IDMO vs. IMTM

Last updated Jun 4, 2026

IDMO (Invesco S&P International Developed Momentum ETF) and IMTM (iShares MSCI Intl Momentum Factor ETF) are both Momentum funds - IDMO tracks the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index while IMTM tracks the MSCI World ex USA Momentum. Both are passively managed. Over the past 10 years, IDMO returned 12.09%/yr vs 10.29%/yr for IMTM. A 0.74 correlation means they provide meaningful diversification when combined. IDMO charges 0.25%/yr vs 0.30%/yr for IMTM.

Performance

IDMO vs. IMTM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P International Developed Momentum ETF (IDMO) and iShares MSCI Intl Momentum Factor ETF (IMTM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IDMO achieves a 7.74% return, which is significantly lower than IMTM's 11.05% return. Over the past 10 years, IDMO has outperformed IMTM with an annualized return of 12.09%, while IMTM has yielded a comparatively lower 10.29% annualized return.

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%

IMTM

• 1D: -0.39%
• 1M: 4.43%
• YTD: 11.05%
• 6M: 14.04%
• 1Y: 23.92%
• 3Y*: 21.55%
• 5Y*: 9.00%
• 10Y*: 10.29%

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

IDMO vs. IMTM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IDMO Invesco S&P International Developed Momentum ETF	7.74%	42.17%	12.79%	20.16%	-12.03%	14.31%	22.01%	26.09%	-16.66%	29.21%
IMTM iShares MSCI Intl Momentum Factor ETF	11.05%	34.50%	12.17%	13.89%	-16.81%	3.50%	22.17%	24.52%	-14.31%	25.46%

Correlation

The correlation between IDMO and IMTM is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jan 27, 2015	0.74

Over the past year, IDMO and IMTM have become more correlated (0.97) than their long-term average of 0.74, meaning their price movements have been converging.

IDMO vs. IMTM - Sectors Allocation Comparison

Sectors	IDMO	IMTM
Financial Services	42.4%	29.6%
Industrials	22.6%	17.5%
Basic Materials	10.2%	9.3%
Utilities	8.4%	6.4%
Technology	5.3%	11.4%
Consumer Defensive	2.5%	2.4%
Communication Services	2.2%	1.9%
Real Estate	2.0%	1.2%
Energy	1.9%	9.4%
Consumer Cyclical	1.4%	1.8%
Healthcare	1.2%	9.0%

Return for Risk

IDMO vs. IMTM — Risk / Return Rank

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

IDMO

IDMO Risk / Return Rank: 40
IDMO Sharpe Ratio Rank: 37
IDMO Sortino Ratio Rank: 39
IDMO Omega Ratio Rank: 38
IDMO Calmar Ratio Rank: 37
IDMO Martin Ratio Rank: 47

IMTM

IMTM Risk / Return Rank: 40
IMTM Sharpe Ratio Rank: 39
IMTM Sortino Ratio Rank: 39
IMTM Omega Ratio Rank: 39
IMTM Calmar Ratio Rank: 37
IMTM Martin Ratio Rank: 45

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.

IDMO vs. IMTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P International Developed Momentum ETF (IDMO) and iShares MSCI Intl Momentum Factor ETF (IMTM). 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.

	IDMO	IMTM	Difference
Sharpe ratio: Return per unit of total volatility	1.37	1.41	-0.04
Sortino ratio: Return per unit of downside risk	2.03	2.07	-0.04
Omega ratio: Gain probability vs. loss probability	1.25	1.26	0.00
Calmar ratio: Return relative to maximum drawdown	1.88	1.87	+0.01
Martin ratio: Return relative to average drawdown	7.84	7.46	+0.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IDMO vs. IMTM - Sharpe Ratio Comparison

The current IDMO Sharpe Ratio is 1.37, which is comparable to the IMTM Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of IDMO and IMTM, 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

	IDMO	IMTM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.37	1.41	-0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	0.51	+0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	0.58	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.50	-0.05

Drawdowns

IDMO vs. IMTM - Drawdown Comparison

The maximum IDMO drawdown since its inception was -39.38%, which is greater than IMTM's maximum drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for IDMO and IMTM.

Drawdown Indicators

	IDMO	IMTM	Difference
Max Drawdown Largest peak-to-trough decline	-39.38%	-32.66%	-6.72%
Max Drawdown (1Y) Largest decline over 1 year	-12.31%	-12.85%	+0.54%
Max Drawdown (3Y) Largest decline over 3 years	-12.65%	-12.85%	+0.20%
Max Drawdown (5Y) Largest decline over 5 years	-27.07%	-32.66%	+5.59%
Max Drawdown (10Y) Largest decline over 10 years	-31.34%	-32.66%	+1.32%
Current Drawdown Current decline from peak	-2.31%	-0.39%	-1.92%
Average Drawdown Average peak-to-trough decline	-9.76%	-7.45%	-2.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	3.21%	-0.26%

Volatility

IDMO vs. IMTM - Volatility Comparison

Invesco S&P International Developed Momentum ETF (IDMO) has a higher volatility of 6.43% compared to iShares MSCI Intl Momentum Factor ETF (IMTM) at 5.48%. This indicates that IDMO's price experiences larger fluctuations and is considered to be riskier than IMTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IDMO	IMTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.43%	5.48%	+0.95%
Volatility (6M) Calculated over the trailing 6-month period	14.91%	14.98%	-0.07%
Volatility (1Y) Calculated over the trailing 1-year period	16.89%	17.04%	-0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.84%	17.64%	+0.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.12%	17.64%	+0.48%

IDMO vs. IMTM - Expense Ratio Comparison

IDMO has a 0.25% expense ratio, which is lower than IMTM's 0.30% expense ratio.

Dividends

IDMO vs. IMTM - Dividend Comparison

IDMO's dividend yield for the trailing twelve months is around 3.53%, less than IMTM's 4.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
IMTM iShares MSCI Intl Momentum Factor ETF	4.23%	4.70%	2.93%	2.29%	2.68%	2.51%	0.97%	2.13%	2.36%	1.92%	2.75%	1.56%

Frequently Asked Questions

Can I hold both IDMO and IMTM in my portfolio?

With a correlation of 0.97, IDMO and IMTM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, IDMO or IMTM?

IDMO has higher volatility (6.43%) compared to IMTM (5.48%). In terms of maximum drawdown, IDMO dropped -39.38% vs IMTM's -32.66%.

Which ETF is better, IDMO or IMTM?

On 10-year performance, IDMO leads with 12.09% vs 10.29% for IMTM. On fees, IDMO is cheaper at 0.25% per year. On volatility, IMTM has been the lower-risk option at 5.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IDMO or IMTM?

Over the 10-year period, IDMO has performed better with a 12.09% return vs 10.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IDMO or IMTM?

IDMO is cheaper with a 0.25% expense ratio, compared with 0.30% for IMTM.

Which ETF pays a higher dividend yield, IDMO or IMTM?

IMTM has the higher dividend yield at 4.23%, compared with 3.53% for IDMO.

What is the main difference between IDMO and IMTM?

IDMO tracks S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index, while IMTM tracks MSCI World ex USA Momentum. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.25% for IDMO and 0.30% for IMTM.

Which has better risk-adjusted returns?

IMTM currently has the higher Sharpe Ratio (1.41 vs 1.37), 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.