IUSN.DE vs. USD=X
IUSN.DE (iShares MSCI World Small Cap UCITS ETF) is Global Equities fund tracking the MSCI World Small Cap, while USD=X (USD Cash) is a currency. Over the past 5 years, IUSN.DE returned 8.27%/yr vs 0.63%/yr for USD=X. At a 0.03 correlation, their price movements are largely independent.
Performance
IUSN.DE vs. USD=X - Performance Comparison
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Different Trading Currencies
IUSN.DE is traded in EUR, while USD=X is traded in USD. To make them comparable, the USD=X 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 16.45% return, which is significantly higher than USD=X's 2.97% return.
IUSN.DE
- 1D
- 0.55%
- 1M
- -0.66%
- 6M
- 11.17%
- YTD
- 16.45%
- 1Y
- 27.61%
- 3Y*
- 14.22%
- 5Y*
- 8.27%
- 10Y*
- —
- ALL TIME*
- 9.84%
USD=X
- 1D
- 0.00%
- 1M
- 0.46%
- 6M
- 2.78%
- YTD
- 2.97%
- 1Y
- 2.50%
- 3Y*
- -0.83%
- 5Y*
- 0.63%
- 10Y*
- -0.38%
- ALL TIME*
- 1.17%
IUSN.DE vs. USD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IUSN.DE iShares MSCI World Small Cap UCITS ETF | 16.45% | 7.76% | 13.17% | 13.12% | -13.76% | 25.29% | 5.24% | 29.17% | -8.13% |
USD=X USD Cash | 2.97% | -11.87% | 6.60% | -3.00% | 6.20% | 7.48% | -8.24% | 2.26% | 6.71% |
Correlation
The correlation between IUSN.DE and USD=X is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2018 | 0.03 |
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Return for Risk
IUSN.DE vs. USD=X — Risk / Return Rank
IUSN.DE
USD=X
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IUSN.DE vs. USD=X - 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 USD Cash (USD=X). 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 | USD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.55 | ||
| Sortino ratioReturn per unit of downside risk | +2.19 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.08 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.86 | 0.57 | +3.30 |
| Martin ratioReturn relative to average drawdown | 14.04 | 1.30 | +12.74 |
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Drawdowns
IUSN.DE vs. USD=X - Drawdown Comparison
The maximum IUSN.DE drawdown since its inception was -40.27%, which is greater than USD=X's maximum drawdown of -20.32%. Use the drawdown chart below to compare losses from any high point for IUSN.DE and USD=X.
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Drawdown Indicators
| IUSN.DE | USD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.27% | -20.32% | -19.95% |
Max Drawdown (1Y)Largest decline over 1 year | -7.12% | -5.33% | -1.79% |
Max Drawdown (3Y)Largest decline over 3 years | -24.25% | -15.23% | -9.02% |
Max Drawdown (5Y)Largest decline over 5 years | -24.25% | -20.32% | -3.93% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.32% | — |
Current DrawdownCurrent decline from peak | -2.48% | -15.88% | +13.40% |
Average DrawdownAverage peak-to-trough decline | -6.93% | -9.38% | +2.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 1.77% | +0.19% |
Volatility
IUSN.DE vs. USD=X - Volatility Comparison
iShares MSCI World Small Cap UCITS ETF (IUSN.DE) has a higher volatility of 3.97% compared to USD Cash (USD=X) at 1.08%. This indicates that IUSN.DE's price experiences larger fluctuations and is considered to be riskier than USD=X 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 | USD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.97% | 1.08% | +2.89% |
Volatility (6M)Calculated over the trailing 6-month period | 9.94% | 4.62% | +5.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.57% | 5.30% | +8.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.54% | 6.42% | +10.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.24% | 6.14% | +12.10% |
Frequently Asked Questions
IUSN.DE and USD=X have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for IUSN.DE and USD=X
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