IS3N.DE vs. IGLN.L
IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) and IGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market (IMI), while IGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, IS3N.DE returned 10.23%/yr vs 12.09%/yr for IGLN.L. At a 0.10 correlation, their price movements are largely independent. IS3N.DE charges 0.18%/yr vs 0.12%/yr for IGLN.L.
Performance
IS3N.DE vs. IGLN.L - Performance Comparison
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Different Trading Currencies
IS3N.DE is traded in EUR, while IGLN.L is traded in USD. To make them comparable, the IGLN.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 IGLN.L's -0.66% return. Over the past 10 years, IS3N.DE has underperformed IGLN.L with an annualized return of 10.23%, while IGLN.L has yielded a comparatively higher 12.09% annualized 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%
IGLN.L
- 1D
- 3.46%
- 1M
- -9.23%
- YTD
- -0.66%
- 6M
- -0.08%
- 1Y
- 22.88%
- 3Y*
- 26.36%
- 5Y*
- 18.51%
- 10Y*
- 12.09%
IS3N.DE vs. IGLN.L - 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) | 24.88% | 17.14% | 13.88% | 7.20% | -13.85% | 7.09% | 7.07% | 20.99% | -11.06% | 20.43% |
IGLN.L iShares Physical Gold ETC | -0.66% | 45.35% | 34.46% | 10.04% | 6.10% | 3.15% | 13.92% | 20.97% | 3.30% | -2.04% |
Correlation
The correlation between IS3N.DE and IGLN.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2014 | 0.10 |
Over the past year, IS3N.DE and IGLN.L have become more correlated (0.31) than their long-term average of 0.10, meaning their price movements have been converging.
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Return for Risk
IS3N.DE vs. IGLN.L — Risk / Return Rank
IS3N.DE
IGLN.L
IS3N.DE vs. IGLN.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 Physical Gold ETC (IGLN.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 | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.41 | ||
| Sortino ratioReturn per unit of downside risk | +1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.20 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | 1.10 | +3.00 |
| Martin ratioReturn relative to average drawdown | 14.25 | 3.40 | +10.85 |
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Drawdowns
IS3N.DE vs. IGLN.L - Drawdown Comparison
The maximum IS3N.DE drawdown since its inception was -35.06%, smaller than the maximum IGLN.L drawdown of -36.94%. Use the drawdown chart below to compare losses from any high point for IS3N.DE and IGLN.L.
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Drawdown Indicators
| IS3N.DE | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.06% | -36.94% | +1.88% |
Max Drawdown (1Y)Largest decline over 1 year | -10.52% | -22.28% | +11.76% |
Max Drawdown (3Y)Largest decline over 3 years | -19.18% | -22.28% | +3.10% |
Max Drawdown (5Y)Largest decline over 5 years | -21.99% | -22.28% | +0.29% |
Max Drawdown (10Y)Largest decline over 10 years | -32.51% | -22.28% | -10.23% |
Current DrawdownCurrent decline from peak | -3.21% | -19.59% | +16.38% |
Average DrawdownAverage peak-to-trough decline | -9.27% | -13.17% | +3.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 7.18% | -4.15% |
Volatility
IS3N.DE vs. IGLN.L - Volatility Comparison
iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) and iShares Physical Gold ETC (IGLN.L) have volatilities of 7.31% and 7.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3N.DE | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.31% | 7.27% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 15.53% | 21.85% | -6.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.01% | 24.70% | -6.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.34% | 16.91% | -0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.08% | 15.22% | +2.86% |
IS3N.DE vs. IGLN.L - Expense Ratio Comparison
IS3N.DE has a 0.18% expense ratio, which is higher than IGLN.L's 0.12% 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. IGLN.L - Dividend Comparison
Neither IS3N.DE nor IGLN.L has paid dividends to shareholders.
Frequently Asked Questions
IS3N.DE and IGLN.L have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGLN.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGLN.L is cheaper with a 0.12% expense ratio, compared with 0.18% for IS3N.DE.
IS3N.DE is categorized as Emerging Markets Equities, while IGLN.L is Gold. IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI), while IGLN.L tracks LBMA Gold Price. Their fees differ too: 0.18% for IS3N.DE and 0.12% for IGLN.L.
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