IUSN.DE vs. XDWH.DE
IUSN.DE (iShares MSCI World Small Cap UCITS ETF) and XDWH.DE (Xtrackers MSCI World Health Care UCITS ETF 1C) are both exchange-traded funds - IUSN.DE is a Global Equities fund tracking the MSCI World Small Cap, while XDWH.DE is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD. Both are passively managed. Over the past 5 years, IUSN.DE returned 8.11%/yr vs 5.17%/yr for XDWH.DE. A 0.56 correlation means they provide meaningful diversification when combined. IUSN.DE charges 0.35%/yr vs 0.25%/yr for XDWH.DE.
Performance
IUSN.DE vs. XDWH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUSN.DE achieves a 15.81% return, which is significantly higher than XDWH.DE's 4.45% 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%
XDWH.DE
- 1D
- -1.04%
- 1M
- 6.43%
- 6M
- 3.42%
- YTD
- 4.45%
- 1Y
- 20.61%
- 3Y*
- 5.03%
- 5Y*
- 5.17%
- 10Y*
- 7.65%
- ALL TIME*
- 9.70%
IUSN.DE vs. XDWH.DE - 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% |
XDWH.DE Xtrackers MSCI World Health Care UCITS ETF 1C | 4.45% | 2.20% | 7.45% | 0.04% | 0.11% | 30.30% | 2.70% | 27.21% | 8.83% |
Correlation
The correlation between IUSN.DE and XDWH.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
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 | 0.56 |
Over the past year, the correlation between IUSN.DE and XDWH.DE has dropped to 0.35 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.
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Return for Risk
IUSN.DE vs. XDWH.DE — Risk / Return Rank
IUSN.DE
XDWH.DE
IUSN.DE vs. XDWH.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 Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.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.
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 | XDWH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.25 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | 2.09 | +1.70 |
| Martin ratioReturn relative to average drawdown | 13.81 | 5.36 | +8.45 |
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Drawdowns
IUSN.DE vs. XDWH.DE - Drawdown Comparison
The maximum IUSN.DE drawdown since its inception was -40.27%, roughly equal to the maximum XDWH.DE drawdown of -40.65%. Use the drawdown chart below to compare losses from any high point for IUSN.DE and XDWH.DE.
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Drawdown Indicators
| IUSN.DE | XDWH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.27% | -40.65% | +0.38% |
Max Drawdown (1Y)Largest decline over 1 year | -7.12% | -9.82% | +2.70% |
Max Drawdown (3Y)Largest decline over 3 years | -24.25% | -21.11% | -3.14% |
Max Drawdown (5Y)Largest decline over 5 years | -24.25% | -21.11% | -3.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.06% | — |
Current DrawdownCurrent decline from peak | -3.01% | -2.91% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -6.93% | -7.33% | +0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 3.84% | -1.88% |
Volatility
IUSN.DE vs. XDWH.DE - Volatility Comparison
The current volatility for iShares MSCI World Small Cap UCITS ETF (IUSN.DE) is 3.94%, while Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.DE) has a volatility of 5.17%. This indicates that IUSN.DE experiences smaller price fluctuations and is considered to be less risky than XDWH.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 | XDWH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.94% | 5.17% | -1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 9.94% | 10.44% | -0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.59% | 14.28% | -0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.55% | 13.57% | +2.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.25% | 15.65% | +2.60% |
IUSN.DE vs. XDWH.DE - Expense Ratio Comparison
IUSN.DE has a 0.35% expense ratio, which is higher than XDWH.DE's 0.25% expense ratio.
Dividends
IUSN.DE vs. XDWH.DE - Dividend Comparison
Neither IUSN.DE nor XDWH.DE has paid dividends to shareholders.
Frequently Asked Questions
IUSN.DE and XDWH.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDWH.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDWH.DE is cheaper with a 0.25% expense ratio, compared with 0.35% for IUSN.DE.
IUSN.DE is categorized as Global Equities, while XDWH.DE is Health & Biotech Equities. IUSN.DE tracks MSCI World Small Cap, while XDWH.DE tracks MSCI World/Health Care NR USD. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.35% for IUSN.DE and 0.25% for XDWH.DE.
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