IS3H.DE vs. VALD.DE
IS3H.DE (iShares MSCI EMU Mid Cap UCITS ETF) and VALD.DE (BNP Paribas Easy ESG Value Europe UCITS ETF) are both Europe Equities funds - IS3H.DE tracks the MSCI EMU Mid Cap while VALD.DE tracks the BNP Paribas Value Europe ESG. Both are passively managed. Over the past 5 years, IS3H.DE returned 9.27%/yr vs 7.81%/yr for VALD.DE. Their correlation of 0.88 suggests significant overlap in exposure. IS3H.DE charges 0.49%/yr vs 0.30%/yr for VALD.DE.
Performance
IS3H.DE vs. VALD.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 lower than VALD.DE's 10.40% return.
IS3H.DE
- 1D
- 0.47%
- 1M
- 2.04%
- YTD
- 9.28%
- 6M
- 11.50%
- 1Y
- 17.53%
- 3Y*
- 18.25%
- 5Y*
- 9.27%
- 10Y*
- 9.47%
VALD.DE
- 1D
- 0.88%
- 1M
- 1.88%
- YTD
- 10.40%
- 6M
- 13.48%
- 1Y
- 18.73%
- 3Y*
- 16.67%
- 5Y*
- 7.81%
- 10Y*
- —
IS3H.DE vs. VALD.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% | 15.29% |
VALD.DE BNP Paribas Easy ESG Value Europe UCITS ETF | 10.40% | 23.55% | 9.24% | 14.99% | -19.44% | 23.32% | -12.12% | 17.75% | -12.42% | 14.18% |
Correlation
The correlation between IS3H.DE and VALD.DE is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2017 | 0.88 |
The correlation between IS3H.DE and VALD.DE has been stable across timeframes, ranging from 0.83 to 0.89 - a consistent structural relationship.
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Return for Risk
IS3H.DE vs. VALD.DE — Risk / Return Rank
IS3H.DE
VALD.DE
IS3H.DE vs. VALD.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 BNP Paribas Easy ESG Value Europe UCITS ETF (VALD.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 | VALD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.30 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 2.47 | -0.32 |
| Martin ratioReturn relative to average drawdown | 7.71 | 8.35 | -0.64 |
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 | VALD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 1.62 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.54 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.39 | +0.17 |
Drawdowns
IS3H.DE vs. VALD.DE - Drawdown Comparison
The maximum IS3H.DE drawdown since its inception was -37.63%, smaller than the maximum VALD.DE drawdown of -41.02%. Use the drawdown chart below to compare losses from any high point for IS3H.DE and VALD.DE.
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Drawdown Indicators
| IS3H.DE | VALD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.63% | -41.02% | +3.39% |
Max Drawdown (1Y)Largest decline over 1 year | -8.11% | -7.54% | -0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -14.21% | -14.17% | -0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -26.54% | -31.14% | +4.60% |
Max Drawdown (10Y)Largest decline over 10 years | -37.63% | — | — |
Current DrawdownCurrent decline from peak | -1.34% | -0.96% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -6.35% | -8.18% | +1.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 2.24% | +0.03% |
Volatility
IS3H.DE vs. VALD.DE - Volatility Comparison
The current volatility for iShares MSCI EMU Mid Cap UCITS ETF (IS3H.DE) is 3.33%, while BNP Paribas Easy ESG Value Europe UCITS ETF (VALD.DE) has a volatility of 3.80%. This indicates that IS3H.DE experiences smaller price fluctuations and is considered to be less risky than VALD.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 | VALD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 3.80% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 9.77% | 9.29% | +0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.45% | 11.54% | +0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.31% | 14.41% | +0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.15% | 15.89% | +0.26% |
IS3H.DE vs. VALD.DE - Expense Ratio Comparison
IS3H.DE has a 0.49% expense ratio, which is higher than VALD.DE's 0.30% expense ratio.
Dividends
IS3H.DE vs. VALD.DE - Dividend Comparison
IS3H.DE has not paid dividends to shareholders, while VALD.DE's dividend yield for the trailing twelve months is around 3.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IS3H.DE iShares MSCI EMU Mid Cap UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VALD.DE BNP Paribas Easy ESG Value Europe UCITS ETF | 3.00% | 3.36% | 3.35% | 3.36% | 3.99% | 2.17% | 5.02% | 4.92% | 4.84% |
Frequently Asked Questions
IS3H.DE and VALD.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VALD.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VALD.DE is cheaper with a 0.30% expense ratio, compared with 0.49% for IS3H.DE.
IS3H.DE tracks MSCI EMU Mid Cap, while VALD.DE tracks BNP Paribas Value Europe ESG. They also come from different issuers: iShares and BNP Paribas. Their fees differ too: 0.49% for IS3H.DE and 0.30% for VALD.DE.
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