IS0E.DE vs. IS3N.DE
IS0E.DE (iShares Gold Producers UCITS ETF) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - IS0E.DE is a Precious Metals fund tracking the S&P Commodity Producers Gold, 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, IS0E.DE returned 13.92%/yr vs 10.00%/yr for IS3N.DE. At a 0.21 correlation, their price movements are largely independent. IS0E.DE charges 0.55%/yr vs 0.18%/yr for IS3N.DE.
Performance
IS0E.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS0E.DE achieves a -0.06% return, which is significantly lower than IS3N.DE's 25.82% return. Over the past 10 years, IS0E.DE has outperformed IS3N.DE with an annualized return of 13.92%, while IS3N.DE has yielded a comparatively lower 10.00% annualized return.
IS0E.DE
- 1D
- 0.88%
- 1M
- -5.38%
- YTD
- -0.06%
- 6M
- 7.39%
- 1Y
- 60.26%
- 3Y*
- 38.14%
- 5Y*
- 19.77%
- 10Y*
- 13.92%
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%
IS0E.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS0E.DE iShares Gold Producers UCITS ETF | -0.06% | 129.59% | 18.76% | 6.29% | -3.80% | -3.04% | 13.47% | 44.05% | -4.38% | -6.00% |
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 IS0E.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 | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2014 | 0.21 |
The correlation between IS0E.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
IS0E.DE vs. IS3N.DE — Risk / Return Rank
IS0E.DE
IS3N.DE
IS0E.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Producers UCITS ETF (IS0E.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.
| IS0E.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.45 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.49 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 4.42 | -2.26 |
| Martin ratioReturn relative to average drawdown | 5.45 | 16.00 | -10.55 |
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
| IS0E.DE | IS3N.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 2.69 | -1.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.53 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.55 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.44 | -0.26 |
Drawdowns
IS0E.DE vs. IS3N.DE - Drawdown Comparison
The maximum IS0E.DE drawdown since its inception was -71.63%, 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 IS0E.DE and IS3N.DE.
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Drawdown Indicators
| IS0E.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.63% | -35.06% | -36.57% |
Max Drawdown (1Y)Largest decline over 1 year | -27.26% | -10.52% | -16.74% |
Max Drawdown (3Y)Largest decline over 3 years | -27.26% | -19.17% | -8.09% |
Max Drawdown (5Y)Largest decline over 5 years | -38.03% | -22.01% | -16.02% |
Max Drawdown (10Y)Largest decline over 10 years | -45.62% | -32.51% | -13.11% |
Current DrawdownCurrent decline from peak | -22.93% | -2.49% | -20.44% |
Average DrawdownAverage peak-to-trough decline | -33.74% | -9.30% | -24.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.85% | 2.91% | +7.94% |
Volatility
IS0E.DE vs. IS3N.DE - Volatility Comparison
iShares Gold Producers UCITS ETF (IS0E.DE) has a higher volatility of 12.84% compared to iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) at 7.16%. This indicates that IS0E.DE's price experiences larger fluctuations and is considered to be riskier 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
| IS0E.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.84% | 7.16% | +5.68% |
Volatility (6M)Calculated over the trailing 6-month period | 33.62% | 14.69% | +18.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.58% | 17.32% | +30.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.83% | 16.19% | +17.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.53% | 18.04% | +14.49% |
IS0E.DE vs. IS3N.DE - Expense Ratio Comparison
IS0E.DE has a 0.55% expense ratio, which is higher than IS3N.DE's 0.18% expense ratio.
Dividends
IS0E.DE vs. IS3N.DE - Dividend Comparison
Neither IS0E.DE nor IS3N.DE has paid dividends to shareholders.
Frequently Asked Questions
IS0E.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 0.55% for IS0E.DE.
IS0E.DE is categorized as Precious Metals, while IS3N.DE is Emerging Markets Equities. IS0E.DE tracks S&P Commodity Producers Gold, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). Their fees differ too: 0.55% for IS0E.DE and 0.18% for IS3N.DE.
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