iShares MSCI USA Swap UCITS ETF

iShares MSCI USA Swap UCITS ETF

About

iShares MSCI USA Swap UCITS ETF (IE000QZ7JON9) is a UCITS-compliant equity ETF tracking the MSCI Developed-US Net TR. With a TER of 0.05%, it ranks among the lowest-cost options in its category, reinvesting dividends. The fund holds 452 positions across 3 regions with 88M in assets, with heavy concentration — 98% in United States, 44% in Technology.

ISIN
Fund Size €88.4M
Issuer iShares
Distribution Re-Invests Dividends
Replication —
Inception Mar 2025
Base Currency EUR
Index MSCI Developed-US Net TR
Asset Class Equities
Category US Equity

Costs

9.3
This fund has low total costs, with competitive tracking and expense ratios.

Cost Metrics Explained

What TER, tracking difference, and TD consistency measure

TER (Total Expense Ratio) is the annual fee the fund charges, deducted from assets. It’s the headline cost, but not the full picture.

Tracking Difference measures how much the fund actually lags (or leads) its benchmark index per year. This is the single best measure of true cost — it captures TER plus all other drags like sampling error and tax withholding. A lower (or negative) value is better.

TD Consistency measures how stable the tracking difference is from year to year. A low value means predictable, reliable costs; a high value means costs can vary significantly.
TER0.00%

Cumulative Returns

Performance across different time periods.
1 Month+0.00%
3 Months+0.00%
Year to Date+0.00%
1 Year+0.00%
Inception+0.00%

Holdings

6.4
This fund holds 452 individual investments, offering moderate diversification compared to other ETFs.
#1
Apple Inc
0.05%
#2
Advanced Micro Devices Inc
0.04%
#3
Amazon.com Inc
0.04%
#4
Berkshire Hathaway Inc
0.03%
#5
Tesla Inc
0.03%
#6
Microsoft Corp
0.03%
#7
Micron Technology Inc
0.03%
#8
Intel Corp
0.02%
#9
NVIDIA Corp
0.02%
#10
Alphabet Inc
0.02%

Sectors

7.8
This fund is well-diversified across 12 sectors, with no single sector dominating.

Regions

5.1
This fund invests across 4 countries, though its geographic allocation deviates somewhat from the global market.

Nerd Stuff

Advanced risk and return metrics (2025-03-25 — 2026-05-29).
12.6%
Volatility
-12.8%
Max Drawdown
0.85
Sharpe Ratio
1.26
Sortino Ratio
0.84
Calmar Ratio
0.13
Beta
20.80%
Alpha (Jensen's)
0.021
R²
Benchmark-relative metrics (Beta, Alpha, R²) are calculated against the iShares Core S&P 500 ETF (IE00B5BMR087).

Documents

Regulatory and fund documents.
Key Information DocumentFact Sheet

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