IS04.DE vs. IS3N.DE
IS04.DE (iShares USD Treasury Bond 20+yr UCITS ETF (Dist)) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - IS04.DE is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index, 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, IS04.DE returned -1.74%/yr vs 10.00%/yr for IS3N.DE. At a correlation of -0.06, they often move in opposite directions. IS04.DE charges 0.07%/yr vs 0.18%/yr for IS3N.DE.
Performance
IS04.DE vs. IS3N.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IS04.DE achieves a 0.81% return, which is significantly lower than IS3N.DE's 25.82% return. Over the past 10 years, IS04.DE has underperformed IS3N.DE with an annualized return of -1.74%, while IS3N.DE has yielded a comparatively higher 10.00% annualized return.
IS04.DE
- 1D
- 0.41%
- 1M
- 0.97%
- YTD
- 0.81%
- 6M
- -0.32%
- 1Y
- 2.27%
- 3Y*
- -4.20%
- 5Y*
- -5.21%
- 10Y*
- -1.74%
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%
IS04.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS04.DE iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | 0.81% | -6.95% | -2.51% | -1.21% | -26.01% | 3.49% | 6.49% | 18.18% | 2.70% | -4.33% |
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 IS04.DE and IS3N.DE is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2015 | -0.06 |
The correlation between IS04.DE and IS3N.DE shifts across timeframes, from -0.07 (10 years) to 0.10 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IS04.DE vs. IS3N.DE — Risk / Return Rank
IS04.DE
IS3N.DE
IS04.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IS04.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.
| IS04.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.47 | ||
| Sortino ratioReturn per unit of downside risk | -3.21 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.49 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | 4.42 | -4.13 |
| Martin ratioReturn relative to average drawdown | 0.62 | 16.00 | -15.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IS04.DE | IS3N.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | 2.69 | -2.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | 0.53 | -0.86 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.12 | 0.55 | -0.67 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.44 | -0.53 |
Drawdowns
IS04.DE vs. IS3N.DE - Drawdown Comparison
The maximum IS04.DE drawdown since its inception was -47.19%, 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 IS04.DE and IS3N.DE.
Loading charts...
Drawdown Indicators
| IS04.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.19% | -35.06% | -12.13% |
Max Drawdown (1Y)Largest decline over 1 year | -7.33% | -10.52% | +3.19% |
Max Drawdown (3Y)Largest decline over 3 years | -18.47% | -19.17% | +0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -40.05% | -22.01% | -18.04% |
Max Drawdown (10Y)Largest decline over 10 years | -47.19% | -32.51% | -14.68% |
Current DrawdownCurrent decline from peak | -43.69% | -2.49% | -41.20% |
Average DrawdownAverage peak-to-trough decline | -21.89% | -9.30% | -12.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.45% | 2.91% | +0.54% |
Volatility
IS04.DE vs. IS3N.DE - Volatility Comparison
The current volatility for iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IS04.DE) is 2.47%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 7.16%. This indicates that IS04.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.
Loading charts...
Volatility by Period
| IS04.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.47% | 7.16% | -4.69% |
Volatility (6M)Calculated over the trailing 6-month period | 6.52% | 14.69% | -8.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.70% | 17.32% | -7.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.21% | 16.19% | -0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.69% | 18.04% | -3.35% |
IS04.DE vs. IS3N.DE - Expense Ratio Comparison
IS04.DE has a 0.07% expense ratio, which is lower than IS3N.DE's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IS04.DE vs. IS3N.DE - Dividend Comparison
IS04.DE's dividend yield for the trailing twelve months is around 4.35%, while IS3N.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS04.DE iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | 4.35% | 4.38% | 4.62% | 3.82% | 3.04% | 1.71% | 1.86% | 2.49% | 2.79% | 2.72% | 2.56% | 2.14% |
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
IS04.DE and IS3N.DE have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS04.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS04.DE is cheaper with a 0.07% expense ratio, compared with 0.18% for IS3N.DE.
IS04.DE is categorized as Government Bonds, while IS3N.DE is Emerging Markets Equities. IS04.DE tracks ICE U.S. Treasury 20+ Year Bond Index, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). Their fees differ too: 0.07% for IS04.DE and 0.18% for IS3N.DE.
Find the right allocation for IS04.DE and IS3N.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer