IS3N.DE vs. E0UA.DE
IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) and E0UA.DE (iShares Euro Government Bond 0-3 Month UCITS ETF EUR (Acc)) are both exchange-traded funds - IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market (IMI), while E0UA.DE is a Money Market fund tracking the ICE 0-3 Month Euro Government Bill Index. Both are passively managed. Over the past year, IS3N.DE returned 44.90% vs 1.96% for E0UA.DE. At a 0.01 correlation, their price movements are largely independent. IS3N.DE charges 0.18%/yr vs 0.07%/yr for E0UA.DE.
Performance
IS3N.DE vs. E0UA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3N.DE achieves a 27.07% return, which is significantly higher than E0UA.DE's 0.93% return.
IS3N.DE
- 1D
- 0.37%
- 1M
- 1.92%
- YTD
- 27.07%
- 6M
- 28.58%
- 1Y
- 44.90%
- 3Y*
- 20.88%
- 5Y*
- 8.46%
- 10Y*
- 10.37%
E0UA.DE
- 1D
- 0.00%
- 1M
- 0.14%
- YTD
- 0.93%
- 6M
- 0.78%
- 1Y
- 1.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IS3N.DE vs. E0UA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 27.07% | 17.14% | 0.65% |
E0UA.DE iShares Euro Government Bond 0-3 Month UCITS ETF EUR (Acc) | 0.93% | 2.15% | 0.26% |
Correlation
The correlation between IS3N.DE and E0UA.DE is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2024 | 0.01 |
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Return for Risk
IS3N.DE vs. E0UA.DE — Risk / Return Rank
IS3N.DE
E0UA.DE
IS3N.DE vs. E0UA.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 iShares Euro Government Bond 0-3 Month UCITS ETF EUR (Acc) (E0UA.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 | E0UA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 2.33 | -0.90 |
| Calmar ratioReturn relative to maximum drawdown | 4.25 | 8.91 | -4.66 |
| Martin ratioReturn relative to average drawdown | 14.62 | 28.72 | -14.10 |
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Drawdowns
IS3N.DE vs. E0UA.DE - Drawdown Comparison
The maximum IS3N.DE drawdown since its inception was -35.06%, which is greater than E0UA.DE's maximum drawdown of -0.22%. Use the drawdown chart below to compare losses from any high point for IS3N.DE and E0UA.DE.
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Drawdown Indicators
| IS3N.DE | E0UA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.06% | -0.22% | -34.84% |
Max Drawdown (1Y)Largest decline over 1 year | -10.52% | -0.22% | -10.30% |
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 | -3.87% | -0.03% | -3.84% |
Average DrawdownAverage peak-to-trough decline | -9.24% | -0.03% | -9.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 0.07% | +2.99% |
Volatility
IS3N.DE vs. E0UA.DE - Volatility Comparison
iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a higher volatility of 8.42% compared to iShares Euro Government Bond 0-3 Month UCITS ETF EUR (Acc) (E0UA.DE) at 0.11%. This indicates that IS3N.DE's price experiences larger fluctuations and is considered to be riskier than E0UA.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 | E0UA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.42% | 0.11% | +8.31% |
Volatility (6M)Calculated over the trailing 6-month period | 16.42% | 0.50% | +15.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.65% | 0.60% | +18.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.53% | 0.54% | +15.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.14% | 0.54% | +17.60% |
IS3N.DE vs. E0UA.DE - Expense Ratio Comparison
IS3N.DE has a 0.18% expense ratio, which is higher than E0UA.DE's 0.07% expense ratio. However, 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. E0UA.DE - Dividend Comparison
Neither IS3N.DE nor E0UA.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3N.DE and E0UA.DE have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, E0UA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
E0UA.DE is cheaper with a 0.07% expense ratio, compared with 0.18% for IS3N.DE.
IS3N.DE is categorized as Emerging Markets Equities, while E0UA.DE is Money Market. IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI), while E0UA.DE tracks ICE 0-3 Month Euro Government Bill Index. Their fees differ too: 0.18% for IS3N.DE and 0.07% for E0UA.DE.
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