SNAV.DE vs. IS3N.DE
SNAV.DE (iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF USD (Dist)) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - SNAV.DE is a Short-Term Bond fund tracking the Bloomberg MSCI US Corporate 0-3 Sustainable SRI Index, while IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index (IMI). Both are passively managed. Over the past 5 years, SNAV.DE returned 3.63%/yr vs 8.39%/yr for IS3N.DE. At a correlation of -0.02, they often move in opposite directions. SNAV.DE charges 0.15%/yr vs 0.18%/yr for IS3N.DE.
Performance
SNAV.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SNAV.DE achieves a 4.11% return, which is significantly lower than IS3N.DE's 26.15% return.
SNAV.DE
- 1D
- 0.00%
- 1M
- 1.64%
- 6M
- 3.87%
- YTD
- 4.11%
- 1Y
- 6.74%
- 3Y*
- 3.54%
- 5Y*
- 3.63%
- 10Y*
- —
IS3N.DE
- 1D
- 2.11%
- 1M
- -1.18%
- 6M
- 22.85%
- YTD
- 26.15%
- 1Y
- 42.71%
- 3Y*
- 19.59%
- 5Y*
- 8.39%
- 10Y*
- 9.80%
SNAV.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SNAV.DE iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF USD (Dist) | 4.11% | -6.27% | 11.34% | 1.62% | 4.10% | 8.04% | -6.03% | -6.49% | -0.79% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 26.15% | 17.14% | 13.88% | 7.20% | -13.85% | 7.09% | 7.07% | 20.99% | -0.93% |
Correlation
The correlation between SNAV.DE and IS3N.DE is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2018 | -0.02 |
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Return for Risk
SNAV.DE vs. IS3N.DE — Risk / Return Rank
SNAV.DE
IS3N.DE
SNAV.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF USD (Dist) (SNAV.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.
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.
| SNAV.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.40 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 4.04 | -1.97 |
| Martin ratioReturn relative to average drawdown | 5.29 | 13.47 | -8.18 |
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Drawdowns
SNAV.DE vs. IS3N.DE - Drawdown Comparison
The maximum SNAV.DE drawdown since its inception was -13.17%, smaller than the maximum IS3N.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for SNAV.DE and IS3N.DE.
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Drawdown Indicators
| SNAV.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.17% | -35.06% | +21.89% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -10.52% | +7.28% |
Max Drawdown (3Y)Largest decline over 3 years | -10.85% | -19.18% | +8.33% |
Max Drawdown (5Y)Largest decline over 5 years | -11.57% | -21.99% | +10.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.51% | — |
Current DrawdownCurrent decline from peak | -4.62% | -4.56% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -6.59% | -9.24% | +2.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.27% | 3.16% | -1.89% |
Volatility
SNAV.DE vs. IS3N.DE - Volatility Comparison
The current volatility for iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF USD (Dist) (SNAV.DE) is 1.59%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 8.89%. This indicates that SNAV.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
| SNAV.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | 8.89% | -7.30% |
Volatility (6M)Calculated over the trailing 6-month period | 4.09% | 16.69% | -12.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.72% | 19.07% | -13.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.24% | 16.62% | -9.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.17% | 18.15% | -9.98% |
SNAV.DE vs. IS3N.DE - Expense Ratio Comparison
SNAV.DE has a 0.15% 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
SNAV.DE vs. IS3N.DE - Dividend Comparison
SNAV.DE's dividend yield for the trailing twelve months is around 4.41%, while IS3N.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
SNAV.DE iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF USD (Dist) | 4.41% | 4.75% | 4.59% | 4.09% | 1.64% | 0.79% | 2.45% | 2.93% |
Frequently Asked Questions
SNAV.DE and IS3N.DE have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SNAV.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SNAV.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for IS3N.DE.
SNAV.DE is categorized as Short-Term Bond, while IS3N.DE is Emerging Markets Equities. SNAV.DE tracks Bloomberg MSCI US Corporate 0-3 Sustainable SRI Index, while IS3N.DE tracks MSCI Emerging Markets Investable Market Index (IMI). Their fees differ too: 0.15% for SNAV.DE and 0.18% for IS3N.DE.
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