IUSN.DE vs. IWFQ.L
IUSN.DE (iShares MSCI World Small Cap UCITS ETF) and IWFQ.L (iShares MSCI World Quality Factor UCITS) are both Global Equities funds from iShares - IUSN.DE tracks the MSCI World Small Cap while IWFQ.L tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, IUSN.DE returned 7.95%/yr vs 11.27%/yr for IWFQ.L. A 0.76 correlation means they provide meaningful diversification when combined. IUSN.DE charges 0.35%/yr vs 0.30%/yr for IWFQ.L.
Performance
IUSN.DE vs. IWFQ.L - Performance Comparison
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Different Trading Currencies
IUSN.DE is traded in EUR, while IWFQ.L is traded in GBp. To make them comparable, the IWFQ.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 IWFQ.L's 10.28% 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*
- —
IWFQ.L
- 1D
- 1.18%
- 1M
- 2.78%
- YTD
- 10.28%
- 6M
- 11.32%
- 1Y
- 21.29%
- 3Y*
- 15.02%
- 5Y*
- 11.27%
- 10Y*
- 12.37%
IUSN.DE vs. IWFQ.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% |
IWFQ.L iShares MSCI World Quality Factor UCITS | 10.28% | 1.80% | 24.66% | 21.68% | -14.21% | 33.31% | 4.90% | 33.87% | -1.29% |
Correlation
The correlation between IUSN.DE and IWFQ.L is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2018 | 0.76 |
The correlation between IUSN.DE and IWFQ.L has been stable across timeframes, ranging from 0.71 to 0.78 - a consistent structural relationship.
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Return for Risk
IUSN.DE vs. IWFQ.L — Risk / Return Rank
IUSN.DE
IWFQ.L
IUSN.DE vs. IWFQ.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 MSCI World Quality Factor UCITS (IWFQ.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 | IWFQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.36 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.42 | 3.10 | +1.32 |
| Martin ratioReturn relative to average drawdown | 16.61 | 13.11 | +3.50 |
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Drawdowns
IUSN.DE vs. IWFQ.L - Drawdown Comparison
The maximum IUSN.DE drawdown since its inception was -40.27%, roughly equal to the maximum IWFQ.L drawdown of -41.48%. Use the drawdown chart below to compare losses from any high point for IUSN.DE and IWFQ.L.
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Drawdown Indicators
| IUSN.DE | IWFQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.27% | -41.48% | +1.21% |
Max Drawdown (1Y)Largest decline over 1 year | -7.12% | -6.51% | -0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -24.25% | -20.22% | -4.03% |
Max Drawdown (5Y)Largest decline over 5 years | -24.25% | -20.22% | -4.03% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.50% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.00% | -10.55% | +3.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 1.54% | +0.36% |
Volatility
IUSN.DE vs. IWFQ.L - Volatility Comparison
iShares MSCI World Small Cap UCITS ETF (IUSN.DE) has a higher volatility of 3.90% compared to iShares MSCI World Quality Factor UCITS (IWFQ.L) at 2.28%. This indicates that IUSN.DE's price experiences larger fluctuations and is considered to be riskier than IWFQ.L 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 | IWFQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.90% | 2.28% | +1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 9.79% | 7.42% | +2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.88% | 10.46% | +3.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.56% | 19.75% | -3.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.31% | 17.86% | +0.45% |
IUSN.DE vs. IWFQ.L - Expense Ratio Comparison
IUSN.DE has a 0.35% expense ratio, which is higher than IWFQ.L's 0.30% expense ratio.
Dividends
IUSN.DE vs. IWFQ.L - Dividend Comparison
Neither IUSN.DE nor IWFQ.L has paid dividends to shareholders.
Frequently Asked Questions
IUSN.DE and IWFQ.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWFQ.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWFQ.L is cheaper with a 0.30% expense ratio, compared with 0.35% for IUSN.DE.
IUSN.DE tracks MSCI World Small Cap, while IWFQ.L tracks MSCI ACWI NR USD. Their fees differ too: 0.35% for IUSN.DE and 0.30% for IWFQ.L.
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