VGK vs. IS3N.DE
VGK (Vanguard FTSE Europe ETF) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - VGK is a Europe Equities fund tracking the FTSE Developed Europe 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, VGK returned 10.28%/yr vs 10.58%/yr for IS3N.DE. A 0.62 correlation means they provide meaningful diversification when combined. VGK charges 0.06%/yr vs 0.18%/yr for IS3N.DE.
Performance
VGK vs. IS3N.DE - Performance Comparison
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Different Trading Currencies
VGK is traded in USD, while IS3N.DE is traded in EUR. To make them comparable, the IS3N.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, VGK achieves a 7.69% return, which is significantly lower than IS3N.DE's 22.95% return. Both investments have delivered pretty close results over the past 10 years, with VGK having a 10.28% annualized return and IS3N.DE not far ahead at 10.58%.
VGK
- 1D
- 0.18%
- 1M
- 2.46%
- YTD
- 7.69%
- 6M
- 9.92%
- 1Y
- 19.73%
- 3Y*
- 16.69%
- 5Y*
- 8.50%
- 10Y*
- 10.28%
IS3N.DE
- 1D
- 3.01%
- 1M
- 0.59%
- YTD
- 22.95%
- 6M
- 25.85%
- 1Y
- 45.23%
- 3Y*
- 21.58%
- 5Y*
- 7.47%
- 10Y*
- 10.58%
VGK vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGK Vanguard FTSE Europe ETF | 7.69% | 35.83% | 1.88% | 20.19% | -15.98% | 16.89% | 5.43% | 24.85% | -14.89% | 26.98% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 22.95% | 32.24% | 7.37% | 10.58% | -18.59% | -1.36% | 17.53% | 18.43% | -15.24% | 37.46% |
Correlation
The correlation between VGK and IS3N.DE is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2014 | 0.62 |
The correlation between VGK and IS3N.DE has been stable across timeframes, ranging from 0.61 to 0.62 - a consistent structural relationship.
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Return for Risk
VGK vs. IS3N.DE — Risk / Return Rank
VGK
IS3N.DE
VGK vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Europe ETF (VGK) 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.
| VGK | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.09 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.40 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 3.38 | -1.89 |
| Martin ratioReturn relative to average drawdown | 5.52 | 11.93 | -6.41 |
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Drawdowns
VGK vs. IS3N.DE - Drawdown Comparison
The maximum VGK drawdown since its inception was -63.61%, which is greater than IS3N.DE's maximum drawdown of -39.05%. Use the drawdown chart below to compare losses from any high point for VGK and IS3N.DE.
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Drawdown Indicators
| VGK | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.61% | -39.05% | -24.56% |
Max Drawdown (1Y)Largest decline over 1 year | -12.09% | -12.72% | +0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -14.31% | -18.38% | +4.07% |
Max Drawdown (5Y)Largest decline over 5 years | -32.74% | -35.31% | +2.57% |
Max Drawdown (10Y)Largest decline over 10 years | -37.24% | -39.05% | +1.81% |
Current DrawdownCurrent decline from peak | -0.50% | -3.75% | +3.25% |
Average DrawdownAverage peak-to-trough decline | -13.33% | -14.03% | +0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 3.61% | -0.34% |
Volatility
VGK vs. IS3N.DE - Volatility Comparison
The current volatility for Vanguard FTSE Europe ETF (VGK) is 5.82%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 8.04%. This indicates that VGK 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
| VGK | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.82% | 8.04% | -2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 13.36% | 17.00% | -3.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.92% | 19.32% | -3.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.98% | 18.33% | -0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.95% | 19.28% | -0.33% |
VGK vs. IS3N.DE - Expense Ratio Comparison
VGK has a 0.06% 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
VGK vs. IS3N.DE - Dividend Comparison
VGK's dividend yield for the trailing twelve months is around 2.76%, 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% |
VGK Vanguard FTSE Europe ETF | 2.76% | 2.86% | 3.61% | 3.15% | 3.25% | 3.05% | 2.11% | 3.27% | 3.95% | 2.70% | 3.52% | 3.25% |
Frequently Asked Questions
VGK and IS3N.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGK is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGK is cheaper with a 0.06% expense ratio, compared with 0.18% for IS3N.DE.
VGK is categorized as Europe Equities, while IS3N.DE is Emerging Markets Equities. VGK tracks FTSE Developed Europe 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: 0.06% for VGK and 0.18% for IS3N.DE.
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