IS3N.DE vs. AMEM.DE
IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) and AMEM.DE (Amundi MSCI Emerging Markets UCITS ETF EUR) are both Emerging Markets Equities funds - IS3N.DE tracks the MSCI Emerging Markets Investable Market (IMI) while AMEM.DE tracks the MSCI Emerging Markets. Both are passively managed. Over the past 10 years, IS3N.DE returned 10.00%/yr vs 9.86%/yr for AMEM.DE. With a 0.99 correlation, they move nearly in lockstep. IS3N.DE charges 0.18%/yr vs 0.20%/yr for AMEM.DE.
Performance
IS3N.DE vs. AMEM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3N.DE achieves a 25.82% return, which is significantly lower than AMEM.DE's 27.34% return. Both investments have delivered pretty close results over the past 10 years, with IS3N.DE having a 10.00% annualized return and AMEM.DE not far behind at 9.86%.
IS3N.DE
- 1D
- -1.45%
- 1M
- 3.11%
- YTD
- 25.82%
- 6M
- 26.34%
- 1Y
- 45.77%
- 3Y*
- 19.99%
- 5Y*
- 8.61%
- 10Y*
- 10.00%
AMEM.DE
- 1D
- -1.57%
- 1M
- 3.43%
- YTD
- 27.34%
- 6M
- 27.94%
- 1Y
- 48.69%
- 3Y*
- 20.85%
- 5Y*
- 8.42%
- 10Y*
- 9.86%
IS3N.DE vs. AMEM.DE - 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% |
AMEM.DE Amundi MSCI Emerging Markets UCITS ETF EUR | 27.34% | 19.31% | 13.70% | 5.24% | -13.78% | 3.95% | 6.30% | 21.51% | -11.20% | 20.75% |
Correlation
The correlation between IS3N.DE and AMEM.DE is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2014 | 0.99 |
The correlation between IS3N.DE and AMEM.DE has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
IS3N.DE vs. AMEM.DE — Risk / Return Rank
IS3N.DE
AMEM.DE
IS3N.DE vs. AMEM.DE - 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 Amundi MSCI Emerging Markets UCITS ETF EUR (AMEM.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.
| IS3N.DE | AMEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.51 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.42 | 4.65 | -0.23 |
| Martin ratioReturn relative to average drawdown | 16.00 | 16.89 | -0.88 |
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 | AMEM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.69 | 2.80 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.50 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.54 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.34 | +0.10 |
Drawdowns
IS3N.DE vs. AMEM.DE - Drawdown Comparison
The maximum IS3N.DE drawdown since its inception was -35.06%, roughly equal to the maximum AMEM.DE drawdown of -35.87%. Use the drawdown chart below to compare losses from any high point for IS3N.DE and AMEM.DE.
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Drawdown Indicators
| IS3N.DE | AMEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.06% | -35.87% | +0.81% |
Max Drawdown (1Y)Largest decline over 1 year | -10.52% | -10.65% | +0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -19.17% | -19.22% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -22.01% | -23.53% | +1.52% |
Max Drawdown (10Y)Largest decline over 10 years | -32.51% | -31.93% | -0.58% |
Current DrawdownCurrent decline from peak | -2.49% | -2.62% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -9.30% | -10.29% | +0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 2.94% | -0.03% |
Volatility
IS3N.DE vs. AMEM.DE - Volatility Comparison
iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) and Amundi MSCI Emerging Markets UCITS ETF EUR (AMEM.DE) have volatilities of 7.16% and 7.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3N.DE | AMEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.16% | 7.41% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 14.69% | 15.02% | -0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.32% | 17.74% | -0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.19% | 16.70% | -0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.04% | 18.28% | -0.24% |
IS3N.DE vs. AMEM.DE - Expense Ratio Comparison
IS3N.DE has a 0.18% expense ratio, which is lower than AMEM.DE'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. AMEM.DE - Dividend Comparison
Neither IS3N.DE nor AMEM.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, IS3N.DE and AMEM.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 AMEM.DE.
IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI), while AMEM.DE tracks MSCI Emerging Markets. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.18% for IS3N.DE and 0.20% for AMEM.DE.
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