blend Equities fund tracking the MSCI USA 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, IBCY.DE returned 11.22%/yr vs 10.00%/yr for IS3N.DE. A 0.59 correlation means they provide meaningful diversification when combined. IBCY.DE charges 0.35%/yr vs 0.18%/yr for IS3N.DE.
Performance
IBCY.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
Over the past 10 years, IBCY.DE has outperformed IS3N.DE with an annualized return of 11.22%, while IS3N.DE has yielded a comparatively lower 10.00% annualized return.
IBCY.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 13.35%
- 3Y*
- 13.97%
- 5Y*
- 10.27%
- 10Y*
- 11.22%
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%
IBCY.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCY.DE iShares Edge MSCI USA Multifactor UCITS ETF | 0.00% | 6.35% | 29.21% | 13.73% | -11.70% | 36.60% | 0.17% | 28.63% | -6.73% | 6.21% |
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 IBCY.DE and IS3N.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2015 | 0.59 |
Over the past year, the correlation between IBCY.DE and IS3N.DE has dropped to 0.25 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.
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Return for Risk
IBCY.DE vs. IS3N.DE — Risk / Return Rank
IBCY.DE
IS3N.DE
IBCY.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.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.
| IBCY.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.49 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.08 | 4.42 | -0.34 |
| Martin ratioReturn relative to average drawdown | 19.99 | 16.00 | +3.98 |
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
| IBCY.DE | IS3N.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 2.69 | -0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.53 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.55 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.44 | +0.20 |
Drawdowns
IBCY.DE vs. IS3N.DE - Drawdown Comparison
The maximum IBCY.DE drawdown since its inception was -35.54%, roughly equal to the maximum IS3N.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for IBCY.DE and IS3N.DE.
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Drawdown Indicators
| IBCY.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.54% | -35.06% | -0.48% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -10.52% | +7.26% |
Max Drawdown (3Y)Largest decline over 3 years | -22.91% | -19.17% | -3.74% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | -22.01% | -0.90% |
Max Drawdown (10Y)Largest decline over 10 years | -35.54% | -32.51% | -3.03% |
Current DrawdownCurrent decline from peak | 0.00% | -2.49% | +2.49% |
Average DrawdownAverage peak-to-trough decline | -4.95% | -9.30% | +4.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 2.91% | -2.24% |
Volatility
IBCY.DE vs. IS3N.DE - Volatility Comparison
The current volatility for iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.DE) is 0.00%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 7.16%. This indicates that IBCY.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
| IBCY.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 7.16% | -7.16% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 14.69% | -14.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.99% | 17.32% | -9.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.77% | 16.19% | -1.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 18.04% | -1.92% |
IBCY.DE vs. IS3N.DE - Expense Ratio Comparison
IBCY.DE has a 0.35% expense ratio, which is higher than IS3N.DE's 0.18% expense ratio.
Dividends
IBCY.DE vs. IS3N.DE - Dividend Comparison
Neither IBCY.DE nor IS3N.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCY.DE and IS3N.DE have a correlation of 0.25, 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 0.35% for IBCY.DE.
IBCY.DE is categorized as Large Cap Blend Equities, while IS3N.DE is Emerging Markets Equities. IBCY.DE tracks MSCI USA Diversified Multiple-Factor, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). Their fees differ too: 0.35% for IBCY.DE and 0.18% for IS3N.DE.
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