IWLE.DE vs. IS3S.DE
IWLE.DE (iShares Core MSCI World UCITS ETF EUR Hedged Dist) and IS3S.DE (iShares Edge MSCI World Value Factor UCITS ETF) are both Global Equities funds from iShares - IWLE.DE tracks the MSCI World Net TR Index while IS3S.DE tracks the MSCI World Enhanced Value. Both are passively managed. Over the past 5 years, IWLE.DE returned 10.03%/yr vs 17.86%/yr for IS3S.DE. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
IWLE.DE vs. IS3S.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IWLE.DE achieves a 7.23% return, which is significantly lower than IS3S.DE's 37.78% return.
IWLE.DE
- 1D
- -0.47%
- 1M
- -0.85%
- YTD
- 7.23%
- 6M
- 7.12%
- 1Y
- 20.78%
- 3Y*
- 17.76%
- 5Y*
- 10.03%
- 10Y*
- —
IS3S.DE
- 1D
- 2.00%
- 1M
- 3.98%
- YTD
- 37.78%
- 6M
- 38.89%
- 1Y
- 67.75%
- 3Y*
- 27.73%
- 5Y*
- 17.86%
- 10Y*
- 13.48%
IWLE.DE vs. IS3S.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IWLE.DE iShares Core MSCI World UCITS ETF EUR Hedged Dist | 7.23% | 16.76% | 19.70% | 21.53% | -18.71% | 23.89% | 11.68% | 12.14% |
IS3S.DE iShares Edge MSCI World Value Factor UCITS ETF | 37.78% | 25.13% | 11.36% | 15.62% | -4.81% | 30.35% | -12.53% | 14.77% |
Correlation
The correlation between IWLE.DE and IS3S.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2019 | 0.77 |
The correlation between IWLE.DE and IS3S.DE shifts across timeframes, from 0.62 (1 year) to 0.77 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IWLE.DE vs. IS3S.DE — Risk / Return Rank
IWLE.DE
IS3S.DE
IWLE.DE vs. IS3S.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF EUR Hedged Dist (IWLE.DE) and iShares Edge MSCI World Value Factor UCITS ETF (IS3S.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.
| IWLE.DE | IS3S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.88 | ||
| Sortino ratioReturn per unit of downside risk | -3.74 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.82 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 11.06 | -8.49 |
| Martin ratioReturn relative to average drawdown | 11.25 | 40.06 | -28.80 |
Loading charts...
Drawdowns
IWLE.DE vs. IS3S.DE - Drawdown Comparison
The maximum IWLE.DE drawdown since its inception was -32.76%, smaller than the maximum IS3S.DE drawdown of -35.19%. Use the drawdown chart below to compare losses from any high point for IWLE.DE and IS3S.DE.
Loading charts...
Drawdown Indicators
| IWLE.DE | IS3S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.76% | -35.19% | +2.43% |
Max Drawdown (1Y)Largest decline over 1 year | -8.05% | -6.09% | -1.96% |
Max Drawdown (3Y)Largest decline over 3 years | -17.60% | -17.78% | +0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -23.49% | -17.78% | -5.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.19% | — |
Current DrawdownCurrent decline from peak | -1.77% | -0.51% | -1.26% |
Average DrawdownAverage peak-to-trough decline | -5.27% | -6.94% | +1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 1.69% | +0.15% |
Volatility
IWLE.DE vs. IS3S.DE - Volatility Comparison
The current volatility for iShares Core MSCI World UCITS ETF EUR Hedged Dist (IWLE.DE) is 4.07%, while iShares Edge MSCI World Value Factor UCITS ETF (IS3S.DE) has a volatility of 5.55%. This indicates that IWLE.DE experiences smaller price fluctuations and is considered to be less risky than IS3S.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IWLE.DE | IS3S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 5.55% | -1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 12.40% | -2.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.33% | 14.80% | -2.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.02% | 14.02% | +1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 16.64% | +0.12% |
IWLE.DE vs. IS3S.DE - Expense Ratio Comparison
Both IWLE.DE and IS3S.DE have an expense ratio of 0.30%.
Dividends
IWLE.DE vs. IS3S.DE - Dividend Comparison
IWLE.DE's dividend yield for the trailing twelve months is around 1.05%, while IS3S.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IS3S.DE iShares Edge MSCI World Value Factor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWLE.DE iShares Core MSCI World UCITS ETF EUR Hedged Dist | 1.05% | 1.11% | 1.27% | 1.43% | 1.76% | 1.20% | 1.04% | 0.53% |
Frequently Asked Questions
IWLE.DE and IS3S.DE have a correlation of 0.62, 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 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IWLE.DE and IS3S.DE have the same expense ratio: 0.30% per year.
IWLE.DE tracks MSCI World Net TR Index, while IS3S.DE tracks MSCI World Enhanced Value.
Find the right allocation for IWLE.DE and IS3S.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer