UETW.DE vs. IUSN.DE
UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) and IUSN.DE (iShares MSCI World Small Cap UCITS ETF) are both Global Equities funds - UETW.DE tracks the MSCI World while IUSN.DE tracks the MSCI World Small Cap. Both are passively managed. Over the past 5 years, UETW.DE returned 12.87%/yr vs 8.07%/yr for IUSN.DE. Their correlation of 0.87 suggests significant overlap in exposure. UETW.DE charges 0.10%/yr vs 0.35%/yr for IUSN.DE.
Performance
UETW.DE vs. IUSN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UETW.DE achieves a 10.95% return, which is significantly lower than IUSN.DE's 14.82% return.
UETW.DE
- 1D
- -0.01%
- 1M
- 3.72%
- YTD
- 10.95%
- 6M
- 10.99%
- 1Y
- 23.94%
- 3Y*
- 17.68%
- 5Y*
- 12.87%
- 10Y*
- —
IUSN.DE
- 1D
- 0.51%
- 1M
- 2.54%
- YTD
- 14.82%
- 6M
- 15.37%
- 1Y
- 29.99%
- 3Y*
- 14.95%
- 5Y*
- 8.07%
- 10Y*
- —
UETW.DE vs. IUSN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc | 10.95% | 8.06% | 26.50% | 19.68% | -13.72% | 32.17% | 5.50% | 12.54% |
IUSN.DE iShares MSCI World Small Cap UCITS ETF | 14.82% | 7.82% | 13.17% | 13.11% | -13.82% | 25.28% | 5.33% | 12.51% |
Correlation
The correlation between UETW.DE and IUSN.DE is 0.83, 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 | 0.83 |
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 Jun 12, 2019 | 0.87 |
The correlation between UETW.DE and IUSN.DE has been stable across timeframes, ranging from 0.81 to 0.87 - a consistent structural relationship.
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Return for Risk
UETW.DE vs. IUSN.DE — Risk / Return Rank
UETW.DE
IUSN.DE
UETW.DE vs. IUSN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) 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.
| UETW.DE | IUSN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.39 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.67 | 4.20 | -0.53 |
| Martin ratioReturn relative to average drawdown | 14.61 | 15.62 | -1.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UETW.DE | IUSN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 2.19 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.48 | +0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.53 | +0.31 |
Drawdowns
UETW.DE vs. IUSN.DE - Drawdown Comparison
The maximum UETW.DE drawdown since its inception was -33.72%, smaller than the maximum IUSN.DE drawdown of -40.23%. Use the drawdown chart below to compare losses from any high point for UETW.DE and IUSN.DE.
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Drawdown Indicators
| UETW.DE | IUSN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.72% | -40.23% | +6.51% |
Max Drawdown (1Y)Largest decline over 1 year | -6.47% | -7.12% | +0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -21.30% | -24.32% | +3.02% |
Max Drawdown (5Y)Largest decline over 5 years | -21.30% | -24.32% | +3.02% |
Current DrawdownCurrent decline from peak | -0.30% | 0.00% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -4.63% | -7.03% | +2.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.92% | -0.29% |
Volatility
UETW.DE vs. IUSN.DE - Volatility Comparison
The current volatility for UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) is 2.60%, while iShares MSCI World Small Cap UCITS ETF (IUSN.DE) has a volatility of 3.46%. This indicates that UETW.DE 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
| UETW.DE | IUSN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.60% | 3.46% | -0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 7.63% | 9.56% | -1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.97% | 13.64% | -2.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.03% | 16.53% | -2.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.11% | 18.31% | -2.20% |
UETW.DE vs. IUSN.DE - Expense Ratio Comparison
UETW.DE has a 0.10% expense ratio, which is lower than IUSN.DE's 0.35% expense ratio.
Dividends
UETW.DE vs. IUSN.DE - Dividend Comparison
Neither UETW.DE nor IUSN.DE has paid dividends to shareholders.
Frequently Asked Questions
UETW.DE and IUSN.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UETW.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UETW.DE is cheaper with a 0.10% expense ratio, compared with 0.35% for IUSN.DE.
UETW.DE tracks MSCI World, while IUSN.DE tracks MSCI World Small Cap. They also come from different issuers: UBS and iShares. Their fees differ too: 0.10% for UETW.DE and 0.35% for IUSN.DE.
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