SXRS.DE vs. IS3N.DE
SXRS.DE (iShares Diversified Commodity Swap UCITS ETF) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - SXRS.DE is a Commodities fund tracking the Bloomberg Commodity, 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, SXRS.DE returned 12.06%/yr vs 8.61%/yr for IS3N.DE. At a 0.25 correlation, their price movements are largely independent. SXRS.DE charges 0.19%/yr vs 0.18%/yr for IS3N.DE.
Performance
SXRS.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXRS.DE achieves a 23.84% return, which is significantly lower than IS3N.DE's 25.82% return.
SXRS.DE
- 1D
- -1.56%
- 1M
- -0.35%
- YTD
- 23.84%
- 6M
- 22.88%
- 1Y
- 34.67%
- 3Y*
- 12.54%
- 5Y*
- 12.06%
- 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%
SXRS.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SXRS.DE iShares Diversified Commodity Swap UCITS ETF | 23.84% | 4.72% | 10.95% | -10.44% | 20.69% | 40.00% | -13.37% | 9.72% | -6.15% |
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% | 21.01% | -8.06% |
Correlation
The correlation between SXRS.DE and IS3N.DE is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2018 | 0.25 |
The correlation between SXRS.DE and IS3N.DE shifts across timeframes, from -0.03 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SXRS.DE vs. IS3N.DE — Risk / Return Rank
SXRS.DE
IS3N.DE
SXRS.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (SXRS.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.
| SXRS.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.49 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 4.00 | 4.42 | -0.42 |
| Martin ratioReturn relative to average drawdown | 8.95 | 16.00 | -7.06 |
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
| SXRS.DE | IS3N.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 2.69 | -0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.53 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.44 | +0.10 |
Drawdowns
SXRS.DE vs. IS3N.DE - Drawdown Comparison
The maximum SXRS.DE drawdown since its inception was -27.64%, smaller than the maximum IS3N.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for SXRS.DE and IS3N.DE.
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Drawdown Indicators
| SXRS.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.64% | -35.06% | +7.42% |
Max Drawdown (1Y)Largest decline over 1 year | -8.75% | -10.52% | +1.77% |
Max Drawdown (3Y)Largest decline over 3 years | -16.03% | -19.17% | +3.14% |
Max Drawdown (5Y)Largest decline over 5 years | -27.56% | -22.01% | -5.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.51% | — |
Current DrawdownCurrent decline from peak | -4.99% | -2.49% | -2.50% |
Average DrawdownAverage peak-to-trough decline | -13.12% | -9.30% | -3.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 2.91% | +1.01% |
Volatility
SXRS.DE vs. IS3N.DE - Volatility Comparison
The current volatility for iShares Diversified Commodity Swap UCITS ETF (SXRS.DE) is 5.76%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 7.16%. This indicates that SXRS.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
| SXRS.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.76% | 7.16% | -1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 16.67% | 14.69% | +1.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.76% | 17.32% | +1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.13% | 16.19% | +0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.85% | 18.04% | -2.19% |
SXRS.DE vs. IS3N.DE - Expense Ratio Comparison
SXRS.DE has a 0.19% expense ratio, which is higher than IS3N.DE's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SXRS.DE vs. IS3N.DE - Dividend Comparison
Neither SXRS.DE nor IS3N.DE has paid dividends to shareholders.
Frequently Asked Questions
SXRS.DE and IS3N.DE have a correlation of -0.03, 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 0.19% for SXRS.DE.
SXRS.DE is categorized as Commodities, while IS3N.DE is Emerging Markets Equities. SXRS.DE tracks Bloomberg Commodity, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). Their fees differ too: 0.19% for SXRS.DE and 0.18% for IS3N.DE.
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