IS3N.DE vs. ETLX.DE
IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) and ETLX.DE (L&G Gold Mining UCITS ETF) are both exchange-traded funds - IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index (IMI), while ETLX.DE is a Gold fund tracking the DAXglobal® Gold Miners. Both are passively managed. Over the past 10 years, IS3N.DE returned 8.50%/yr vs 11.24%/yr for ETLX.DE. At a 0.21 correlation, their price movements are largely independent. IS3N.DE charges 0.18%/yr vs 0.65%/yr for ETLX.DE.
Performance
IS3N.DE vs. ETLX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3N.DE achieves a 18.17% return, which is significantly higher than ETLX.DE's -17.69% return. Over the past 10 years, IS3N.DE has underperformed ETLX.DE with an annualized return of 8.50%, while ETLX.DE has yielded a comparatively higher 11.24% annualized return.
IS3N.DE
- 1D
- -1.97%
- 1M
- -9.63%
- 6M
- 10.94%
- YTD
- 18.17%
- 1Y
- 31.10%
- 3Y*
- 17.61%
- 5Y*
- 7.21%
- 10Y*
- 8.50%
ETLX.DE
- 1D
- -1.41%
- 1M
- -14.44%
- 6M
- -25.07%
- YTD
- -17.69%
- 1Y
- 45.65%
- 3Y*
- 37.92%
- 5Y*
- 22.00%
- 10Y*
- 11.24%
IS3N.DE vs. ETLX.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) | 18.17% | 17.14% | 13.88% | 7.20% | -13.85% | 7.09% | 7.07% | 20.99% | -11.06% | 20.43% |
ETLX.DE L&G Gold Mining UCITS ETF | -17.69% | 152.51% | 27.45% | 11.01% | -7.07% | -3.33% | 12.25% | 42.55% | -5.79% | -3.18% |
Correlation
The correlation between IS3N.DE and ETLX.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2014 | 0.21 |
Over the past year, IS3N.DE and ETLX.DE have become more correlated (0.46) than their long-term average of 0.21, meaning their price movements have been converging.
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Return for Risk
IS3N.DE vs. ETLX.DE — Risk / Return Rank
IS3N.DE
ETLX.DE
IS3N.DE vs. ETLX.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 L&G Gold Mining UCITS ETF (ETLX.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 | ETLX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.18 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 1.25 | +1.63 |
| Martin ratioReturn relative to average drawdown | 8.76 | 2.92 | +5.83 |
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Drawdowns
IS3N.DE vs. ETLX.DE - Drawdown Comparison
The maximum IS3N.DE drawdown since its inception was -35.06%, smaller than the maximum ETLX.DE drawdown of -73.44%. Use the drawdown chart below to compare losses from any high point for IS3N.DE and ETLX.DE.
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Drawdown Indicators
| IS3N.DE | ETLX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.06% | -73.44% | +38.38% |
Max Drawdown (1Y)Largest decline over 1 year | -10.59% | -36.57% | +25.98% |
Max Drawdown (3Y)Largest decline over 3 years | -19.18% | -36.57% | +17.39% |
Max Drawdown (5Y)Largest decline over 5 years | -21.99% | -42.01% | +20.02% |
Max Drawdown (10Y)Largest decline over 10 years | -32.51% | -47.06% | +14.55% |
Current DrawdownCurrent decline from peak | -10.59% | -36.57% | +25.98% |
Average DrawdownAverage peak-to-trough decline | -9.23% | -34.38% | +25.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 15.71% | -12.21% |
Volatility
IS3N.DE vs. ETLX.DE - Volatility Comparison
The current volatility for iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) is 8.01%, while L&G Gold Mining UCITS ETF (ETLX.DE) has a volatility of 13.74%. This indicates that IS3N.DE experiences smaller price fluctuations and is considered to be less risky than ETLX.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 | ETLX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.01% | 13.74% | -5.73% |
Volatility (6M)Calculated over the trailing 6-month period | 17.36% | 37.76% | -20.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.68% | 48.26% | -28.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.72% | 36.80% | -20.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.19% | 34.09% | -15.90% |
IS3N.DE vs. ETLX.DE - Expense Ratio Comparison
IS3N.DE has a 0.18% expense ratio, which is lower than ETLX.DE's 0.65% expense ratio.
Dividends
IS3N.DE vs. ETLX.DE - Dividend Comparison
Neither IS3N.DE nor ETLX.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3N.DE and ETLX.DE have a correlation of 0.46, 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 0.65% for ETLX.DE.
IS3N.DE is categorized as Emerging Markets Equities, while ETLX.DE is Gold. IS3N.DE tracks MSCI Emerging Markets Investable Market Index (IMI), while ETLX.DE tracks DAXglobal® Gold Miners. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.18% for IS3N.DE and 0.65% for ETLX.DE.
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