WSML vs. IS3N.DE
WSML (iShares MSCI World Small-Cap ETF) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - WSML is a Global Equities fund tracking the MSCI World Small Cap Index, while IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index (IMI). Both are passively managed. Over the past year, WSML returned 24.16% vs 30.15% for IS3N.DE. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
WSML vs. IS3N.DE - Performance Comparison
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Different Trading Currencies
WSML is traded in USD, while IS3N.DE is traded in EUR. To make them comparable, the IS3N.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, WSML achieves a 13.15% return, which is significantly lower than IS3N.DE's 16.10% return.
WSML
- 1D
- -0.58%
- 1M
- -2.15%
- 6M
- 6.46%
- YTD
- 13.15%
- 1Y
- 24.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 33.99%
IS3N.DE
- 1D
- 0.90%
- 1M
- -8.46%
- 6M
- 10.03%
- YTD
- 16.10%
- 1Y
- 30.15%
- 3Y*
- 18.95%
- 5Y*
- 7.03%
- 10Y*
- 8.98%
- ALL TIME*
- 6.34%
WSML vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WSML iShares MSCI World Small-Cap ETF | 13.15% | 29.10% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 16.10% | 28.13% |
Correlation
The correlation between WSML and IS3N.DE is 0.64, 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 | 0.64 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2025 | 0.57 |
The correlation between WSML and IS3N.DE has been stable across timeframes, ranging from 0.57 to 0.64 - a consistent structural relationship.
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Return for Risk
WSML vs. IS3N.DE — Risk / Return Rank
WSML
IS3N.DE
WSML vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Small-Cap ETF (WSML) and iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WSML | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.26 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 2.36 | -0.09 |
| Martin ratioReturn relative to average drawdown | 8.97 | 7.40 | +1.57 |
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Drawdowns
WSML vs. IS3N.DE - Drawdown Comparison
The maximum WSML drawdown since its inception was -10.70%, smaller than the maximum IS3N.DE drawdown of -39.05%. Use the drawdown chart below to compare losses from any high point for WSML and IS3N.DE.
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Drawdown Indicators
| WSML | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.70% | -39.05% | +28.35% |
Max Drawdown (1Y)Largest decline over 1 year | -10.70% | -12.72% | +2.02% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.38% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.66% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.05% | — |
Current DrawdownCurrent decline from peak | -3.17% | -9.71% | +6.54% |
Average DrawdownAverage peak-to-trough decline | -1.45% | -13.96% | +12.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 4.07% | -1.37% |
Volatility
WSML vs. IS3N.DE - Volatility Comparison
The current volatility for iShares MSCI World Small-Cap ETF (WSML) is 3.65%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 8.50%. This indicates that WSML experiences smaller price fluctuations and is considered to be less risky than IS3N.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WSML | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.65% | 8.50% | -4.85% |
Volatility (6M)Calculated over the trailing 6-month period | 12.27% | 18.83% | -6.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.54% | 20.97% | -5.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.62% | 18.69% | -1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.62% | 19.32% | -1.70% |
Dividends
WSML vs. IS3N.DE - Dividend Comparison
WSML's dividend yield for the trailing twelve months is around 2.85%, while IS3N.DE has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 0.00% | 0.00% |
WSML iShares MSCI World Small-Cap ETF | 2.85% | 2.53% |
Frequently Asked Questions
WSML and IS3N.DE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WSML is categorized as Global Equities, while IS3N.DE is Emerging Markets Equities. WSML tracks MSCI World Small Cap Index, while IS3N.DE tracks MSCI Emerging Markets Investable Market Index (IMI).
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