VWCE.DE vs. IUSN.DE
VWCE.DE (Vanguard FTSE All-World UCITS ETF) and IUSN.DE (iShares MSCI World Small Cap UCITS ETF) are both Global Equities funds - VWCE.DE tracks the FTSE All-World Index while IUSN.DE tracks the MSCI World Small Cap. Both are passively managed. Over the past 5 years, VWCE.DE returned 12.28%/yr vs 8.07%/yr for IUSN.DE. Their correlation of 0.87 suggests significant overlap in exposure. VWCE.DE charges 0.19%/yr vs 0.35%/yr for IUSN.DE.
Performance
VWCE.DE vs. IUSN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VWCE.DE achieves a 12.64% return, which is significantly lower than IUSN.DE's 14.82% return.
VWCE.DE
- 1D
- -0.21%
- 1M
- 3.63%
- YTD
- 12.64%
- 6M
- 12.84%
- 1Y
- 26.31%
- 3Y*
- 17.85%
- 5Y*
- 12.28%
- 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*
- —
VWCE.DE vs. IUSN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VWCE.DE Vanguard FTSE All-World UCITS ETF | 12.64% | 9.16% | 24.41% | 18.18% | -13.47% | 28.62% | 5.36% | 8.01% |
IUSN.DE iShares MSCI World Small Cap UCITS ETF | 14.82% | 7.82% | 13.17% | 13.11% | -13.82% | 25.28% | 5.33% | 7.31% |
Correlation
The correlation between VWCE.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 | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2019 | 0.87 |
The correlation between VWCE.DE and IUSN.DE has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.
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Return for Risk
VWCE.DE vs. IUSN.DE — Risk / Return Rank
VWCE.DE
IUSN.DE
VWCE.DE vs. IUSN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF (VWCE.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.
| VWCE.DE | IUSN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.39 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.01 | 4.20 | -0.19 |
| Martin ratioReturn relative to average drawdown | 16.55 | 15.62 | +0.93 |
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
| VWCE.DE | IUSN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.31 | 2.19 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.48 | +0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.53 | +0.26 |
Drawdowns
VWCE.DE vs. IUSN.DE - Drawdown Comparison
The maximum VWCE.DE drawdown since its inception was -33.43%, smaller than the maximum IUSN.DE drawdown of -40.23%. Use the drawdown chart below to compare losses from any high point for VWCE.DE and IUSN.DE.
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Drawdown Indicators
| VWCE.DE | IUSN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.43% | -40.23% | +6.80% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -7.12% | +0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -21.07% | -24.32% | +3.25% |
Max Drawdown (5Y)Largest decline over 5 years | -21.07% | -24.32% | +3.25% |
Current DrawdownCurrent decline from peak | -0.66% | 0.00% | -0.66% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -7.03% | +2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 1.92% | -0.33% |
Volatility
VWCE.DE vs. IUSN.DE - Volatility Comparison
The current volatility for Vanguard FTSE All-World UCITS ETF (VWCE.DE) is 3.06%, while iShares MSCI World Small Cap UCITS ETF (IUSN.DE) has a volatility of 3.46%. This indicates that VWCE.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
| VWCE.DE | IUSN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 3.46% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 8.18% | 9.56% | -1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.37% | 13.64% | -2.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.75% | 16.53% | -2.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.16% | 18.31% | -2.15% |
VWCE.DE vs. IUSN.DE - Expense Ratio Comparison
VWCE.DE has a 0.19% expense ratio, which is lower than IUSN.DE's 0.35% expense ratio.
Dividends
VWCE.DE vs. IUSN.DE - Dividend Comparison
Neither VWCE.DE nor IUSN.DE has paid dividends to shareholders.
Frequently Asked Questions
VWCE.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, VWCE.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWCE.DE is cheaper with a 0.19% expense ratio, compared with 0.35% for IUSN.DE.
VWCE.DE tracks FTSE All-World Index, while IUSN.DE tracks MSCI World Small Cap. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.19% for VWCE.DE and 0.35% for IUSN.DE.
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