IS3K.DE vs. IS3N.DE
IS3K.DE (iShares USD Short Duration High Yield Corporate Bond UCITS ETF) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - IS3K.DE is a High Yield Bonds fund tracking the iBoxx® USD Liquid High Yield 0-5 Capped, while IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market (IMI). Both are passively managed. Over the past 10 years, IS3K.DE returned 4.08%/yr vs 10.00%/yr for IS3N.DE. At a 0.37 correlation, their price movements are largely independent. IS3K.DE charges 0.45%/yr vs 0.18%/yr for IS3N.DE.
Performance
IS3K.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3K.DE achieves a 2.62% return, which is significantly lower than IS3N.DE's 25.82% return. Over the past 10 years, IS3K.DE has underperformed IS3N.DE with an annualized return of 4.08%, while IS3N.DE has yielded a comparatively higher 10.00% annualized return.
IS3K.DE
- 1D
- 0.04%
- 1M
- 1.00%
- YTD
- 2.62%
- 6M
- 1.77%
- 1Y
- 4.00%
- 3Y*
- 4.06%
- 5Y*
- 4.97%
- 10Y*
- 4.08%
IS3N.DE
- 1D
- -1.45%
- 1M
- 5.25%
- YTD
- 25.82%
- 6M
- 27.45%
- 1Y
- 46.76%
- 3Y*
- 19.99%
- 5Y*
- 8.61%
- 10Y*
- 10.00%
IS3K.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 2.62% | -4.31% | 12.26% | 4.68% | 1.95% | 12.07% | -6.16% | 11.71% | 4.17% | -9.09% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 25.82% | 17.14% | 13.87% | 7.20% | -14.09% | 7.38% | 7.07% | 21.01% | -11.06% | 20.43% |
Correlation
The correlation between IS3K.DE and IS3N.DE is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2014 | 0.37 |
Over the past year, the correlation between IS3K.DE and IS3N.DE has dropped to 0.15 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.
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Return for Risk
IS3K.DE vs. IS3N.DE — Risk / Return Rank
IS3K.DE
IS3N.DE
IS3K.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.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.
| IS3K.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -2.59 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.49 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 4.42 | -3.14 |
| Martin ratioReturn relative to average drawdown | 3.43 | 16.00 | -12.57 |
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
| IS3K.DE | IS3N.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 2.69 | -2.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.53 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.55 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.44 | +0.12 |
Drawdowns
IS3K.DE vs. IS3N.DE - Drawdown Comparison
The maximum IS3K.DE drawdown since its inception was -17.93%, smaller than the maximum IS3N.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for IS3K.DE and IS3N.DE.
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Drawdown Indicators
| IS3K.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.93% | -35.06% | +17.13% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -10.52% | +7.43% |
Max Drawdown (3Y)Largest decline over 3 years | -11.25% | -19.17% | +7.92% |
Max Drawdown (5Y)Largest decline over 5 years | -11.25% | -22.01% | +10.76% |
Max Drawdown (10Y)Largest decline over 10 years | -17.93% | -32.51% | +14.58% |
Current DrawdownCurrent decline from peak | -4.57% | -2.49% | -2.08% |
Average DrawdownAverage peak-to-trough decline | -4.51% | -9.30% | +4.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 2.91% | -1.75% |
Volatility
IS3K.DE vs. IS3N.DE - Volatility Comparison
The current volatility for iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.DE) is 0.85%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 7.16%. This indicates that IS3K.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
| IS3K.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 7.16% | -6.31% |
Volatility (6M)Calculated over the trailing 6-month period | 3.84% | 14.69% | -10.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 17.32% | -11.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.15% | 16.19% | -9.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.85% | 18.04% | -10.19% |
IS3K.DE vs. IS3N.DE - Expense Ratio Comparison
IS3K.DE has a 0.45% expense ratio, which is higher than IS3N.DE's 0.18% expense ratio.
Dividends
IS3K.DE vs. IS3N.DE - Dividend Comparison
IS3K.DE's dividend yield for the trailing twelve months is around 7.13%, while IS3N.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 7.13% | 5.70% | 5.95% | 5.19% | 4.12% | 3.55% | 4.31% | 4.69% | 4.78% | 4.97% | 5.17% | 4.61% |
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
IS3K.DE and IS3N.DE have a correlation of 0.15, 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 0.45% for IS3K.DE.
IS3K.DE is categorized as High Yield Bonds, while IS3N.DE is Emerging Markets Equities. IS3K.DE tracks iBoxx® USD Liquid High Yield 0-5 Capped, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). Their fees differ too: 0.45% for IS3K.DE and 0.18% for IS3N.DE.
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