CSNDX.MI vs. IWMO.MI

Last updated Jun 5, 2026

CSNDX.MI (iShares NASDAQ 100 UCITS ETF USD (Acc)) and IWMO.MI (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) are both exchange-traded funds - CSNDX.MI is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while IWMO.MI is a Momentum fund tracking the MSCI World Momentum Index. Both are passively managed. Over the past 10 years, CSNDX.MI returned 21.25%/yr vs 15.31%/yr for IWMO.MI. A 0.79 correlation means they provide meaningful diversification when combined. CSNDX.MI charges 0.30%/yr vs 0.25%/yr for IWMO.MI.

Performance

CSNDX.MI vs. IWMO.MI - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares NASDAQ 100 UCITS ETF USD (Acc) (CSNDX.MI) and iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWMO.MI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CSNDX.MI achieves a 20.42% return, which is significantly lower than IWMO.MI's 22.51% return. Over the past 10 years, CSNDX.MI has outperformed IWMO.MI with an annualized return of 21.25%, while IWMO.MI has yielded a comparatively lower 15.31% annualized return.

CSNDX.MI

• 1D: -0.81%
• 1M: 9.28%
• YTD: 20.42%
• 6M: 19.45%
• 1Y: 37.69%
• 3Y*: 24.49%
• 5Y*: 18.66%
• 10Y*: 21.25%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CSNDX.MI vs. IWMO.MI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CSNDX.MI iShares NASDAQ 100 UCITS ETF USD (Acc)	20.42%	6.74%	35.09%	50.07%	-30.24%	39.83%	35.45%	41.91%	3.62%	16.34%
IWMO.MI iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)	22.51%	8.04%	39.23%	7.91%	-13.96%	24.82%	17.08%	31.14%	0.40%	16.05%

Correlation

The correlation between CSNDX.MI and IWMO.MI is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Feb 18, 2015	0.79

The correlation between CSNDX.MI and IWMO.MI has been stable across timeframes, ranging from 0.77 to 0.85 - a consistent structural relationship.

Return for Risk

CSNDX.MI vs. IWMO.MI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CSNDX.MI

CSNDX.MI Risk / Return Rank: 72
CSNDX.MI Sharpe Ratio Rank: 76
CSNDX.MI Sortino Ratio Rank: 72
CSNDX.MI Omega Ratio Rank: 73
CSNDX.MI Calmar Ratio Rank: 76
CSNDX.MI Martin Ratio Rank: 63

IWMO.MI

IWMO.MI Risk / Return Rank: 63
IWMO.MI Sharpe Ratio Rank: 56
IWMO.MI Sortino Ratio Rank: 61
IWMO.MI Omega Ratio Rank: 57
IWMO.MI Calmar Ratio Rank: 71
IWMO.MI Martin Ratio Rank: 72

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CSNDX.MI vs. IWMO.MI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares NASDAQ 100 UCITS ETF USD (Acc) (CSNDX.MI) 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.

	CSNDX.MI	IWMO.MI	Difference
Sharpe ratio: Return per unit of total volatility	2.42	1.87	+0.54
Sortino ratio: Return per unit of downside risk	3.20	2.81	+0.39
Omega ratio: Gain probability vs. loss probability	1.42	1.34	+0.08
Calmar ratio: Return relative to maximum drawdown	3.79	3.50	+0.29
Martin ratio: Return relative to average drawdown	11.18	13.36	-2.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CSNDX.MI vs. IWMO.MI - Sharpe Ratio Comparison

The current CSNDX.MI Sharpe Ratio is 2.42, which is comparable to the IWMO.MI Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of CSNDX.MI and IWMO.MI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CSNDX.MI	IWMO.MI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	1.87	+0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.94	0.84	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.08	0.90	+0.18
Sharpe Ratio (All Time) Calculated using the full available price history	1.07	0.80	+0.27

Drawdowns

CSNDX.MI vs. IWMO.MI - Drawdown Comparison

The maximum CSNDX.MI drawdown since its inception was -31.19%, roughly equal to the maximum IWMO.MI drawdown of -31.03%. Use the drawdown chart below to compare losses from any high point for CSNDX.MI and IWMO.MI.

Drawdown Indicators

	CSNDX.MI	IWMO.MI	Difference
Max Drawdown Largest peak-to-trough decline	-31.19%	-31.03%	-0.16%
Max Drawdown (1Y) Largest decline over 1 year	-9.95%	-9.04%	-0.91%
Max Drawdown (3Y) Largest decline over 3 years	-26.71%	-23.45%	-3.26%
Max Drawdown (5Y) Largest decline over 5 years	-31.19%	-23.45%	-7.74%
Max Drawdown (10Y) Largest decline over 10 years	-31.19%	-31.03%	-0.16%
Current Drawdown Current decline from peak	-0.81%	-0.90%	+0.09%
Average Drawdown Average peak-to-trough decline	-5.43%	-5.88%	+0.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	2.37%	+1.00%

Volatility

CSNDX.MI vs. IWMO.MI - Volatility Comparison

The current volatility for iShares NASDAQ 100 UCITS ETF USD (Acc) (CSNDX.MI) is 4.28%, while iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWMO.MI) has a volatility of 5.79%. This indicates that CSNDX.MI 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.

Volatility by Period

	CSNDX.MI	IWMO.MI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.28%	5.79%	-1.51%
Volatility (6M) Calculated over the trailing 6-month period	10.79%	14.18%	-3.39%
Volatility (1Y) Calculated over the trailing 1-year period	15.61%	16.87%	-1.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.79%	17.29%	+2.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.61%	17.60%	+2.01%

CSNDX.MI vs. IWMO.MI - Expense Ratio Comparison

CSNDX.MI has a 0.30% expense ratio, which is higher than IWMO.MI's 0.25% expense ratio.

Dividends

CSNDX.MI vs. IWMO.MI - Dividend Comparison

Neither CSNDX.MI nor IWMO.MI has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CSNDX.MI and IWMO.MI in my portfolio?

CSNDX.MI and IWMO.MI have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CSNDX.MI or IWMO.MI?

On fees, IWMO.MI is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CSNDX.MI or IWMO.MI?

IWMO.MI is cheaper with a 0.25% expense ratio, compared with 0.30% for CSNDX.MI.

What is the main difference between CSNDX.MI and IWMO.MI?

CSNDX.MI is categorized as Nasdaq-100, while IWMO.MI is Momentum. CSNDX.MI tracks NASDAQ-100 Index, while IWMO.MI tracks MSCI World Momentum Index. Their fees differ too: 0.30% for CSNDX.MI and 0.25% for IWMO.MI.