WIND.AS vs. IUSN.DE
WIND.AS (SPDR MSCI World Industrials UCITS ETF) and IUSN.DE (iShares MSCI World Small Cap UCITS ETF) are both exchange-traded funds - WIND.AS is a Industrials Equities fund tracking the MSCI World/Materials NR USD, while IUSN.DE is a Global Equities fund tracking the MSCI World Small Cap. Both are passively managed. Over the past 5 years, WIND.AS returned 12.43%/yr vs 7.96%/yr for IUSN.DE. Their correlation of 0.84 suggests significant overlap in exposure. WIND.AS charges 0.30%/yr vs 0.35%/yr for IUSN.DE.
Performance
WIND.AS vs. IUSN.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WIND.AS achieves a 12.26% return, which is significantly lower than IUSN.DE's 14.24% return.
WIND.AS
- 1D
- 0.50%
- 1M
- 2.23%
- YTD
- 12.26%
- 6M
- 14.77%
- 1Y
- 20.04%
- 3Y*
- 18.24%
- 5Y*
- 12.43%
- 10Y*
- 12.19%
IUSN.DE
- 1D
- -0.33%
- 1M
- 4.36%
- YTD
- 14.24%
- 6M
- 16.02%
- 1Y
- 29.47%
- 3Y*
- 14.67%
- 5Y*
- 7.96%
- 10Y*
- —
WIND.AS vs. IUSN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
WIND.AS SPDR MSCI World Industrials UCITS ETF | 12.26% | 11.18% | 20.83% | 19.00% | -7.88% | 25.94% | 2.18% | 29.89% | -7.37% |
IUSN.DE iShares MSCI World Small Cap UCITS ETF | 14.24% | 7.82% | 13.17% | 13.11% | -13.82% | 25.28% | 5.33% | 29.05% | -8.27% |
Correlation
The correlation between WIND.AS and IUSN.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2018 | 0.84 |
The correlation between WIND.AS and IUSN.DE has been stable across timeframes, ranging from 0.80 to 0.84 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WIND.AS vs. IUSN.DE — Risk / Return Rank
WIND.AS
IUSN.DE
WIND.AS vs. IUSN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World Industrials UCITS ETF (WIND.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.
| WIND.AS | IUSN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.39 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 4.12 | -2.00 |
| Martin ratioReturn relative to average drawdown | 7.69 | 15.32 | -7.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| WIND.AS | IUSN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 2.15 | -0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.48 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.53 | +0.13 |
Drawdowns
WIND.AS vs. IUSN.DE - Drawdown Comparison
The maximum WIND.AS drawdown since its inception was -38.13%, smaller than the maximum IUSN.DE drawdown of -40.23%. Use the drawdown chart below to compare losses from any high point for WIND.AS and IUSN.DE.
Loading charts...
Drawdown Indicators
| WIND.AS | IUSN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.13% | -40.23% | +2.10% |
Max Drawdown (1Y)Largest decline over 1 year | -9.31% | -7.12% | -2.19% |
Max Drawdown (3Y)Largest decline over 3 years | -18.94% | -24.32% | +5.38% |
Max Drawdown (5Y)Largest decline over 5 years | -18.94% | -24.32% | +5.38% |
Max Drawdown (10Y)Largest decline over 10 years | -38.13% | — | — |
Current DrawdownCurrent decline from peak | -0.92% | -0.33% | -0.59% |
Average DrawdownAverage peak-to-trough decline | -5.28% | -7.03% | +1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 1.92% | +0.65% |
Volatility
WIND.AS vs. IUSN.DE - Volatility Comparison
SPDR MSCI World Industrials UCITS ETF (WIND.AS) has a higher volatility of 4.69% compared to iShares MSCI World Small Cap UCITS ETF (IUSN.DE) at 3.67%. This indicates that WIND.AS's price experiences larger fluctuations and is considered to be riskier than IUSN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| WIND.AS | IUSN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 3.67% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 11.66% | 9.57% | +2.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.34% | 13.69% | +0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.18% | 16.52% | -1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.73% | 18.32% | +0.41% |
WIND.AS vs. IUSN.DE - Expense Ratio Comparison
WIND.AS has a 0.30% expense ratio, which is lower than IUSN.DE's 0.35% expense ratio.
Dividends
WIND.AS vs. IUSN.DE - Dividend Comparison
Neither WIND.AS nor IUSN.DE has paid dividends to shareholders.
Frequently Asked Questions
WIND.AS and IUSN.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WIND.AS is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WIND.AS is cheaper with a 0.30% expense ratio, compared with 0.35% for IUSN.DE.
WIND.AS is categorized as Industrials Equities, while IUSN.DE is Global Equities. WIND.AS tracks MSCI World/Materials NR USD, while IUSN.DE tracks MSCI World Small Cap. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for WIND.AS and 0.35% for IUSN.DE.
Find the right allocation for WIND.AS and IUSN.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer