IS3N.DE vs. UETE.DE
IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) and UETE.DE (UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc) are both Emerging Markets Equities funds - IS3N.DE tracks the MSCI Emerging Markets Investable Market Index (IMI) while UETE.DE tracks the MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped. Both are passively managed. Over the past 5 years, IS3N.DE returned 7.88%/yr vs 9.13%/yr for UETE.DE. Their correlation of 0.91 suggests significant overlap in exposure. IS3N.DE charges 0.18%/yr vs 0.24%/yr for UETE.DE.
Performance
IS3N.DE vs. UETE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3N.DE achieves a 21.93% return, which is significantly lower than UETE.DE's 30.14% return.
IS3N.DE
- 1D
- -0.30%
- 1M
- -4.79%
- 6M
- 14.75%
- YTD
- 21.93%
- 1Y
- 36.45%
- 3Y*
- 18.54%
- 5Y*
- 7.88%
- 10Y*
- 8.85%
UETE.DE
- 1D
- -0.15%
- 1M
- -5.30%
- 6M
- 25.20%
- YTD
- 30.14%
- 1Y
- 47.10%
- 3Y*
- 22.81%
- 5Y*
- 9.13%
- 10Y*
- —
IS3N.DE vs. UETE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 21.93% | 17.14% | 13.88% | 7.20% | -13.85% | 7.09% | 7.07% | 13.88% |
UETE.DE UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc | 30.14% | 21.01% | 16.13% | 2.59% | -15.04% | 7.14% | 5.67% | -5.92% |
Correlation
The correlation between IS3N.DE and UETE.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2019 | 0.91 |
The correlation between IS3N.DE and UETE.DE has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
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Return for Risk
IS3N.DE vs. UETE.DE — Risk / Return Rank
IS3N.DE
UETE.DE
IS3N.DE vs. UETE.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 UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc (UETE.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 | UETE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.40 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.45 | 4.97 | -1.52 |
| Martin ratioReturn relative to average drawdown | 10.72 | 14.15 | -3.42 |
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Drawdowns
IS3N.DE vs. UETE.DE - Drawdown Comparison
The maximum IS3N.DE drawdown since its inception was -35.06%, smaller than the maximum UETE.DE drawdown of -39.65%. Use the drawdown chart below to compare losses from any high point for IS3N.DE and UETE.DE.
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Drawdown Indicators
| IS3N.DE | UETE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.06% | -39.65% | +4.59% |
Max Drawdown (1Y)Largest decline over 1 year | -10.52% | -9.43% | -1.09% |
Max Drawdown (3Y)Largest decline over 3 years | -19.18% | -20.18% | +1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -21.99% | -23.78% | +1.79% |
Max Drawdown (10Y)Largest decline over 10 years | -32.51% | — | — |
Current DrawdownCurrent decline from peak | -7.75% | -8.62% | +0.87% |
Average DrawdownAverage peak-to-trough decline | -9.23% | -11.47% | +2.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 3.32% | +0.07% |
Volatility
IS3N.DE vs. UETE.DE - Volatility Comparison
iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) and UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc (UETE.DE) have volatilities of 8.26% and 8.53%, 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 | UETE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.26% | 8.53% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 17.21% | 18.33% | -1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.58% | 20.94% | -1.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.70% | 18.49% | -1.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.18% | 21.14% | -2.96% |
IS3N.DE vs. UETE.DE - Expense Ratio Comparison
IS3N.DE has a 0.18% expense ratio, which is lower than UETE.DE's 0.24% 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. UETE.DE - Dividend Comparison
Neither IS3N.DE nor UETE.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, IS3N.DE and UETE.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.24% for UETE.DE.
IS3N.DE tracks MSCI Emerging Markets Investable Market Index (IMI), while UETE.DE tracks MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped. They also come from different issuers: iShares and UBS. Their fees differ too: 0.18% for IS3N.DE and 0.24% for UETE.DE.
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