IS3N.DE vs. IWDA.AS
IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) and IWDA.AS (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market (IMI), while IWDA.AS is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, IS3N.DE returned 10.33%/yr vs 13.10%/yr for IWDA.AS. A 0.71 correlation means they provide meaningful diversification when combined. IS3N.DE charges 0.18%/yr vs 0.20%/yr for IWDA.AS.
Performance
IS3N.DE vs. IWDA.AS - Performance Comparison
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Returns By Period
In the year-to-date period, IS3N.DE achieves a 26.75% return, which is significantly higher than IWDA.AS's 11.31% return. Over the past 10 years, IS3N.DE has underperformed IWDA.AS with an annualized return of 10.33%, while IWDA.AS has yielded a comparatively higher 13.10% annualized return.
IS3N.DE
- 1D
- -1.02%
- 1M
- 5.90%
- YTD
- 26.75%
- 6M
- 30.88%
- 1Y
- 45.63%
- 3Y*
- 19.41%
- 5Y*
- 8.65%
- 10Y*
- 10.33%
IWDA.AS
- 1D
- -0.08%
- 1M
- 2.60%
- YTD
- 11.31%
- 6M
- 13.13%
- 1Y
- 24.64%
- 3Y*
- 17.15%
- 5Y*
- 12.43%
- 10Y*
- 13.10%
IS3N.DE vs. IWDA.AS - 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) | 26.75% | 17.14% | 13.88% | 7.20% | -13.85% | 7.09% | 7.07% | 20.99% | -11.06% | 20.43% |
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc) | 11.31% | 7.08% | 27.23% | 19.89% | -13.54% | 32.54% | 6.20% | 29.58% | -4.16% | 7.49% |
Correlation
The correlation between IS3N.DE and IWDA.AS is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2014 | 0.71 |
The correlation between IS3N.DE and IWDA.AS has been stable across timeframes, ranging from 0.63 to 0.72 - a consistent structural relationship.
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Return for Risk
IS3N.DE vs. IWDA.AS — Risk / Return Rank
IS3N.DE
IWDA.AS
IS3N.DE vs. IWDA.AS - 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 MSCI World UCITS ETF USD (Acc) (IWDA.AS). 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 | IWDA.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.41 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.32 | 3.77 | +0.55 |
| Martin ratioReturn relative to average drawdown | 15.01 | 14.95 | +0.06 |
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Drawdowns
IS3N.DE vs. IWDA.AS - Drawdown Comparison
The maximum IS3N.DE drawdown since its inception was -35.06%, roughly equal to the maximum IWDA.AS drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for IS3N.DE and IWDA.AS.
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Drawdown Indicators
| IS3N.DE | IWDA.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.06% | -33.63% | -1.43% |
Max Drawdown (1Y)Largest decline over 1 year | -10.52% | -6.45% | -4.07% |
Max Drawdown (3Y)Largest decline over 3 years | -19.18% | -21.59% | +2.41% |
Max Drawdown (5Y)Largest decline over 5 years | -21.99% | -21.59% | -0.40% |
Max Drawdown (10Y)Largest decline over 10 years | -32.51% | -33.63% | +1.12% |
Current DrawdownCurrent decline from peak | -1.76% | -0.12% | -1.64% |
Average DrawdownAverage peak-to-trough decline | -9.26% | -4.23% | -5.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 1.63% | +1.40% |
Volatility
IS3N.DE vs. IWDA.AS - Volatility Comparison
iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a higher volatility of 7.11% compared to iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) at 3.07%. This indicates that IS3N.DE's price experiences larger fluctuations and is considered to be riskier than IWDA.AS 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 | IWDA.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.11% | 3.07% | +4.04% |
Volatility (6M)Calculated over the trailing 6-month period | 15.75% | 7.97% | +7.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.12% | 11.14% | +6.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.39% | 14.13% | +2.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.10% | 15.01% | +3.09% |
IS3N.DE vs. IWDA.AS - Expense Ratio Comparison
IS3N.DE has a 0.18% expense ratio, which is lower than IWDA.AS's 0.20% expense ratio. Despite the difference, 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. IWDA.AS - Dividend Comparison
Neither IS3N.DE nor IWDA.AS has paid dividends to shareholders.
Frequently Asked Questions
IS3N.DE and IWDA.AS have a correlation of 0.72, 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 0.20% for IWDA.AS.
IS3N.DE is categorized as Emerging Markets Equities, while IWDA.AS is Global Equities. IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI), while IWDA.AS tracks MSCI World Index. Their fees differ too: 0.18% for IS3N.DE and 0.20% for IWDA.AS.
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