IS3U.DE vs. EUN0.DE
IS3U.DE (iShares MSCI France UCITS ETF EUR (Acc)) and EUN0.DE (iShares Edge MSCI Europe Minimum Volatility UCITS ETF) are both Europe Equities funds from iShares - IS3U.DE tracks the MSCI France Index while EUN0.DE tracks the MSCI Europe Minimum Volatility. Both are passively managed. Over the past 10 years, IS3U.DE returned 9.25%/yr vs 6.66%/yr for EUN0.DE. A 0.79 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
IS3U.DE vs. EUN0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3U.DE achieves a 3.55% return, which is significantly lower than EUN0.DE's 5.60% return. Over the past 10 years, IS3U.DE has outperformed EUN0.DE with an annualized return of 9.25%, while EUN0.DE has yielded a comparatively lower 6.66% annualized return.
IS3U.DE
- 1D
- 1.13%
- 1M
- 0.06%
- YTD
- 3.55%
- 6M
- 4.27%
- 1Y
- 8.44%
- 3Y*
- 7.55%
- 5Y*
- 7.56%
- 10Y*
- 9.25%
EUN0.DE
- 1D
- 0.54%
- 1M
- -0.19%
- YTD
- 5.60%
- 6M
- 7.10%
- 1Y
- 5.26%
- 3Y*
- 10.39%
- 5Y*
- 7.36%
- 10Y*
- 6.66%
IS3U.DE vs. EUN0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3U.DE iShares MSCI France UCITS ETF EUR (Acc) | 3.55% | 14.48% | 0.41% | 17.60% | -6.82% | 28.35% | -4.13% | 31.67% | -9.06% | 14.42% |
EUN0.DE iShares Edge MSCI Europe Minimum Volatility UCITS ETF | 5.60% | 12.27% | 11.42% | 10.79% | -13.21% | 21.54% | -4.02% | 24.17% | -4.36% | 9.14% |
Correlation
The correlation between IS3U.DE and EUN0.DE 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 | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014 | 0.79 |
The correlation between IS3U.DE and EUN0.DE shifts across timeframes, from 0.69 (1 year) to 0.80 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
IS3U.DE vs. EUN0.DE — Risk / Return Rank
IS3U.DE
EUN0.DE
IS3U.DE vs. EUN0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI France UCITS ETF EUR (Acc) (IS3U.DE) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.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.
| IS3U.DE | EUN0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.11 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 0.76 | 0.00 |
| Martin ratioReturn relative to average drawdown | 2.37 | 1.97 | +0.40 |
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
| IS3U.DE | EUN0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.58 | 0.62 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.66 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.53 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.63 | -0.15 |
Drawdowns
IS3U.DE vs. EUN0.DE - Drawdown Comparison
The maximum IS3U.DE drawdown since its inception was -38.98%, which is greater than EUN0.DE's maximum drawdown of -30.68%. Use the drawdown chart below to compare losses from any high point for IS3U.DE and EUN0.DE.
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Drawdown Indicators
| IS3U.DE | EUN0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.98% | -30.68% | -8.30% |
Max Drawdown (1Y)Largest decline over 1 year | -10.86% | -7.16% | -3.70% |
Max Drawdown (3Y)Largest decline over 3 years | -15.91% | -10.73% | -5.18% |
Max Drawdown (5Y)Largest decline over 5 years | -20.82% | -19.64% | -1.18% |
Max Drawdown (10Y)Largest decline over 10 years | -38.98% | -30.68% | -8.30% |
Current DrawdownCurrent decline from peak | -2.54% | -3.12% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -4.69% | -1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 2.76% | +0.70% |
Volatility
IS3U.DE vs. EUN0.DE - Volatility Comparison
iShares MSCI France UCITS ETF EUR (Acc) (IS3U.DE) has a higher volatility of 4.25% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.DE) at 3.03%. This indicates that IS3U.DE's price experiences larger fluctuations and is considered to be riskier than EUN0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3U.DE | EUN0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 3.03% | +1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 11.24% | 7.20% | +4.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.26% | 8.77% | +5.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.21% | 11.02% | +5.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.42% | 12.51% | +4.91% |
IS3U.DE vs. EUN0.DE - Expense Ratio Comparison
Both IS3U.DE and EUN0.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IS3U.DE vs. EUN0.DE - Dividend Comparison
Neither IS3U.DE nor EUN0.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3U.DE and EUN0.DE 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.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IS3U.DE and EUN0.DE have the same expense ratio: 0.25% per year.
IS3U.DE tracks MSCI France Index, while EUN0.DE tracks MSCI Europe Minimum Volatility.
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