CLOA.DE vs. IWMO.MI
CLOA.DE (Invesco EUR AAA CLO UCITS ETF Acc) and IWMO.MI (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) are both exchange-traded funds - CLOA.DE is a CLO fund tracking the J.P. Morgan European Collateralized Loan Obligation AAA-only Index, while IWMO.MI is a Momentum fund tracking the MSCI World Momentum Index. Both are passively managed. Over the past year, CLOA.DE returned 3.46% vs 31.60% for IWMO.MI. At a correlation of -0.10, they often move in opposite directions. Both charge a 0.25% expense ratio.
Performance
CLOA.DE vs. IWMO.MI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CLOA.DE achieves a 1.37% return, which is significantly lower than IWMO.MI's 22.51% return.
CLOA.DE
- 1D
- 0.11%
- 1M
- 0.39%
- YTD
- 1.37%
- 6M
- 1.66%
- 1Y
- 3.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWMO.MI
- 1D
- -0.90%
- 1M
- 8.73%
- YTD
- 22.51%
- 6M
- 23.74%
- 1Y
- 31.60%
- 3Y*
- 26.15%
- 5Y*
- 14.68%
- 10Y*
- 15.31%
CLOA.DE vs. IWMO.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CLOA.DE Invesco EUR AAA CLO UCITS ETF Acc | 1.37% | 2.88% |
IWMO.MI iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) | 22.51% | 0.81% |
Correlation
The correlation between CLOA.DE and IWMO.MI is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.17 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025 | -0.10 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CLOA.DE vs. IWMO.MI — Risk / Return Rank
CLOA.DE
IWMO.MI
CLOA.DE vs. IWMO.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EUR AAA CLO UCITS ETF Acc (CLOA.DE) and iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWMO.MI). 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.
| CLOA.DE | IWMO.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.34 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 11.09 | 3.50 | +7.59 |
| Martin ratioReturn relative to average drawdown | 35.06 | 13.36 | +21.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CLOA.DE | IWMO.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.68 | 1.87 | +0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.84 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.90 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.31 | 0.80 | +1.51 |
Drawdowns
CLOA.DE vs. IWMO.MI - Drawdown Comparison
The maximum CLOA.DE drawdown since its inception was -0.49%, smaller than the maximum IWMO.MI drawdown of -31.03%. Use the drawdown chart below to compare losses from any high point for CLOA.DE and IWMO.MI.
Loading charts...
Drawdown Indicators
| CLOA.DE | IWMO.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.49% | -31.03% | +30.54% |
Max Drawdown (1Y)Largest decline over 1 year | -0.31% | -9.04% | +8.73% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.45% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.45% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.03% | — |
Current DrawdownCurrent decline from peak | -0.02% | -0.90% | +0.88% |
Average DrawdownAverage peak-to-trough decline | -0.09% | -5.88% | +5.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.10% | 2.37% | -2.27% |
Volatility
CLOA.DE vs. IWMO.MI - Volatility Comparison
The current volatility for Invesco EUR AAA CLO UCITS ETF Acc (CLOA.DE) is 0.43%, while iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWMO.MI) has a volatility of 5.79%. This indicates that CLOA.DE experiences smaller price fluctuations and is considered to be less risky than IWMO.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CLOA.DE | IWMO.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.43% | 5.79% | -5.36% |
Volatility (6M)Calculated over the trailing 6-month period | 0.95% | 14.18% | -13.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.30% | 16.87% | -15.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.42% | 17.29% | -15.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.42% | 17.60% | -16.18% |
CLOA.DE vs. IWMO.MI - Expense Ratio Comparison
Both CLOA.DE and IWMO.MI have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
CLOA.DE vs. IWMO.MI - Dividend Comparison
Neither CLOA.DE nor IWMO.MI has paid dividends to shareholders.
Frequently Asked Questions
CLOA.DE and IWMO.MI have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CLOA.DE and IWMO.MI have the same expense ratio: 0.25% per year.
CLOA.DE is categorized as CLO, while IWMO.MI is Momentum. CLOA.DE tracks J.P. Morgan European Collateralized Loan Obligation AAA-only Index, while IWMO.MI tracks MSCI World Momentum Index. They also come from different issuers: Invesco and iShares.
Find the right allocation for CLOA.DE and IWMO.MI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer