DRDR.L vs. IUSN.DE
DRDR.L (iShares Healthcare Innovation UCITS ETF USD (Acc)) and IUSN.DE (iShares MSCI World Small Cap UCITS ETF) are both exchange-traded funds - DRDR.L is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD, while IUSN.DE is a Global Equities fund tracking the MSCI World Small Cap. Both are passively managed. Over the past 5 years, DRDR.L returned -1.40%/yr vs 8.17%/yr for IUSN.DE. A 0.69 correlation means they provide meaningful diversification when combined. DRDR.L charges 0.40%/yr vs 0.35%/yr for IUSN.DE.
Performance
DRDR.L vs. IUSN.DE - Performance Comparison
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Different Trading Currencies
DRDR.L is traded in GBp, while IUSN.DE is traded in EUR. To make them comparable, the IUSN.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, DRDR.L achieves a 6.01% return, which is significantly lower than IUSN.DE's 16.74% return.
DRDR.L
- 1D
- 1.25%
- 1M
- 8.57%
- YTD
- 6.01%
- 6M
- 5.38%
- 1Y
- 28.81%
- 3Y*
- 6.69%
- 5Y*
- -1.40%
- 10Y*
- —
IUSN.DE
- 1D
- 0.38%
- 1M
- 3.26%
- YTD
- 16.74%
- 6M
- 16.71%
- 1Y
- 35.91%
- 3Y*
- 16.70%
- 5Y*
- 8.17%
- 10Y*
- —
DRDR.L vs. IUSN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DRDR.L iShares Healthcare Innovation UCITS ETF USD (Acc) | 6.01% | 10.25% | 2.62% | -2.51% | -14.93% | -5.21% | 48.69% | 8.88% | -1.62% |
IUSN.DE iShares MSCI World Small Cap UCITS ETF | 16.74% | 13.36% | 8.23% | 10.86% | -9.04% | 16.45% | 11.18% | 22.45% | -5.19% |
Correlation
The correlation between DRDR.L and IUSN.DE is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2018 | 0.69 |
The correlation between DRDR.L and IUSN.DE shifts across timeframes, from 0.58 (1 year) to 0.69 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DRDR.L vs. IUSN.DE — Risk / Return Rank
DRDR.L
IUSN.DE
DRDR.L vs. IUSN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Healthcare Innovation UCITS ETF USD (Acc) (DRDR.L) and iShares MSCI World Small Cap UCITS ETF (IUSN.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.
| DRDR.L | IUSN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.48 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | 4.50 | -2.21 |
| Martin ratioReturn relative to average drawdown | 5.62 | 17.25 | -11.63 |
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Drawdowns
DRDR.L vs. IUSN.DE - Drawdown Comparison
The maximum DRDR.L drawdown since its inception was -38.49%, which is greater than IUSN.DE's maximum drawdown of -33.60%. Use the drawdown chart below to compare losses from any high point for DRDR.L and IUSN.DE.
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Drawdown Indicators
| DRDR.L | IUSN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.49% | -33.60% | -4.89% |
Max Drawdown (1Y)Largest decline over 1 year | -12.51% | -7.95% | -4.56% |
Max Drawdown (3Y)Largest decline over 3 years | -22.88% | -22.57% | -0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -35.81% | -22.57% | -13.24% |
Current DrawdownCurrent decline from peak | -12.77% | 0.00% | -12.77% |
Average DrawdownAverage peak-to-trough decline | -17.43% | -6.45% | -10.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.12% | 2.08% | +3.04% |
Volatility
DRDR.L vs. IUSN.DE - Volatility Comparison
iShares Healthcare Innovation UCITS ETF USD (Acc) (DRDR.L) has a higher volatility of 5.75% compared to iShares MSCI World Small Cap UCITS ETF (IUSN.DE) at 3.40%. This indicates that DRDR.L's price experiences larger fluctuations and is considered to be riskier than IUSN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRDR.L | IUSN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.75% | 3.40% | +2.35% |
Volatility (6M)Calculated over the trailing 6-month period | 12.10% | 9.72% | +2.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.89% | 13.31% | +2.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.12% | 16.02% | +6.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.58% | 17.62% | +4.96% |
DRDR.L vs. IUSN.DE - Expense Ratio Comparison
DRDR.L has a 0.40% expense ratio, which is higher than IUSN.DE's 0.35% expense ratio.
Dividends
DRDR.L vs. IUSN.DE - Dividend Comparison
Neither DRDR.L nor IUSN.DE has paid dividends to shareholders.
Frequently Asked Questions
DRDR.L and IUSN.DE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSN.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSN.DE is cheaper with a 0.35% expense ratio, compared with 0.40% for DRDR.L.
DRDR.L is categorized as Health & Biotech Equities, while IUSN.DE is Global Equities. DRDR.L tracks MSCI World/Health Care NR USD, while IUSN.DE tracks MSCI World Small Cap. Their fees differ too: 0.40% for DRDR.L and 0.35% for IUSN.DE.
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