EXXY.DE vs. IWMO.L
EXXY.DE (iShares Diversified Commodity Swap UCITS ETF (DE)) and IWMO.L (iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc)) are both exchange-traded funds - EXXY.DE is a Commodities fund tracking the Bloomberg Commodity, while IWMO.L is a Momentum fund tracking the MSCI World Momentum Index. Both are passively managed. Over the past 10 years, EXXY.DE returned 5.66%/yr vs 15.32%/yr for IWMO.L. At a 0.27 correlation, their price movements are largely independent. EXXY.DE charges 0.46%/yr vs 0.25%/yr for IWMO.L.
Performance
EXXY.DE vs. IWMO.L - Performance Comparison
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Different Trading Currencies
EXXY.DE is traded in EUR, while IWMO.L is traded in USD. To make them comparable, the IWMO.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with EXXY.DE having a 23.43% return and IWMO.L slightly lower at 23.28%. Over the past 10 years, EXXY.DE has underperformed IWMO.L with an annualized return of 5.66%, while IWMO.L has yielded a comparatively higher 15.32% annualized return.
EXXY.DE
- 1D
- -1.47%
- 1M
- -3.12%
- YTD
- 23.43%
- 6M
- 24.08%
- 1Y
- 33.97%
- 3Y*
- 11.64%
- 5Y*
- 11.46%
- 10Y*
- 5.66%
IWMO.L
- 1D
- -0.91%
- 1M
- 8.64%
- YTD
- 23.28%
- 6M
- 23.71%
- 1Y
- 31.62%
- 3Y*
- 26.13%
- 5Y*
- 14.68%
- 10Y*
- 15.32%
EXXY.DE vs. IWMO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXXY.DE iShares Diversified Commodity Swap UCITS ETF (DE) | 23.43% | 3.90% | 10.13% | -10.90% | 21.43% | 38.49% | -14.34% | 8.73% | -6.18% | -12.20% |
IWMO.L iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc) | 23.28% | 6.67% | 39.11% | 8.60% | -12.89% | 22.67% | 17.98% | 30.01% | 0.66% | 15.86% |
Correlation
The correlation between EXXY.DE and IWMO.L is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2014 | 0.27 |
The correlation between EXXY.DE and IWMO.L shifts across timeframes, from -0.08 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EXXY.DE vs. IWMO.L — Risk / Return Rank
EXXY.DE
IWMO.L
EXXY.DE vs. IWMO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (DE) (EXXY.DE) 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.
| EXXY.DE | IWMO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.33 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 3.33 | +0.45 |
| Martin ratioReturn relative to average drawdown | 8.41 | 13.02 | -4.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EXXY.DE | IWMO.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.78 | 1.77 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.82 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.85 | -0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.82 | -0.80 |
Drawdowns
EXXY.DE vs. IWMO.L - Drawdown Comparison
The maximum EXXY.DE drawdown since its inception was -65.58%, which is greater than IWMO.L's maximum drawdown of -31.00%. Use the drawdown chart below to compare losses from any high point for EXXY.DE and IWMO.L.
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Drawdown Indicators
| EXXY.DE | IWMO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.58% | -31.00% | -34.58% |
Max Drawdown (1Y)Largest decline over 1 year | -8.95% | -9.46% | +0.51% |
Max Drawdown (3Y)Largest decline over 3 years | -16.31% | -22.71% | +6.40% |
Max Drawdown (5Y)Largest decline over 5 years | -28.03% | -22.71% | -5.32% |
Max Drawdown (10Y)Largest decline over 10 years | -33.54% | -31.00% | -2.54% |
Current DrawdownCurrent decline from peak | -16.97% | -0.91% | -16.06% |
Average DrawdownAverage peak-to-trough decline | -40.08% | -5.69% | -34.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.03% | 2.42% | +1.61% |
Volatility
EXXY.DE vs. IWMO.L - Volatility Comparison
iShares Diversified Commodity Swap UCITS ETF (DE) (EXXY.DE) and iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc) (IWMO.L) have volatilities of 5.99% and 6.14%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXXY.DE | IWMO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 6.14% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 16.80% | 15.12% | +1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.98% | 17.78% | +1.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.55% | 17.95% | -0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.32% | 17.99% | -2.67% |
EXXY.DE vs. IWMO.L - Expense Ratio Comparison
EXXY.DE has a 0.46% expense ratio, which is higher than IWMO.L's 0.25% expense ratio.
Dividends
EXXY.DE vs. IWMO.L - Dividend Comparison
Neither EXXY.DE nor IWMO.L has paid dividends to shareholders.
Frequently Asked Questions
EXXY.DE and IWMO.L have a correlation of -0.08, 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 0.46% for EXXY.DE.
EXXY.DE is categorized as Commodities, while IWMO.L is Momentum. EXXY.DE tracks Bloomberg Commodity, while IWMO.L tracks MSCI World Momentum Index. Their fees differ too: 0.46% for EXXY.DE and 0.25% for IWMO.L.
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