SECD.DE vs. IS3N.DE
SECD.DE (iShares Euro Government Bond Climate UCITS ETF EUR Dist) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - SECD.DE is a European Government Bonds fund tracking the FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond, while IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market (IMI). Both are passively managed. Over the past 5 years, SECD.DE returned -2.19%/yr vs 8.61%/yr for IS3N.DE. At a 0.07 correlation, their price movements are largely independent. SECD.DE charges 0.09%/yr vs 0.18%/yr for IS3N.DE.
Performance
SECD.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SECD.DE achieves a 0.13% return, which is significantly lower than IS3N.DE's 25.82% return.
SECD.DE
- 1D
- 0.11%
- 1M
- -0.05%
- YTD
- 0.13%
- 6M
- 0.20%
- 1Y
- 0.36%
- 3Y*
- 2.34%
- 5Y*
- -2.19%
- 10Y*
- —
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%
SECD.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | 0.13% | 0.63% | 1.57% | 6.94% | -18.16% | -3.30% | 1.19% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 25.82% | 17.14% | 13.87% | 7.20% | -14.09% | 7.38% | 13.60% |
Correlation
The correlation between SECD.DE and IS3N.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2020 | 0.07 |
Over the past year, SECD.DE and IS3N.DE have become more correlated (0.34) than their long-term average of 0.07, meaning their price movements have been converging.
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Return for Risk
SECD.DE vs. IS3N.DE — Risk / Return Rank
SECD.DE
IS3N.DE
SECD.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond Climate UCITS ETF EUR Dist (SECD.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.
| SECD.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.70 | ||
| Sortino ratioReturn per unit of downside risk | -3.57 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.49 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 4.42 | -4.43 |
| Martin ratioReturn relative to average drawdown | -0.02 | 16.00 | -16.03 |
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
| SECD.DE | IS3N.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 2.69 | -2.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | 0.53 | -0.87 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.38 | 0.44 | -0.82 |
Drawdowns
SECD.DE vs. IS3N.DE - Drawdown Comparison
The maximum SECD.DE drawdown since its inception was -22.04%, smaller than the maximum IS3N.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for SECD.DE and IS3N.DE.
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Drawdown Indicators
| SECD.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.04% | -35.06% | +13.02% |
Max Drawdown (1Y)Largest decline over 1 year | -3.41% | -10.52% | +7.11% |
Max Drawdown (3Y)Largest decline over 3 years | -3.96% | -19.17% | +15.21% |
Max Drawdown (5Y)Largest decline over 5 years | -21.21% | -22.01% | +0.80% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.51% | — |
Current DrawdownCurrent decline from peak | -13.67% | -2.49% | -11.18% |
Average DrawdownAverage peak-to-trough decline | -12.64% | -9.30% | -3.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 2.91% | -1.58% |
Volatility
SECD.DE vs. IS3N.DE - Volatility Comparison
The current volatility for iShares Euro Government Bond Climate UCITS ETF EUR Dist (SECD.DE) is 1.78%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 7.16%. This indicates that SECD.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
| SECD.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 7.16% | -5.38% |
Volatility (6M)Calculated over the trailing 6-month period | 3.63% | 14.69% | -11.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.34% | 17.32% | -12.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.28% | 16.19% | -9.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.02% | 18.04% | -12.02% |
SECD.DE vs. IS3N.DE - Expense Ratio Comparison
SECD.DE has a 0.09% 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
SECD.DE vs. IS3N.DE - Dividend Comparison
SECD.DE's dividend yield for the trailing twelve months is around 2.71%, while IS3N.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% |
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | 2.71% | 2.59% | 2.30% | 1.17% |
Frequently Asked Questions
SECD.DE and IS3N.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SECD.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SECD.DE is cheaper with a 0.09% expense ratio, compared with 0.18% for IS3N.DE.
SECD.DE is categorized as European Government Bonds, while IS3N.DE is Emerging Markets Equities. SECD.DE tracks FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). Their fees differ too: 0.09% for SECD.DE and 0.18% for IS3N.DE.
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