IS3H.DE vs. 18M2.DE
IS3H.DE (iShares MSCI EMU Mid Cap UCITS ETF) and 18M2.DE (Amundi ETF MSCI EMU High Dividend UCITS ETF EUR) are both Europe Equities funds - IS3H.DE tracks the MSCI EMU Mid Cap while 18M2.DE tracks the MSCI EMU High Dividend Yield. Both are passively managed. Over the past 10 years, IS3H.DE returned 9.47%/yr vs 8.26%/yr for 18M2.DE. Their correlation of 0.85 suggests significant overlap in exposure. IS3H.DE charges 0.49%/yr vs 0.30%/yr for 18M2.DE.
Performance
IS3H.DE vs. 18M2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3H.DE achieves a 9.28% return, which is significantly higher than 18M2.DE's 6.76% return. Over the past 10 years, IS3H.DE has outperformed 18M2.DE with an annualized return of 9.47%, while 18M2.DE has yielded a comparatively lower 8.26% annualized return.
IS3H.DE
- 1D
- 0.47%
- 1M
- -0.13%
- YTD
- 9.28%
- 6M
- 11.27%
- 1Y
- 16.64%
- 3Y*
- 18.25%
- 5Y*
- 9.27%
- 10Y*
- 9.47%
18M2.DE
- 1D
- 0.32%
- 1M
- -0.40%
- YTD
- 6.76%
- 6M
- 8.83%
- 1Y
- 15.64%
- 3Y*
- 12.13%
- 5Y*
- 8.90%
- 10Y*
- 8.26%
IS3H.DE vs. 18M2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3H.DE iShares MSCI EMU Mid Cap UCITS ETF | 9.28% | 30.84% | 11.73% | 8.69% | -14.80% | 15.42% | 3.89% | 29.25% | -15.98% | 19.16% |
18M2.DE Amundi ETF MSCI EMU High Dividend UCITS ETF EUR | 6.76% | 21.49% | 3.36% | 16.14% | -6.47% | 16.02% | -6.39% | 24.91% | -4.44% | 7.99% |
Correlation
The correlation between IS3H.DE and 18M2.DE is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2013 | 0.85 |
The correlation between IS3H.DE and 18M2.DE has been stable across timeframes, ranging from 0.77 to 0.86 - a consistent structural relationship.
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Return for Risk
IS3H.DE vs. 18M2.DE — Risk / Return Rank
IS3H.DE
18M2.DE
IS3H.DE vs. 18M2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU Mid Cap UCITS ETF (IS3H.DE) and Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.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.
| IS3H.DE | 18M2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.28 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 2.55 | -0.40 |
| Martin ratioReturn relative to average drawdown | 7.71 | 6.71 | +1.00 |
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
| IS3H.DE | 18M2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 1.49 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.66 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.53 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.44 | +0.12 |
Drawdowns
IS3H.DE vs. 18M2.DE - Drawdown Comparison
The maximum IS3H.DE drawdown since its inception was -37.63%, roughly equal to the maximum 18M2.DE drawdown of -37.06%. Use the drawdown chart below to compare losses from any high point for IS3H.DE and 18M2.DE.
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Drawdown Indicators
| IS3H.DE | 18M2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.63% | -37.06% | -0.57% |
Max Drawdown (1Y)Largest decline over 1 year | -8.11% | -6.19% | -1.92% |
Max Drawdown (3Y)Largest decline over 3 years | -14.21% | -14.68% | +0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -26.54% | -20.81% | -5.73% |
Max Drawdown (10Y)Largest decline over 10 years | -37.63% | -37.06% | -0.57% |
Current DrawdownCurrent decline from peak | -1.34% | -1.44% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -6.35% | -6.42% | +0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 2.36% | -0.09% |
Volatility
IS3H.DE vs. 18M2.DE - Volatility Comparison
iShares MSCI EMU Mid Cap UCITS ETF (IS3H.DE) has a higher volatility of 3.33% compared to Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) at 2.63%. This indicates that IS3H.DE's price experiences larger fluctuations and is considered to be riskier than 18M2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3H.DE | 18M2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 2.63% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 9.77% | 8.33% | +1.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.45% | 10.62% | +1.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.31% | 13.41% | +1.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.15% | 15.44% | +0.71% |
IS3H.DE vs. 18M2.DE - Expense Ratio Comparison
IS3H.DE has a 0.49% expense ratio, which is higher than 18M2.DE's 0.30% expense ratio.
Dividends
IS3H.DE vs. 18M2.DE - Dividend Comparison
Neither IS3H.DE nor 18M2.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3H.DE and 18M2.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 18M2.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
18M2.DE is cheaper with a 0.30% expense ratio, compared with 0.49% for IS3H.DE.
IS3H.DE tracks MSCI EMU Mid Cap, while 18M2.DE tracks MSCI EMU High Dividend Yield. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.49% for IS3H.DE and 0.30% for 18M2.DE.
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