IS3N.DE vs. ASWC.DE
IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) and ASWC.DE (HANetf Future of Defence UCITS ETF Acc EUR) are both exchange-traded funds - IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market (IMI), while ASWC.DE is a Aerospace & Defense fund tracking the EQM Future of Defence Index. Both are passively managed. Over the past year, IS3N.DE returned 45.03% vs 16.90% for ASWC.DE. At a 0.39 correlation, their price movements are largely independent. IS3N.DE charges 0.18%/yr vs 0.49%/yr for ASWC.DE.
Performance
IS3N.DE vs. ASWC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3N.DE achieves a 24.88% return, which is significantly higher than ASWC.DE's 13.04% return.
IS3N.DE
- 1D
- 3.12%
- 1M
- 4.34%
- YTD
- 24.88%
- 6M
- 27.74%
- 1Y
- 45.03%
- 3Y*
- 18.80%
- 5Y*
- 8.46%
- 10Y*
- 10.23%
ASWC.DE
- 1D
- -0.80%
- 1M
- 4.69%
- YTD
- 13.04%
- 6M
- 13.89%
- 1Y
- 16.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IS3N.DE vs. ASWC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 24.88% | 17.14% | 13.88% | 2.31% |
ASWC.DE HANetf Future of Defence UCITS ETF Acc EUR | 13.04% | 38.30% | 39.36% | 14.37% |
Correlation
The correlation between IS3N.DE and ASWC.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jul 4, 2023 | 0.39 |
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Return for Risk
IS3N.DE vs. ASWC.DE — Risk / Return Rank
IS3N.DE
ASWC.DE
IS3N.DE vs. ASWC.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 HANetf Future of Defence UCITS ETF Acc EUR (ASWC.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.
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 | ASWC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.56 | ||
| Sortino ratioReturn per unit of downside risk | +1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.16 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | 1.36 | +2.74 |
| Martin ratioReturn relative to average drawdown | 14.25 | 3.10 | +11.15 |
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Drawdowns
IS3N.DE vs. ASWC.DE - Drawdown Comparison
The maximum IS3N.DE drawdown since its inception was -35.06%, which is greater than ASWC.DE's maximum drawdown of -12.58%. Use the drawdown chart below to compare losses from any high point for IS3N.DE and ASWC.DE.
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Drawdown Indicators
| IS3N.DE | ASWC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.06% | -12.58% | -22.48% |
Max Drawdown (1Y)Largest decline over 1 year | -10.52% | -12.58% | +2.06% |
Max Drawdown (3Y)Largest decline over 3 years | -19.18% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.99% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.51% | — | — |
Current DrawdownCurrent decline from peak | -3.21% | -2.83% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -9.27% | -2.47% | -6.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 5.51% | -2.48% |
Volatility
IS3N.DE vs. ASWC.DE - Volatility Comparison
iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a higher volatility of 7.31% compared to HANetf Future of Defence UCITS ETF Acc EUR (ASWC.DE) at 5.89%. This indicates that IS3N.DE's price experiences larger fluctuations and is considered to be riskier than ASWC.DE 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 | ASWC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.31% | 5.89% | +1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 15.53% | 15.89% | -0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.01% | 20.35% | -2.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.34% | 19.11% | -2.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.08% | 19.11% | -1.03% |
IS3N.DE vs. ASWC.DE - Expense Ratio Comparison
IS3N.DE has a 0.18% expense ratio, which is lower than ASWC.DE's 0.49% expense ratio.
Dividends
IS3N.DE vs. ASWC.DE - Dividend Comparison
Neither IS3N.DE nor ASWC.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3N.DE and ASWC.DE have a correlation of 0.35, 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 0.49% for ASWC.DE.
IS3N.DE is categorized as Emerging Markets Equities, while ASWC.DE is Aerospace & Defense. IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI), while ASWC.DE tracks EQM Future of Defence Index. They also come from different issuers: iShares and HANetf. Their fees differ too: 0.18% for IS3N.DE and 0.49% for ASWC.DE.
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