IWRD.AS vs. DJSC.AS

Last updated Jun 5, 2026

IWRD.AS (iShares MSCI World UCITS ETF) and DJSC.AS (iShares EURO STOXX Small UCITS ETF) are both exchange-traded funds - IWRD.AS is a Global Equities fund tracking the MSCI ACWI NR USD, while DJSC.AS is a Europe Equities fund tracking the MSCI EMU SMID NR EUR. Both are passively managed. Over the past 10 years, IWRD.AS returned 12.50%/yr vs 8.67%/yr for DJSC.AS. A 0.71 correlation means they provide meaningful diversification when combined. IWRD.AS charges 0.50%/yr vs 0.40%/yr for DJSC.AS.

Performance

IWRD.AS vs. DJSC.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares MSCI World UCITS ETF (IWRD.AS) and iShares EURO STOXX Small UCITS ETF (DJSC.AS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IWRD.AS achieves a 10.92% return, which is significantly higher than DJSC.AS's 9.15% return. Over the past 10 years, IWRD.AS has outperformed DJSC.AS with an annualized return of 12.50%, while DJSC.AS has yielded a comparatively lower 8.67% annualized return.

IWRD.AS

• 1D: -0.08%
• 1M: 4.72%
• YTD: 10.92%
• 6M: 11.18%
• 1Y: 23.48%
• 3Y*: 17.21%
• 5Y*: 12.56%
• 10Y*: 12.50%

DJSC.AS

• 1D: -0.28%
• 1M: 3.09%
• YTD: 9.15%
• 6M: 11.86%
• 1Y: 18.07%
• 3Y*: 10.59%
• 5Y*: 5.12%
• 10Y*: 8.67%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IWRD.AS vs. DJSC.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IWRD.AS iShares MSCI World UCITS ETF	10.92%	6.83%	26.78%	19.68%	-13.85%	32.06%	5.87%	29.11%	-4.38%	7.51%
DJSC.AS iShares EURO STOXX Small UCITS ETF	9.15%	21.43%	-2.89%	12.25%	-14.19%	21.56%	8.54%	25.52%	-12.83%	22.19%

Correlation

The correlation between IWRD.AS and DJSC.AS is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Nov 24, 2005	0.71

The correlation between IWRD.AS and DJSC.AS has been stable across timeframes, ranging from 0.63 to 0.72 - a consistent structural relationship.

Return for Risk

IWRD.AS vs. DJSC.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IWRD.AS

IWRD.AS Risk / Return Rank: 68
IWRD.AS Sharpe Ratio Rank: 65
IWRD.AS Sortino Ratio Rank: 65
IWRD.AS Omega Ratio Rank: 67
IWRD.AS Calmar Ratio Rank: 70
IWRD.AS Martin Ratio Rank: 74

DJSC.AS

DJSC.AS Risk / Return Rank: 36
DJSC.AS Sharpe Ratio Rank: 37
DJSC.AS Sortino Ratio Rank: 37
DJSC.AS Omega Ratio Rank: 37
DJSC.AS Calmar Ratio Rank: 32
DJSC.AS Martin Ratio Rank: 38

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IWRD.AS vs. DJSC.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World UCITS ETF (IWRD.AS) and iShares EURO STOXX Small UCITS ETF (DJSC.AS). 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.

	IWRD.AS	DJSC.AS	Difference
Sharpe ratio: Return per unit of total volatility	2.11	1.29	+0.82
Sortino ratio: Return per unit of downside risk	2.97	1.88	+1.09
Omega ratio: Gain probability vs. loss probability	1.40	1.24	+0.16
Calmar ratio: Return relative to maximum drawdown	3.46	1.54	+1.92
Martin ratio: Return relative to average drawdown	13.65	5.94	+7.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWRD.AS vs. DJSC.AS - Sharpe Ratio Comparison

The current IWRD.AS Sharpe Ratio is 2.11, which is higher than the DJSC.AS Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of IWRD.AS and DJSC.AS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IWRD.AS	DJSC.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.11	1.29	+0.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	0.31	+0.56
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	0.52	+0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.37	+0.13

Drawdowns

IWRD.AS vs. DJSC.AS - Drawdown Comparison

The maximum IWRD.AS drawdown since its inception was -52.51%, smaller than the maximum DJSC.AS drawdown of -63.04%. Use the drawdown chart below to compare losses from any high point for IWRD.AS and DJSC.AS.

Drawdown Indicators

	IWRD.AS	DJSC.AS	Difference
Max Drawdown Largest peak-to-trough decline	-52.51%	-63.04%	+10.53%
Max Drawdown (1Y) Largest decline over 1 year	-6.69%	-11.56%	+4.87%
Max Drawdown (3Y) Largest decline over 3 years	-21.50%	-16.05%	-5.45%
Max Drawdown (5Y) Largest decline over 5 years	-21.50%	-28.17%	+6.67%
Max Drawdown (10Y) Largest decline over 10 years	-33.71%	-35.90%	+2.19%
Current Drawdown Current decline from peak	-0.32%	-1.37%	+1.05%
Average Drawdown Average peak-to-trough decline	-8.84%	-13.33%	+4.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.71%	3.01%	-1.30%

Volatility

IWRD.AS vs. DJSC.AS - Volatility Comparison

The current volatility for iShares MSCI World UCITS ETF (IWRD.AS) is 2.65%, while iShares EURO STOXX Small UCITS ETF (DJSC.AS) has a volatility of 3.86%. This indicates that IWRD.AS experiences smaller price fluctuations and is considered to be less risky than DJSC.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWRD.AS	DJSC.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.65%	3.86%	-1.21%
Volatility (6M) Calculated over the trailing 6-month period	7.72%	11.74%	-4.02%
Volatility (1Y) Calculated over the trailing 1-year period	10.98%	13.87%	-2.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.14%	16.21%	-2.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.16%	16.35%	-1.19%

IWRD.AS vs. DJSC.AS - Expense Ratio Comparison

IWRD.AS has a 0.50% expense ratio, which is higher than DJSC.AS's 0.40% expense ratio.

Dividends

IWRD.AS vs. DJSC.AS - Dividend Comparison

IWRD.AS's dividend yield for the trailing twelve months is around 0.85%, less than DJSC.AS's 2.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DJSC.AS iShares EURO STOXX Small UCITS ETF	2.40%	3.00%	2.66%	2.24%	2.22%	1.48%	1.20%	2.01%	2.48%	1.81%	2.10%	2.12%
IWRD.AS iShares MSCI World UCITS ETF	0.85%	0.95%	1.05%	1.32%	1.49%	1.01%	1.21%	1.62%	1.84%	1.67%	1.70%	1.80%

Frequently Asked Questions

Can I hold both IWRD.AS and DJSC.AS in my portfolio?

IWRD.AS and DJSC.AS have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IWRD.AS or DJSC.AS?

On fees, DJSC.AS is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IWRD.AS or DJSC.AS?

DJSC.AS is cheaper with a 0.40% expense ratio, compared with 0.50% for IWRD.AS.

What is the main difference between IWRD.AS and DJSC.AS?

IWRD.AS is categorized as Global Equities, while DJSC.AS is Europe Equities. IWRD.AS tracks MSCI ACWI NR USD, while DJSC.AS tracks MSCI EMU SMID NR EUR. Their fees differ too: 0.50% for IWRD.AS and 0.40% for DJSC.AS.