SLMG.DE vs. IS3N.DE
SLMG.DE (iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - SLMG.DE is a Emerging Markets Bonds fund tracking the JP Morgan ESG EMBI Global Diversified (EUR Hedged), 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, SLMG.DE returned -0.86%/yr vs 8.61%/yr for IS3N.DE. At a 0.33 correlation, their price movements are largely independent. SLMG.DE charges 0.50%/yr vs 0.18%/yr for IS3N.DE.
Performance
SLMG.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SLMG.DE achieves a 0.76% return, which is significantly lower than IS3N.DE's 25.82% return.
SLMG.DE
- 1D
- 0.40%
- 1M
- 0.25%
- YTD
- 0.76%
- 6M
- 1.14%
- 1Y
- 8.39%
- 3Y*
- 6.85%
- 5Y*
- -0.86%
- 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%
SLMG.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SLMG.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc | 0.76% | 10.91% | 3.21% | 7.05% | -21.25% | -3.90% | 4.76% | 1.77% |
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% | 5.68% |
Correlation
The correlation between SLMG.DE and IS3N.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2019 | 0.33 |
The correlation between SLMG.DE and IS3N.DE shifts across timeframes, from 0.33 (3 years) to 0.48 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SLMG.DE vs. IS3N.DE — Risk / Return Rank
SLMG.DE
IS3N.DE
SLMG.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc (SLMG.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.
| SLMG.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.49 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 4.42 | -2.73 |
| Martin ratioReturn relative to average drawdown | 6.65 | 16.00 | -9.35 |
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
| SLMG.DE | IS3N.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 2.69 | -1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | 0.53 | -0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.44 | -0.44 |
Drawdowns
SLMG.DE vs. IS3N.DE - Drawdown Comparison
The maximum SLMG.DE drawdown since its inception was -31.13%, smaller than the maximum IS3N.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for SLMG.DE and IS3N.DE.
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Drawdown Indicators
| SLMG.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.13% | -35.06% | +3.93% |
Max Drawdown (1Y)Largest decline over 1 year | -4.74% | -10.52% | +5.78% |
Max Drawdown (3Y)Largest decline over 3 years | -7.88% | -19.17% | +11.29% |
Max Drawdown (5Y)Largest decline over 5 years | -30.75% | -22.01% | -8.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.51% | — |
Current DrawdownCurrent decline from peak | -6.55% | -2.49% | -4.06% |
Average DrawdownAverage peak-to-trough decline | -12.84% | -9.30% | -3.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 2.91% | -1.70% |
Volatility
SLMG.DE vs. IS3N.DE - Volatility Comparison
The current volatility for iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc (SLMG.DE) is 1.96%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 7.16%. This indicates that SLMG.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
| SLMG.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 7.16% | -5.20% |
Volatility (6M)Calculated over the trailing 6-month period | 4.58% | 14.69% | -10.11% |
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 | 8.36% | 16.19% | -7.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.69% | 18.04% | -8.35% |
SLMG.DE vs. IS3N.DE - Expense Ratio Comparison
SLMG.DE has a 0.50% expense ratio, which is higher than IS3N.DE's 0.18% expense ratio.
Dividends
SLMG.DE vs. IS3N.DE - Dividend Comparison
Neither SLMG.DE nor IS3N.DE has paid dividends to shareholders.
Frequently Asked Questions
SLMG.DE and IS3N.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3N.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3N.DE is cheaper with a 0.18% expense ratio, compared with 0.50% for SLMG.DE.
SLMG.DE is categorized as Emerging Markets Bonds, while IS3N.DE is Emerging Markets Equities. SLMG.DE tracks JP Morgan ESG EMBI Global Diversified (EUR Hedged), while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). Their fees differ too: 0.50% for SLMG.DE and 0.18% for IS3N.DE.
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