iShares MSCI World ex-USA UCITS ETF

iShares MSCI World ex-USA UCITS ETF

About

iShares MSCI World ex-USA UCITS ETF (IE000R4ZNTN3) is a UCITS-compliant equity ETF tracking the MSCI World Ex US Net Index. With a TER of 0.15%, it is competitively priced, reinvesting dividends. The fund holds 784 positions across 24 regions with 2.9B in assets.

ISIN
Fund Size €2.9B
Issuer iShares
Distribution Re-Invests Dividends
Replication Physical
Inception Jan 2025
Base Currency USD
Index MSCI World Ex US Net Index
Asset Class Equities
Category US Equity

Costs

9.1
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%
Tracking Difference0.00%

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

7.3
This fund holds 784 individual investments, offering moderate diversification compared to other ETFs.
#1
MSCI EAFE INDEX JUN 26
0.92%
#2
MINI S&P/TSE 60 INDEX JUN 26
0.22%
#3
ASML Holding NV
0.03%
#4
HSBC Holdings PLC
0.01%
#5
Roche Holding AG
0.01%
#6
AstraZeneca PLC
0.01%
#7
Novartis AG
0.01%
#8
Royal Bank of Canada
0.01%
#9
Nestle SA
0.01%
#10
Shell PLC
0.01%

Sectors

9.9
This fund is well-diversified across 12 sectors, with no single sector dominating.

Regions

5.4
This fund invests across 25 countries, though its geographic allocation deviates somewhat from the global market.

Nerd Stuff

Advanced risk and return metrics (2025-01-26 — 2026-05-29).
11.2%
Volatility
-13.5%
Max Drawdown
1.04
Sharpe Ratio
1.53
Sortino Ratio
0.86
Calmar Ratio
0.23
Beta
13.82%
Alpha (Jensen's)
0.069
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

Broker Availability

Where you can buy this ETF.
flatex
Trade
€5.90
Savings Plan
Free
Account
Free
Trade Republic
Trade
€1.00
Savings Plan
Free
Account
Free
Trading 212
Trade
Free
Savings Plan
Free
Account
Free

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