IUSQ.DE vs. IS3M.DE
IUSQ.DE (iShares MSCI ACWI UCITS ETF (Acc)) and IS3M.DE (iShares € Ultrashort Bond UCITS ETF) are both exchange-traded funds - IUSQ.DE is a Global Equities fund tracking the MSCI ACWI Index, while IS3M.DE is a Ultrashort Bond fund tracking the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index (EUR). Both are passively managed. Over the past 10 years, IUSQ.DE returned 12.83%/yr vs 1.03%/yr for IS3M.DE. At a 0.03 correlation, their price movements are largely independent. IUSQ.DE charges 0.20%/yr vs 0.09%/yr for IS3M.DE.
Performance
IUSQ.DE vs. IS3M.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUSQ.DE achieves a 12.95% return, which is significantly higher than IS3M.DE's 1.00% return. Over the past 10 years, IUSQ.DE has outperformed IS3M.DE with an annualized return of 12.83%, while IS3M.DE has yielded a comparatively lower 1.03% annualized return.
IUSQ.DE
- 1D
- -0.36%
- 1M
- 1.02%
- YTD
- 12.95%
- 6M
- 13.38%
- 1Y
- 27.30%
- 3Y*
- 18.41%
- 5Y*
- 11.86%
- 10Y*
- 12.83%
IS3M.DE
- 1D
- 0.00%
- 1M
- 0.19%
- YTD
- 1.00%
- 6M
- 0.96%
- 1Y
- 2.16%
- 3Y*
- 3.30%
- 5Y*
- 2.11%
- 10Y*
- 1.03%
IUSQ.DE vs. IS3M.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc) | 12.95% | 9.02% | 24.53% | 18.57% | -13.58% | 29.13% | 4.94% | 30.14% | -5.97% | 9.14% |
IS3M.DE iShares € Ultrashort Bond UCITS ETF | 1.00% | 2.60% | 4.13% | 3.42% | -0.29% | -0.36% | 0.09% | 0.34% | -0.62% | -0.09% |
Correlation
The correlation between IUSQ.DE and IS3M.DE is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2013 | 0.03 |
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Return for Risk
IUSQ.DE vs. IS3M.DE — Risk / Return Rank
IUSQ.DE
IS3M.DE
IUSQ.DE vs. IS3M.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE) and iShares € Ultrashort Bond UCITS ETF (IS3M.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.
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.
| IUSQ.DE | IS3M.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.59 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.19 | 7.25 | -3.06 |
| Martin ratioReturn relative to average drawdown | 17.20 | 45.99 | -28.79 |
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Drawdowns
IUSQ.DE vs. IS3M.DE - Drawdown Comparison
The maximum IUSQ.DE drawdown since its inception was -33.60%, which is greater than IS3M.DE's maximum drawdown of -3.80%. Use the drawdown chart below to compare losses from any high point for IUSQ.DE and IS3M.DE.
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Drawdown Indicators
| IUSQ.DE | IS3M.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.60% | -3.80% | -29.80% |
Max Drawdown (1Y)Largest decline over 1 year | -6.48% | -0.30% | -6.18% |
Max Drawdown (3Y)Largest decline over 3 years | -21.25% | -0.47% | -20.78% |
Max Drawdown (5Y)Largest decline over 5 years | -21.25% | -1.18% | -20.07% |
Max Drawdown (10Y)Largest decline over 10 years | -33.60% | -3.80% | -29.80% |
Current DrawdownCurrent decline from peak | -1.09% | 0.00% | -1.09% |
Average DrawdownAverage peak-to-trough decline | -4.17% | -0.28% | -3.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 0.05% | +1.53% |
Volatility
IUSQ.DE vs. IS3M.DE - Volatility Comparison
iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE) has a higher volatility of 3.44% compared to iShares € Ultrashort Bond UCITS ETF (IS3M.DE) at 0.34%. This indicates that IUSQ.DE's price experiences larger fluctuations and is considered to be riskier than IS3M.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUSQ.DE | IS3M.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 0.34% | +3.10% |
Volatility (6M)Calculated over the trailing 6-month period | 8.52% | 0.63% | +7.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.71% | 0.77% | +10.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.98% | 0.77% | +13.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.01% | 1.11% | +13.90% |
IUSQ.DE vs. IS3M.DE - Expense Ratio Comparison
IUSQ.DE has a 0.20% expense ratio, which is higher than IS3M.DE's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IUSQ.DE vs. IS3M.DE - Dividend Comparison
IUSQ.DE has not paid dividends to shareholders, while IS3M.DE's dividend yield for the trailing twelve months is around 2.33%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS3M.DE iShares € Ultrashort Bond UCITS ETF | 2.33% | 2.74% | 3.80% | 2.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.13% |
IUSQ.DE iShares MSCI ACWI 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% |
Frequently Asked Questions
IUSQ.DE and IS3M.DE have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3M.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3M.DE is cheaper with a 0.09% expense ratio, compared with 0.20% for IUSQ.DE.
IUSQ.DE is categorized as Global Equities, while IS3M.DE is Ultrashort Bond. IUSQ.DE tracks MSCI ACWI Index, while IS3M.DE tracks Markit iBoxx EUR Liquid Investment Grade Ultrashort Index (EUR). Their fees differ too: 0.20% for IUSQ.DE and 0.09% for IS3M.DE.
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