IUS3.DE vs. MWON.DE
IUS3.DE (iShares S&P SmallCap 600 UCITS ETF USD (Dist)) and MWON.DE (Amundi S&P SmallCap 600 ESG UCITS ETF Dist) are both Small Cap Blend Equities funds - IUS3.DE tracks the S&P SmallCap 600 Index while MWON.DE tracks the S&P SmallCap 600 ESG+. Both are passively managed. Over the past 3 years, IUS3.DE returned 13.58%/yr vs 12.19%/yr for MWON.DE. With a 0.97 correlation, they move nearly in lockstep. IUS3.DE charges 0.40%/yr vs 0.35%/yr for MWON.DE.
Performance
IUS3.DE vs. MWON.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUS3.DE achieves a 22.44% return, which is significantly higher than MWON.DE's 19.49% return.
IUS3.DE
- 1D
- 1.07%
- 1M
- 3.17%
- 6M
- 17.44%
- YTD
- 22.44%
- 1Y
- 32.99%
- 3Y*
- 13.58%
- 5Y*
- 7.99%
- 10Y*
- 9.86%
MWON.DE
- 1D
- 0.00%
- 1M
- 2.26%
- 6M
- 15.41%
- YTD
- 19.49%
- 1Y
- 26.72%
- 3Y*
- 12.19%
- 5Y*
- —
- 10Y*
- —
IUS3.DE vs. MWON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IUS3.DE iShares S&P SmallCap 600 UCITS ETF USD (Dist) | 22.44% | -4.35% | 12.84% | 10.35% |
MWON.DE Amundi S&P SmallCap 600 ESG UCITS ETF Dist | 19.49% | -7.40% | 13.62% | 11.98% |
Correlation
The correlation between IUS3.DE and MWON.DE is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2023 | 0.97 |
The correlation between IUS3.DE and MWON.DE has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.
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Return for Risk
IUS3.DE vs. MWON.DE — Risk / Return Rank
IUS3.DE
MWON.DE
IUS3.DE vs. MWON.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P SmallCap 600 UCITS ETF USD (Dist) (IUS3.DE) and Amundi S&P SmallCap 600 ESG UCITS ETF Dist (MWON.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.
| IUS3.DE | MWON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.27 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 5.23 | 1.42 | +3.81 |
| Martin ratioReturn relative to average drawdown | 15.45 | 2.93 | +12.52 |
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Drawdowns
IUS3.DE vs. MWON.DE - Drawdown Comparison
The maximum IUS3.DE drawdown since its inception was -57.43%, which is greater than MWON.DE's maximum drawdown of -32.39%. Use the drawdown chart below to compare losses from any high point for IUS3.DE and MWON.DE.
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Drawdown Indicators
| IUS3.DE | MWON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.43% | -32.39% | -25.04% |
Max Drawdown (1Y)Largest decline over 1 year | -6.28% | -18.78% | +12.50% |
Max Drawdown (3Y)Largest decline over 3 years | -32.89% | -32.39% | -0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -32.89% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.55% | — | — |
Current DrawdownCurrent decline from peak | -2.33% | -2.77% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -12.69% | -9.68% | -3.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 9.12% | -6.99% |
Volatility
IUS3.DE vs. MWON.DE - Volatility Comparison
iShares S&P SmallCap 600 UCITS ETF USD (Dist) (IUS3.DE) and Amundi S&P SmallCap 600 ESG UCITS ETF Dist (MWON.DE) have volatilities of 4.43% and 4.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUS3.DE | MWON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 4.42% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 10.96% | 12.37% | -1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.54% | 28.07% | -11.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.06% | 22.93% | -2.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.39% | 22.93% | -1.54% |
IUS3.DE vs. MWON.DE - Expense Ratio Comparison
IUS3.DE has a 0.40% expense ratio, which is higher than MWON.DE's 0.35% expense ratio.
Dividends
IUS3.DE vs. MWON.DE - Dividend Comparison
IUS3.DE's dividend yield for the trailing twelve months is around 0.48%, less than MWON.DE's 0.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUS3.DE iShares S&P SmallCap 600 UCITS ETF USD (Dist) | 0.48% | 1.24% | 1.13% | 1.08% | 1.05% | 0.62% | 0.96% | 0.92% | 0.98% | 0.79% | 0.84% | 0.54% |
MWON.DE Amundi S&P SmallCap 600 ESG UCITS ETF Dist | 0.88% | 1.15% | 0.86% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.97, IUS3.DE and MWON.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, MWON.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MWON.DE is cheaper with a 0.35% expense ratio, compared with 0.40% for IUS3.DE.
IUS3.DE tracks S&P SmallCap 600 Index, while MWON.DE tracks S&P SmallCap 600 ESG+. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.40% for IUS3.DE and 0.35% for MWON.DE.
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