IUSN: iShares MSCI World Small Cap UCITS ETF returns, drawdowns and risk
Global equity funds: developed markets only (MSCI World) or developed plus emerging (FTSE All-World, MSCI ACWI). Also listed as WSML in London.
Data updated October 2026
IUSN · Xetra · EURCategory: World and all-world ETFsData from April 2018
From April 2018 to October 2026 IUSN returned 9.4% a year on average with dividends reinvested, in euros: €10,000 invested at the start grew to €21,381.
Its deepest fall was 40.2%, from February 2020 to March 2020, and it took about 10 months to get back to the previous high. Annual volatility was 18.3%; at the last close it was 3.1% below its high.
Against VWCE (Vanguard FTSE All-World UCITS ETF (Acc)), over the 87 months both have data, the correlation of monthly returns was 0.91: they moved almost in lockstep. Beta was 1.20. In months when VWCE rose, IUSN moved 105% as much on average; in months when VWCE fell, 129% as much.
Key figures
- Annual return (CAGR)
- +9.4%
- 1-year return
- +18.9%
- 5 years, a year
- +7.0%
- 10 years, a year
- —
- Annual volatility
- 18.3%
- Maximum drawdown
- −40.2%
- Sharpe ratio
- 0.53
- Worst year
- 2022: −13.8%
Trailing returns
| Period | IUSN | VWCE |
|---|---|---|
| 1 year | +18.9% | +22.0% |
| 3 years, a year | +17.5% | +19.5% |
| 5 years, a year | +7.0% | +11.5% |
To the last close of October 2026. Periods longer than a year are annualised.
Growth of €10,000: IUSN vs VWCE
Month-end values from August 2019, the first month both funds have data.
IUSN drawdowns
Percentage below the previous high, weekly.
Returns by calendar year
| Year | IUSN | VWCE |
|---|---|---|
| 2026(partial) | +16.2% | +17.5% |
| 2025 | +7.8% | +9.2% |
| 2024 | +13.2% | +24.4% |
| 2023 | +13.1% | +18.2% |
| 2022 | −13.8% | −13.5% |
| 2021 | +25.3% | +28.6% |
| 2020 | +5.3% | +5.4% |
| 2019 | +29.0% | +7.6% |
| 2018(partial) | −9.1% | — |
How the figures are calculated
Total return in the fund’s trading currency, from end-of-day prices with dividends reinvested on the ex-date. The fund’s own ongoing charges are already reflected in its price; trading costs, taxes and currency conversion are not included. Past returns do not predict future returns.
Sharpe ratio uses the return of short-term government bills in the same currency as the risk-free rate. The growth chart uses month-end values; drawdowns and volatility use daily closes.
Questions
What is the average annual return of IUSN?
From April 2018 to October 2026 IUSN returned 9.4% a year on average (CAGR) with dividends reinvested, in EUR. Over the last 5 years: +7.0% a year. Over the last 12 months: +18.9%.
What was the worst drawdown of IUSN?
40.2%, from February 2020 to March 2020; it took about 10 months from the previous high to get back to it.
How volatile is IUSN?
Annual volatility was 18.3% over the period. Its worst month was −18.6% and 64% of months were positive. Worst calendar year: 2022 (−13.8%).
How closely does IUSN follow VWCE?
Over 87 months the correlation of monthly returns was 0.91, so they moved almost in lockstep, with a beta of 1.20.
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Other World and all-world ETFs
- All World and all-world ETFsReturns and risk side by side
- VWCE — Vanguard FTSE All-World UCITS ETF (Acc)CAGR +12.7%
- SWDA — iShares Core MSCI World UCITS ETF (Acc)CAGR +12.4%
- VT — Vanguard Total World Stock ETFCAGR +14.6%
- ACWI — iShares MSCI ACWI ETFCAGR +8.5%
- VWRL — Vanguard FTSE All-World UCITS ETF (Dist)CAGR +11.7%
- XDWD — Xtrackers MSCI World UCITS ETF 1CCAGR +12.6%
Source: MarketStack end-of-day prices, total return with dividends reinvested. Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.