IS31.DE vs. IS3N.DE
IS31.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc)) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - IS31.DE is a S&P 500 fund tracking the S&P 500 Minimum Volatility Index (EUR Hedged), while IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index (IMI). Both are passively managed. Over the past 5 years, IS31.DE returned 5.98%/yr vs 8.39%/yr for IS3N.DE. At a 0.47 correlation, their price movements are largely independent. IS31.DE charges 0.25%/yr vs 0.18%/yr for IS3N.DE.
Performance
IS31.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS31.DE achieves a 3.24% return, which is significantly lower than IS3N.DE's 26.15% return.
IS31.DE
- 1D
- 0.09%
- 1M
- 0.37%
- 6M
- 4.54%
- YTD
- 3.24%
- 1Y
- 7.12%
- 3Y*
- 10.62%
- 5Y*
- 5.98%
- 10Y*
- —
IS3N.DE
- 1D
- 2.11%
- 1M
- -1.18%
- 6M
- 22.85%
- YTD
- 26.15%
- 1Y
- 42.71%
- 3Y*
- 19.59%
- 5Y*
- 8.39%
- 10Y*
- 9.80%
IS31.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS31.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) | 3.24% | 9.27% | 16.79% | 6.75% | -14.54% | 23.93% | 5.67% | 27.41% | -8.01% | 10.34% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 26.15% | 17.14% | 13.88% | 7.20% | -13.85% | 7.09% | 7.07% | 20.99% | -11.06% | 9.27% |
Correlation
The correlation between IS31.DE and IS3N.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2017 | 0.47 |
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Return for Risk
IS31.DE vs. IS3N.DE — Risk / Return Rank
IS31.DE
IS3N.DE
IS31.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.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.
| IS31.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.40 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 4.04 | -2.97 |
| Martin ratioReturn relative to average drawdown | 4.05 | 13.47 | -9.42 |
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Drawdowns
IS31.DE vs. IS3N.DE - Drawdown Comparison
The maximum IS31.DE drawdown since its inception was -33.66%, roughly equal to the maximum IS3N.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for IS31.DE and IS3N.DE.
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Drawdown Indicators
| IS31.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.66% | -35.06% | +1.40% |
Max Drawdown (1Y)Largest decline over 1 year | -6.64% | -10.52% | +3.88% |
Max Drawdown (3Y)Largest decline over 3 years | -12.56% | -19.18% | +6.62% |
Max Drawdown (5Y)Largest decline over 5 years | -20.75% | -21.99% | +1.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.51% | — |
Current DrawdownCurrent decline from peak | 0.00% | -4.56% | +4.56% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -9.24% | +4.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 3.16% | -1.41% |
Volatility
IS31.DE vs. IS3N.DE - Volatility Comparison
The current volatility for iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.DE) is 2.94%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 8.89%. This indicates that IS31.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
| IS31.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 8.89% | -5.95% |
Volatility (6M)Calculated over the trailing 6-month period | 6.51% | 16.69% | -10.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.76% | 19.07% | -10.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.78% | 16.62% | -3.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.38% | 18.15% | -3.77% |
IS31.DE vs. IS3N.DE - Expense Ratio Comparison
IS31.DE has a 0.25% 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
IS31.DE vs. IS3N.DE - Dividend Comparison
Neither IS31.DE nor IS3N.DE has paid dividends to shareholders.
Frequently Asked Questions
IS31.DE and IS3N.DE have a correlation of 0.41, 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 0.25% for IS31.DE.
IS31.DE is categorized as S&P 500, while IS3N.DE is Emerging Markets Equities. IS31.DE tracks S&P 500 Minimum Volatility Index (EUR Hedged), while IS3N.DE tracks MSCI Emerging Markets Investable Market Index (IMI). Their fees differ too: 0.25% for IS31.DE and 0.18% for IS3N.DE.
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