IWDA.AS vs. IUSN.DE
IWDA.AS (iShares Core MSCI World UCITS ETF USD (Acc)) and IUSN.DE (iShares MSCI World Small Cap UCITS ETF) are both Global Equities funds from iShares - IWDA.AS tracks the MSCI World Index while IUSN.DE tracks the MSCI World Small Cap. Both are passively managed. Over the past 5 years, IWDA.AS returned 12.46%/yr vs 7.95%/yr for IUSN.DE. Their correlation of 0.86 suggests significant overlap in exposure. IWDA.AS charges 0.20%/yr vs 0.35%/yr for IUSN.DE.
Performance
IWDA.AS vs. IUSN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IWDA.AS achieves a 10.11% return, which is significantly lower than IUSN.DE's 16.07% return.
IWDA.AS
- 1D
- 1.59%
- 1M
- 1.50%
- YTD
- 10.11%
- 6M
- 11.35%
- 1Y
- 23.74%
- 3Y*
- 16.75%
- 5Y*
- 12.46%
- 10Y*
- 12.98%
IUSN.DE
- 1D
- 2.38%
- 1M
- 4.76%
- YTD
- 16.07%
- 6M
- 16.37%
- 1Y
- 32.21%
- 3Y*
- 14.22%
- 5Y*
- 7.95%
- 10Y*
- —
IWDA.AS vs. IUSN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc) | 10.11% | 7.08% | 27.23% | 19.89% | -13.54% | 32.54% | 6.20% | 29.58% | -2.76% |
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% |
Correlation
The correlation between IWDA.AS and IUSN.DE is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2018 | 0.86 |
The correlation between IWDA.AS and IUSN.DE has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.
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Return for Risk
IWDA.AS vs. IUSN.DE — Risk / Return Rank
IWDA.AS
IUSN.DE
IWDA.AS vs. IUSN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) and iShares MSCI World Small Cap UCITS ETF (IUSN.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.
| IWDA.AS | IUSN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.41 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 4.42 | -0.86 |
| Martin ratioReturn relative to average drawdown | 14.14 | 16.61 | -2.47 |
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Drawdowns
IWDA.AS vs. IUSN.DE - Drawdown Comparison
The maximum IWDA.AS drawdown since its inception was -33.63%, smaller than the maximum IUSN.DE drawdown of -40.27%. Use the drawdown chart below to compare losses from any high point for IWDA.AS and IUSN.DE.
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Drawdown Indicators
| IWDA.AS | IUSN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -40.27% | +6.64% |
Max Drawdown (1Y)Largest decline over 1 year | -6.45% | -7.12% | +0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -21.59% | -24.25% | +2.66% |
Max Drawdown (5Y)Largest decline over 5 years | -21.59% | -24.25% | +2.66% |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | — | — |
Current DrawdownCurrent decline from peak | -1.19% | 0.00% | -1.19% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -7.00% | +2.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 1.90% | -0.26% |
Volatility
IWDA.AS vs. IUSN.DE - Volatility Comparison
The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) is 3.07%, while iShares MSCI World Small Cap UCITS ETF (IUSN.DE) has a volatility of 3.90%. This indicates that IWDA.AS experiences smaller price fluctuations and is considered to be less risky than IUSN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWDA.AS | IUSN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 3.90% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 7.94% | 9.79% | -1.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.14% | 13.88% | -2.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.12% | 16.56% | -2.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.00% | 18.31% | -3.31% |
IWDA.AS vs. IUSN.DE - Expense Ratio Comparison
IWDA.AS has a 0.20% expense ratio, which is lower than IUSN.DE's 0.35% expense ratio.
Dividends
IWDA.AS vs. IUSN.DE - Dividend Comparison
Neither IWDA.AS nor IUSN.DE has paid dividends to shareholders.
Frequently Asked Questions
IWDA.AS and IUSN.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWDA.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWDA.AS is cheaper with a 0.20% expense ratio, compared with 0.35% for IUSN.DE.
IWDA.AS tracks MSCI World Index, while IUSN.DE tracks MSCI World Small Cap. Their fees differ too: 0.20% for IWDA.AS and 0.35% for IUSN.DE.
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