IS3S.DE vs. VWCE.DE
IS3S.DE (iShares Edge MSCI World Value Factor UCITS ETF) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both Global Equities funds - IS3S.DE tracks the MSCI World Enhanced Value while VWCE.DE tracks the FTSE All-World Index. Both are passively managed. Over the past 5 years, IS3S.DE returned 17.35%/yr vs 12.28%/yr for VWCE.DE. Their correlation of 0.85 suggests significant overlap in exposure. IS3S.DE charges 0.30%/yr vs 0.19%/yr for VWCE.DE.
Performance
IS3S.DE vs. VWCE.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 VWCE.DE's 12.64% 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%
VWCE.DE
- 1D
- -0.21%
- 1M
- 3.63%
- YTD
- 12.64%
- 6M
- 12.84%
- 1Y
- 26.31%
- 3Y*
- 17.85%
- 5Y*
- 12.28%
- 10Y*
- —
IS3S.DE vs. VWCE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IS3S.DE iShares Edge MSCI World Value Factor UCITS ETF | 35.27% | 25.13% | 11.36% | 15.62% | -4.81% | 30.38% | -12.53% | 7.62% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 12.64% | 9.16% | 24.41% | 18.18% | -13.47% | 28.62% | 5.36% | 8.01% |
Correlation
The correlation between IS3S.DE and VWCE.DE is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2019 | 0.85 |
The correlation between IS3S.DE and VWCE.DE has been stable across timeframes, ranging from 0.81 to 0.85 - a consistent structural relationship.
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Return for Risk
IS3S.DE vs. VWCE.DE — Risk / Return Rank
IS3S.DE
VWCE.DE
IS3S.DE vs. VWCE.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 Vanguard FTSE All-World UCITS ETF (VWCE.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 | VWCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.22 | ||
| Sortino ratioReturn per unit of downside risk | +2.90 | ||
| Omega ratioGain probability vs. loss probability | 1.83 | 1.43 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 10.36 | 4.01 | +6.34 |
| Martin ratioReturn relative to average drawdown | 39.01 | 16.55 | +22.46 |
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 | VWCE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.53 | 2.31 | +2.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.24 | 0.88 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.79 | -0.10 |
Drawdowns
IS3S.DE vs. VWCE.DE - Drawdown Comparison
The maximum IS3S.DE drawdown since its inception was -35.18%, which is greater than VWCE.DE's maximum drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for IS3S.DE and VWCE.DE.
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Drawdown Indicators
| IS3S.DE | VWCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.18% | -33.43% | -1.75% |
Max Drawdown (1Y)Largest decline over 1 year | -6.09% | -6.55% | +0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -17.80% | -21.07% | +3.27% |
Max Drawdown (5Y)Largest decline over 5 years | -17.80% | -21.07% | +3.27% |
Max Drawdown (10Y)Largest decline over 10 years | -35.18% | — | — |
Current DrawdownCurrent decline from peak | -0.83% | -0.66% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -5.82% | -4.69% | -1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 1.59% | +0.03% |
Volatility
IS3S.DE vs. VWCE.DE - Volatility Comparison
iShares Edge MSCI World Value Factor UCITS ETF (IS3S.DE) has a higher volatility of 5.62% compared to Vanguard FTSE All-World UCITS ETF (VWCE.DE) at 3.06%. This indicates that IS3S.DE's price experiences larger fluctuations and is considered to be riskier than VWCE.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 | VWCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.62% | 3.06% | +2.56% |
Volatility (6M)Calculated over the trailing 6-month period | 11.32% | 8.18% | +3.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.93% | 11.37% | +2.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.85% | 13.75% | +0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.76% | 16.16% | -0.40% |
IS3S.DE vs. VWCE.DE - Expense Ratio Comparison
IS3S.DE has a 0.30% expense ratio, which is higher than VWCE.DE's 0.19% expense ratio.
Dividends
IS3S.DE vs. VWCE.DE - Dividend Comparison
Neither IS3S.DE nor VWCE.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3S.DE and VWCE.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VWCE.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWCE.DE is cheaper with a 0.19% expense ratio, compared with 0.30% for IS3S.DE.
IS3S.DE tracks MSCI World Enhanced Value, while VWCE.DE tracks FTSE All-World Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.30% for IS3S.DE and 0.19% for VWCE.DE.
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