IWDA.L vs. IUSN.DE
IWDA.L (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.L tracks the MSCI World Index (Net) while IUSN.DE tracks the MSCI World Small Cap. Both are passively managed. Over the past 5 years, IWDA.L returned 11.47%/yr vs 6.97%/yr for IUSN.DE. Their correlation of 0.84 suggests significant overlap in exposure. IWDA.L charges 0.20%/yr vs 0.35%/yr for IUSN.DE.
Performance
IWDA.L vs. IUSN.DE - Performance Comparison
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Different Trading Currencies
IWDA.L is traded in USD, while IUSN.DE is traded in EUR. To make them comparable, the IUSN.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IWDA.L achieves a 8.48% return, which is significantly lower than IUSN.DE's 14.28% return.
IWDA.L
- 1D
- 2.15%
- 1M
- -0.15%
- YTD
- 8.48%
- 6M
- 9.90%
- 1Y
- 23.88%
- 3Y*
- 19.55%
- 5Y*
- 11.47%
- 10Y*
- 13.34%
IUSN.DE
- 1D
- 2.27%
- 1M
- 2.52%
- YTD
- 14.28%
- 6M
- 14.65%
- 1Y
- 32.39%
- 3Y*
- 16.89%
- 5Y*
- 6.97%
- 10Y*
- —
IWDA.L vs. IUSN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 8.48% | 21.03% | 19.11% | 24.27% | -18.11% | 22.19% | 16.06% | 27.13% | -8.93% |
IUSN.DE iShares MSCI World Small Cap UCITS ETF | 14.28% | 21.65% | 6.69% | 16.70% | -18.51% | 15.41% | 15.53% | 26.44% | -13.57% |
Correlation
The correlation between IWDA.L and IUSN.DE is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2018 | 0.84 |
The correlation between IWDA.L and IUSN.DE has been stable across timeframes, ranging from 0.80 to 0.84 - a consistent structural relationship.
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Return for Risk
IWDA.L vs. IUSN.DE — Risk / Return Rank
IWDA.L
IUSN.DE
IWDA.L 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.L) 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.L | IUSN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.36 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 3.47 | -0.68 |
| Martin ratioReturn relative to average drawdown | 11.55 | 12.38 | -0.83 |
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Drawdowns
IWDA.L vs. IUSN.DE - Drawdown Comparison
The maximum IWDA.L drawdown since its inception was -34.11%, smaller than the maximum IUSN.DE drawdown of -41.11%. Use the drawdown chart below to compare losses from any high point for IWDA.L and IUSN.DE.
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Drawdown Indicators
| IWDA.L | IUSN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.11% | -41.11% | +7.00% |
Max Drawdown (1Y)Largest decline over 1 year | -8.31% | -9.02% | +0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -16.94% | -21.08% | +4.14% |
Max Drawdown (5Y)Largest decline over 5 years | -25.88% | -30.69% | +4.81% |
Max Drawdown (10Y)Largest decline over 10 years | -34.11% | — | — |
Current DrawdownCurrent decline from peak | -1.65% | 0.00% | -1.65% |
Average DrawdownAverage peak-to-trough decline | -4.41% | -8.90% | +4.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 2.54% | -0.52% |
Volatility
IWDA.L vs. IUSN.DE - Volatility Comparison
The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) is 3.96%, while iShares MSCI World Small Cap UCITS ETF (IUSN.DE) has a volatility of 4.54%. This indicates that IWDA.L 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.L | IUSN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.96% | 4.54% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 9.61% | 10.99% | -1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.26% | 14.87% | -2.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.72% | 18.28% | -2.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.92% | 19.60% | -3.68% |
IWDA.L vs. IUSN.DE - Expense Ratio Comparison
IWDA.L has a 0.20% expense ratio, which is lower than IUSN.DE's 0.35% expense ratio.
Dividends
IWDA.L vs. IUSN.DE - Dividend Comparison
Neither IWDA.L nor IUSN.DE has paid dividends to shareholders.
Frequently Asked Questions
IWDA.L and IUSN.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWDA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWDA.L is cheaper with a 0.20% expense ratio, compared with 0.35% for IUSN.DE.
IWDA.L tracks MSCI World Index (Net), while IUSN.DE tracks MSCI World Small Cap. Their fees differ too: 0.20% for IWDA.L and 0.35% for IUSN.DE.
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