IEXA.DE vs. IS3N.DE
IEXA.DE (iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - IEXA.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corporate ex-Financials Bond, while IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market (IMI). Both are passively managed. Over the past 3 years, IEXA.DE returned 4.16%/yr vs 20.88%/yr for IS3N.DE. At a 0.21 correlation, their price movements are largely independent. IEXA.DE charges 0.20%/yr vs 0.18%/yr for IS3N.DE.
Performance
IEXA.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IEXA.DE achieves a 1.30% return, which is significantly lower than IS3N.DE's 27.07% return.
IEXA.DE
- 1D
- 0.00%
- 1M
- 0.74%
- YTD
- 1.30%
- 6M
- 1.48%
- 1Y
- 2.24%
- 3Y*
- 4.16%
- 5Y*
- —
- 10Y*
- —
IS3N.DE
- 1D
- 0.37%
- 1M
- 1.92%
- YTD
- 27.07%
- 6M
- 28.58%
- 1Y
- 44.90%
- 3Y*
- 20.88%
- 5Y*
- 8.46%
- 10Y*
- 10.37%
IEXA.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IEXA.DE iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc | 1.30% | 2.47% | 3.54% | 7.38% | -5.39% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 27.07% | 17.14% | 13.88% | 7.20% | -4.99% |
Correlation
The correlation between IEXA.DE and IS3N.DE is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since May 27, 2022 | 0.21 |
The correlation between IEXA.DE and IS3N.DE shifts across timeframes, from 0.21 (all time) to 0.37 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IEXA.DE vs. IS3N.DE — Risk / Return Rank
IEXA.DE
IS3N.DE
IEXA.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc (IEXA.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.
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.
| IEXA.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.71 | ||
| Sortino ratioReturn per unit of downside risk | -2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.44 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 4.25 | -3.37 |
| Martin ratioReturn relative to average drawdown | 2.79 | 14.62 | -11.83 |
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Drawdowns
IEXA.DE vs. IS3N.DE - Drawdown Comparison
The maximum IEXA.DE drawdown since its inception was -9.06%, smaller than the maximum IS3N.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for IEXA.DE and IS3N.DE.
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Drawdown Indicators
| IEXA.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.06% | -35.06% | +26.00% |
Max Drawdown (1Y)Largest decline over 1 year | -2.56% | -10.52% | +7.96% |
Max Drawdown (3Y)Largest decline over 3 years | -2.56% | -19.18% | +16.62% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.99% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.51% | — |
Current DrawdownCurrent decline from peak | 0.00% | -3.87% | +3.87% |
Average DrawdownAverage peak-to-trough decline | -2.24% | -9.24% | +7.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 3.06% | -2.26% |
Volatility
IEXA.DE vs. IS3N.DE - Volatility Comparison
The current volatility for iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc (IEXA.DE) is 0.78%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 8.42%. This indicates that IEXA.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
| IEXA.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 8.42% | -7.64% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 16.42% | -13.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.26% | 18.65% | -15.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.77% | 16.53% | -11.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.77% | 18.14% | -13.37% |
IEXA.DE vs. IS3N.DE - Expense Ratio Comparison
IEXA.DE has a 0.20% expense ratio, which is higher than IS3N.DE's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IEXA.DE vs. IS3N.DE - Dividend Comparison
Neither IEXA.DE nor IS3N.DE has paid dividends to shareholders.
Frequently Asked Questions
IEXA.DE and IS3N.DE have a correlation of 0.37, 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 0.20% for IEXA.DE.
IEXA.DE is categorized as European Corporate Bonds, while IS3N.DE is Emerging Markets Equities. IEXA.DE tracks Bloomberg Euro Corporate ex-Financials Bond, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). Their fees differ too: 0.20% for IEXA.DE and 0.18% for IS3N.DE.
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