iShares MSCI World Small Cap (IUSN.DE): Historical Returns

Data Source: from July 1998 to June 2024 (~26 years)
Consolidated Returns as of 30 June 2024
Category: Stocks
iShares MSCI World Small Cap (IUSN.DE) ETF
Currency: EUR

In the last 20 Years, the iShares MSCI World Small Cap (IUSN.DE) ETF obtained a 8.49% compound annual return, with a 15.27% standard deviation. It suffered a maximum drawdown of -52.38% that required 58 months to be recovered.

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The ETF is related to the following investment themes:

  • Asset Class: Equity
  • Size: Small Cap
  • Style: Blend
  • Region: Developed Markets
  • Country: Broad Developed Markets

The iShares MSCI World Small Cap (IUSN.DE) ETF is part of the following Lazy Portfolios:

Portfolio Name Author IUSN.DE Weight Currency
Larry Portfolio To EUR Larry Swedroe 7.50% EUR
Larry Portfolio To EUR Bond Hedged Larry Swedroe 7.50% EUR
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Investment Returns as of Jun 30, 2024

The iShares MSCI World Small Cap (IUSN.DE) ETF guaranteed the following returns.

Returns are calculated in EUR, assuming:
  • no fees or capital gain taxes.
  • the actual Euro Inflation rates.
ISHARES MSCI WORLD SMALL CAP (IUSN.DE) ETF
Consolidated returns as of 30 June 2024
Swipe left to see all data
  Chg (%) Return (%) Return (%) as of Jun 30, 2024
  1 Day Time ET(*) Jul 2024 1M 6M 1Y 5Y 10Y 20Y MAX
(~26Y)
iShares MSCI World Small Cap (IUSN.DE) ETF n.a. n.a. 0.06 3.99 10.91 8.18 8.56 8.49 7.48
Euro Inflation Adjusted return 0.06 2.12 8.41 4.33 6.10 6.26 5.28
Returns over 1 year are annualized | Available data source: since Jul 1998
(*) Eastern Time (ET - America/New York)
Euro Inflation is updated to May 2024. Pending updates, the monthly inflation is set at 0% for the subsequent periods. Current inflation (annualized) is 1Y: 2.31% , 5Y: 3.69% , 10Y: 2.33% , 20Y: 2.10%
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Capital Growth as of Jun 30, 2024

An investment of 1€, since July 2004, now would be worth 5.11€, with a total return of 410.58% (8.49% annualized).

The Inflation Adjusted Capital now would be 3.37€, with a net total return of 236.74% (6.26% annualized).

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An investment of 1€, since July 1998, now would be worth 6.52€, with a total return of 551.66% (7.48% annualized).

The Inflation Adjusted Capital now would be 3.81€, with a net total return of 281.29% (5.28% annualized).

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Investment Metrics as of Jun 30, 2024

Metrics of iShares MSCI World Small Cap (IUSN.DE) ETF, updated as of 30 June 2024, provide a comprehensive overview of the portfolio's performance and risk characteristics.

These metrics include detailed data on returns, volatility, drawdowns and other key performance indicators. By examining them, you can gain insights into how the portfolio has performed over various time periods and understand its risk profile.

Metrics are calculated based on monthly returns, assuming:
  • no fees or capital gain taxes.
  • the actual Euro Inflation rates.
ISHARES MSCI WORLD SMALL CAP (IUSN.DE) ETF
Advanced Metrics
Data Source: 1 July 1998 - 30 June 2024 (~26 years)
Swipe left to see all data
Metrics as of Jun 30, 2024
1M 3M 6M 1Y 3Y 5Y 10Y 20Y MAX
(~26Y)
Investment Return (%) 0.06 -2.13 3.99 10.91 2.22 8.18 8.56 8.49 7.48
Infl. Adjusted Return (%)
0.06 -2.90 2.12 8.41 -3.07 4.33 6.10 6.26 5.28
Euro Inflation (%) 0.00 0.80 1.83 2.31 5.46 3.69 2.33 2.10 2.08
Pending updates, the monthly inflation of Jun 2024 and beyond is set at 0%. Returns / Inflation rates over 1 year are annualized.
DRAWDOWN
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y MAX
Deepest Drawdown Depth (%) -10.41 -15.87 -28.11 -28.11 -52.38 -52.38
Start to Recovery (# months)
5 27 11 11 58 58
Start (yyyy mm) 2023 08 2022 01 2020 01 2020 01 2007 06 2007 06
Start to Bottom (# months) 3 6 3 3 21 21
Bottom (yyyy mm) 2023 10 2022 06 2020 03 2020 03 2009 02 2009 02
Bottom to End (# months) 2 21 8 8 37 37
End (yyyy mm) 2023 12 2024 03 2020 11 2020 11 2012 03 2012 03
Longest Drawdown Depth (%)
same

same
-15.87 -15.87
same
-42.11
Start to Recovery (# months)
27 27 59
Start (yyyy mm) 2023 08 2022 01 2022 01 2022 01 2007 06 2000 09
Start to Bottom (# months) 3 6 6 6 21 31
Bottom (yyyy mm) 2023 10 2022 06 2022 06 2022 06 2009 02 2003 03
Bottom to End (# months) 2 21 21 21 37 28
End (yyyy mm) 2023 12 2024 03 2024 03 2024 03 2012 03 2005 07
Longest negative period (# months)
5 29 32 61 69 128
Period Start (yyyy mm) 2023 07 2021 07 2021 03 2015 03 2006 01 1998 07
Period End (yyyy mm) 2023 11 2023 11 2023 10 2020 03 2011 09 2009 02
Annualized Return (%) -4.56 -2.34 -0.89 -0.11 -0.16 -0.05
Deepest Drawdown Depth (%) -11.26 -25.11 -27.91 -27.91 -53.71 -53.71
Start to Recovery (# months)
5 32* 11 11 69 69
Start (yyyy mm) 2023 08 2021 11 2020 01 2020 01 2007 06 2007 06
Start to Bottom (# months) 3 24 3 3 21 21
Bottom (yyyy mm) 2023 10 2023 10 2020 03 2020 03 2009 02 2009 02
Bottom to End (# months) 2 8 8 8 48 48
End (yyyy mm) 2023 12 - 2020 11 2020 11 2013 02 2013 02
Longest Drawdown Depth (%)
same

same
-25.11 -25.11
same

same
Start to Recovery (# months)
32* 32*
Start (yyyy mm) 2023 08 2021 11 2021 11 2021 11 2007 06 2007 06
Start to Bottom (# months) 3 24 24 24 21 21
Bottom (yyyy mm) 2023 10 2023 10 2023 10 2023 10 2009 02 2009 02
Bottom to End (# months) 2 8 8 8 48 48
End (yyyy mm) 2023 12 - - - 2013 02 2013 02
Longest negative period (# months)
5 36* 47 62 79 138
Period Start (yyyy mm) 2023 07 2021 07 2019 12 2015 02 2006 04 2000 04
Period End (yyyy mm) 2023 11 2024 06 2023 10 2020 03 2012 10 2011 09
Annualized Return (%) -5.27 -3.07 -0.98 -0.21 -0.07 -0.18
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
1Y 3Y 5Y 10Y 20Y MAX
Standard Deviation (%) 14.25 15.23 18.04 15.74 15.27 16.31
Sharpe Ratio 0.39 -0.05 0.34 0.46 0.46 0.21
Sortino Ratio 0.57 -0.07 0.45 0.61 0.62 0.28
Ulcer Index 3.77 7.80 8.62 7.21 13.09 15.03
Ratio: Return / Standard Deviation 0.77 0.15 0.45 0.54 0.56 0.46
Ratio: Return / Deepest Drawdown 1.05 0.14 0.29 0.30 0.16 0.14
Positive Months (%)
58.33 50.00 60.00 61.66 61.25 59.61
Positive Months 7 18 36 74 147 186
Negative Months 5 18 24 46 93 126
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y MAX
Best 10 Years Return (%) - Annualized 8.56 15.94 15.94
Worst 10 Years Return (%) - Annualized 5.76 0.61
Best 10 Years Return (%) - Annualized 6.10 14.51 14.51
Worst 10 Years Return (%) - Annualized 4.26 -1.48
TIMEFRAMES
Inflation Adjusted:
Inflation Adjusted:
1M 3M 6M 1Y 3Y 5Y 10Y 20Y MAX
··· Over the latest 20Y
Best Rolling Return (%) - Annualized 68.90 28.01 22.34 15.94 8.49
Worst Rolling Return (%) - Annualized -40.81 -18.43 -0.89 5.76
Positive Periods (%) 73.3 85.8 97.2 100.0 100.0
Best Rolling Return (%) - Annualized 66.27 25.50 20.28 14.51 6.26
Worst Rolling Return (%) - Annualized -41.74 -20.10 -2.56 4.26
Positive Periods (%) 68.5 80.9 88.9 100.0 100.0
95% VaR - Value at Risk (%) - Cumulative
6.47 10.22 13.08 24.56 27.69 0.00 0.00
95% CVaR - Conditional Value at Risk (%) 8.30 13.39 17.57 33.61 46.38 1.44 0.00
99% VaR - Value at Risk (%) - Cumulative
9.48 15.42 20.44 39.73 63.98 2.76 0.00
99% CVaR - Conditional Value at Risk (%) 11.39 18.74 25.13 40.81 66.12 4.53 0.00
Short term VaRs: analytical | 1+ year VaRs: historical data
Safe Withdrawal Rate (%) 73.91 22.92 14.91 9.30 8.44
Perpetual Withdrawal Rate (%) --- --- --- 3.33 5.93
% based on initial capital, inflation-adj. monthly withdrawals afterwards | Credits: BestRetirementPortfolio.com
··· All available data (Jul 1998 - Jun 2024)
Best Rolling Return (%) - Annualized 68.90 28.97 22.34 15.94 10.09
Worst Rolling Return (%) - Annualized -40.81 -18.43 -4.17 0.61 4.76
Positive Periods (%) 71.7 79.4 94.4 100.0 100.0
Best Rolling Return (%) - Annualized 66.27 26.42 20.28 14.51 7.87
Worst Rolling Return (%) - Annualized -41.74 -20.10 -6.17 -1.48 3.06
Positive Periods (%) 67.1 73.6 84.5 93.7 100.0
95% VaR - Value at Risk (%) - Cumulative
7.03 11.27 14.68 25.69 32.83 0.40 0.00
95% CVaR - Conditional Value at Risk (%) 8.98 14.65 19.47 33.63 45.83 6.78 0.00
99% VaR - Value at Risk (%) - Cumulative
10.24 16.83 22.54 39.62 53.77 9.74 0.00
99% CVaR - Conditional Value at Risk (%) 12.28 20.36 27.54 40.27 65.05 21.85 0.00
Short term VaRs: analytical | 1+ year VaRs: historical data
Safe Withdrawal Rate (%) 73.91 22.92 14.91 8.23 5.33
Perpetual Withdrawal Rate (%) --- --- --- --- 2.56
% based on initial capital, inflation-adj. monthly withdrawals afterwards | Credits: BestRetirementPortfolio.com
Terms and Definitions
  • Annualized Portfolio Return: it's the annualized geometric mean return of the portfolio.
  • Deepest/Longest Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. The deepest (or maximum) drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. The longest drawdown is the period observed from a peak to the subsequent peak with the greatest duration.
  • Longest negative period: it's the maximum period for which an overall negative return has been observed.
  • Standard Deviation: it's a measure of the dispersion of returns around the mean.
  • Sharpe Ratio: it's a measure of risk-adjusted performance of the portfolio. It's calculated by dividing the excess return of the portfolio over the risk-free rate by the portfolio standard deviation. The risk-free rate here considered is the 1-3 Mth T-Bill return.
  • Sortino Ratio: another measure of risk-adjusted performance of the portfolio. It's a modification of the Sharpe Ratio (same formula but the denominator is the portfolio downside standard deviation).
  • Ulcer Index: it's a measure of downside risk that quantifies the depth and duration of drawdowns in an investment portfolio.
  • Best/Worst 10Y returns: the best and the worst 10-year return over a time frame.
  • Rolling Returns: N-year returns over a time frame, calculated over all the available data source (best, worst, % of positive returns). Each rolling period, longer than the longest negative period, yielded a non-negative minimum return.
  • Value at Risk (VaR): it's an evaluation of a cumulative worst-case loss (in absolute value), associated with a probability (95%-99%) and a time horizon. For short term, it's calculated based on the expected return and standard deviation, assuming a normal distribution of monthly returns. For long term is retrieved by the historical rolling return data.
  • Conditional Value at Risk (CVaR): it represents the average expected loss if that worst-case threshold (95%-99%) is ever crossed.
  • Safe Withdrawal Rate (SWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, without the portfolio running out of money in any case (money amount withdrawal).
    For instance: Your initial invested capital is 100.000$; withdrawal rate (annualized) is 4%. This means that, in the first month, you will withdraw 100.000 * 4% * 1/12 = 333.33$. The second month, you’ll withdraw 333.33$ plus the inflation monthly rate. You’ll continue adjusting your withdraw monthly for inflation.
  • Perpetual Withdrawal Rate (PWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, preserving the original invested capital, adjusted for inflation too.
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Correlations as of Jun 30, 2024

Correlation measures to what degree the returns of two assets move in relation to each other. It is a statistical measure that describes the extent to which the returns of one asset are related to the returns of another asset.

The following table shows the monthly correlations of iShares MSCI World Small Cap (IUSN.DE) ETF vs the main Asset Classes, over different timeframes. Columns are sortable (click on table header to sort).

ISHARES MSCI WORLD SMALL CAP (IUSN.DE) ETF
Monthly correlations as of 30 June 2024
Swipe left to see all data
Correlation vs IUSN.DE
Asset Class 1 Year 5 Years 10 Years Since
Jul 1998
SXR8.DE
US Large Cap Blend
0.69
0.86
0.88
0.88
ZPRR.DE
US Small Cap Blend
0.99
0.97
0.95
0.92
IQQ7.DE
US REITs
0.93
0.85
0.76
0.68
NQSE.DE
US Technology
0.76
0.69
0.70
0.71
EUNL.DE
Developed Countries
0.80
0.91
0.92
0.94
SXRT.DE
Euro Large Cap Blend
0.77
0.79
0.76
0.81
IUSQ.DE
World All Countries
0.81
0.92
0.93
0.94
IS3N.DE
Emerging Markets
0.65
0.71
0.70
0.81
CEBW.DE
US Total Bond Market EUR Hdg
0.80
0.35
0.24
-0.01
IUSV.DE
US Long Term Treasuries EUR Hdg
0.81
0.01
-0.04
-0.23
PR1H.DE
US Ultrashort Gov.Bonds EUR Hdg
0.39
-0.03
-0.02
-0.13
UEEF.DE
US High Yield Bonds EUR Hdg
0.89
0.78
0.73
0.59
EUNU.DE
Global Aggregate Bond EUR Hdg
0.70
0.31
0.29
0.14
SPF1.DE
Global Convertible Bonds EUR Hdg
0.95
0.82
0.81
0.78
IS3C.DE
Emerg. Market Bonds EUR Hdg
0.89
0.66
0.54
0.47
SYBA.DE
Euro Total Bond Market
0.70
0.44
0.35
0.06
IBCL.DE
Euro Long Term Gov. Bonds
0.72
0.36
0.28
0.07
EUN6.DE
Euro Ultrashort Gov. Bonds
0.10
0.11
0.08
0.27
XHYG.DE
Euro High Yield Bonds
0.77
0.81
0.75
0.70
IBCI.DE
Euro Inflation Linked Bonds
0.71
0.62
0.52
0.24
PHAU
Gold
-0.27
-0.19
-0.09
0.01
UIQK.DE
Commodities
-0.29
0.47
0.43
0.36
Terms and Definitions
Correlation values range between -1 and +1
  • A correlation of +1 indicates that the returns of the two assets move in perfect synchrony; when one asset's returns go up, the other asset's returns also go up by the same percentage, and vice versa. This perfect positive correlation implies that the assets perform similarly in different market conditions.
  • A correlation of -1 indicates a perfect inverse relationship between the returns of the two assets. When one asset's returns go up, the other asset's returns go down by the same percentage. This perfect negative correlation suggests that the assets move in opposite directions, providing a diversification benefit by reducing overall portfolio risk.
  • A correlation of 0 means that there is no linear relationship between the returns of the two assets. The returns of one asset do not predict the returns of the other.
Learn about historical correlations here: see how the main asset classes relate to each other.

Drawdowns

A drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.

ISHARES MSCI WORLD SMALL CAP (IUSN.DE) ETF
Drawdown periods
Drawdown periods - Inflation Adjusted
Data Source: 1 July 2004 - 30 June 2024 (20 Years)
Data Source: 1 July 1998 - 30 June 2024 (~26 years)
Inflation Adjusted:

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Rolling Returns

( more details)

A rolling return is a measure of investment performance that calculates the return of an investment over a set period of time, with the starting date rolling forward. This approach can provide a more accurate representation of the investment's historical performance and helps investors to evaluate the investment's consistency over time.

ISHARES MSCI WORLD SMALL CAP (IUSN.DE) ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 July 2004 - 30 June 2024 (20 Years)
Data Source: 1 July 1998 - 30 June 2024 (~26 years)
Inflation Adjusted:

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If you need a deeper detail about rolling returns, please refer to the iShares MSCI World Small Cap (IUSN.DE) ETF: Rolling Returns page.

Seasonality

In which months is it better to invest in iShares MSCI World Small Cap (IUSN.DE) ETF?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.

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For further information about the seasonality, check the Asset Class Seasonality page.

Monthly Returns

This section provides a visual/tabular representation of the performance variability in the iShares MSCI World Small Cap (IUSN.DE) ETF over time. It illustrates the distribution of monthly returns, showcasing the range and frequency of positive and negative returns.

ISHARES MSCI WORLD SMALL CAP (IUSN.DE) ETF
Monthly Returns Distribution
Data Source: 1 July 2004 - 30 June 2024 (20 Years)
Data Source: 1 July 1998 - 30 June 2024 (~26 years)
147 Positive Months (61%) - 93 Negative Months (39%)
186 Positive Months (60%) - 126 Negative Months (40%)

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Investment Returns, up to April 2018, have been derived using the historical series of equivalent ETFs / Assets.
You can find additional information on extended Data Sources here.

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Build wealth
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