VWCG.DE vs. IS3N.DE
VWCG.DE (Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - VWCG.DE is a Europe Equities fund tracking the FTSE Developed Europe, 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, VWCG.DE returned 10.01%/yr vs 8.46%/yr for IS3N.DE. A 0.65 correlation means they provide meaningful diversification when combined. VWCG.DE charges 0.10%/yr vs 0.18%/yr for IS3N.DE.
Performance
VWCG.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VWCG.DE achieves a 8.96% return, which is significantly lower than IS3N.DE's 24.88% return.
VWCG.DE
- 1D
- 1.89%
- 1M
- 3.14%
- YTD
- 8.96%
- 6M
- 11.76%
- 1Y
- 19.41%
- 3Y*
- 14.33%
- 5Y*
- 10.01%
- 10Y*
- —
IS3N.DE
- 1D
- 3.12%
- 1M
- 1.48%
- YTD
- 24.88%
- 6M
- 27.74%
- 1Y
- 45.03%
- 3Y*
- 18.80%
- 5Y*
- 8.46%
- 10Y*
- 10.23%
VWCG.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VWCG.DE Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating | 8.96% | 20.44% | 8.96% | 16.07% | -9.83% | 24.91% | -2.57% | 7.53% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 24.88% | 17.14% | 13.88% | 7.20% | -13.85% | 7.09% | 7.07% | 7.40% |
Correlation
The correlation between VWCG.DE and IS3N.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2019 | 0.65 |
The correlation between VWCG.DE and IS3N.DE has been stable across timeframes, ranging from 0.60 to 0.65 - a consistent structural relationship.
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Return for Risk
VWCG.DE vs. IS3N.DE — Risk / Return Rank
VWCG.DE
IS3N.DE
VWCG.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VWCG.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.
| VWCG.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.44 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 4.10 | -2.19 |
| Martin ratioReturn relative to average drawdown | 7.33 | 14.25 | -6.92 |
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Drawdowns
VWCG.DE vs. IS3N.DE - Drawdown Comparison
The maximum VWCG.DE drawdown since its inception was -35.70%, roughly equal to the maximum IS3N.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for VWCG.DE and IS3N.DE.
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Drawdown Indicators
| VWCG.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.70% | -35.06% | -0.64% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | -10.52% | +0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -16.07% | -19.18% | +3.11% |
Max Drawdown (5Y)Largest decline over 5 years | -20.09% | -21.99% | +1.90% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.51% | — |
Current DrawdownCurrent decline from peak | -0.03% | -3.21% | +3.18% |
Average DrawdownAverage peak-to-trough decline | -4.98% | -9.27% | +4.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 3.03% | -0.52% |
Volatility
VWCG.DE vs. IS3N.DE - Volatility Comparison
The current volatility for Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VWCG.DE) is 4.24%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 7.31%. This indicates that VWCG.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
| VWCG.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 7.31% | -3.07% |
Volatility (6M)Calculated over the trailing 6-month period | 10.80% | 15.53% | -4.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.05% | 18.01% | -4.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.31% | 16.34% | -2.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.85% | 18.08% | -1.23% |
VWCG.DE vs. IS3N.DE - Expense Ratio Comparison
VWCG.DE has a 0.10% 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
VWCG.DE vs. IS3N.DE - Dividend Comparison
Neither VWCG.DE nor IS3N.DE has paid dividends to shareholders.
Frequently Asked Questions
VWCG.DE and IS3N.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VWCG.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWCG.DE is cheaper with a 0.10% expense ratio, compared with 0.18% for IS3N.DE.
VWCG.DE is categorized as Europe Equities, while IS3N.DE is Emerging Markets Equities. VWCG.DE tracks FTSE Developed Europe, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.10% for VWCG.DE and 0.18% for IS3N.DE.
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