IS3N.DE vs. ^GSPC
IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) is Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market (IMI), while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, IS3N.DE returned 10.00%/yr vs 13.40%/yr for ^GSPC. At a 0.48 correlation, their price movements are largely independent.
Performance
IS3N.DE vs. ^GSPC - Performance Comparison
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Different Trading Currencies
IS3N.DE is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IS3N.DE achieves a 25.82% return, which is significantly higher than ^GSPC's 12.06% return. Over the past 10 years, IS3N.DE has underperformed ^GSPC with an annualized return of 10.00%, while ^GSPC has yielded a comparatively higher 13.40% annualized return.
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%
^GSPC
- 1D
- 0.27%
- 1M
- 5.17%
- YTD
- 12.06%
- 6M
- 10.90%
- 1Y
- 24.89%
- 3Y*
- 17.85%
- 5Y*
- 13.43%
- 10Y*
- 13.40%
IS3N.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
^GSPC S&P 500 Index | 12.06% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 6.68% | 31.79% | -1.84% | 4.74% |
Correlation
The correlation between IS3N.DE and ^GSPC is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2014 | 0.48 |
The correlation between IS3N.DE and ^GSPC shifts across timeframes, from 0.39 (5 years) to 0.53 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IS3N.DE vs. ^GSPC — Risk / Return Rank
IS3N.DE
^GSPC
IS3N.DE vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) and S&P 500 Index (^GSPC). 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.
| IS3N.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.37 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.42 | 3.30 | +1.12 |
| Martin ratioReturn relative to average drawdown | 16.00 | 12.34 | +3.67 |
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
| IS3N.DE | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.69 | 2.04 | +0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.80 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.72 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.51 | -0.07 |
Drawdowns
IS3N.DE vs. ^GSPC - Drawdown Comparison
The maximum IS3N.DE drawdown since its inception was -35.06%, smaller than the maximum ^GSPC drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for IS3N.DE and ^GSPC.
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Drawdown Indicators
| IS3N.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.06% | -51.62% | +16.56% |
Max Drawdown (1Y)Largest decline over 1 year | -10.52% | -7.57% | -2.95% |
Max Drawdown (3Y)Largest decline over 3 years | -19.17% | -23.99% | +4.82% |
Max Drawdown (5Y)Largest decline over 5 years | -22.01% | -23.99% | +1.98% |
Max Drawdown (10Y)Largest decline over 10 years | -32.51% | -33.42% | +0.91% |
Current DrawdownCurrent decline from peak | -2.49% | -0.20% | -2.29% |
Average DrawdownAverage peak-to-trough decline | -9.30% | -9.08% | -0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 2.02% | +0.89% |
Volatility
IS3N.DE vs. ^GSPC - Volatility Comparison
iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a higher volatility of 7.16% compared to S&P 500 Index (^GSPC) at 2.24%. This indicates that IS3N.DE's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3N.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.16% | 2.24% | +4.92% |
Volatility (6M)Calculated over the trailing 6-month period | 14.69% | 8.62% | +6.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.32% | 12.29% | +5.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.19% | 16.79% | -0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.04% | 18.59% | -0.55% |
Frequently Asked Questions
IS3N.DE and ^GSPC have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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