IUSN.DE vs. ^GSPC
IUSN.DE (iShares MSCI World Small Cap UCITS ETF) is Global Equities fund tracking the MSCI World Small Cap, while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, IUSN.DE returned 8.11%/yr vs 12.03%/yr for ^GSPC. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
IUSN.DE vs. ^GSPC - Performance Comparison
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Different Trading Currencies
IUSN.DE is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IUSN.DE achieves a 15.81% return, which is significantly higher than ^GSPC's 11.89% return.
IUSN.DE
- 1D
- 0.22%
- 1M
- -1.21%
- 6M
- 10.15%
- YTD
- 15.81%
- 1Y
- 27.08%
- 3Y*
- 14.01%
- 5Y*
- 8.11%
- 10Y*
- —
- ALL TIME*
- 9.77%
^GSPC
- 1D
- 0.01%
- 1M
- -0.35%
- 6M
- 8.98%
- YTD
- 11.89%
- 1Y
- 20.36%
- 3Y*
- 16.94%
- 5Y*
- 12.03%
- 10Y*
- 12.65%
- ALL TIME*
- 10.08%
IUSN.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IUSN.DE iShares MSCI World Small Cap UCITS ETF | 15.81% | 7.76% | 13.17% | 13.12% | -13.76% | 25.29% | 5.24% | 29.17% | -8.13% |
^GSPC S&P 500 Index | 11.89% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 6.68% | 31.79% | 1.53% |
Correlation
The correlation between IUSN.DE and ^GSPC is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2018 | 0.51 |
The correlation between IUSN.DE and ^GSPC shifts across timeframes, from 0.48 (5 years) to 0.59 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IUSN.DE vs. ^GSPC — Risk / Return Rank
IUSN.DE
^GSPC
IUSN.DE vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Small Cap UCITS ETF (IUSN.DE) and S&P 500 Index (^GSPC). 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.
| IUSN.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.30 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | 2.70 | +1.09 |
| Martin ratioReturn relative to average drawdown | 13.81 | 9.96 | +3.85 |
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Drawdowns
IUSN.DE vs. ^GSPC - Drawdown Comparison
The maximum IUSN.DE drawdown since its inception was -40.27%, smaller than the maximum ^GSPC drawdown of -50.14%. Use the drawdown chart below to compare losses from any high point for IUSN.DE and ^GSPC.
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Drawdown Indicators
| IUSN.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.27% | -50.14% | +9.87% |
Max Drawdown (1Y)Largest decline over 1 year | -7.12% | -7.57% | +0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -24.25% | -23.99% | -0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -24.25% | -23.99% | -0.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.42% | — |
Current DrawdownCurrent decline from peak | -3.01% | -1.73% | -1.28% |
Average DrawdownAverage peak-to-trough decline | -6.93% | -8.49% | +1.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 2.05% | -0.09% |
Volatility
IUSN.DE vs. ^GSPC - Volatility Comparison
iShares MSCI World Small Cap UCITS ETF (IUSN.DE) has a higher volatility of 3.94% compared to S&P 500 Index (^GSPC) at 2.79%. This indicates that IUSN.DE's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUSN.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.94% | 2.79% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 9.94% | 9.21% | +0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.59% | 12.64% | +0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.55% | 16.83% | -0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.25% | 18.61% | -0.36% |
Frequently Asked Questions
IUSN.DE and ^GSPC have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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