IUSN.DE vs. IWDA.L
IUSN.DE (iShares MSCI World Small Cap UCITS ETF) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both Global Equities funds from iShares - IUSN.DE tracks the MSCI World Small Cap while IWDA.L tracks the MSCI World Index (Net). Both are passively managed. Over the past 5 years, IUSN.DE returned 7.95%/yr vs 12.49%/yr for IWDA.L. Their correlation of 0.81 suggests significant overlap in exposure. IUSN.DE charges 0.35%/yr vs 0.20%/yr for IWDA.L.
Performance
IUSN.DE vs. IWDA.L - Performance Comparison
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Different Trading Currencies
IUSN.DE is traded in EUR, while IWDA.L is traded in USD. To make them comparable, the IWDA.L 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 16.07% return, which is significantly higher than IWDA.L's 10.15% return.
IUSN.DE
- 1D
- 2.38%
- 1M
- 3.44%
- YTD
- 16.07%
- 6M
- 16.37%
- 1Y
- 32.21%
- 3Y*
- 14.22%
- 5Y*
- 7.95%
- 10Y*
- —
IWDA.L
- 1D
- 2.24%
- 1M
- 0.74%
- YTD
- 10.15%
- 6M
- 11.52%
- 1Y
- 23.70%
- 3Y*
- 16.80%
- 5Y*
- 12.49%
- 10Y*
- 12.98%
IUSN.DE vs. IWDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IUSN.DE iShares MSCI World Small Cap UCITS ETF | 16.07% | 7.76% | 13.17% | 13.12% | -13.76% | 25.29% | 5.24% | 29.17% | -8.13% |
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 10.15% | 6.67% | 26.97% | 20.54% | -13.04% | 31.33% | 6.49% | 30.00% | -2.82% |
Correlation
The correlation between IUSN.DE and IWDA.L is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2018 | 0.81 |
The correlation between IUSN.DE and IWDA.L has been stable across timeframes, ranging from 0.77 to 0.81 - a consistent structural relationship.
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Return for Risk
IUSN.DE vs. IWDA.L — Risk / Return Rank
IUSN.DE
IWDA.L
IUSN.DE vs. IWDA.L - 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 World UCITS ETF USD (Acc) (IWDA.L). 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 | IWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.36 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.42 | 3.68 | +0.74 |
| Martin ratioReturn relative to average drawdown | 16.61 | 13.64 | +2.97 |
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Drawdowns
IUSN.DE vs. IWDA.L - Drawdown Comparison
The maximum IUSN.DE drawdown since its inception was -40.27%, which is greater than IWDA.L's maximum drawdown of -33.57%. Use the drawdown chart below to compare losses from any high point for IUSN.DE and IWDA.L.
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Drawdown Indicators
| IUSN.DE | IWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.27% | -33.57% | -6.70% |
Max Drawdown (1Y)Largest decline over 1 year | -7.12% | -6.37% | -0.75% |
Max Drawdown (3Y)Largest decline over 3 years | -24.25% | -20.70% | -3.55% |
Max Drawdown (5Y)Largest decline over 5 years | -24.25% | -20.70% | -3.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.57% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.13% | +1.13% |
Average DrawdownAverage peak-to-trough decline | -7.00% | -4.31% | -2.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 1.72% | +0.18% |
Volatility
IUSN.DE vs. IWDA.L - Volatility Comparison
iShares MSCI World Small Cap UCITS ETF (IUSN.DE) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) have volatilities of 3.90% and 3.84%, 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
| IUSN.DE | IWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.90% | 3.84% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 9.79% | 9.27% | +0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.88% | 12.38% | +1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.56% | 15.06% | +1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.31% | 15.85% | +2.46% |
IUSN.DE vs. IWDA.L - Expense Ratio Comparison
IUSN.DE has a 0.35% expense ratio, which is higher than IWDA.L's 0.20% expense ratio.
Dividends
IUSN.DE vs. IWDA.L - Dividend Comparison
Neither IUSN.DE nor IWDA.L has paid dividends to shareholders.
Frequently Asked Questions
IUSN.DE and IWDA.L have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWDA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWDA.L is cheaper with a 0.20% expense ratio, compared with 0.35% for IUSN.DE.
IUSN.DE tracks MSCI World Small Cap, while IWDA.L tracks MSCI World Index (Net). Their fees differ too: 0.35% for IUSN.DE and 0.20% for IWDA.L.
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