IS3F.DE vs. IS3N.DE
IS3F.DE (iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist)) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - IS3F.DE is a Corporate Bonds fund tracking the Markit iBoxx USD Liquid Investment Grade Interest Rate Hedged Index, 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 10 years, IS3F.DE returned 4.24%/yr vs 9.80%/yr for IS3N.DE. At a 0.26 correlation, their price movements are largely independent. IS3F.DE charges 0.25%/yr vs 0.18%/yr for IS3N.DE.
Performance
IS3F.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3F.DE achieves a 5.49% return, which is significantly lower than IS3N.DE's 26.15% return. Over the past 10 years, IS3F.DE has underperformed IS3N.DE with an annualized return of 4.24%, while IS3N.DE has yielded a comparatively higher 9.80% annualized return.
IS3F.DE
- 1D
- 0.34%
- 1M
- 1.62%
- 6M
- 5.29%
- YTD
- 5.49%
- 1Y
- 8.12%
- 3Y*
- 5.78%
- 5Y*
- 6.07%
- 10Y*
- 4.24%
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%
IS3F.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3F.DE iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) | 5.49% | -6.28% | 14.29% | 7.35% | 6.51% | 9.83% | -8.41% | 13.49% | 1.81% | -8.14% |
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% | 20.43% |
Correlation
The correlation between IS3F.DE and IS3N.DE is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2014 | 0.26 |
The correlation between IS3F.DE and IS3N.DE shifts across timeframes, from 0.09 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IS3F.DE vs. IS3N.DE — Risk / Return Rank
IS3F.DE
IS3N.DE
IS3F.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) (IS3F.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.
| IS3F.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.40 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 4.04 | -1.28 |
| Martin ratioReturn relative to average drawdown | 7.08 | 13.47 | -6.39 |
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Drawdowns
IS3F.DE vs. IS3N.DE - Drawdown Comparison
The maximum IS3F.DE drawdown since its inception was -27.25%, smaller than the maximum IS3N.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for IS3F.DE and IS3N.DE.
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Drawdown Indicators
| IS3F.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.25% | -35.06% | +7.81% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -10.52% | +7.59% |
Max Drawdown (3Y)Largest decline over 3 years | -11.67% | -19.18% | +7.51% |
Max Drawdown (5Y)Largest decline over 5 years | -11.67% | -21.99% | +10.32% |
Max Drawdown (10Y)Largest decline over 10 years | -20.78% | -32.51% | +11.73% |
Current DrawdownCurrent decline from peak | -3.40% | -4.56% | +1.16% |
Average DrawdownAverage peak-to-trough decline | -8.18% | -9.24% | +1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 3.16% | -2.02% |
Volatility
IS3F.DE vs. IS3N.DE - Volatility Comparison
The current volatility for iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) (IS3F.DE) is 1.90%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 8.89%. This indicates that IS3F.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
| IS3F.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.90% | 8.89% | -6.99% |
Volatility (6M)Calculated over the trailing 6-month period | 4.53% | 16.69% | -12.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.38% | 19.07% | -12.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.66% | 16.62% | -8.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.21% | 18.15% | -9.94% |
IS3F.DE vs. IS3N.DE - Expense Ratio Comparison
IS3F.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
IS3F.DE vs. IS3N.DE - Dividend Comparison
IS3F.DE's dividend yield for the trailing twelve months is around 4.25%, while IS3N.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS3F.DE iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) | 4.25% | 4.77% | 5.36% | 4.95% | 2.10% | 1.50% | 2.62% | 3.52% | 2.81% | 2.25% | 2.36% | 3.21% |
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
IS3F.DE and IS3N.DE have a correlation of 0.09, 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 IS3F.DE.
IS3F.DE is categorized as Corporate Bonds, while IS3N.DE is Emerging Markets Equities. IS3F.DE tracks Markit iBoxx USD Liquid Investment Grade Interest Rate Hedged Index, while IS3N.DE tracks MSCI Emerging Markets Investable Market Index (IMI). Their fees differ too: 0.25% for IS3F.DE and 0.18% for IS3N.DE.
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