XWEM.L vs. IS3N.DE
XWEM.L (Xtrackers MSCI World Momentum ESG UCITS ETF 1C) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - XWEM.L is a Global Equities fund tracking the MSCI World Momentum Low Carbon SRI Screened Select, 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 3 years, XWEM.L returned 27.38%/yr vs 19.12%/yr for IS3N.DE. A 0.62 correlation means they provide meaningful diversification when combined. XWEM.L charges 0.25%/yr vs 0.18%/yr for IS3N.DE.
Performance
XWEM.L vs. IS3N.DE - Performance Comparison
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Different Trading Currencies
XWEM.L 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, XWEM.L achieves a 19.87% return, which is significantly higher than IS3N.DE's 18.22% return.
XWEM.L
- 1D
- -0.38%
- 1M
- 0.02%
- 6M
- 16.88%
- YTD
- 19.87%
- 1Y
- 31.99%
- 3Y*
- 27.38%
- 5Y*
- —
- 10Y*
- —
IS3N.DE
- 1D
- -2.43%
- 1M
- -3.85%
- 6M
- 11.81%
- YTD
- 18.22%
- 1Y
- 34.95%
- 3Y*
- 19.12%
- 5Y*
- 7.03%
- 10Y*
- 9.20%
XWEM.L vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XWEM.L Xtrackers MSCI World Momentum ESG UCITS ETF 1C | 19.87% | 21.57% | 28.83% | 9.50% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 18.22% | 32.24% | 7.37% | 3.12% |
Correlation
The correlation between XWEM.L and IS3N.DE is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2023 | 0.62 |
The correlation between XWEM.L and IS3N.DE shifts across timeframes, from 0.62 (3 years) to 0.73 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XWEM.L vs. IS3N.DE — Risk / Return Rank
XWEM.L
IS3N.DE
XWEM.L vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Momentum ESG UCITS ETF 1C (XWEM.L) 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.
| XWEM.L | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.30 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 2.74 | -0.10 |
| Martin ratioReturn relative to average drawdown | 10.89 | 9.01 | +1.88 |
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Drawdowns
XWEM.L vs. IS3N.DE - Drawdown Comparison
The maximum XWEM.L drawdown since its inception was -19.12%, smaller than the maximum IS3N.DE drawdown of -39.05%. Use the drawdown chart below to compare losses from any high point for XWEM.L and IS3N.DE.
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Drawdown Indicators
| XWEM.L | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.12% | -39.05% | +19.93% |
Max Drawdown (1Y)Largest decline over 1 year | -11.77% | -12.72% | +0.95% |
Max Drawdown (3Y)Largest decline over 3 years | -19.12% | -18.38% | -0.74% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.10% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.05% | — |
Current DrawdownCurrent decline from peak | -3.92% | -8.06% | +4.14% |
Average DrawdownAverage peak-to-trough decline | -2.23% | -13.97% | +11.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 3.87% | -1.01% |
Volatility
XWEM.L vs. IS3N.DE - Volatility Comparison
The current volatility for Xtrackers MSCI World Momentum ESG UCITS ETF 1C (XWEM.L) is 7.38%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 8.88%. This indicates that XWEM.L 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
| XWEM.L | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.38% | 8.88% | -1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 15.97% | 18.66% | -2.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.41% | 20.85% | -2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.54% | 18.67% | -1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.54% | 19.30% | -1.76% |
XWEM.L vs. IS3N.DE - Expense Ratio Comparison
XWEM.L has a 0.25% 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
XWEM.L vs. IS3N.DE - Dividend Comparison
Neither XWEM.L nor IS3N.DE has paid dividends to shareholders.
Frequently Asked Questions
XWEM.L and IS3N.DE have a correlation of 0.73, 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 0.25% for XWEM.L.
XWEM.L is categorized as Global Equities, while IS3N.DE is Emerging Markets Equities. XWEM.L tracks MSCI World Momentum Low Carbon SRI Screened Select, while IS3N.DE tracks MSCI Emerging Markets Investable Market Index (IMI). They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XWEM.L and 0.18% for IS3N.DE.
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