IEFM.L vs. WCOS.L

Last updated Jun 9, 2026

IEFM.L (iShares Edge MSCI Europe Momentum Factor UCITS ETF) and WCOS.L (SPDR MSCI World Consumer Staples UCITS ETF) are both exchange-traded funds - IEFM.L is a Momentum fund tracking the MSCI Europe Momentum Index, while WCOS.L is a Consumer Staples Equities fund tracking the Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR. Both are passively managed. Over the past 10 years, IEFM.L returned 12.57%/yr vs 6.44%/yr for WCOS.L. At a 0.50 correlation, their price movements are largely independent. IEFM.L charges 0.25%/yr vs 0.30%/yr for WCOS.L.

Performance

IEFM.L vs. WCOS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Edge MSCI Europe Momentum Factor UCITS ETF (IEFM.L) and SPDR MSCI World Consumer Staples UCITS ETF (WCOS.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IEFM.L is traded in GBp, while WCOS.L is traded in USD. To make them comparable, the WCOS.L 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 6.32% return, which is significantly higher than WCOS.L's 5.63% return. Over the past 10 years, IEFM.L has outperformed WCOS.L with an annualized return of 12.57%, while WCOS.L has yielded a comparatively lower 6.44% annualized return.

IEFM.L

• 1D: 0.21%
• 1M: 2.16%
• YTD: 6.32%
• 6M: 9.51%
• 1Y: 19.03%
• 3Y*: 20.47%
• 5Y*: 11.30%
• 10Y*: 12.57%

WCOS.L

• 1D: -0.29%
• 1M: -0.27%
• YTD: 5.63%
• 6M: 5.75%
• 1Y: 4.41%
• 3Y*: 4.48%
• 5Y*: 5.32%
• 10Y*: 6.44%

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

IEFM.L vs. WCOS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IEFM.L iShares Edge MSCI Europe Momentum Factor UCITS ETF	6.32%	33.05%	15.03%	10.37%	-9.80%	14.07%	17.04%	23.39%	-9.34%	15.91%
WCOS.L SPDR MSCI World Consumer Staples UCITS ETF	5.63%	0.79%	7.79%	-3.16%	6.01%	13.88%	4.43%	17.79%	-4.86%	7.20%

Correlation

The correlation between IEFM.L and WCOS.L is 0.04, 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	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (10Y) Calculated over the trailing 10-year period	0.46
Correlation (All Time) Calculated using the full available price history since Jan 20, 2015	0.50

Over the past year, the correlation between IEFM.L and WCOS.L has dropped to 0.04 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.

IEFM.L vs. WCOS.L - Sectors Allocation Comparison

Sectors	IEFM.L	WCOS.L
Financial Services	23.8%	-
Healthcare	15.7%	0.2%
Industrials	15.0%	-
Utilities	11.9%	-
Energy	10.3%	-
Technology	9.2%	-
Basic Materials	7.6%	-
Consumer Defensive	2.9%	97.5%
Communication Services	2.8%	-
Consumer Cyclical	0.5%	2.3%
Real Estate	0.4%	-

Return for Risk

IEFM.L vs. WCOS.L — Risk / Return Rank

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

IEFM.L

IEFM.L Risk / Return Rank: 37
IEFM.L Sharpe Ratio Rank: 37
IEFM.L Sortino Ratio Rank: 38
IEFM.L Omega Ratio Rank: 37
IEFM.L Calmar Ratio Rank: 34
IEFM.L Martin Ratio Rank: 40

WCOS.L

WCOS.L Risk / Return Rank: 13
WCOS.L Sharpe Ratio Rank: 13
WCOS.L Sortino Ratio Rank: 12
WCOS.L Omega Ratio Rank: 12
WCOS.L Calmar Ratio Rank: 13
WCOS.L Martin Ratio Rank: 13

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.

IEFM.L vs. WCOS.L - 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 SPDR MSCI World Consumer Staples UCITS ETF (WCOS.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.

	IEFM.L	WCOS.L	Difference
Sharpe ratio: Return per unit of total volatility	1.18	0.34	+0.84
Sortino ratio: Return per unit of downside risk	1.78	0.57	+1.22
Omega ratio: Gain probability vs. loss probability	1.22	1.07	+0.16
Calmar ratio: Return relative to maximum drawdown	1.57	0.47	+1.10
Martin ratio: Return relative to average drawdown	5.80	1.07	+4.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IEFM.L vs. WCOS.L - Sharpe Ratio Comparison

The current IEFM.L Sharpe Ratio is 1.18, which is higher than the WCOS.L Sharpe Ratio of 0.34. The chart below compares the historical Sharpe Ratios of IEFM.L and WCOS.L, 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

	IEFM.L	WCOS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.18	0.34	+0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.44	+0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	0.48	+0.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.80	-0.09

Drawdowns

IEFM.L vs. WCOS.L - Drawdown Comparison

The maximum IEFM.L drawdown since its inception was -23.88%, which is greater than WCOS.L's maximum drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for IEFM.L and WCOS.L.

Drawdown Indicators

	IEFM.L	WCOS.L	Difference
Max Drawdown Largest peak-to-trough decline	-23.88%	-17.00%	-6.88%
Max Drawdown (1Y) Largest decline over 1 year	-12.05%	-9.39%	-2.66%
Max Drawdown (3Y) Largest decline over 3 years	-12.95%	-9.39%	-3.56%
Max Drawdown (5Y) Largest decline over 5 years	-21.33%	-11.15%	-10.18%
Max Drawdown (10Y) Largest decline over 10 years	-23.88%	-17.00%	-6.88%
Current Drawdown Current decline from peak	-2.17%	-7.16%	+4.99%
Average Drawdown Average peak-to-trough decline	-5.04%	-3.65%	-1.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.27%	4.09%	-0.82%

Volatility

IEFM.L vs. WCOS.L - Volatility Comparison

The current volatility for iShares Edge MSCI Europe Momentum Factor UCITS ETF (IEFM.L) is 3.42%, while SPDR MSCI World Consumer Staples UCITS ETF (WCOS.L) has a volatility of 5.31%. This indicates that IEFM.L experiences smaller price fluctuations and is considered to be less risky than WCOS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IEFM.L	WCOS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.42%	5.31%	-1.89%
Volatility (6M) Calculated over the trailing 6-month period	13.84%	10.89%	+2.95%
Volatility (1Y) Calculated over the trailing 1-year period	16.06%	13.00%	+3.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.62%	12.12%	+3.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.94%	13.46%	+2.48%

IEFM.L vs. WCOS.L - Expense Ratio Comparison

IEFM.L has a 0.25% expense ratio, which is lower than WCOS.L's 0.30% expense ratio.

Dividends

IEFM.L vs. WCOS.L - Dividend Comparison

Neither IEFM.L nor WCOS.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IEFM.L and WCOS.L in my portfolio?

IEFM.L and WCOS.L have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IEFM.L or WCOS.L?

On fees, IEFM.L 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, IEFM.L or WCOS.L?

IEFM.L is cheaper with a 0.25% expense ratio, compared with 0.30% for WCOS.L.

What is the main difference between IEFM.L and WCOS.L?

IEFM.L is categorized as Momentum, while WCOS.L is Consumer Staples Equities. IEFM.L tracks MSCI Europe Momentum Index, while WCOS.L tracks Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR. They also come from different issuers: iShares and State Street. Their fees differ too: 0.25% for IEFM.L and 0.30% for WCOS.L.