OriginaveMSCI World Enhanced Value Index
What the MSCI World Enhanced Value Index is, where it lives officially, and how its ride has looked over the years.
What does the MSCI World Enhanced Value Index track?
Companies from the developed world that look cheap next to their earnings and book value — the global version of the value factor, roughly 400 names picked and weighted by MSCI's enhanced-value recipe.
Same idea as US value investing, wider hunting ground: Japanese carmakers and European banks sit next to the American names. Cheap can stay cheap for years — patience required.
MSCI
Every figure here is in euros — what you'd actually pocket buying on Xetra. Fund fact sheets usually headline returns in US dollars, which can look very different: in 2025 a world tracker rose about 23% in dollars but only about 9% in euros, because the euro gained roughly 13% against the dollar. Here's the full story, year by year.
IS3S since 2014
The chart shows the dividend-adjusted share price of IS3S, the ETF tracking this index — not the raw index level. The shape of the ride is the same.
IS3S returns by year (EUR)
| Year | Total return |
|---|---|
| 2026 (so far) | +35.21% |
| 2025 | +25.13% |
| 2024 | +11.36% |
| 2023 | +15.62% |
| 2022 | -4.81% |
| 2021 | +30.38% |
| 2020 | -12.53% |
| 2019 | +22.01% |
| 2018 | -10.34% |
| 2017 | +7.66% |
| 2016 | +11.24% |
| 2015 | +8.31% |
| 2014 | -16.73% |
Calendar-year total returns of IS3S in EUR, dividends reinvested — the ETF tracking this index, not the raw index level.
Compare IS3S head to head
Yearly returns side by side against the other funds we track.