AVGI.L vs. IWMO.L
AVGI.L (IncomeShares Broadcom (AVGO) Options ETP) and IWMO.L (iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc)) are both exchange-traded funds - AVGI.L is a Derivative Income fund actively managed by Leverage Shares, while IWMO.L is a Momentum fund tracking the MSCI World Momentum Index. AVGI.L is actively managed, while IWMO.L is passively managed. Over the past year, AVGI.L returned 16.55% vs 28.99% for IWMO.L. A 0.56 correlation means they provide meaningful diversification when combined. AVGI.L charges 0.55%/yr vs 0.25%/yr for IWMO.L.
Performance
AVGI.L vs. IWMO.L - Performance Comparison
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Returns By Period
In the year-to-date period, AVGI.L achieves a 5.06% return, which is significantly lower than IWMO.L's 18.37% return.
AVGI.L
- 1D
- 0.00%
- 1M
- -3.05%
- 6M
- 9.80%
- YTD
- 5.06%
- 1Y
- 16.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWMO.L
- 1D
- -2.22%
- 1M
- -5.18%
- 6M
- 15.68%
- YTD
- 18.37%
- 1Y
- 28.99%
- 3Y*
- 25.82%
- 5Y*
- 13.01%
- 10Y*
- 14.86%
AVGI.L vs. IWMO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AVGI.L IncomeShares Broadcom (AVGO) Options ETP | 5.06% | 11,438.21% |
IWMO.L iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc) | 18.37% | 8.27% |
Correlation
The correlation between AVGI.L and IWMO.L is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2025 | 0.56 |
The correlation between AVGI.L and IWMO.L has been stable across timeframes, ranging from 0.56 to 0.57 - a consistent structural relationship.
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Return for Risk
AVGI.L vs. IWMO.L — Risk / Return Rank
AVGI.L
IWMO.L
AVGI.L vs. IWMO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares Broadcom (AVGO) Options ETP (AVGI.L) and iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc) (IWMO.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AVGI.L | IWMO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.26 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 2.49 | -2.10 |
| Martin ratioReturn relative to average drawdown | 0.60 | 9.70 | -9.10 |
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Drawdowns
AVGI.L vs. IWMO.L - Drawdown Comparison
The maximum AVGI.L drawdown since its inception was -43.06%, which is greater than IWMO.L's maximum drawdown of -31.52%. Use the drawdown chart below to compare losses from any high point for AVGI.L and IWMO.L.
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Drawdown Indicators
| AVGI.L | IWMO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.06% | -31.52% | -11.54% |
Max Drawdown (1Y)Largest decline over 1 year | -43.06% | -11.61% | -31.45% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.40% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.52% | — |
Current DrawdownCurrent decline from peak | -31.32% | -7.24% | -24.08% |
Average DrawdownAverage peak-to-trough decline | -22.74% | -6.00% | -16.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.40% | 2.98% | +24.42% |
Volatility
AVGI.L vs. IWMO.L - Volatility Comparison
IncomeShares Broadcom (AVGO) Options ETP (AVGI.L) has a higher volatility of 13.15% compared to iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc) (IWMO.L) at 8.95%. This indicates that AVGI.L's price experiences larger fluctuations and is considered to be riskier than IWMO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVGI.L | IWMO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.15% | 8.95% | +4.20% |
Volatility (6M)Calculated over the trailing 6-month period | 29.93% | 18.45% | +11.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.93% | 20.68% | +39.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9,794.55% | 18.99% | +9,775.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9,794.55% | 18.25% | +9,776.30% |
AVGI.L vs. IWMO.L - Expense Ratio Comparison
AVGI.L has a 0.55% expense ratio, which is higher than IWMO.L's 0.25% expense ratio.
Dividends
AVGI.L vs. IWMO.L - Dividend Comparison
AVGI.L's dividend yield for the trailing twelve months is around 50.60%, while IWMO.L has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
AVGI.L IncomeShares Broadcom (AVGO) Options ETP | 50.60% | 10.33% |
IWMO.L iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc) | 0.00% | 0.00% |
Frequently Asked Questions
AVGI.L and IWMO.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWMO.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWMO.L is cheaper with a 0.25% expense ratio, compared with 0.55% for AVGI.L.
AVGI.L is categorized as Derivative Income, while IWMO.L is Momentum. They also come from different issuers: Leverage Shares and iShares. Their fees differ too: 0.55% for AVGI.L and 0.25% for IWMO.L.
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