IS3N.DE vs. DBZB.DE
IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) and DBZB.DE (Xtrackers II Global Government Bond UCITS ETF EUR Hedged) are both exchange-traded funds - IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market (IMI), while DBZB.DE is a Global Bonds fund tracking the FTSE World Government Bond - Developed Markets (EUR Hedged). Both are passively managed. Over the past 10 years, IS3N.DE returned 10.00%/yr vs -0.99%/yr for DBZB.DE. At a correlation of -0.08, they often move in opposite directions. IS3N.DE charges 0.18%/yr vs 0.25%/yr for DBZB.DE.
Performance
IS3N.DE vs. DBZB.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IS3N.DE achieves a 25.82% return, which is significantly higher than DBZB.DE's -0.71% return. Over the past 10 years, IS3N.DE has outperformed DBZB.DE with an annualized return of 10.00%, while DBZB.DE has yielded a comparatively lower -0.99% annualized return.
IS3N.DE
- 1D
- -1.45%
- 1M
- 2.58%
- YTD
- 25.82%
- 6M
- 26.89%
- 1Y
- 45.44%
- 3Y*
- 19.99%
- 5Y*
- 8.61%
- 10Y*
- 10.00%
DBZB.DE
- 1D
- 0.15%
- 1M
- -0.18%
- YTD
- -0.71%
- 6M
- -0.56%
- 1Y
- 0.09%
- 3Y*
- 0.76%
- 5Y*
- -2.54%
- 10Y*
- -0.99%
IS3N.DE vs. DBZB.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% |
DBZB.DE Xtrackers II Global Government Bond UCITS ETF EUR Hedged | -0.71% | 1.28% | -0.41% | 3.56% | -15.11% | -3.19% | 4.16% | 4.55% | -0.36% | -0.12% |
Correlation
The correlation between IS3N.DE and DBZB.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2014 | -0.08 |
The correlation between IS3N.DE and DBZB.DE shifts across timeframes, from -0.08 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IS3N.DE vs. DBZB.DE — Risk / Return Rank
IS3N.DE
DBZB.DE
IS3N.DE vs. DBZB.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 Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.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 | DBZB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.70 | ||
| Sortino ratioReturn per unit of downside risk | +3.58 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.00 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 4.42 | -0.01 | +4.44 |
| Martin ratioReturn relative to average drawdown | 16.00 | -0.04 | +16.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IS3N.DE | DBZB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.69 | -0.01 | +2.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | -0.47 | +0.99 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | -0.21 | +0.76 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.22 | +0.21 |
Drawdowns
IS3N.DE vs. DBZB.DE - Drawdown Comparison
The maximum IS3N.DE drawdown since its inception was -35.06%, which is greater than DBZB.DE's maximum drawdown of -21.88%. Use the drawdown chart below to compare losses from any high point for IS3N.DE and DBZB.DE.
Loading charts...
Drawdown Indicators
| IS3N.DE | DBZB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.06% | -21.88% | -13.18% |
Max Drawdown (1Y)Largest decline over 1 year | -10.52% | -3.52% | -7.00% |
Max Drawdown (3Y)Largest decline over 3 years | -19.17% | -5.14% | -14.03% |
Max Drawdown (5Y)Largest decline over 5 years | -22.01% | -19.51% | -2.50% |
Max Drawdown (10Y)Largest decline over 10 years | -32.51% | -21.88% | -10.63% |
Current DrawdownCurrent decline from peak | -2.49% | -16.44% | +13.95% |
Average DrawdownAverage peak-to-trough decline | -9.30% | -5.97% | -3.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 1.26% | +1.65% |
Volatility
IS3N.DE vs. DBZB.DE - Volatility Comparison
iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a higher volatility of 7.16% compared to Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.DE) at 1.48%. This indicates that IS3N.DE's price experiences larger fluctuations and is considered to be riskier than DBZB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IS3N.DE | DBZB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.16% | 1.48% | +5.68% |
Volatility (6M)Calculated over the trailing 6-month period | 14.69% | 3.06% | +11.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.32% | 3.86% | +13.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.19% | 5.37% | +10.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.04% | 4.74% | +13.30% |
IS3N.DE vs. DBZB.DE - Expense Ratio Comparison
IS3N.DE has a 0.18% expense ratio, which is lower than DBZB.DE's 0.25% 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. DBZB.DE - Dividend Comparison
Neither IS3N.DE nor DBZB.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3N.DE and DBZB.DE have a correlation of 0.30, 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 0.25% for DBZB.DE.
IS3N.DE is categorized as Emerging Markets Equities, while DBZB.DE is Global Bonds. IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI), while DBZB.DE tracks FTSE World Government Bond - Developed Markets (EUR Hedged). They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.18% for IS3N.DE and 0.25% for DBZB.DE.
Find the right allocation for IS3N.DE and DBZB.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer