IUSU.DE vs. IS3N.DE
IUSU.DE (iShares $ Treasury Bond 1-3yr UCITS ETF USD (Dist)) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - IUSU.DE is a Short-Term Bond fund tracking the Bloomberg US Government TR USD, 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, IUSU.DE returned 1.30%/yr vs 10.00%/yr for IS3N.DE. At a 0.09 correlation, their price movements are largely independent. IUSU.DE charges 0.07%/yr vs 0.18%/yr for IS3N.DE.
Performance
IUSU.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUSU.DE achieves a 1.44% return, which is significantly lower than IS3N.DE's 25.82% return. Over the past 10 years, IUSU.DE has underperformed IS3N.DE with an annualized return of 1.30%, while IS3N.DE has yielded a comparatively higher 10.00% annualized return.
IUSU.DE
- 1D
- -0.10%
- 1M
- 1.08%
- YTD
- 1.44%
- 6M
- 0.79%
- 1Y
- 1.26%
- 3Y*
- 0.99%
- 5Y*
- 2.52%
- 10Y*
- 1.30%
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%
IUSU.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUSU.DE iShares $ Treasury Bond 1-3yr UCITS ETF USD (Dist) | 1.44% | -6.89% | 9.65% | 0.49% | 2.10% | 7.62% | -6.25% | 5.81% | 5.83% | -11.93% |
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 IUSU.DE and IS3N.DE is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2014 | 0.09 |
The correlation between IUSU.DE and IS3N.DE shifts across timeframes, from -0.08 (5 years) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IUSU.DE vs. IS3N.DE — Risk / Return Rank
IUSU.DE
IS3N.DE
IUSU.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Treasury Bond 1-3yr UCITS ETF USD (Dist) (IUSU.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.
| IUSU.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.51 | ||
| Sortino ratioReturn per unit of downside risk | -3.30 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.49 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | 4.42 | -4.15 |
| Martin ratioReturn relative to average drawdown | 0.61 | 16.00 | -15.40 |
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
| IUSU.DE | IS3N.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.18 | 2.69 | -2.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.53 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | 0.55 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.44 | -0.24 |
Drawdowns
IUSU.DE vs. IS3N.DE - Drawdown Comparison
The maximum IUSU.DE drawdown since its inception was -19.29%, smaller than the maximum IS3N.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for IUSU.DE and IS3N.DE.
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Drawdown Indicators
| IUSU.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.29% | -35.06% | +15.77% |
Max Drawdown (1Y)Largest decline over 1 year | -3.54% | -10.52% | +6.98% |
Max Drawdown (3Y)Largest decline over 3 years | -11.07% | -19.17% | +8.10% |
Max Drawdown (5Y)Largest decline over 5 years | -12.54% | -22.01% | +9.47% |
Max Drawdown (10Y)Largest decline over 10 years | -16.83% | -32.51% | +15.68% |
Current DrawdownCurrent decline from peak | -7.64% | -2.49% | -5.15% |
Average DrawdownAverage peak-to-trough decline | -7.43% | -9.30% | +1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 2.91% | -1.28% |
Volatility
IUSU.DE vs. IS3N.DE - Volatility Comparison
The current volatility for iShares $ Treasury Bond 1-3yr UCITS ETF USD (Dist) (IUSU.DE) is 0.98%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 7.16%. This indicates that IUSU.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
| IUSU.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 7.16% | -6.18% |
Volatility (6M)Calculated over the trailing 6-month period | 3.86% | 14.69% | -10.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.61% | 17.32% | -11.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.19% | 16.19% | -9.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.92% | 18.04% | -11.12% |
IUSU.DE vs. IS3N.DE - Expense Ratio Comparison
IUSU.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
IUSU.DE vs. IS3N.DE - Dividend Comparison
IUSU.DE's dividend yield for the trailing twelve months is around 3.43%, 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% |
IUSU.DE iShares $ Treasury Bond 1-3yr UCITS ETF USD (Dist) | 3.43% | 3.85% | 3.69% | 2.90% | 0.75% | 0.51% | 1.62% | 2.07% | 1.26% | 0.89% | 0.62% | 0.24% |
Frequently Asked Questions
IUSU.DE and IS3N.DE have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSU.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSU.DE is cheaper with a 0.07% expense ratio, compared with 0.18% for IS3N.DE.
IUSU.DE is categorized as Short-Term Bond, while IS3N.DE is Emerging Markets Equities. IUSU.DE tracks Bloomberg US Government TR USD, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). Their fees differ too: 0.07% for IUSU.DE and 0.18% for IS3N.DE.
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