IS3N.DE vs. XDEM.L
IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) and XDEM.L (Xtrackers MSCI World Momentum Factor UCITS ETF 1C) are both exchange-traded funds - IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market (IMI), while XDEM.L is a Momentum fund tracking the MSCI World Momentum Index. Both are passively managed. Over the past 10 years, IS3N.DE returned 10.33%/yr vs 16.12%/yr for XDEM.L. A 0.62 correlation means they provide meaningful diversification when combined. IS3N.DE charges 0.18%/yr vs 0.25%/yr for XDEM.L.
Performance
IS3N.DE vs. XDEM.L - Performance Comparison
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Different Trading Currencies
IS3N.DE is traded in EUR, while XDEM.L is traded in GBp. To make them comparable, the XDEM.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with IS3N.DE having a 26.75% return and XDEM.L slightly lower at 25.84%. Over the past 10 years, IS3N.DE has underperformed XDEM.L with an annualized return of 10.33%, while XDEM.L has yielded a comparatively higher 16.12% 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%
XDEM.L
- 1D
- -0.58%
- 1M
- 7.53%
- YTD
- 25.84%
- 6M
- 28.51%
- 1Y
- 36.08%
- 3Y*
- 26.16%
- 5Y*
- 15.00%
- 10Y*
- 16.12%
IS3N.DE vs. XDEM.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) | 26.75% | 17.14% | 13.88% | 7.20% | -13.85% | 7.09% | 7.07% | 20.99% | -11.06% | 20.43% |
XDEM.L Xtrackers MSCI World Momentum Factor UCITS ETF 1C | 25.84% | 6.65% | 39.28% | 8.13% | -12.80% | 23.13% | 17.40% | 31.22% | 1.02% | 15.65% |
Correlation
The correlation between IS3N.DE and XDEM.L is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2014 | 0.62 |
The correlation between IS3N.DE and XDEM.L shifts across timeframes, from 0.55 (5 years) to 0.69 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IS3N.DE vs. XDEM.L — Risk / Return Rank
IS3N.DE
XDEM.L
IS3N.DE vs. XDEM.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 Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.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 | XDEM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.37 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.32 | 3.93 | +0.39 |
| Martin ratioReturn relative to average drawdown | 15.01 | 15.27 | -0.26 |
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Drawdowns
IS3N.DE vs. XDEM.L - Drawdown Comparison
The maximum IS3N.DE drawdown since its inception was -35.06%, smaller than the maximum XDEM.L drawdown of -49.06%. Use the drawdown chart below to compare losses from any high point for IS3N.DE and XDEM.L.
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Drawdown Indicators
| IS3N.DE | XDEM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.06% | -49.06% | +14.00% |
Max Drawdown (1Y)Largest decline over 1 year | -10.52% | -9.15% | -1.37% |
Max Drawdown (3Y)Largest decline over 3 years | -19.18% | -22.76% | +3.58% |
Max Drawdown (5Y)Largest decline over 5 years | -21.99% | -22.76% | +0.77% |
Max Drawdown (10Y)Largest decline over 10 years | -32.51% | -30.16% | -2.35% |
Current DrawdownCurrent decline from peak | -1.76% | -0.58% | -1.18% |
Average DrawdownAverage peak-to-trough decline | -9.26% | -15.46% | +6.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 2.36% | +0.67% |
Volatility
IS3N.DE vs. XDEM.L - Volatility Comparison
iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) and Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.L) have volatilities of 7.11% and 6.94%, 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 | XDEM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.11% | 6.94% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 15.75% | 15.05% | +0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.12% | 17.53% | +0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.39% | 22.21% | -5.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.10% | 22.81% | -4.71% |
IS3N.DE vs. XDEM.L - Expense Ratio Comparison
IS3N.DE has a 0.18% expense ratio, which is lower than XDEM.L's 0.25% 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. XDEM.L - Dividend Comparison
Neither IS3N.DE nor XDEM.L has paid dividends to shareholders.
Frequently Asked Questions
IS3N.DE and XDEM.L have a correlation of 0.69, 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 0.25% for XDEM.L.
IS3N.DE is categorized as Emerging Markets Equities, while XDEM.L is Momentum. IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI), while XDEM.L tracks MSCI World Momentum Index. They also come from different issuers: iShares and DWS. Their fees differ too: 0.18% for IS3N.DE and 0.25% for XDEM.L.
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