IUSN.DE vs. IS3N.DE
IUSN.DE (iShares MSCI World Small Cap UCITS ETF) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - IUSN.DE is a Global Equities fund tracking the MSCI World Small Cap, while IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market (IMI). Both are passively managed. Over the past 5 years, IUSN.DE returned 8.07%/yr vs 8.61%/yr for IS3N.DE. A 0.65 correlation means they provide meaningful diversification when combined. IUSN.DE charges 0.35%/yr vs 0.18%/yr for IS3N.DE.
Performance
IUSN.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUSN.DE achieves a 14.82% return, which is significantly lower than IS3N.DE's 25.82% return.
IUSN.DE
- 1D
- 0.51%
- 1M
- 2.54%
- YTD
- 14.82%
- 6M
- 15.37%
- 1Y
- 29.99%
- 3Y*
- 14.95%
- 5Y*
- 8.07%
- 10Y*
- —
IS3N.DE
- 1D
- -1.45%
- 1M
- 3.11%
- YTD
- 25.82%
- 6M
- 26.34%
- 1Y
- 45.77%
- 3Y*
- 19.99%
- 5Y*
- 8.61%
- 10Y*
- 10.00%
IUSN.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IUSN.DE iShares MSCI World Small Cap UCITS ETF | 14.82% | 7.82% | 13.17% | 13.11% | -13.82% | 25.28% | 5.33% | 29.05% | -8.27% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 25.82% | 17.14% | 13.87% | 7.20% | -14.09% | 7.38% | 7.07% | 21.01% | -8.06% |
Correlation
The correlation between IUSN.DE and IS3N.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2018 | 0.65 |
The correlation between IUSN.DE and IS3N.DE has been stable across timeframes, ranging from 0.62 to 0.67 - a consistent structural relationship.
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Return for Risk
IUSN.DE vs. IS3N.DE — Risk / Return Rank
IUSN.DE
IS3N.DE
IUSN.DE vs. IS3N.DE - 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 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.
| IUSN.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.49 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.20 | 4.42 | -0.22 |
| Martin ratioReturn relative to average drawdown | 15.62 | 16.00 | -0.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IUSN.DE | IS3N.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 2.69 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.53 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.44 | +0.09 |
Drawdowns
IUSN.DE vs. IS3N.DE - Drawdown Comparison
The maximum IUSN.DE drawdown since its inception was -40.23%, which is greater than IS3N.DE's maximum drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for IUSN.DE and IS3N.DE.
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Drawdown Indicators
| IUSN.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.23% | -35.06% | -5.17% |
Max Drawdown (1Y)Largest decline over 1 year | -7.12% | -10.52% | +3.40% |
Max Drawdown (3Y)Largest decline over 3 years | -24.32% | -19.17% | -5.15% |
Max Drawdown (5Y)Largest decline over 5 years | -24.32% | -22.01% | -2.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.51% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.49% | +2.49% |
Average DrawdownAverage peak-to-trough decline | -7.03% | -9.30% | +2.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 2.91% | -0.99% |
Volatility
IUSN.DE vs. IS3N.DE - Volatility Comparison
The current volatility for iShares MSCI World Small Cap UCITS ETF (IUSN.DE) is 3.46%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 7.16%. This indicates that IUSN.DE 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
| IUSN.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 7.16% | -3.70% |
Volatility (6M)Calculated over the trailing 6-month period | 9.56% | 14.69% | -5.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.64% | 17.32% | -3.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.53% | 16.19% | +0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.31% | 18.04% | +0.27% |
IUSN.DE vs. IS3N.DE - Expense Ratio Comparison
IUSN.DE has a 0.35% expense ratio, which is higher than IS3N.DE's 0.18% expense ratio.
Dividends
IUSN.DE vs. IS3N.DE - Dividend Comparison
Neither IUSN.DE nor IS3N.DE has paid dividends to shareholders.
Frequently Asked Questions
IUSN.DE and IS3N.DE have a correlation of 0.67, 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 0.35% for IUSN.DE.
IUSN.DE is categorized as Global Equities, while IS3N.DE is Emerging Markets Equities. IUSN.DE tracks MSCI World Small Cap, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). Their fees differ too: 0.35% for IUSN.DE and 0.18% for IS3N.DE.
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