IS3C.DE vs. VDIV.DE
IS3C.DE (iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist)) and VDIV.DE (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - IS3C.DE is a Emerging Markets Bonds fund tracking the JP Morgan EMBI Global Core (EUR Hedged), while VDIV.DE is a Global Equities fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past 5 years, IS3C.DE returned -0.53%/yr vs 18.59%/yr for VDIV.DE. At a 0.31 correlation, their price movements are largely independent. IS3C.DE charges 0.50%/yr vs 0.38%/yr for VDIV.DE.
Performance
IS3C.DE vs. VDIV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3C.DE achieves a 0.51% return, which is significantly lower than VDIV.DE's 15.05% return.
IS3C.DE
- 1D
- 0.07%
- 1M
- -0.73%
- 6M
- 0.77%
- YTD
- 0.51%
- 1Y
- 7.31%
- 3Y*
- 6.39%
- 5Y*
- -0.53%
- 10Y*
- 0.58%
VDIV.DE
- 1D
- 0.52%
- 1M
- 3.77%
- 6M
- 12.24%
- YTD
- 15.05%
- 1Y
- 31.91%
- 3Y*
- 21.71%
- 5Y*
- 18.59%
- 10Y*
- —
IS3C.DE vs. VDIV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IS3C.DE iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) | 0.51% | 11.38% | 3.94% | 7.55% | -20.58% | -3.52% | 3.22% | 12.59% | 0.58% |
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 15.05% | 24.58% | 15.66% | 11.45% | 15.47% | 27.94% | -11.00% | 23.04% | -2.35% |
Correlation
The correlation between IS3C.DE and VDIV.DE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2018 | 0.31 |
The correlation between IS3C.DE and VDIV.DE shifts across timeframes, from 0.18 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IS3C.DE vs. VDIV.DE — Risk / Return Rank
IS3C.DE
VDIV.DE
IS3C.DE vs. VDIV.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 VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.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.
| IS3C.DE | VDIV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.22 | ||
| Sortino ratioReturn per unit of downside risk | -2.92 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.65 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 8.63 | -7.11 |
| Martin ratioReturn relative to average drawdown | 5.86 | 25.43 | -19.58 |
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Drawdowns
IS3C.DE vs. VDIV.DE - Drawdown Comparison
The maximum IS3C.DE drawdown since its inception was -30.78%, smaller than the maximum VDIV.DE drawdown of -36.13%. Use the drawdown chart below to compare losses from any high point for IS3C.DE and VDIV.DE.
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Drawdown Indicators
| IS3C.DE | VDIV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.78% | -36.13% | +5.35% |
Max Drawdown (1Y)Largest decline over 1 year | -4.77% | -3.68% | -1.09% |
Max Drawdown (3Y)Largest decline over 3 years | -7.99% | -15.13% | +7.14% |
Max Drawdown (5Y)Largest decline over 5 years | -30.46% | -15.13% | -15.33% |
Max Drawdown (10Y)Largest decline over 10 years | -30.78% | — | — |
Current DrawdownCurrent decline from peak | -4.26% | 0.00% | -4.26% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -4.17% | -3.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 1.25% | 0.00% |
Volatility
IS3C.DE vs. VDIV.DE - Volatility Comparison
The current volatility for iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) (IS3C.DE) is 0.98%, while VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.DE) has a volatility of 2.21%. This indicates that IS3C.DE experiences smaller price fluctuations and is considered to be less risky than VDIV.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 | VDIV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 2.21% | -1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 4.95% | 7.03% | -2.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.37% | 9.45% | -3.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.97% | 11.93% | -2.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.29% | 15.29% | -6.00% |
IS3C.DE vs. VDIV.DE - Expense Ratio Comparison
IS3C.DE has a 0.50% expense ratio, which is higher than VDIV.DE's 0.38% expense ratio.
Dividends
IS3C.DE vs. VDIV.DE - Dividend Comparison
IS3C.DE's dividend yield for the trailing twelve months is around 5.65%, more than VDIV.DE's 3.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS3C.DE iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) | 5.65% | 5.43% | 5.65% | 5.51% | 5.39% | 3.93% | 3.85% | 4.77% | 5.76% | 3.88% | 5.34% | 4.72% |
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.05% | 3.58% | 4.19% | 4.97% | 4.56% | 3.97% | 4.11% | 4.35% | 0.91% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IS3C.DE and VDIV.DE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VDIV.DE is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VDIV.DE is cheaper with a 0.38% expense ratio, compared with 0.50% for IS3C.DE.
IS3C.DE is categorized as Emerging Markets Bonds, while VDIV.DE is Global Equities. IS3C.DE tracks JP Morgan EMBI Global Core (EUR Hedged), while VDIV.DE tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.50% for IS3C.DE and 0.38% for VDIV.DE.
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