IDEF vs. IDMO
IDEF (iShares Defense Industrials Active ETF) and IDMO (Invesco S&P International Developed Momentum ETF) are both exchange-traded funds - IDEF is a Aerospace & Defense fund actively managed by iShares, while IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. IDEF is actively managed, while IDMO is passively managed. Over the past year, IDEF returned 21.86% vs 23.09% for IDMO. A 0.67 correlation means they provide meaningful diversification when combined. IDEF charges 0.55%/yr vs 0.25%/yr for IDMO.
Performance
IDEF vs. IDMO - Performance Comparison
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Returns By Period
In the year-to-date period, IDEF achieves a 4.74% return, which is significantly lower than IDMO's 7.74% return.
IDEF
- 1D
- -2.54%
- 1M
- -2.65%
- YTD
- 4.74%
- 6M
- 9.45%
- 1Y
- 21.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IDMO
- 1D
- -1.16%
- 1M
- 2.20%
- YTD
- 7.74%
- 6M
- 12.22%
- 1Y
- 23.09%
- 3Y*
- 25.70%
- 5Y*
- 15.53%
- 10Y*
- 12.09%
IDEF vs. IDMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IDEF iShares Defense Industrials Active ETF | 4.74% | 23.05% |
IDMO Invesco S&P International Developed Momentum ETF | 7.74% | 16.80% |
Correlation
The correlation between IDEF and IDMO is 0.67, 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 | 0.67 |
Correlation (All Time) Calculated using the full available price history since May 22, 2025 | 0.67 |
The correlation between IDEF and IDMO has been stable across timeframes, ranging from 0.67 to 0.67 - a consistent structural relationship.
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Return for Risk
IDEF vs. IDMO — Risk / Return Rank
IDEF
IDMO
IDEF vs. IDMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Defense Industrials Active ETF (IDEF) and Invesco S&P International Developed Momentum ETF (IDMO). 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.
| IDEF | IDMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.25 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 1.88 | -0.38 |
| Martin ratioReturn relative to average drawdown | 3.90 | 7.84 | -3.94 |
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
| IDEF | IDMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.37 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.88 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.67 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.33 | 0.45 | +0.88 |
Drawdowns
IDEF vs. IDMO - Drawdown Comparison
The maximum IDEF drawdown since its inception was -14.63%, smaller than the maximum IDMO drawdown of -39.38%. Use the drawdown chart below to compare losses from any high point for IDEF and IDMO.
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Drawdown Indicators
| IDEF | IDMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.63% | -39.38% | +24.75% |
Max Drawdown (1Y)Largest decline over 1 year | -14.63% | -12.31% | -2.32% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.65% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.07% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.34% | — |
Current DrawdownCurrent decline from peak | -12.31% | -2.31% | -10.00% |
Average DrawdownAverage peak-to-trough decline | -3.90% | -9.76% | +5.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.61% | 2.95% | +2.66% |
Volatility
IDEF vs. IDMO - Volatility Comparison
iShares Defense Industrials Active ETF (IDEF) has a higher volatility of 7.87% compared to Invesco S&P International Developed Momentum ETF (IDMO) at 6.43%. This indicates that IDEF's price experiences larger fluctuations and is considered to be riskier than IDMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDEF | IDMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.87% | 6.43% | +1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 17.98% | 14.91% | +3.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.15% | 16.89% | +4.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.07% | 17.84% | +3.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.07% | 18.12% | +2.95% |
IDEF vs. IDMO - Expense Ratio Comparison
IDEF has a 0.55% expense ratio, which is higher than IDMO's 0.25% expense ratio.
Dividends
IDEF vs. IDMO - Dividend Comparison
IDEF's dividend yield for the trailing twelve months is around 0.16%, less than IDMO's 3.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDEF iShares Defense Industrials Active ETF | 0.16% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IDMO Invesco S&P International Developed Momentum ETF | 3.53% | 3.71% | 2.24% | 2.89% | 3.66% | 1.81% | 1.63% | 2.78% | 3.27% | 3.08% | 2.18% | 2.52% |
Frequently Asked Questions
IDEF and IDMO have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDEF has higher volatility (7.87%) compared to IDMO (6.43%). In terms of maximum drawdown, IDEF dropped -14.63% vs IDMO's -39.38%.
On 1-year performance, IDMO leads with 23.09% vs 21.86% for IDEF. On fees, IDMO is cheaper at 0.25% per year. On volatility, IDMO has been the lower-risk option at 6.43%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IDMO has performed better with a 23.09% return vs 21.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IDMO is cheaper with a 0.25% expense ratio, compared with 0.55% for IDEF.
IDMO has the higher dividend yield at 3.53%, compared with 0.16% for IDEF.
IDEF is categorized as Aerospace & Defense, while IDMO is Momentum. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.55% for IDEF and 0.25% for IDMO.
IDMO currently has the higher Sharpe Ratio (1.37 vs 1.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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