IS3G.DE vs. FTGE.DE
IS3G.DE (iShares MSCI EMU Large Cap UCITS ETF) and FTGE.DE (First Trust Eurozone AlphaDEX UCITS ETF Acc) are both Europe Equities funds - IS3G.DE tracks the MSCI EMU Large Cap while FTGE.DE tracks the Nasdaq AlphaDEX® Eurozone. Both are passively managed. Over the past 5 years, IS3G.DE returned 10.43%/yr vs 11.59%/yr for FTGE.DE. Their correlation of 0.89 suggests significant overlap in exposure. IS3G.DE charges 0.49%/yr vs 0.65%/yr for FTGE.DE.
Performance
IS3G.DE vs. FTGE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3G.DE achieves a 8.74% return, which is significantly lower than FTGE.DE's 13.73% return.
IS3G.DE
- 1D
- 0.53%
- 1M
- 2.36%
- YTD
- 8.74%
- 6M
- 10.30%
- 1Y
- 17.41%
- 3Y*
- 15.08%
- 5Y*
- 10.43%
- 10Y*
- 9.99%
FTGE.DE
- 1D
- 0.51%
- 1M
- 0.87%
- YTD
- 13.73%
- 6M
- 16.65%
- 1Y
- 29.62%
- 3Y*
- 22.56%
- 5Y*
- 11.59%
- 10Y*
- —
IS3G.DE vs. FTGE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IS3G.DE iShares MSCI EMU Large Cap UCITS ETF | 8.74% | 22.66% | 8.54% | 20.59% | -11.41% | 23.35% | 24.21% |
FTGE.DE First Trust Eurozone AlphaDEX UCITS ETF Acc | 13.73% | 39.79% | 9.52% | 12.43% | -14.37% | 20.47% | 24.16% |
Correlation
The correlation between IS3G.DE and FTGE.DE is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since May 19, 2020 | 0.89 |
The correlation between IS3G.DE and FTGE.DE has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.
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Return for Risk
IS3G.DE vs. FTGE.DE — Risk / Return Rank
IS3G.DE
FTGE.DE
IS3G.DE vs. FTGE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU Large Cap UCITS ETF (IS3G.DE) and First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.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.
| IS3G.DE | FTGE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.40 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 3.27 | -1.60 |
| Martin ratioReturn relative to average drawdown | 5.99 | 12.30 | -6.31 |
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
| IS3G.DE | FTGE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 2.16 | -0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.65 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.88 | -0.38 |
Drawdowns
IS3G.DE vs. FTGE.DE - Drawdown Comparison
The maximum IS3G.DE drawdown since its inception was -38.66%, which is greater than FTGE.DE's maximum drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for IS3G.DE and FTGE.DE.
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Drawdown Indicators
| IS3G.DE | FTGE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.66% | -26.63% | -12.03% |
Max Drawdown (1Y)Largest decline over 1 year | -10.55% | -9.38% | -1.17% |
Max Drawdown (3Y)Largest decline over 3 years | -15.83% | -16.12% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -24.14% | -26.63% | +2.49% |
Max Drawdown (10Y)Largest decline over 10 years | -38.66% | — | — |
Current DrawdownCurrent decline from peak | -0.30% | 0.00% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -6.22% | -5.40% | -0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 2.50% | +0.44% |
Volatility
IS3G.DE vs. FTGE.DE - Volatility Comparison
iShares MSCI EMU Large Cap UCITS ETF (IS3G.DE) has a higher volatility of 4.90% compared to First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.DE) at 3.83%. This indicates that IS3G.DE's price experiences larger fluctuations and is considered to be riskier than FTGE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3G.DE | FTGE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 3.83% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 12.46% | 11.63% | +0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.12% | 14.23% | +0.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.59% | 17.58% | -0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.41% | 18.41% | -1.00% |
IS3G.DE vs. FTGE.DE - Expense Ratio Comparison
IS3G.DE has a 0.49% expense ratio, which is lower than FTGE.DE's 0.65% expense ratio.
Dividends
IS3G.DE vs. FTGE.DE - Dividend Comparison
Neither IS3G.DE nor FTGE.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3G.DE and FTGE.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3G.DE is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3G.DE is cheaper with a 0.49% expense ratio, compared with 0.65% for FTGE.DE.
IS3G.DE tracks MSCI EMU Large Cap, while FTGE.DE tracks Nasdaq AlphaDEX® Eurozone. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.49% for IS3G.DE and 0.65% for FTGE.DE.
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