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INAA.AS vs. XUSE.AS
Performance
Return for Risk
Dividends
Drawdowns
Volatility

INAA.AS vs. XUSE.AS

Last updated Apr 2, 2026

Compare and contrast key facts about iShares MSCI North America UCITS ETF (INAA.AS) and iShares MSCI World ex-USA UCITS ETF (XUSE.AS).

INAA.AS and XUSE.AS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. INAA.AS is a passively managed fund by iShares that tracks the performance of the Russell 1000 TR USD. It was launched on Jun 2, 2006. XUSE.AS is a passively managed fund by iShares that tracks the performance of the MSCI World ex USA Index. It was launched on Jan 24, 2025. Both INAA.AS and XUSE.AS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

INAA.AS vs. XUSE.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares MSCI North America UCITS ETF (INAA.AS) and iShares MSCI World ex-USA UCITS ETF (XUSE.AS). The values are adjusted to include any dividend payments, if applicable.

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INAA.AS vs. XUSE.AS - Yearly Performance Comparison

2026 (YTD)2025
INAA.AS
iShares MSCI North America UCITS ETF		-2.87%1.87%
XUSE.AS
iShares MSCI World ex-USA UCITS ETF		3.86%11.20%
Different Trading Currencies

INAA.AS is traded in EUR, while XUSE.AS is traded in USD. To make them comparable, the XUSE.AS values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, INAA.AS achieves a -2.87% return, which is significantly lower than XUSE.AS's 3.86% return.

INAA.AS

1D
1.65%
1M
-3.12%
YTD
-2.87%
6M
-0.09%
1Y
10.25%
3Y*
15.71%
5Y*
11.28%
10Y*
13.04%

XUSE.AS

1D
3.58%
1M
-2.93%
YTD
3.86%
6M
9.12%
1Y
17.82%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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iShares MSCI North America UCITS ETF

iShares MSCI World ex-USA UCITS ETF

Often compared with INAA.AS:
INAA.AS vs. VUGINAA.AS vs. SPYINAA.AS vs. IDVY.ASINAA.AS vs. CSPX.ASINAA.AS vs. CSUS.ASINAA.AS vs. IMAE.ASINAA.AS vs. IWDA.AS
Often compared with XUSE.AS:
XUSE.AS vs. EXUS.LXUSE.AS vs. VXUSXUSE.AS vs. VDHG.AXXUSE.AS vs. VWCE.DEXUSE.AS vs. VOOXUSE.AS vs. XMWX.LXUSE.AS vs. GLD

INAA.AS vs. XUSE.AS - Expense Ratio Comparison

INAA.AS has a 0.40% expense ratio, which is higher than XUSE.AS's 0.25% expense ratio.

INAA.AS
iShares MSCI North America UCITS ETF
XUSE.AS
iShares MSCI World ex-USA UCITS ETF

Return for Risk

INAA.AS vs. XUSE.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
INAA.AS
INAA.AS Risk / Return Rank: 5252
Overall Rank
INAA.AS Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
INAA.AS Sortino Ratio Rank: 2828
Sortino Ratio Rank
INAA.AS Omega Ratio Rank: 3131
Omega Ratio Rank
INAA.AS Calmar Ratio Rank: 8787
Calmar Ratio Rank
INAA.AS Martin Ratio Rank: 8383
Martin Ratio Rank
XUSE.AS
XUSE.AS Risk / Return Rank: 8585
Overall Rank
XUSE.AS Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
XUSE.AS Sortino Ratio Rank: 8282
Sortino Ratio Rank
XUSE.AS Omega Ratio Rank: 8080
Omega Ratio Rank
XUSE.AS Calmar Ratio Rank: 9191
Calmar Ratio Rank
XUSE.AS Martin Ratio Rank: 9292
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

INAA.AS vs. XUSE.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI North America UCITS ETF (INAA.AS) and iShares MSCI World ex-USA UCITS ETF (XUSE.AS). 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.

INAA.ASXUSE.ASDifference

Sharpe ratio

Return per unit of total volatility

0.60

1.19

-0.59

Sortino ratio

Return per unit of downside risk

0.90

1.63

-0.72

Omega ratio

Gain probability vs. loss probability

1.14

1.24

-0.10

Calmar ratio

Return relative to maximum drawdown

3.02

3.31

-0.29

Martin ratio

Return relative to average drawdown

10.47

13.76

-3.29

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INAA.AS vs. XUSE.AS - Sharpe Ratio Comparison

The current INAA.AS Sharpe Ratio is 0.60, which is lower than the XUSE.AS Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of INAA.AS and XUSE.AS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

INAA.ASXUSE.ASDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.60

1.19

-0.59

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.72

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.79

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.59

0.86

-0.27

Correlation

The correlation between INAA.AS and XUSE.AS is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

INAA.AS vs. XUSE.AS - Dividend Comparison

INAA.AS's dividend yield for the trailing twelve months is around 0.60%, while XUSE.AS has not paid dividends to shareholders.

TTM20252024202320222021202020192018201720162015
INAA.AS
iShares MSCI North America UCITS ETF		0.60%0.59%0.69%0.92%1.08%0.62%0.94%1.10%1.21%1.18%1.25%1.39%
XUSE.AS
iShares MSCI World ex-USA UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

INAA.AS vs. XUSE.AS - Drawdown Comparison

The maximum INAA.AS drawdown since its inception was -51.35%, which is greater than XUSE.AS's maximum drawdown of -15.66%. Use the drawdown chart below to compare losses from any high point for INAA.AS and XUSE.AS.

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Drawdown Indicators

INAA.ASXUSE.ASDifference

Max Drawdown

Largest peak-to-trough decline

-51.35%

-12.97%

-38.38%

Max Drawdown (1Y)

Largest decline over 1 year

-13.52%

-10.54%

-2.98%

Max Drawdown (5Y)

Largest decline over 5 years

-23.43%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-34.42%

—

—

Current Drawdown

Current decline from peak

-5.30%

-6.24%

+0.94%

Average Drawdown

Average peak-to-trough decline

-8.38%

-1.59%

-6.79%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.09%

2.62%

-0.53%

Volatility

INAA.AS vs. XUSE.AS - Volatility Comparison

The current volatility for iShares MSCI North America UCITS ETF (INAA.AS) is 3.72%, while iShares MSCI World ex-USA UCITS ETF (XUSE.AS) has a volatility of 6.93%. This indicates that INAA.AS experiences smaller price fluctuations and is considered to be less risky than XUSE.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

INAA.ASXUSE.ASDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.72%

6.93%

-3.21%

Volatility (6M)

Calculated over the trailing 6-month period

8.49%

10.04%

-1.55%

Volatility (1Y)

Calculated over the trailing 1-year period

17.04%

14.88%

+2.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.34%

15.06%

+0.28%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.21%

15.06%

+1.15%