IEMD.L vs. XWEM.L
IEMD.L (iShares Edge MSCI Europe Momentum Factor UCITS ETF EUR (Dist)) and XWEM.L (Xtrackers MSCI World Momentum ESG UCITS ETF 1C) are both exchange-traded funds - IEMD.L is a Momentum fund tracking the MSCI Europe Momentum Index, while XWEM.L is a Global Equities fund tracking the MSCI World Momentum Low Carbon SRI Screened Select. Both are passively managed. Over the past 3 years, IEMD.L returned 19.96%/yr vs 25.84%/yr for XWEM.L. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
IEMD.L vs. XWEM.L - Performance Comparison
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Different Trading Currencies
IEMD.L is traded in EUR, while XWEM.L is traded in USD. To make them comparable, the XWEM.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IEMD.L achieves a 8.49% return, which is significantly lower than XWEM.L's 23.33% return.
IEMD.L
- 1D
- -0.10%
- 1M
- -0.80%
- 6M
- 3.49%
- YTD
- 8.49%
- 1Y
- 18.89%
- 3Y*
- 19.96%
- 5Y*
- 11.30%
- 10Y*
- —
XWEM.L
- 1D
- -0.26%
- 1M
- 1.35%
- 6M
- 19.43%
- YTD
- 23.33%
- 1Y
- 35.12%
- 3Y*
- 25.84%
- 5Y*
- —
- 10Y*
- —
IEMD.L vs. XWEM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IEMD.L iShares Edge MSCI Europe Momentum Factor UCITS ETF EUR (Dist) | 8.49% | 26.42% | 20.07% | 4.82% |
XWEM.L Xtrackers MSCI World Momentum ESG UCITS ETF 1C | 23.33% | 7.14% | 37.33% | 7.70% |
Correlation
The correlation between IEMD.L and XWEM.L is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2023 | 0.71 |
The correlation between IEMD.L and XWEM.L has been stable across timeframes, ranging from 0.71 to 0.74 - a consistent structural relationship.
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Return for Risk
IEMD.L vs. XWEM.L — Risk / Return Rank
IEMD.L
XWEM.L
IEMD.L vs. XWEM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Momentum Factor UCITS ETF EUR (Dist) (IEMD.L) and Xtrackers MSCI World Momentum ESG UCITS ETF 1C (XWEM.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.
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.
| IEMD.L | XWEM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.35 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 3.77 | -2.14 |
| Martin ratioReturn relative to average drawdown | 6.13 | 14.55 | -8.42 |
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Drawdowns
IEMD.L vs. XWEM.L - Drawdown Comparison
The maximum IEMD.L drawdown since its inception was -30.73%, which is greater than XWEM.L's maximum drawdown of -22.58%. Use the drawdown chart below to compare losses from any high point for IEMD.L and XWEM.L.
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Drawdown Indicators
| IEMD.L | XWEM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.73% | -22.58% | -8.15% |
Max Drawdown (1Y)Largest decline over 1 year | -11.53% | -9.09% | -2.44% |
Max Drawdown (3Y)Largest decline over 3 years | -15.69% | -22.58% | +6.89% |
Max Drawdown (5Y)Largest decline over 5 years | -23.60% | — | — |
Current DrawdownCurrent decline from peak | -2.44% | -3.84% | +1.40% |
Average DrawdownAverage peak-to-trough decline | -5.77% | -2.84% | -2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 2.36% | +0.71% |
Volatility
IEMD.L vs. XWEM.L - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Momentum Factor UCITS ETF EUR (Dist) (IEMD.L) is 4.36%, while Xtrackers MSCI World Momentum ESG UCITS ETF 1C (XWEM.L) has a volatility of 7.41%. This indicates that IEMD.L experiences smaller price fluctuations and is considered to be less risky than XWEM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEMD.L | XWEM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.36% | 7.41% | -3.05% |
Volatility (6M)Calculated over the trailing 6-month period | 14.60% | 15.16% | -0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.93% | 17.92% | -0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.17% | 17.69% | -1.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 17.69% | -0.85% |
IEMD.L vs. XWEM.L - Expense Ratio Comparison
Both IEMD.L and XWEM.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IEMD.L vs. XWEM.L - Dividend Comparison
IEMD.L's dividend yield for the trailing twelve months is around 2.03%, while XWEM.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IEMD.L iShares Edge MSCI Europe Momentum Factor UCITS ETF EUR (Dist) | 2.03% | 1.83% | 2.46% | 3.03% | 3.06% | 2.05% | 1.57% | 2.25% | 2.90% |
XWEM.L Xtrackers MSCI World Momentum ESG UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IEMD.L and XWEM.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IEMD.L and XWEM.L have the same expense ratio: 0.25% per year.
IEMD.L is categorized as Momentum, while XWEM.L is Global Equities. IEMD.L tracks MSCI Europe Momentum Index, while XWEM.L tracks MSCI World Momentum Low Carbon SRI Screened Select. They also come from different issuers: iShares and Xtrackers.
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