IS3N.DE vs. ACWV
IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) and ACWV (iShares MSCI Global Min Vol Factor ETF) are both exchange-traded funds - IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market (IMI), while ACWV is a Large Cap Blend Equities fund tracking the MSCI ACWI Minimum Volatility Index. Both are passively managed. Over the past 10 years, IS3N.DE returned 10.23%/yr vs 7.14%/yr for ACWV. At a 0.43 correlation, their price movements are largely independent. IS3N.DE charges 0.18%/yr vs 0.20%/yr for ACWV.
Performance
IS3N.DE vs. ACWV - Performance Comparison
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Different Trading Currencies
IS3N.DE is traded in EUR, while ACWV is traded in USD. To make them comparable, the ACWV 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 24.88% return, which is significantly higher than ACWV's 4.46% return. Over the past 10 years, IS3N.DE has outperformed ACWV with an annualized return of 10.23%, while ACWV has yielded a comparatively lower 7.14% annualized return.
IS3N.DE
- 1D
- 3.12%
- 1M
- 1.48%
- YTD
- 24.88%
- 6M
- 27.74%
- 1Y
- 45.03%
- 3Y*
- 18.80%
- 5Y*
- 8.46%
- 10Y*
- 10.23%
ACWV
- 1D
- 0.42%
- 1M
- 1.49%
- YTD
- 4.46%
- 6M
- 4.47%
- 1Y
- 5.40%
- 3Y*
- 7.45%
- 5Y*
- 6.42%
- 10Y*
- 7.14%
IS3N.DE vs. ACWV - 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) | 24.88% | 17.14% | 13.88% | 7.20% | -13.85% | 7.09% | 7.07% | 20.99% | -11.06% | 20.43% |
ACWV iShares MSCI Global Min Vol Factor ETF | 4.46% | -2.14% | 18.74% | 4.99% | -4.80% | 22.49% | -5.45% | 23.77% | 3.21% | 4.00% |
Correlation
The correlation between IS3N.DE and ACWV is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2014 | 0.43 |
Over the past year, the correlation between IS3N.DE and ACWV has dropped to 0.20 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.
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Return for Risk
IS3N.DE vs. ACWV — Risk / Return Rank
IS3N.DE
ACWV
IS3N.DE vs. ACWV - 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 iShares MSCI Global Min Vol Factor ETF (ACWV). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IS3N.DE | ACWV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.76 | ||
| Sortino ratioReturn per unit of downside risk | +2.30 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.11 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | 1.18 | +2.92 |
| Martin ratioReturn relative to average drawdown | 14.25 | 3.02 | +11.23 |
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Drawdowns
IS3N.DE vs. ACWV - Drawdown Comparison
The maximum IS3N.DE drawdown since its inception was -35.06%, which is greater than ACWV's maximum drawdown of -28.30%. Use the drawdown chart below to compare losses from any high point for IS3N.DE and ACWV.
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Drawdown Indicators
| IS3N.DE | ACWV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.06% | -28.30% | -6.76% |
Max Drawdown (1Y)Largest decline over 1 year | -10.52% | -4.25% | -6.27% |
Max Drawdown (3Y)Largest decline over 3 years | -19.18% | -11.40% | -7.78% |
Max Drawdown (5Y)Largest decline over 5 years | -21.99% | -11.80% | -10.19% |
Max Drawdown (10Y)Largest decline over 10 years | -32.51% | -28.30% | -4.21% |
Current DrawdownCurrent decline from peak | -3.21% | -2.74% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -9.27% | -4.25% | -5.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 1.67% | +1.36% |
Volatility
IS3N.DE vs. ACWV - Volatility Comparison
iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a higher volatility of 7.31% compared to iShares MSCI Global Min Vol Factor ETF (ACWV) at 1.76%. This indicates that IS3N.DE's price experiences larger fluctuations and is considered to be riskier than ACWV 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 | ACWV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.31% | 1.76% | +5.55% |
Volatility (6M)Calculated over the trailing 6-month period | 15.53% | 5.66% | +9.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.01% | 7.83% | +10.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.34% | 10.15% | +6.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.08% | 12.81% | +5.27% |
IS3N.DE vs. ACWV - Expense Ratio Comparison
IS3N.DE has a 0.18% expense ratio, which is lower than ACWV's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IS3N.DE vs. ACWV - Dividend Comparison
IS3N.DE has not paid dividends to shareholders, while ACWV's dividend yield for the trailing twelve months is around 2.03%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACWV iShares MSCI Global Min Vol Factor ETF | 2.03% | 2.09% | 2.33% | 2.41% | 2.18% | 1.92% | 1.77% | 2.54% | 2.32% | 2.04% | 2.56% | 2.28% |
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
IS3N.DE and ACWV have a correlation of 0.20, 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 0.20% for ACWV.
IS3N.DE is categorized as Emerging Markets Equities, while ACWV is Large Cap Blend Equities. IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI), while ACWV tracks MSCI ACWI Minimum Volatility Index. Their fees differ too: 0.18% for IS3N.DE and 0.20% for ACWV.
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