IS3N.DE vs. EUNZ.DE
IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) and EUNZ.DE (iShares Edge MSCI EM Minimum Volatility UCITS ETF) are both Emerging Markets Equities funds from iShares - IS3N.DE tracks the MSCI Emerging Markets Investable Market (IMI) while EUNZ.DE tracks the MSCI Emerging Markets Minimum Volatility. Both are passively managed. Over the past 10 years, IS3N.DE returned 10.00%/yr vs 6.20%/yr for EUNZ.DE. Their correlation of 0.91 suggests significant overlap in exposure. IS3N.DE charges 0.18%/yr vs 0.40%/yr for EUNZ.DE.
Performance
IS3N.DE vs. EUNZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3N.DE achieves a 25.82% return, which is significantly higher than EUNZ.DE's 18.69% return. Over the past 10 years, IS3N.DE has outperformed EUNZ.DE with an annualized return of 10.00%, while EUNZ.DE has yielded a comparatively lower 6.20% annualized return.
IS3N.DE
- 1D
- -1.45%
- 1M
- 5.25%
- YTD
- 25.82%
- 6M
- 27.45%
- 1Y
- 46.76%
- 3Y*
- 19.99%
- 5Y*
- 8.61%
- 10Y*
- 10.00%
EUNZ.DE
- 1D
- -1.19%
- 1M
- 5.16%
- YTD
- 18.69%
- 6M
- 18.37%
- 1Y
- 22.59%
- 3Y*
- 11.07%
- 5Y*
- 6.48%
- 10Y*
- 6.20%
IS3N.DE vs. EUNZ.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% |
EUNZ.DE iShares Edge MSCI EM Minimum Volatility UCITS ETF | 18.69% | -0.15% | 15.73% | 3.85% | -8.85% | 13.05% | -2.49% | 10.59% | -1.89% | 11.39% |
Correlation
The correlation between IS3N.DE and EUNZ.DE is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2014 | 0.91 |
The correlation between IS3N.DE and EUNZ.DE has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.
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Return for Risk
IS3N.DE vs. EUNZ.DE — Risk / Return Rank
IS3N.DE
EUNZ.DE
IS3N.DE vs. EUNZ.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 Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.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 | EUNZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.35 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 4.42 | 3.00 | +1.43 |
| Martin ratioReturn relative to average drawdown | 16.00 | 10.57 | +5.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IS3N.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.69 | 1.85 | +0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.56 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.46 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.35 | +0.08 |
Drawdowns
IS3N.DE vs. EUNZ.DE - Drawdown Comparison
The maximum IS3N.DE drawdown since its inception was -35.06%, which is greater than EUNZ.DE's maximum drawdown of -30.47%. Use the drawdown chart below to compare losses from any high point for IS3N.DE and EUNZ.DE.
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Drawdown Indicators
| IS3N.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.06% | -30.47% | -4.59% |
Max Drawdown (1Y)Largest decline over 1 year | -10.52% | -7.50% | -3.02% |
Max Drawdown (3Y)Largest decline over 3 years | -19.17% | -14.00% | -5.17% |
Max Drawdown (5Y)Largest decline over 5 years | -22.01% | -14.00% | -8.01% |
Max Drawdown (10Y)Largest decline over 10 years | -32.51% | -26.15% | -6.36% |
Current DrawdownCurrent decline from peak | -2.49% | -1.96% | -0.53% |
Average DrawdownAverage peak-to-trough decline | -9.30% | -7.62% | -1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 2.13% | +0.78% |
Volatility
IS3N.DE vs. EUNZ.DE - Volatility Comparison
iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a higher volatility of 7.16% compared to iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.DE) at 4.75%. This indicates that IS3N.DE's price experiences larger fluctuations and is considered to be riskier than EUNZ.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 | EUNZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.16% | 4.75% | +2.41% |
Volatility (6M)Calculated over the trailing 6-month period | 14.69% | 10.35% | +4.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.32% | 12.18% | +5.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.19% | 11.41% | +4.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.04% | 13.32% | +4.72% |
IS3N.DE vs. EUNZ.DE - Expense Ratio Comparison
IS3N.DE has a 0.18% expense ratio, which is lower than EUNZ.DE's 0.40% expense ratio.
Dividends
IS3N.DE vs. EUNZ.DE - Dividend Comparison
Neither IS3N.DE nor EUNZ.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3N.DE and EUNZ.DE have a correlation of 0.88, 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 0.40% for EUNZ.DE.
IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI), while EUNZ.DE tracks MSCI Emerging Markets Minimum Volatility. Their fees differ too: 0.18% for IS3N.DE and 0.40% for EUNZ.DE.
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