IS3S.DE vs. IS3R.DE
IS3S.DE (iShares Edge MSCI World Value Factor UCITS ETF) and IS3R.DE (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) are both exchange-traded funds - IS3S.DE is a Global Equities fund tracking the MSCI World Enhanced Value, while IS3R.DE is a Momentum fund tracking the MSCI World Momentum Index. Both are passively managed. Over the past 10 years, IS3S.DE returned 12.60%/yr vs 15.31%/yr for IS3R.DE. A 0.74 correlation means they provide meaningful diversification when combined. IS3S.DE charges 0.30%/yr vs 0.25%/yr for IS3R.DE.
Performance
IS3S.DE vs. IS3R.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3S.DE achieves a 35.27% return, which is significantly higher than IS3R.DE's 22.51% return. Over the past 10 years, IS3S.DE has underperformed IS3R.DE with an annualized return of 12.60%, while IS3R.DE has yielded a comparatively higher 15.31% annualized return.
IS3S.DE
- 1D
- -0.83%
- 1M
- 11.04%
- YTD
- 35.27%
- 6M
- 38.20%
- 1Y
- 63.38%
- 3Y*
- 26.82%
- 5Y*
- 17.35%
- 10Y*
- 12.60%
IS3R.DE
- 1D
- -1.01%
- 1M
- 6.72%
- YTD
- 22.51%
- 6M
- 23.47%
- 1Y
- 31.36%
- 3Y*
- 26.05%
- 5Y*
- 14.66%
- 10Y*
- 15.31%
IS3S.DE vs. IS3R.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3S.DE iShares Edge MSCI World Value Factor UCITS ETF | 35.27% | 25.13% | 11.36% | 15.62% | -4.81% | 30.38% | -12.53% | 22.01% | -10.34% | 7.66% |
IS3R.DE iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) | 22.51% | 8.37% | 37.95% | 8.09% | -13.60% | 24.50% | 16.41% | 31.50% | 0.27% | 16.07% |
Correlation
The correlation between IS3S.DE and IS3R.DE 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 | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2014 | 0.74 |
The correlation between IS3S.DE and IS3R.DE has been stable across timeframes, ranging from 0.66 to 0.74 - a consistent structural relationship.
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Return for Risk
IS3S.DE vs. IS3R.DE — Risk / Return Rank
IS3S.DE
IS3R.DE
IS3S.DE vs. IS3R.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Value Factor UCITS ETF (IS3S.DE) and iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IS3R.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.
| IS3S.DE | IS3R.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.69 | ||
| Sortino ratioReturn per unit of downside risk | +3.39 | ||
| Omega ratioGain probability vs. loss probability | 1.83 | 1.34 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 10.36 | 3.48 | +6.88 |
| Martin ratioReturn relative to average drawdown | 39.01 | 13.30 | +25.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IS3S.DE | IS3R.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.53 | 1.84 | +2.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.24 | 0.84 | +0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.88 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.85 | -0.16 |
Drawdowns
IS3S.DE vs. IS3R.DE - Drawdown Comparison
The maximum IS3S.DE drawdown since its inception was -35.18%, which is greater than IS3R.DE's maximum drawdown of -30.77%. Use the drawdown chart below to compare losses from any high point for IS3S.DE and IS3R.DE.
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Drawdown Indicators
| IS3S.DE | IS3R.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.18% | -30.77% | -4.41% |
Max Drawdown (1Y)Largest decline over 1 year | -6.09% | -9.01% | +2.92% |
Max Drawdown (3Y)Largest decline over 3 years | -17.80% | -23.57% | +5.77% |
Max Drawdown (5Y)Largest decline over 5 years | -17.80% | -23.57% | +5.77% |
Max Drawdown (10Y)Largest decline over 10 years | -35.18% | -30.77% | -4.41% |
Current DrawdownCurrent decline from peak | -0.83% | -1.01% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -5.82% | -5.67% | -0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 2.36% | -0.74% |
Volatility
IS3S.DE vs. IS3R.DE - Volatility Comparison
The current volatility for iShares Edge MSCI World Value Factor UCITS ETF (IS3S.DE) is 5.62%, while iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IS3R.DE) has a volatility of 5.96%. This indicates that IS3S.DE experiences smaller price fluctuations and is considered to be less risky than IS3R.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3S.DE | IS3R.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.62% | 5.96% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 11.32% | 14.33% | -3.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.93% | 17.01% | -3.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.85% | 17.32% | -3.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.76% | 17.23% | -1.47% |
IS3S.DE vs. IS3R.DE - Expense Ratio Comparison
IS3S.DE has a 0.30% expense ratio, which is higher than IS3R.DE's 0.25% expense ratio.
Dividends
IS3S.DE vs. IS3R.DE - Dividend Comparison
Neither IS3S.DE nor IS3R.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3S.DE and IS3R.DE 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, IS3R.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3R.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for IS3S.DE.
IS3S.DE is categorized as Global Equities, while IS3R.DE is Momentum. IS3S.DE tracks MSCI World Enhanced Value, while IS3R.DE tracks MSCI World Momentum Index. Their fees differ too: 0.30% for IS3S.DE and 0.25% for IS3R.DE.
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