IS3C.DE vs. 36BE.DE
IS3C.DE (iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist)) and 36BE.DE (iShares USD Corporate Bond ESG UCITS ETF Dist) are both exchange-traded funds - IS3C.DE is a Emerging Markets Bonds fund tracking the JP Morgan EMBI Global Core (EUR Hedged), while 36BE.DE is a Corporate Bonds fund tracking the Bloomberg MSCI US Corporate Sustainable SRI. Both are passively managed. Over the past 5 years, IS3C.DE returned -3.40%/yr vs 1.56%/yr for 36BE.DE. At a 0.22 correlation, their price movements are largely independent. IS3C.DE charges 0.50%/yr vs 0.15%/yr for 36BE.DE.
Performance
IS3C.DE vs. 36BE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3C.DE achieves a -1.63% return, which is significantly lower than 36BE.DE's 1.37% return.
IS3C.DE
- 1D
- 0.23%
- 1M
- 0.40%
- YTD
- -1.63%
- 6M
- -1.60%
- 1Y
- 2.73%
- 3Y*
- 2.01%
- 5Y*
- -3.40%
- 10Y*
- -0.58%
36BE.DE
- 1D
- 0.13%
- 1M
- 1.14%
- YTD
- 1.37%
- 6M
- 0.78%
- 1Y
- 3.23%
- 3Y*
- 2.22%
- 5Y*
- 1.56%
- 10Y*
- —
IS3C.DE vs. 36BE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IS3C.DE iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) | -1.63% | 5.32% | -1.72% | 5.39% | -20.57% | -3.53% | 2.75% |
36BE.DE iShares USD Corporate Bond ESG UCITS ETF Dist | 1.37% | -4.25% | 7.93% | 4.49% | -9.70% | 7.28% | -3.86% |
Correlation
The correlation between IS3C.DE and 36BE.DE is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2020 | 0.22 |
The correlation between IS3C.DE and 36BE.DE shifts across timeframes, from 0.11 (1 year) to 0.28 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IS3C.DE vs. 36BE.DE — Risk / Return Rank
IS3C.DE
36BE.DE
IS3C.DE vs. 36BE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) (IS3C.DE) and iShares USD Corporate Bond ESG UCITS ETF Dist (36BE.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.
| IS3C.DE | 36BE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.10 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | 0.97 | -0.49 |
| Martin ratioReturn relative to average drawdown | 1.52 | 2.49 | -0.97 |
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
| IS3C.DE | 36BE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | 0.57 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.38 | 0.19 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.06 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | 0.03 | -0.03 |
Drawdowns
IS3C.DE vs. 36BE.DE - Drawdown Comparison
The maximum IS3C.DE drawdown since its inception was -30.78%, which is greater than 36BE.DE's maximum drawdown of -12.76%. Use the drawdown chart below to compare losses from any high point for IS3C.DE and 36BE.DE.
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Drawdown Indicators
| IS3C.DE | 36BE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.78% | -12.76% | -18.02% |
Max Drawdown (1Y)Largest decline over 1 year | -5.62% | -3.31% | -2.31% |
Max Drawdown (3Y)Largest decline over 3 years | -8.94% | -11.21% | +2.27% |
Max Drawdown (5Y)Largest decline over 5 years | -30.47% | -12.76% | -17.71% |
Max Drawdown (10Y)Largest decline over 10 years | -30.78% | — | — |
Current DrawdownCurrent decline from peak | -17.90% | -5.56% | -12.34% |
Average DrawdownAverage peak-to-trough decline | -9.16% | -5.98% | -3.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 1.29% | +0.50% |
Volatility
IS3C.DE vs. 36BE.DE - Volatility Comparison
iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) (IS3C.DE) has a higher volatility of 2.10% compared to iShares USD Corporate Bond ESG UCITS ETF Dist (36BE.DE) at 0.99%. This indicates that IS3C.DE's price experiences larger fluctuations and is considered to be riskier than 36BE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3C.DE | 36BE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.10% | 0.99% | +1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 5.14% | 3.90% | +1.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.18% | 5.65% | +0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.94% | 8.11% | +0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.30% | 8.79% | +0.51% |
IS3C.DE vs. 36BE.DE - Expense Ratio Comparison
IS3C.DE has a 0.50% expense ratio, which is higher than 36BE.DE's 0.15% expense ratio.
Dividends
IS3C.DE vs. 36BE.DE - Dividend Comparison
IS3C.DE has not paid dividends to shareholders, while 36BE.DE's dividend yield for the trailing twelve months is around 4.92%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
36BE.DE iShares USD Corporate Bond ESG UCITS ETF Dist | 4.92% | 4.92% | 4.68% | 4.24% | 2.85% | 2.47% | 1.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IS3C.DE iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) | 0.00% | 0.00% | 0.00% | 3.58% | 5.39% | 3.93% | 3.85% | 4.77% | 5.76% | 3.88% | 5.34% | 4.72% |
Frequently Asked Questions
IS3C.DE and 36BE.DE have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 36BE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
36BE.DE is cheaper with a 0.15% expense ratio, compared with 0.50% for IS3C.DE.
IS3C.DE is categorized as Emerging Markets Bonds, while 36BE.DE is Corporate Bonds. IS3C.DE tracks JP Morgan EMBI Global Core (EUR Hedged), while 36BE.DE tracks Bloomberg MSCI US Corporate Sustainable SRI. Their fees differ too: 0.50% for IS3C.DE and 0.15% for 36BE.DE.
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