IWDG.L vs. IS3N.DE

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Core MSCI World UCITS ETF (IWDG.L) and iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE).

IWDG.L and IS3N.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWDG.L is a passively managed fund by iShares that tracks the performance of the MSCI World Index. It was launched on Jul 28, 2023. IS3N.DE is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Investable Market (IMI). It was launched on May 30, 2014. Both IWDG.L and IS3N.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IWDG.L vs. IS3N.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Core MSCI World UCITS ETF (IWDG.L) and iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE). The values are adjusted to include any dividend payments, if applicable.

IWDG.L vs. IS3N.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IWDG.L iShares Core MSCI World UCITS ETF	-2.02%	18.71%	21.37%	23.13%	-17.43%	24.30%	11.80%	24.91%	-8.73%	8.87%
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)	6.29%	23.23%	8.91%	5.06%	-9.39%	-0.20%	13.11%	14.71%	-9.80%	11.60%

Different Trading Currencies

IWDG.L is traded in GBp, while IS3N.DE is traded in EUR. To make them comparable, the IS3N.DE values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, IWDG.L achieves a -2.02% return, which is significantly lower than IS3N.DE's 6.29% return.

IWDG.L

• 1D: 2.60%
• 1M: -3.53%
• YTD: -2.02%
• 6M: 1.65%
• 1Y: 19.24%
• 3Y*: 17.55%
• 5Y*: 10.70%
• 10Y*: —

IS3N.DE

• 1D: 3.58%
• 1M: -5.01%
• YTD: 6.29%
• 6M: 9.82%
• 1Y: 30.72%
• 3Y*: 13.81%
• 5Y*: 5.62%
• 10Y*: 9.20%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IWDG.L vs. IS3N.DE - Expense Ratio Comparison

IWDG.L has a 0.30% expense ratio, which is higher than IS3N.DE's 0.18% expense ratio.

IWDG.L

iShares Core MSCI World UCITS ETF

IS3N.DE

iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)

Return for Risk

IWDG.L vs. IS3N.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IWDG.L

IWDG.L Risk / Return Rank: 71
IWDG.L Sharpe Ratio Rank: 67
IWDG.L Sortino Ratio Rank: 66
IWDG.L Omega Ratio Rank: 67
IWDG.L Calmar Ratio Rank: 76
IWDG.L Martin Ratio Rank: 81

IS3N.DE

IS3N.DE Risk / Return Rank: 74
IS3N.DE Sharpe Ratio Rank: 74
IS3N.DE Sortino Ratio Rank: 72
IS3N.DE Omega Ratio Rank: 69
IS3N.DE Calmar Ratio Rank: 81
IS3N.DE Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IWDG.L vs. IS3N.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF (IWDG.L) 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.

	IWDG.L	IS3N.DE	Difference
Sharpe ratio Return per unit of total volatility	1.23	1.77	-0.53
Sortino ratio Return per unit of downside risk	1.74	2.32	-0.58
Omega ratio Gain probability vs. loss probability	1.26	1.34	-0.08
Calmar ratio Return relative to maximum drawdown	2.25	2.92	-0.67
Martin ratio Return relative to average drawdown	9.77	10.34	-0.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWDG.L vs. IS3N.DE - Sharpe Ratio Comparison

The current IWDG.L Sharpe Ratio is 1.23, which is lower than the IS3N.DE Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of IWDG.L and IS3N.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IWDG.L	IS3N.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.23	1.77	-0.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.36	+0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.51	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.41	+0.26

Correlation

The correlation between IWDG.L and IS3N.DE is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IWDG.L vs. IS3N.DE - Dividend Comparison

IWDG.L's dividend yield for the trailing twelve months is around 1.12%, while IS3N.DE has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
IWDG.L iShares Core MSCI World UCITS ETF	1.12%	1.11%	1.24%	1.42%	1.74%	1.19%	1.35%	1.83%	2.14%	0.61%
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%

Drawdowns

IWDG.L vs. IS3N.DE - Drawdown Comparison

The maximum IWDG.L drawdown since its inception was -34.20%, which is greater than IS3N.DE's maximum drawdown of -31.33%. Use the drawdown chart below to compare losses from any high point for IWDG.L and IS3N.DE.

Drawdown Indicators

	IWDG.L	IS3N.DE	Difference
Max Drawdown Largest peak-to-trough decline	-34.20%	-35.06%	+0.86%
Max Drawdown (1Y) Largest decline over 1 year	-11.81%	-13.67%	+1.86%
Max Drawdown (5Y) Largest decline over 5 years	-22.82%	-22.01%	-0.81%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.51%	—
Current Drawdown Current decline from peak	-4.57%	-7.44%	+2.87%
Average Drawdown Average peak-to-trough decline	-4.70%	-9.41%	+4.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.94%	3.07%	-1.13%

Volatility

IWDG.L vs. IS3N.DE - Volatility Comparison

The current volatility for iShares Core MSCI World UCITS ETF (IWDG.L) is 5.09%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 7.40%. This indicates that IWDG.L 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.

Volatility by Period

	IWDG.L	IS3N.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.09%	7.40%	-2.31%
Volatility (6M) Calculated over the trailing 6-month period	8.72%	12.67%	-3.95%
Volatility (1Y) Calculated over the trailing 1-year period	15.57%	17.31%	-1.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.81%	15.55%	-0.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.00%	17.84%	-1.84%