WIND.AS vs. IUSQ.DE
WIND.AS (SPDR MSCI World Industrials UCITS ETF) and IUSQ.DE (iShares MSCI ACWI UCITS ETF (Acc)) are both exchange-traded funds - WIND.AS is a Industrials Equities fund tracking the MSCI World/Materials NR USD, while IUSQ.DE is a Global Equities fund tracking the MSCI All Country World (ACWI). Both are passively managed. Over the past 10 years, WIND.AS returned 12.19%/yr vs 12.48%/yr for IUSQ.DE. A 0.74 correlation means they provide meaningful diversification when combined. WIND.AS charges 0.30%/yr vs 0.20%/yr for IUSQ.DE.
Performance
WIND.AS vs. IUSQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WIND.AS achieves a 12.26% return, which is significantly lower than IUSQ.DE's 12.91% return. Both investments have delivered pretty close results over the past 10 years, with WIND.AS having a 12.19% annualized return and IUSQ.DE not far ahead at 12.48%.
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%
IUSQ.DE
- 1D
- -0.32%
- 1M
- 6.17%
- YTD
- 12.91%
- 6M
- 13.88%
- 1Y
- 26.97%
- 3Y*
- 18.14%
- 5Y*
- 12.47%
- 10Y*
- 12.48%
WIND.AS vs. IUSQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WIND.AS SPDR MSCI World Industrials UCITS ETF | 12.26% | 11.18% | 20.83% | 19.00% | -7.88% | 25.94% | 2.18% | 29.89% | -10.56% | 9.61% |
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc) | 12.91% | 9.02% | 24.53% | 18.57% | -13.58% | 29.13% | 4.94% | 30.14% | -5.97% | 9.14% |
Correlation
The correlation between WIND.AS and IUSQ.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2011 | 0.74 |
The correlation between WIND.AS and IUSQ.DE has been stable across timeframes, ranging from 0.74 to 0.84 - a consistent structural relationship.
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Return for Risk
WIND.AS vs. IUSQ.DE — Risk / Return Rank
WIND.AS
IUSQ.DE
WIND.AS vs. IUSQ.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 ACWI UCITS ETF (Acc) (IUSQ.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 | IUSQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.44 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 4.14 | -2.02 |
| Martin ratioReturn relative to average drawdown | 7.69 | 16.95 | -9.26 |
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
| WIND.AS | IUSQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 2.34 | -0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.88 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.82 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.76 | -0.11 |
Drawdowns
WIND.AS vs. IUSQ.DE - Drawdown Comparison
The maximum WIND.AS drawdown since its inception was -38.13%, which is greater than IUSQ.DE's maximum drawdown of -33.60%. Use the drawdown chart below to compare losses from any high point for WIND.AS and IUSQ.DE.
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Drawdown Indicators
| WIND.AS | IUSQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.13% | -33.60% | -4.53% |
Max Drawdown (1Y)Largest decline over 1 year | -9.31% | -6.48% | -2.83% |
Max Drawdown (3Y)Largest decline over 3 years | -18.94% | -21.25% | +2.31% |
Max Drawdown (5Y)Largest decline over 5 years | -18.94% | -21.25% | +2.31% |
Max Drawdown (10Y)Largest decline over 10 years | -38.13% | -33.60% | -4.53% |
Current DrawdownCurrent decline from peak | -0.92% | -0.32% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -5.28% | -4.19% | -1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 1.59% | +0.98% |
Volatility
WIND.AS vs. IUSQ.DE - Volatility Comparison
SPDR MSCI World Industrials UCITS ETF (WIND.AS) has a higher volatility of 4.69% compared to iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE) at 3.19%. This indicates that WIND.AS's price experiences larger fluctuations and is considered to be riskier than IUSQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WIND.AS | IUSQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 3.19% | +1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 11.66% | 8.25% | +3.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.34% | 11.52% | +2.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.18% | 13.94% | +1.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.73% | 15.03% | +3.70% |
WIND.AS vs. IUSQ.DE - Expense Ratio Comparison
WIND.AS has a 0.30% expense ratio, which is higher than IUSQ.DE's 0.20% expense ratio.
Dividends
WIND.AS vs. IUSQ.DE - Dividend Comparison
Neither WIND.AS nor IUSQ.DE has paid dividends to shareholders.
Frequently Asked Questions
WIND.AS and IUSQ.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSQ.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSQ.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for WIND.AS.
WIND.AS is categorized as Industrials Equities, while IUSQ.DE is Global Equities. WIND.AS tracks MSCI World/Materials NR USD, while IUSQ.DE tracks MSCI All Country World (ACWI). They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for WIND.AS and 0.20% for IUSQ.DE.
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