IUSN.DE vs. XDWH.L
IUSN.DE (iShares MSCI World Small Cap UCITS ETF) and XDWH.L (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.L 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 7.95%/yr vs 5.26%/yr for XDWH.L. A 0.54 correlation means they provide meaningful diversification when combined. IUSN.DE charges 0.35%/yr vs 0.25%/yr for XDWH.L.
Performance
IUSN.DE vs. XDWH.L - Performance Comparison
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Different Trading Currencies
IUSN.DE is traded in EUR, while XDWH.L is traded in USD. To make them comparable, the XDWH.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 XDWH.L's -0.12% return.
IUSN.DE
- 1D
- 2.38%
- 1M
- 4.39%
- YTD
- 16.07%
- 6M
- 16.37%
- 1Y
- 31.63%
- 3Y*
- 14.22%
- 5Y*
- 7.95%
- 10Y*
- —
XDWH.L
- 1D
- 0.24%
- 1M
- 5.12%
- YTD
- -0.12%
- 6M
- 1.15%
- 1Y
- 10.57%
- 3Y*
- 3.39%
- 5Y*
- 5.26%
- 10Y*
- 8.07%
IUSN.DE vs. XDWH.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% |
XDWH.L Xtrackers MSCI World Health Care UCITS ETF 1C | -0.12% | 1.57% | 7.40% | 0.70% | 0.44% | 29.58% | 3.58% | 25.73% | 9.30% |
Correlation
The correlation between IUSN.DE and XDWH.L is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
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 | 0.54 |
The correlation between IUSN.DE and XDWH.L shifts across timeframes, from 0.38 (1 year) to 0.54 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IUSN.DE vs. XDWH.L — Risk / Return Rank
IUSN.DE
XDWH.L
IUSN.DE vs. XDWH.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 Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.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 | XDWH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.57 | ||
| Sortino ratioReturn per unit of downside risk | +2.11 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.13 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 4.42 | 1.04 | +3.38 |
| Martin ratioReturn relative to average drawdown | 16.61 | 2.55 | +14.06 |
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Drawdowns
IUSN.DE vs. XDWH.L - Drawdown Comparison
The maximum IUSN.DE drawdown since its inception was -40.27%, which is greater than XDWH.L's maximum drawdown of -25.61%. Use the drawdown chart below to compare losses from any high point for IUSN.DE and XDWH.L.
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Drawdown Indicators
| IUSN.DE | XDWH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.27% | -25.61% | -14.66% |
Max Drawdown (1Y)Largest decline over 1 year | -7.12% | -10.11% | +2.99% |
Max Drawdown (3Y)Largest decline over 3 years | -24.25% | -21.19% | -3.06% |
Max Drawdown (5Y)Largest decline over 5 years | -24.25% | -21.19% | -3.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.61% | — |
Current DrawdownCurrent decline from peak | 0.00% | -6.95% | +6.95% |
Average DrawdownAverage peak-to-trough decline | -7.00% | -5.03% | -1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 4.04% | -2.14% |
Volatility
IUSN.DE vs. XDWH.L - Volatility Comparison
The current volatility for iShares MSCI World Small Cap UCITS ETF (IUSN.DE) is 3.90%, while Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.L) has a volatility of 5.05%. This indicates that IUSN.DE experiences smaller price fluctuations and is considered to be less risky than XDWH.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 | XDWH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.90% | 5.05% | -1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 9.79% | 10.71% | -0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.88% | 14.73% | -0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.56% | 14.08% | +2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.31% | 15.37% | +2.94% |
IUSN.DE vs. XDWH.L - Expense Ratio Comparison
IUSN.DE has a 0.35% expense ratio, which is higher than XDWH.L's 0.25% expense ratio.
Dividends
IUSN.DE vs. XDWH.L - Dividend Comparison
Neither IUSN.DE nor XDWH.L has paid dividends to shareholders.
Frequently Asked Questions
IUSN.DE and XDWH.L have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDWH.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDWH.L is cheaper with a 0.25% expense ratio, compared with 0.35% for IUSN.DE.
IUSN.DE is categorized as Global Equities, while XDWH.L is Health & Biotech Equities. IUSN.DE tracks MSCI World Small Cap, while XDWH.L 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.L.
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