IS3N.DE vs. IUSA.DE
IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) and IUSA.DE (iShares Core S&P 500 UCITS ETF USD Dist) are both exchange-traded funds - IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index (IMI), while IUSA.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, IS3N.DE returned 8.50%/yr vs 14.31%/yr for IUSA.DE. A 0.65 correlation means they provide meaningful diversification when combined. IS3N.DE charges 0.18%/yr vs 0.07%/yr for IUSA.DE.
Performance
IS3N.DE vs. IUSA.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 IUSA.DE's 11.82% return. Over the past 10 years, IS3N.DE has underperformed IUSA.DE with an annualized return of 8.50%, while IUSA.DE has yielded a comparatively higher 14.31% 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%
IUSA.DE
- 1D
- -1.23%
- 1M
- 0.29%
- 6M
- 9.52%
- YTD
- 11.82%
- 1Y
- 21.99%
- 3Y*
- 18.64%
- 5Y*
- 13.46%
- 10Y*
- 14.31%
IS3N.DE vs. IUSA.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% |
IUSA.DE iShares Core S&P 500 UCITS ETF USD Dist | 11.82% | 4.69% | 32.36% | 22.47% | -14.25% | 40.75% | 6.77% | 34.55% | -1.14% | 6.67% |
Correlation
The correlation between IS3N.DE and IUSA.DE is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2014 | 0.65 |
The correlation between IS3N.DE and IUSA.DE has been stable across timeframes, ranging from 0.56 to 0.65 - a consistent structural relationship.
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Return for Risk
IS3N.DE vs. IUSA.DE — Risk / Return Rank
IS3N.DE
IUSA.DE
IS3N.DE vs. IUSA.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 Core S&P 500 UCITS ETF USD Dist (IUSA.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 | IUSA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.34 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 3.11 | -0.22 |
| Martin ratioReturn relative to average drawdown | 8.76 | 11.06 | -2.31 |
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Drawdowns
IS3N.DE vs. IUSA.DE - Drawdown Comparison
The maximum IS3N.DE drawdown since its inception was -35.06%, smaller than the maximum IUSA.DE drawdown of -52.05%. Use the drawdown chart below to compare losses from any high point for IS3N.DE and IUSA.DE.
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Drawdown Indicators
| IS3N.DE | IUSA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.06% | -52.05% | +16.99% |
Max Drawdown (1Y)Largest decline over 1 year | -10.59% | -6.90% | -3.69% |
Max Drawdown (3Y)Largest decline over 3 years | -19.18% | -23.36% | +4.18% |
Max Drawdown (5Y)Largest decline over 5 years | -21.99% | -23.36% | +1.37% |
Max Drawdown (10Y)Largest decline over 10 years | -32.51% | -33.67% | +1.16% |
Current DrawdownCurrent decline from peak | -10.59% | -1.33% | -9.26% |
Average DrawdownAverage peak-to-trough decline | -9.23% | -8.41% | -0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 1.94% | +1.56% |
Volatility
IS3N.DE vs. IUSA.DE - Volatility Comparison
iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a higher volatility of 8.01% compared to iShares Core S&P 500 UCITS ETF USD Dist (IUSA.DE) at 3.00%. This indicates that IS3N.DE's price experiences larger fluctuations and is considered to be riskier than IUSA.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 | IUSA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.01% | 3.00% | +5.01% |
Volatility (6M)Calculated over the trailing 6-month period | 17.36% | 7.88% | +9.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.68% | 11.64% | +8.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.72% | 15.21% | +1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.19% | 16.04% | +2.15% |
IS3N.DE vs. IUSA.DE - Expense Ratio Comparison
IS3N.DE has a 0.18% expense ratio, which is higher than IUSA.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. IUSA.DE - Dividend Comparison
IS3N.DE has not paid dividends to shareholders, while IUSA.DE's dividend yield for the trailing twelve months is around 0.86%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IUSA.DE iShares Core S&P 500 UCITS ETF USD Dist | 0.86% | 0.94% | 0.99% | 1.25% | 1.46% | 0.99% | 1.40% | 1.48% | 1.70% | 1.51% | 1.37% | 1.52% |
Frequently Asked Questions
IS3N.DE and IUSA.DE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSA.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 IUSA.DE is S&P 500. IS3N.DE tracks MSCI Emerging Markets Investable Market Index (IMI), while IUSA.DE tracks S&P 500 Index. Their fees differ too: 0.18% for IS3N.DE and 0.07% for IUSA.DE.
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