VA.TO vs. IS3N.DE
VA.TO (Vanguard FTSE Developed Asia Pacific All Cap Index ETF) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - VA.TO is a Asia Pacific Equities fund tracking the FTSE Developed Asia Pacific All Cap Index, while IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market (IMI). Both are passively managed. Over the past 10 years, VA.TO returned 11.51%/yr vs 11.53%/yr for IS3N.DE. At a 0.48 correlation, their price movements are largely independent. VA.TO charges 0.22%/yr vs 0.18%/yr for IS3N.DE.
Performance
VA.TO vs. IS3N.DE - Performance Comparison
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Different Trading Currencies
VA.TO is traded in CAD, while IS3N.DE is traded in EUR. To make them comparable, the IS3N.DE values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, VA.TO achieves a 29.12% return, which is significantly higher than IS3N.DE's 25.51% return. Both investments have delivered pretty close results over the past 10 years, with VA.TO having a 11.51% annualized return and IS3N.DE not far ahead at 11.53%.
VA.TO
- 1D
- 0.34%
- 1M
- 2.30%
- YTD
- 29.12%
- 6M
- 29.94%
- 1Y
- 52.99%
- 3Y*
- 22.49%
- 5Y*
- 12.79%
- 10Y*
- 11.51%
IS3N.DE
- 1D
- 3.20%
- 1M
- 5.69%
- YTD
- 25.51%
- 6M
- 27.65%
- 1Y
- 49.25%
- 3Y*
- 23.40%
- 5Y*
- 10.62%
- 10Y*
- 11.53%
VA.TO vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VA.TO Vanguard FTSE Developed Asia Pacific All Cap Index ETF | 29.12% | 26.08% | 10.31% | 12.16% | -9.26% | 0.89% | 13.72% | 11.68% | -7.50% | 21.44% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 25.51% | 25.66% | 16.89% | 7.95% | -13.69% | -1.66% | 15.27% | 13.69% | -8.14% | 28.15% |
Correlation
The correlation between VA.TO and IS3N.DE is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2014 | 0.48 |
The correlation between VA.TO and IS3N.DE shifts across timeframes, from 0.48 (all time) to 0.66 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VA.TO vs. IS3N.DE — Risk / Return Rank
VA.TO
IS3N.DE
VA.TO vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Asia Pacific All Cap Index ETF (VA.TO) 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.
| VA.TO | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.42 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.26 | 3.93 | +0.33 |
| Martin ratioReturn relative to average drawdown | 16.07 | 13.26 | +2.81 |
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Drawdowns
VA.TO vs. IS3N.DE - Drawdown Comparison
The maximum VA.TO drawdown since its inception was -25.81%, smaller than the maximum IS3N.DE drawdown of -32.99%. Use the drawdown chart below to compare losses from any high point for VA.TO and IS3N.DE.
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Drawdown Indicators
| VA.TO | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.81% | -32.99% | +7.18% |
Max Drawdown (1Y)Largest decline over 1 year | -12.09% | -11.75% | -0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -13.99% | -15.77% | +1.78% |
Max Drawdown (5Y)Largest decline over 5 years | -24.73% | -28.48% | +3.75% |
Max Drawdown (10Y)Largest decline over 10 years | -25.81% | -32.99% | +7.18% |
Current DrawdownCurrent decline from peak | -2.21% | -2.82% | +0.61% |
Average DrawdownAverage peak-to-trough decline | -5.53% | -9.93% | +4.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 3.49% | -0.29% |
Volatility
VA.TO vs. IS3N.DE - Volatility Comparison
Vanguard FTSE Developed Asia Pacific All Cap Index ETF (VA.TO) has a higher volatility of 9.68% compared to iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) at 8.14%. This indicates that VA.TO's price experiences larger fluctuations and is considered to be riskier 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
| VA.TO | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.68% | 8.14% | +1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 18.49% | 17.14% | +1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.76% | 19.41% | +1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.24% | 18.96% | -3.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.36% | 19.87% | -4.51% |
VA.TO vs. IS3N.DE - Expense Ratio Comparison
VA.TO has a 0.22% 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
VA.TO vs. IS3N.DE - Dividend Comparison
VA.TO's dividend yield for the trailing twelve months is around 1.68%, while IS3N.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% |
VA.TO Vanguard FTSE Developed Asia Pacific All Cap Index ETF | 1.68% | 2.17% | 2.31% | 2.57% | 3.10% | 2.35% | 2.14% | 2.55% | 2.89% | 1.71% | 1.63% | 1.93% |
Frequently Asked Questions
VA.TO and IS3N.DE have a correlation of 0.66, 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 0.22% for VA.TO.
VA.TO is categorized as Asia Pacific Equities, while IS3N.DE is Emerging Markets Equities. VA.TO tracks FTSE Developed Asia Pacific All Cap Index, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.22% for VA.TO and 0.18% for IS3N.DE.
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