SXR2.DE vs. IS3N.DE
SXR2.DE (iShares MSCI Canada UCITS ETF USD (Acc)) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - SXR2.DE is a Canada Equities fund tracking the MSCI Canada 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 10 years, SXR2.DE returned 10.55%/yr vs 9.80%/yr for IS3N.DE. A 0.65 correlation means they provide meaningful diversification when combined. SXR2.DE charges 0.48%/yr vs 0.18%/yr for IS3N.DE.
Performance
SXR2.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXR2.DE achieves a 9.88% return, which is significantly lower than IS3N.DE's 26.15% return. Over the past 10 years, SXR2.DE has outperformed IS3N.DE with an annualized return of 10.55%, while IS3N.DE has yielded a comparatively lower 9.80% annualized return.
SXR2.DE
- 1D
- 0.76%
- 1M
- 0.46%
- 6M
- 11.04%
- YTD
- 9.88%
- 1Y
- 29.57%
- 3Y*
- 18.37%
- 5Y*
- 11.98%
- 10Y*
- 10.55%
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%
SXR2.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXR2.DE iShares MSCI Canada UCITS ETF USD (Acc) | 9.88% | 22.31% | 18.64% | 10.40% | -7.44% | 35.09% | -3.70% | 30.10% | -13.74% | 1.32% |
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% | -11.06% | 20.43% |
Correlation
The correlation between SXR2.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 | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2014 | 0.65 |
The correlation between SXR2.DE and IS3N.DE shifts across timeframes, from 0.48 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SXR2.DE vs. IS3N.DE — Risk / Return Rank
SXR2.DE
IS3N.DE
SXR2.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Canada UCITS ETF USD (Acc) (SXR2.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.
| SXR2.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.40 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.61 | 4.04 | +0.57 |
| Martin ratioReturn relative to average drawdown | 19.67 | 13.47 | +6.19 |
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Drawdowns
SXR2.DE vs. IS3N.DE - Drawdown Comparison
The maximum SXR2.DE drawdown since its inception was -40.76%, which is greater than IS3N.DE's maximum drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for SXR2.DE and IS3N.DE.
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Drawdown Indicators
| SXR2.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.76% | -35.06% | -5.70% |
Max Drawdown (1Y)Largest decline over 1 year | -6.38% | -10.52% | +4.14% |
Max Drawdown (3Y)Largest decline over 3 years | -17.58% | -19.18% | +1.60% |
Max Drawdown (5Y)Largest decline over 5 years | -17.62% | -21.99% | +4.37% |
Max Drawdown (10Y)Largest decline over 10 years | -40.76% | -32.51% | -8.25% |
Current DrawdownCurrent decline from peak | -0.72% | -4.56% | +3.84% |
Average DrawdownAverage peak-to-trough decline | -7.75% | -9.24% | +1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 3.16% | -1.66% |
Volatility
SXR2.DE vs. IS3N.DE - Volatility Comparison
The current volatility for iShares MSCI Canada UCITS ETF USD (Acc) (SXR2.DE) is 3.35%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 8.89%. This indicates that SXR2.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
| SXR2.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 8.89% | -5.54% |
Volatility (6M)Calculated over the trailing 6-month period | 8.09% | 16.69% | -8.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.91% | 19.07% | -7.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.40% | 16.62% | -1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.83% | 18.15% | -1.32% |
SXR2.DE vs. IS3N.DE - Expense Ratio Comparison
SXR2.DE has a 0.48% expense ratio, which is higher than IS3N.DE's 0.18% expense ratio.
Dividends
SXR2.DE vs. IS3N.DE - Dividend Comparison
Neither SXR2.DE nor IS3N.DE has paid dividends to shareholders.
Frequently Asked Questions
SXR2.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 0.48% for SXR2.DE.
SXR2.DE is categorized as Canada Equities, while IS3N.DE is Emerging Markets Equities. SXR2.DE tracks MSCI Canada Index, while IS3N.DE tracks MSCI Emerging Markets Investable Market Index (IMI). Their fees differ too: 0.48% for SXR2.DE and 0.18% for IS3N.DE.
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