IS3N.DE vs. ESIH.L
IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) and ESIH.L (iShares MSCI Europe Health Care Sector UCITS ETF) are both exchange-traded funds - IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market (IMI), while ESIH.L is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD. Both are passively managed. Over the past 5 years, IS3N.DE returned 8.46%/yr vs 5.21%/yr for ESIH.L. At a 0.26 correlation, their price movements are largely independent. Both charge a 0.18% expense ratio.
Performance
IS3N.DE vs. ESIH.L - Performance Comparison
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Different Trading Currencies
IS3N.DE is traded in EUR, while ESIH.L is traded in GBP. To make them comparable, the ESIH.L 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 ESIH.L's 0.10% 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%
ESIH.L
- 1D
- 0.74%
- 1M
- 2.34%
- YTD
- 0.10%
- 6M
- 1.71%
- 1Y
- 6.65%
- 3Y*
- 3.74%
- 5Y*
- 5.21%
- 10Y*
- —
IS3N.DE vs. ESIH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 24.88% | 17.14% | 13.88% | 7.20% | -13.85% | 7.09% | 3.53% |
ESIH.L iShares MSCI Europe Health Care Sector UCITS ETF | 0.10% | 6.89% | 4.25% | 7.70% | -3.68% | 24.70% | -10.79% |
Correlation
The correlation between IS3N.DE and ESIH.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2020 | 0.26 |
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Return for Risk
IS3N.DE vs. ESIH.L — Risk / Return Rank
IS3N.DE
ESIH.L
IS3N.DE vs. ESIH.L - 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 Europe Health Care Sector UCITS ETF (ESIH.L). 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 | ESIH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.08 | ||
| Sortino ratioReturn per unit of downside risk | +2.63 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.07 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | 0.42 | +3.68 |
| Martin ratioReturn relative to average drawdown | 14.25 | 0.95 | +13.30 |
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Drawdowns
IS3N.DE vs. ESIH.L - Drawdown Comparison
The maximum IS3N.DE drawdown since its inception was -35.06%, which is greater than ESIH.L's maximum drawdown of -25.57%. Use the drawdown chart below to compare losses from any high point for IS3N.DE and ESIH.L.
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Drawdown Indicators
| IS3N.DE | ESIH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.06% | -25.57% | -9.49% |
Max Drawdown (1Y)Largest decline over 1 year | -10.52% | -12.83% | +2.31% |
Max Drawdown (3Y)Largest decline over 3 years | -19.18% | -25.57% | +6.39% |
Max Drawdown (5Y)Largest decline over 5 years | -21.99% | -25.57% | +3.58% |
Max Drawdown (10Y)Largest decline over 10 years | -32.51% | — | — |
Current DrawdownCurrent decline from peak | -3.21% | -9.32% | +6.11% |
Average DrawdownAverage peak-to-trough decline | -9.27% | -8.20% | -1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 5.51% | -2.48% |
Volatility
IS3N.DE vs. ESIH.L - Volatility Comparison
iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a higher volatility of 7.31% compared to iShares MSCI Europe Health Care Sector UCITS ETF (ESIH.L) at 5.06%. This indicates that IS3N.DE's price experiences larger fluctuations and is considered to be riskier than ESIH.L 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 | ESIH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.31% | 5.06% | +2.25% |
Volatility (6M)Calculated over the trailing 6-month period | 15.53% | 11.96% | +3.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.01% | 16.91% | +1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.34% | 17.75% | -1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.08% | 18.00% | +0.08% |
IS3N.DE vs. ESIH.L - Expense Ratio Comparison
Both IS3N.DE and ESIH.L have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IS3N.DE vs. ESIH.L - Dividend Comparison
Neither IS3N.DE nor ESIH.L has paid dividends to shareholders.
Frequently Asked Questions
IS3N.DE and ESIH.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IS3N.DE and ESIH.L have the same expense ratio: 0.18% per year.
IS3N.DE is categorized as Emerging Markets Equities, while ESIH.L is Health & Biotech Equities. IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI), while ESIH.L tracks MSCI World/Health Care NR USD.
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