DPYE.L vs. IWMO.MI

Last updated Jun 5, 2026

DPYE.L (iShares Developed Markets Property Yield UCITS ETF EUR Hedged (Acc)) and IWMO.MI (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) are both exchange-traded funds - DPYE.L is a REIT fund tracking the FTSE EPRA/NAREIT Developed Dividend+ (EUR Hedged), while IWMO.MI is a Momentum fund tracking the MSCI World Momentum Index. Both are passively managed. Over the past 5 years, DPYE.L returned 0.11%/yr vs 14.68%/yr for IWMO.MI. At a 0.42 correlation, their price movements are largely independent. DPYE.L charges 0.64%/yr vs 0.25%/yr for IWMO.MI.

Performance

DPYE.L vs. IWMO.MI - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Developed Markets Property Yield UCITS ETF EUR Hedged (Acc) (DPYE.L) 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, DPYE.L achieves a 5.70% return, which is significantly lower than IWMO.MI's 22.51% return.

DPYE.L

• 1D: -0.05%
• 1M: -2.76%
• YTD: 5.70%
• 6M: 6.76%
• 1Y: 8.67%
• 3Y*: 6.76%
• 5Y*: 0.11%
• 10Y*: —

IWMO.MI

• 1D: -0.90%
• 1M: 6.80%
• YTD: 22.51%
• 6M: 23.59%
• 1Y: 31.43%
• 3Y*: 26.15%
• 5Y*: 14.68%
• 10Y*: 15.31%

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

DPYE.L vs. IWMO.MI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
DPYE.L iShares Developed Markets Property Yield UCITS ETF EUR Hedged (Acc)	5.70%	5.47%	0.74%	8.05%	-23.49%	27.34%	-12.56%	18.22%	0.64%
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%	-2.98%

Correlation

The correlation between DPYE.L and IWMO.MI is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (All Time) Calculated using the full available price history since Mar 9, 2018	0.42

The correlation between DPYE.L and IWMO.MI shifts across timeframes, from 0.30 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DPYE.L vs. IWMO.MI — Risk / Return Rank

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

DPYE.L

DPYE.L Risk / Return Rank: 23
DPYE.L Sharpe Ratio Rank: 24
DPYE.L Sortino Ratio Rank: 23
DPYE.L Omega Ratio Rank: 22
DPYE.L Calmar Ratio Rank: 21
DPYE.L Martin Ratio Rank: 25

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.

DPYE.L vs. IWMO.MI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Developed Markets Property Yield UCITS ETF EUR Hedged (Acc) (DPYE.L) 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.

	DPYE.L	IWMO.MI	Difference
Sharpe ratio: Return per unit of total volatility	0.80	1.87	-1.07
Sortino ratio: Return per unit of downside risk	1.21	2.81	-1.61
Omega ratio: Gain probability vs. loss probability	1.14	1.34	-0.20
Calmar ratio: Return relative to maximum drawdown	0.95	3.50	-2.55
Martin ratio: Return relative to average drawdown	3.18	13.36	-10.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DPYE.L vs. IWMO.MI - Sharpe Ratio Comparison

The current DPYE.L Sharpe Ratio is 0.80, which is lower than the IWMO.MI Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of DPYE.L 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

	DPYE.L	IWMO.MI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.80	1.87	-1.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	0.84	-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	0.15	0.80	-0.65

Drawdowns

DPYE.L vs. IWMO.MI - Drawdown Comparison

The maximum DPYE.L drawdown since its inception was -41.46%, which is greater than IWMO.MI's maximum drawdown of -31.03%. Use the drawdown chart below to compare losses from any high point for DPYE.L and IWMO.MI.

Drawdown Indicators

	DPYE.L	IWMO.MI	Difference
Max Drawdown Largest peak-to-trough decline	-41.46%	-31.03%	-10.43%
Max Drawdown (1Y) Largest decline over 1 year	-9.32%	-9.04%	-0.28%
Max Drawdown (3Y) Largest decline over 3 years	-17.31%	-23.45%	+6.14%
Max Drawdown (5Y) Largest decline over 5 years	-33.12%	-23.45%	-9.67%
Max Drawdown (10Y) Largest decline over 10 years	—	-31.03%	—
Current Drawdown Current decline from peak	-8.13%	-0.90%	-7.23%
Average Drawdown Average peak-to-trough decline	-12.75%	-5.88%	-6.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.78%	2.37%	+0.41%

Volatility

DPYE.L vs. IWMO.MI - Volatility Comparison

The current volatility for iShares Developed Markets Property Yield UCITS ETF EUR Hedged (Acc) (DPYE.L) is 3.37%, while iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWMO.MI) has a volatility of 5.79%. This indicates that DPYE.L 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

	DPYE.L	IWMO.MI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.37%	5.79%	-2.42%
Volatility (6M) Calculated over the trailing 6-month period	8.37%	14.18%	-5.81%
Volatility (1Y) Calculated over the trailing 1-year period	11.05%	16.87%	-5.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.02%	17.29%	-2.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.24%	17.60%	-0.36%

DPYE.L vs. IWMO.MI - Expense Ratio Comparison

DPYE.L has a 0.64% expense ratio, which is higher than IWMO.MI's 0.25% expense ratio.

Dividends

DPYE.L vs. IWMO.MI - Dividend Comparison

Neither DPYE.L nor IWMO.MI has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

DPYE.L and IWMO.MI have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DPYE.L 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, DPYE.L or IWMO.MI?

IWMO.MI is cheaper with a 0.25% expense ratio, compared with 0.64% for DPYE.L.

What is the main difference between DPYE.L and IWMO.MI?

DPYE.L is categorized as REIT, while IWMO.MI is Momentum. DPYE.L tracks FTSE EPRA/NAREIT Developed Dividend+ (EUR Hedged), while IWMO.MI tracks MSCI World Momentum Index. Their fees differ too: 0.64% for DPYE.L and 0.25% for IWMO.MI.