IS3N.DE vs. VGK
IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) and VGK (Vanguard FTSE Europe ETF) are both exchange-traded funds - IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market (IMI), while VGK is a Europe Equities fund tracking the FTSE Developed Europe All Cap Index. Both are passively managed. Over the past 10 years, IS3N.DE returned 10.23%/yr vs 9.92%/yr for VGK. A 0.56 correlation means they provide meaningful diversification when combined. IS3N.DE charges 0.18%/yr vs 0.06%/yr for VGK.
Performance
IS3N.DE vs. VGK - Performance Comparison
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Different Trading Currencies
IS3N.DE is traded in EUR, while VGK is traded in USD. To make them comparable, the VGK 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 VGK's 9.35% return. Both investments have delivered pretty close results over the past 10 years, with IS3N.DE having a 10.23% annualized return and VGK not far behind at 9.92%.
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%
VGK
- 1D
- 0.26%
- 1M
- 3.37%
- YTD
- 9.35%
- 6M
- 11.54%
- 1Y
- 19.55%
- 3Y*
- 14.01%
- 5Y*
- 9.49%
- 10Y*
- 9.92%
IS3N.DE vs. VGK - 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% |
VGK Vanguard FTSE Europe ETF | 9.35% | 19.71% | 8.60% | 16.58% | -10.77% | 25.63% | -3.26% | 27.67% | -10.89% | 11.38% |
Correlation
The correlation between IS3N.DE and VGK is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2014 | 0.56 |
The correlation between IS3N.DE and VGK has been stable across timeframes, ranging from 0.48 to 0.56 - a consistent structural relationship.
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Return for Risk
IS3N.DE vs. VGK — Risk / Return Rank
IS3N.DE
VGK
IS3N.DE vs. VGK - 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 Vanguard FTSE Europe ETF (VGK). 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 | VGK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.07 | ||
| Sortino ratioReturn per unit of downside risk | +1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.24 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | 1.77 | +2.33 |
| Martin ratioReturn relative to average drawdown | 14.25 | 7.25 | +7.00 |
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Drawdowns
IS3N.DE vs. VGK - Drawdown Comparison
The maximum IS3N.DE drawdown since its inception was -35.06%, smaller than the maximum VGK drawdown of -58.19%. Use the drawdown chart below to compare losses from any high point for IS3N.DE and VGK.
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Drawdown Indicators
| IS3N.DE | VGK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.06% | -58.19% | +23.13% |
Max Drawdown (1Y)Largest decline over 1 year | -10.52% | -10.30% | -0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -19.18% | -15.24% | -3.94% |
Max Drawdown (5Y)Largest decline over 5 years | -21.99% | -21.12% | -0.87% |
Max Drawdown (10Y)Largest decline over 10 years | -32.51% | -37.21% | +4.70% |
Current DrawdownCurrent decline from peak | -3.21% | 0.00% | -3.21% |
Average DrawdownAverage peak-to-trough decline | -9.27% | -11.74% | +2.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 2.53% | +0.50% |
Volatility
IS3N.DE vs. VGK - Volatility Comparison
iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a higher volatility of 7.31% compared to Vanguard FTSE Europe ETF (VGK) at 4.85%. This indicates that IS3N.DE's price experiences larger fluctuations and is considered to be riskier than VGK 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 | VGK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.31% | 4.85% | +2.46% |
Volatility (6M)Calculated over the trailing 6-month period | 15.53% | 11.55% | +3.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.01% | 13.73% | +4.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.34% | 14.96% | +1.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.08% | 17.22% | +0.86% |
IS3N.DE vs. VGK - Expense Ratio Comparison
IS3N.DE has a 0.18% expense ratio, which is higher than VGK's 0.06% 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. VGK - Dividend Comparison
IS3N.DE has not paid dividends to shareholders, while VGK's dividend yield for the trailing twelve months is around 2.76%.
| 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% |
VGK Vanguard FTSE Europe ETF | 2.76% | 2.86% | 3.61% | 3.15% | 3.25% | 3.05% | 2.11% | 3.27% | 3.95% | 2.70% | 3.52% | 3.25% |
Frequently Asked Questions
IS3N.DE and VGK have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGK is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGK is cheaper with a 0.06% expense ratio, compared with 0.18% for IS3N.DE.
IS3N.DE is categorized as Emerging Markets Equities, while VGK is Europe Equities. IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI), while VGK tracks FTSE Developed Europe All Cap Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.18% for IS3N.DE and 0.06% for VGK.
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