IEFM.L vs. IUSQ.DE
IEFM.L (iShares Edge MSCI Europe Momentum Factor UCITS ETF) and IUSQ.DE (iShares MSCI ACWI UCITS ETF (Acc)) are both exchange-traded funds - IEFM.L is a Momentum fund tracking the MSCI Europe Momentum Index, while IUSQ.DE is a Global Equities fund tracking the MSCI All Country World (ACWI). Both are passively managed. Over the past 10 years, IEFM.L returned 13.00%/yr vs 13.49%/yr for IUSQ.DE. A 0.71 correlation means they provide meaningful diversification when combined. IEFM.L charges 0.25%/yr vs 0.20%/yr for IUSQ.DE.
Performance
IEFM.L vs. IUSQ.DE - Performance Comparison
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Different Trading Currencies
IEFM.L is traded in GBp, while IUSQ.DE is traded in EUR. To make them comparable, the IUSQ.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IEFM.L achieves a 7.84% return, which is significantly lower than IUSQ.DE's 10.53% return. Both investments have delivered pretty close results over the past 10 years, with IEFM.L having a 13.00% annualized return and IUSQ.DE not far ahead at 13.49%.
IEFM.L
- 1D
- 1.60%
- 1M
- 2.32%
- YTD
- 7.84%
- 6M
- 10.12%
- 1Y
- 22.14%
- 3Y*
- 20.53%
- 5Y*
- 11.67%
- 10Y*
- 13.00%
IUSQ.DE
- 1D
- 1.84%
- 1M
- 1.81%
- YTD
- 10.53%
- 6M
- 11.48%
- 1Y
- 27.70%
- 3Y*
- 17.44%
- 5Y*
- 12.15%
- 10Y*
- 13.49%
IEFM.L vs. IUSQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEFM.L iShares Edge MSCI Europe Momentum Factor UCITS ETF | 7.84% | 33.05% | 15.03% | 10.37% | -9.80% | 14.07% | 17.04% | 23.39% | -9.34% | 15.91% |
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc) | 10.53% | 14.69% | 19.10% | 16.20% | -8.85% | 20.02% | 10.86% | 23.38% | -4.65% | 13.80% |
Correlation
The correlation between IEFM.L and IUSQ.DE is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2015 | 0.71 |
The correlation between IEFM.L and IUSQ.DE has been stable across timeframes, ranging from 0.65 to 0.71 - a consistent structural relationship.
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Return for Risk
IEFM.L vs. IUSQ.DE — Risk / Return Rank
IEFM.L
IUSQ.DE
IEFM.L vs. IUSQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Momentum Factor UCITS ETF (IEFM.L) and iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IEFM.L | IUSQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.46 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 3.95 | -2.12 |
| Martin ratioReturn relative to average drawdown | 6.72 | 15.60 | -8.88 |
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Drawdowns
IEFM.L vs. IUSQ.DE - Drawdown Comparison
The maximum IEFM.L drawdown since its inception was -23.88%, smaller than the maximum IUSQ.DE drawdown of -26.18%. Use the drawdown chart below to compare losses from any high point for IEFM.L and IUSQ.DE.
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Drawdown Indicators
| IEFM.L | IUSQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.88% | -26.18% | +2.30% |
Max Drawdown (1Y)Largest decline over 1 year | -12.05% | -6.99% | -5.06% |
Max Drawdown (3Y)Largest decline over 3 years | -12.95% | -19.02% | +6.07% |
Max Drawdown (5Y)Largest decline over 5 years | -21.33% | -19.02% | -2.31% |
Max Drawdown (10Y)Largest decline over 10 years | -23.88% | -26.18% | +2.30% |
Current DrawdownCurrent decline from peak | -0.77% | -1.46% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -3.80% | -1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.29% | 1.77% | +1.52% |
Volatility
IEFM.L vs. IUSQ.DE - Volatility Comparison
iShares Edge MSCI Europe Momentum Factor UCITS ETF (IEFM.L) has a higher volatility of 4.17% compared to iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE) at 3.43%. This indicates that IEFM.L's price experiences larger fluctuations and is considered to be riskier than IUSQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEFM.L | IUSQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 3.43% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 14.10% | 8.33% | +5.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.23% | 11.18% | +5.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.67% | 13.53% | +2.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.95% | 14.82% | +1.13% |
IEFM.L vs. IUSQ.DE - Expense Ratio Comparison
IEFM.L has a 0.25% expense ratio, which is higher than IUSQ.DE's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IEFM.L vs. IUSQ.DE - Dividend Comparison
Neither IEFM.L nor IUSQ.DE has paid dividends to shareholders.
Frequently Asked Questions
IEFM.L and IUSQ.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSQ.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSQ.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for IEFM.L.
IEFM.L is categorized as Momentum, while IUSQ.DE is Global Equities. IEFM.L tracks MSCI Europe Momentum Index, while IUSQ.DE tracks MSCI All Country World (ACWI). Their fees differ too: 0.25% for IEFM.L and 0.20% for IUSQ.DE.
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