IQQE.DE vs. IS3N.DE
IQQE.DE (iShares MSCI EM UCITS ETF (Dist)) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both Emerging Markets Equities funds from iShares - IQQE.DE tracks the MSCI Emerging Markets while IS3N.DE tracks the MSCI Emerging Markets Investable Market (IMI). Both are passively managed. Over the past 10 years, IQQE.DE returned 9.82%/yr vs 10.00%/yr for IS3N.DE. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.18% expense ratio.
Performance
IQQE.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IQQE.DE having a 27.09% return and IS3N.DE slightly lower at 25.82%. Both investments have delivered pretty close results over the past 10 years, with IQQE.DE having a 9.82% annualized return and IS3N.DE not far ahead at 10.00%.
IQQE.DE
- 1D
- -1.70%
- 1M
- 3.86%
- YTD
- 27.09%
- 6M
- 27.76%
- 1Y
- 48.91%
- 3Y*
- 20.70%
- 5Y*
- 8.39%
- 10Y*
- 9.82%
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%
IQQE.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IQQE.DE iShares MSCI EM UCITS ETF (Dist) | 27.09% | 19.76% | 13.75% | 5.63% | -14.17% | 4.20% | 7.47% | 20.26% | -11.31% | 19.90% |
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 IQQE.DE and IS3N.DE is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2014 | 0.99 |
The correlation between IQQE.DE and IS3N.DE has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
IQQE.DE vs. IS3N.DE — Risk / Return Rank
IQQE.DE
IS3N.DE
IQQE.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM UCITS ETF (Dist) (IQQE.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.
| IQQE.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.49 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.59 | 4.42 | +0.17 |
| Martin ratioReturn relative to average drawdown | 16.67 | 16.00 | +0.67 |
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
| IQQE.DE | IS3N.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.78 | 2.69 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.53 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.55 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.44 | -0.17 |
Drawdowns
IQQE.DE vs. IS3N.DE - Drawdown Comparison
The maximum IQQE.DE drawdown since its inception was -59.33%, 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 IQQE.DE and IS3N.DE.
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Drawdown Indicators
| IQQE.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.33% | -35.06% | -24.27% |
Max Drawdown (1Y)Largest decline over 1 year | -10.78% | -10.52% | -0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -19.41% | -19.17% | -0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -24.02% | -22.01% | -2.01% |
Max Drawdown (10Y)Largest decline over 10 years | -31.66% | -32.51% | +0.85% |
Current DrawdownCurrent decline from peak | -2.60% | -2.49% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -12.99% | -9.30% | -3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 2.91% | +0.07% |
Volatility
IQQE.DE vs. IS3N.DE - Volatility Comparison
iShares MSCI EM UCITS ETF (Dist) (IQQE.DE) and iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) have volatilities of 7.24% and 7.16%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IQQE.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.24% | 7.16% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 15.03% | 14.69% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.83% | 17.32% | +0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.78% | 16.19% | +0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.33% | 18.04% | +0.29% |
IQQE.DE vs. IS3N.DE - Expense Ratio Comparison
Both IQQE.DE and IS3N.DE have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IQQE.DE vs. IS3N.DE - Dividend Comparison
IQQE.DE's dividend yield for the trailing twelve months is around 1.49%, while IS3N.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQE.DE iShares MSCI EM UCITS ETF (Dist) | 1.49% | 1.87% | 2.19% | 2.34% | 2.91% | 1.99% | 1.53% | 1.75% | 1.94% | 1.42% | 1.83% | 2.22% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.99, IQQE.DE and IS3N.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IQQE.DE and IS3N.DE have the same expense ratio: 0.18% per year.
IQQE.DE tracks MSCI Emerging Markets, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI).
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