IUSA.DE vs. IS3N.DE
IUSA.DE (iShares Core S&P 500 UCITS ETF USD Dist) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - IUSA.DE is a S&P 500 fund tracking the S&P 500 Index, while IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market (IMI). Both are passively managed. Over the past 10 years, IUSA.DE returned 15.16%/yr vs 10.00%/yr for IS3N.DE. A 0.65 correlation means they provide meaningful diversification when combined. IUSA.DE charges 0.07%/yr vs 0.18%/yr for IS3N.DE.
Performance
IUSA.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUSA.DE achieves a 11.42% return, which is significantly lower than IS3N.DE's 25.82% return. Over the past 10 years, IUSA.DE has outperformed IS3N.DE with an annualized return of 15.16%, while IS3N.DE has yielded a comparatively lower 10.00% annualized return.
IUSA.DE
- 1D
- -0.13%
- 1M
- 4.35%
- YTD
- 11.42%
- 6M
- 10.93%
- 1Y
- 25.71%
- 3Y*
- 19.00%
- 5Y*
- 14.90%
- 10Y*
- 15.16%
IS3N.DE
- 1D
- -1.45%
- 1M
- 3.11%
- YTD
- 25.82%
- 6M
- 26.34%
- 1Y
- 45.77%
- 3Y*
- 19.99%
- 5Y*
- 8.61%
- 10Y*
- 10.00%
IUSA.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUSA.DE iShares Core S&P 500 UCITS ETF USD Dist | 11.42% | 4.84% | 32.50% | 22.60% | -14.19% | 41.00% | 7.02% | 34.79% | -0.83% | 7.30% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 25.82% | 17.14% | 13.87% | 7.20% | -14.09% | 7.38% | 7.07% | 21.01% | -11.06% | 20.43% |
Correlation
The correlation between IUSA.DE and IS3N.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2014 | 0.65 |
The correlation between IUSA.DE and IS3N.DE shifts across timeframes, from 0.56 (5 years) to 0.68 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IUSA.DE vs. IS3N.DE — Risk / Return Rank
IUSA.DE
IS3N.DE
IUSA.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 UCITS ETF USD Dist (IUSA.DE) and iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.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.
| IUSA.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.49 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.63 | 4.42 | -0.80 |
| Martin ratioReturn relative to average drawdown | 12.88 | 16.00 | -3.12 |
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
| IUSA.DE | IS3N.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.24 | 2.69 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | 0.53 | +0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | 0.55 | +0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.44 | +0.23 |
Drawdowns
IUSA.DE vs. IS3N.DE - Drawdown Comparison
The maximum IUSA.DE drawdown since its inception was -50.54%, which is greater than IS3N.DE's maximum drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for IUSA.DE and IS3N.DE.
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Drawdown Indicators
| IUSA.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.54% | -35.06% | -15.48% |
Max Drawdown (1Y)Largest decline over 1 year | -7.08% | -10.52% | +3.44% |
Max Drawdown (3Y)Largest decline over 3 years | -23.34% | -19.17% | -4.17% |
Max Drawdown (5Y)Largest decline over 5 years | -23.34% | -22.01% | -1.33% |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | -32.51% | -1.12% |
Current DrawdownCurrent decline from peak | -0.46% | -2.49% | +2.03% |
Average DrawdownAverage peak-to-trough decline | -7.19% | -9.30% | +2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 2.91% | -0.91% |
Volatility
IUSA.DE vs. IS3N.DE - Volatility Comparison
The current volatility for iShares Core S&P 500 UCITS ETF USD Dist (IUSA.DE) is 2.67%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 7.16%. This indicates that IUSA.DE experiences smaller price fluctuations and is considered to be less risky than IS3N.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUSA.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.67% | 7.16% | -4.49% |
Volatility (6M)Calculated over the trailing 6-month period | 7.57% | 14.69% | -7.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.48% | 17.32% | -5.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.17% | 16.19% | -1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.06% | 18.04% | -1.98% |
IUSA.DE vs. IS3N.DE - Expense Ratio Comparison
IUSA.DE has a 0.07% expense ratio, which is lower than IS3N.DE's 0.18% 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
IUSA.DE vs. IS3N.DE - Dividend Comparison
IUSA.DE's dividend yield for the trailing twelve months is around 0.99%, while IS3N.DE has not paid dividends to shareholders.
| 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% |
IUSA.DE iShares Core S&P 500 UCITS ETF USD Dist | 0.99% | 1.08% | 1.07% | 1.35% | 1.54% | 1.16% | 1.62% | 1.66% | 2.00% | 2.09% | 1.50% | 1.68% |
Frequently Asked Questions
IUSA.DE and IS3N.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSA.DE is cheaper with a 0.07% expense ratio, compared with 0.18% for IS3N.DE.
IUSA.DE is categorized as S&P 500, while IS3N.DE is Emerging Markets Equities. IUSA.DE tracks S&P 500 Index, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). Their fees differ too: 0.07% for IUSA.DE and 0.18% for IS3N.DE.
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