UEEG.DE vs. IS3N.DE
UEEG.DE (iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc)) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - UEEG.DE is a Government Bonds fund tracking the FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped Index (EUR Hedged), 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, UEEG.DE returned -0.91%/yr vs 8.39%/yr for IS3N.DE. At a correlation of -0.01, they often move in opposite directions. Both charge a 0.18% expense ratio.
Performance
UEEG.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UEEG.DE achieves a -0.63% return, which is significantly lower than IS3N.DE's 26.15% return.
UEEG.DE
- 1D
- 0.00%
- 1M
- 0.21%
- 6M
- -0.42%
- YTD
- -0.63%
- 1Y
- 1.29%
- 3Y*
- 2.37%
- 5Y*
- -0.91%
- 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%
UEEG.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
UEEG.DE iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) | -0.63% | 4.64% | 0.67% | 2.27% | -9.47% | -2.61% | -0.20% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 26.15% | 17.14% | 13.88% | 7.20% | -13.85% | 7.09% | 14.81% |
Correlation
The correlation between UEEG.DE and IS3N.DE is 0.10, 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 | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2020 | -0.01 |
The correlation between UEEG.DE and IS3N.DE shifts across timeframes, from -0.02 (5 years) to 0.10 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UEEG.DE vs. IS3N.DE — Risk / Return Rank
UEEG.DE
IS3N.DE
UEEG.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) (UEEG.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.
| UEEG.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.87 | ||
| Sortino ratioReturn per unit of downside risk | -2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.40 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 4.04 | -3.48 |
| Martin ratioReturn relative to average drawdown | 1.38 | 13.47 | -12.10 |
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Drawdowns
UEEG.DE vs. IS3N.DE - Drawdown Comparison
The maximum UEEG.DE drawdown since its inception was -13.77%, smaller than the maximum IS3N.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for UEEG.DE and IS3N.DE.
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Drawdown Indicators
| UEEG.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.77% | -35.06% | +21.29% |
Max Drawdown (1Y)Largest decline over 1 year | -2.30% | -10.52% | +8.22% |
Max Drawdown (3Y)Largest decline over 3 years | -3.22% | -19.18% | +15.96% |
Max Drawdown (5Y)Largest decline over 5 years | -12.90% | -21.99% | +9.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.51% | — |
Current DrawdownCurrent decline from peak | -5.99% | -4.56% | -1.43% |
Average DrawdownAverage peak-to-trough decline | -7.24% | -9.24% | +2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 3.16% | -2.22% |
Volatility
UEEG.DE vs. IS3N.DE - Volatility Comparison
The current volatility for iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) (UEEG.DE) is 0.95%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 8.89%. This indicates that UEEG.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
| UEEG.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 8.89% | -7.94% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 16.69% | -13.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.60% | 19.07% | -15.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.29% | 16.62% | -12.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.03% | 18.15% | -14.12% |
UEEG.DE vs. IS3N.DE - Expense Ratio Comparison
Both UEEG.DE and IS3N.DE have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
UEEG.DE vs. IS3N.DE - Dividend Comparison
Neither UEEG.DE nor IS3N.DE has paid dividends to shareholders.
Frequently Asked Questions
UEEG.DE and IS3N.DE have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
UEEG.DE and IS3N.DE have the same expense ratio: 0.18% per year.
UEEG.DE is categorized as Government Bonds, while IS3N.DE is Emerging Markets Equities. UEEG.DE tracks FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped Index (EUR Hedged), while IS3N.DE tracks MSCI Emerging Markets Investable Market Index (IMI).
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