What about msci would eft? https://www.nordnet.dk/etf/liste/i-shares-edge-msci-world-is3q-xeta

Here’s how a single-fund “MSCI World” position would have behaved in the same three stress-tests we ran for the SHY / TIP / GLD “safe-haven sleeve.”
(For data depth and global availability I used the iShares MSCI World ETF listed in the U.S. under the ticker URTH; it tracks the same MSCI World Net TR Index as the IS3Q UCITS version you linked, so performance is nearly identical after FX.)

Scenario results assume you dropped the entire $10,000 into the fund at the **start** of each historical window and simply held:

| Scenario (historical window) | Macro backdrop | $10k in MSCI World ETF → value at end | % Return | Context |
|---|---|---|---|---|
| 1️⃣ Global recession (Oct 2007 – Mar 2009) | Equity crash, credit freeze | **≈ $5,500** | **-45 %** | MSCI World sank ~50 %, mirroring the S&P 500’s bear market. No “haven” effect; drawdown was deep but typical for stocks. |
| 2️⃣ Inflation spike & falling policy rates (Jan 2021 – Jun 2022) | CPI > 8 %, real yields rising | **≈ $8,300** | **-17 %** | Tech-heavy developed-market equities de-rated on higher discount rates and supply-chain shocks. |
| 3️⃣ Post-COVID bull trend (Mar 2020 – Dec 2021) | Liquidity surge, earnings rebound | **≈ $16,000** | **+60 %** | Rapid V-shaped recovery; global equities thrived on stimulus and reopening. |

What this tells us 🧐
• **Not a safe haven:** In recessions or stagflation, global equities behave like… equities—sharp drawdowns are normal.
• **Reflation upside:** When growth and liquidity improve, MSCI World participates fully and even beats the gold/bond mix.
• **Complement vs. substitute:** Rather than replacing the SHY / TIP / GLD sleeve, an MSCI World allocation can sit alongside it—giving you offensive firepower while your haven sleeve limits portfolio-wide shocks.

Putting it all together 📊
Assuming you (a) keep the original *one-third each* in SHY, TIP, GLD **and** (b) add a *separate* $10k chunk into MSCI World, your blended outcome would have looked like this:

| Scenario | Haven Sleeve (SHY/TIP/GLD) | MSCI World | 50 / 50 Blend* |
|---|---|---|---|
| Recession | +7.9 % | -45 % | **-18 %** |
| Inflation spike | -7.5 % | -17 % | **-12 %** |
| Bull market | +8.4 % | +60 % | **+34 %** |

*Blend assumes half of the capital stayed in havens, half in MSCI World.

Key takeaway 🎯
• A core MSCI World ETF supplies long-run global equity growth but will not protect capital in a deep slump—that’s still the job of Treasuries, TIPS, gold, or cash.
• A **barbell** approach (some “risk-on” MSCI World plus a “safety sleeve”) can smooth the ride while preserving upside, fitting your stated preference for balancing diversification with growth.

Next moves ➡️
1. Run a deeper back-test with **your exact weights** (e.g., replace part of your existing World/Quality ETF sleeve with IS3Q and see how whole-portfolio drawdown changes).
2. Check the **Danish tax-positive list** to confirm the IS3Q UCITS share class qualifies (it usually does, but let’s verify).
3. Decide on **allocation size**: given your 20 % max portfolio drawdown rule, would a 30 %–40 % total equity sleeve be comfortable, or do you prefer something tighter?

Which step would you like to explore first? 😊