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IFSW.L vs. SPMO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IFSW.L vs. SPMO

Last updated Jun 5, 2026

IFSW.L (iShares Edge MSCI World Multifactor UCITS) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - IFSW.L is a Global Equities fund tracking the MSCI ACWI NR USD, while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. Both are passively managed. Over the past 10 years, IFSW.L returned 11.66%/yr vs 20.77%/yr for SPMO. At a 0.46 correlation, their price movements are largely independent. IFSW.L charges 0.55%/yr vs 0.13%/yr for SPMO.

Performance

IFSW.L vs. SPMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Edge MSCI World Multifactor UCITS (IFSW.L) and Invesco S&P 500 Momentum ETF (SPMO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IFSW.L achieves a 11.85% return, which is significantly lower than SPMO's 28.45% return. Over the past 10 years, IFSW.L has underperformed SPMO with an annualized return of 11.66%, while SPMO has yielded a comparatively higher 20.77% annualized return.

IFSW.L

1D
-0.50%
1M
4.97%
YTD
11.85%
6M
13.13%
1Y
29.64%
3Y*
21.77%
5Y*
10.89%
10Y*
11.66%

SPMO

1D
-1.46%
1M
10.84%
YTD
28.45%
6M
27.50%
1Y
43.92%
3Y*
42.27%
5Y*
23.92%
10Y*
20.77%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IFSW.L vs. SPMO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IFSW.L
iShares Edge MSCI World Multifactor UCITS		11.85%25.73%17.05%15.35%-15.39%20.36%10.69%21.44%-12.34%26.45%
SPMO
Invesco S&P 500 Momentum ETF		28.45%26.58%45.82%17.56%-10.45%22.64%28.25%25.93%-0.92%27.76%

Correlation

The correlation between IFSW.L and SPMO is 0.58, 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

0.58

Correlation (3Y)
Calculated over the trailing 3-year period

0.49

Correlation (5Y)
Calculated over the trailing 5-year period

0.50

Correlation (10Y)
Calculated over the trailing 10-year period

0.47

Correlation (All Time)
Calculated using the full available price history since Oct 13, 2015

0.46

The correlation between IFSW.L and SPMO shifts across timeframes, from 0.46 (all time) to 0.58 (1 year), reflecting how their relationship changes across market environments.

IFSW.L vs. SPMO - Sectors Allocation Comparison

Sectors
IFSW.L
SPMO

Technology

31.9%
52.6%

Financial Services

19.3%
5.9%

Consumer Cyclical

10.7%
1.3%

Communication Services

8.0%
9.2%

Healthcare

7.7%
6.7%

Industrials

7.3%
11.3%

Consumer Defensive

5.7%
4.3%

Energy

3.9%
3.4%

Basic Materials

2.2%
1.6%

Utilities

2.1%
2.8%

Real Estate

0.9%
1.0%

Technology

IFSW.L
31.9%
SPMO
52.6%

Financial Services

IFSW.L
19.3%
SPMO
5.9%

Consumer Cyclical

IFSW.L
10.7%
SPMO
1.3%

Communication Services

IFSW.L
8.0%
SPMO
9.2%

Healthcare

IFSW.L
7.7%
SPMO
6.7%

Industrials

IFSW.L
7.3%
SPMO
11.3%

Consumer Defensive

IFSW.L
5.7%
SPMO
4.3%

Energy

IFSW.L
3.9%
SPMO
3.4%

Basic Materials

IFSW.L
2.2%
SPMO
1.6%

Utilities

IFSW.L
2.1%
SPMO
2.8%

Real Estate

IFSW.L
0.9%
SPMO
1.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Edge MSCI World Multifactor UCITS

Invesco S&P 500 Momentum ETF

Often compared with IFSW.L:
IFSW.L vs. JPGL.DEIFSW.L vs. GERD.DEIFSW.L vs. HWWD.LIFSW.L vs. JPGL.LIFSW.L vs. VOOIFSW.L vs. IWDA.LIFSW.L vs. QWLD
Often compared with SPMO:
SPMO vs. VOOSPMO vs. QQQSPMO vs. SCHGSPMO vs. MTUMSPMO vs. VUGSPMO vs. VFMOSPMO vs. XMMO

Return for Risk

IFSW.L vs. SPMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IFSW.L
IFSW.L Risk / Return Rank: 7777
Overall Rank
IFSW.L Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
IFSW.L Sortino Ratio Rank: 8282
Sortino Ratio Rank
IFSW.L Omega Ratio Rank: 7575
Omega Ratio Rank
IFSW.L Calmar Ratio Rank: 7474
Calmar Ratio Rank
IFSW.L Martin Ratio Rank: 8080
Martin Ratio Rank
SPMO
SPMO Risk / Return Rank: 7575
Overall Rank
SPMO Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
SPMO Sortino Ratio Rank: 7676
Sortino Ratio Rank
SPMO Omega Ratio Rank: 7575
Omega Ratio Rank
SPMO Calmar Ratio Rank: 7171
Calmar Ratio Rank
SPMO Martin Ratio Rank: 7373
Martin Ratio Rank
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.

IFSW.L vs. SPMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Multifactor UCITS (IFSW.L) and Invesco S&P 500 Momentum ETF (SPMO). 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.

IFSW.LSPMODifference
Sharpe ratioReturn per unit of total volatility
2.40
2.49

-0.09

Sortino ratioReturn per unit of downside risk
3.63
3.38

+0.25

Omega ratioGain probability vs. loss probability

1.44

1.44

-0.01

Calmar ratioReturn relative to maximum drawdown

3.69

3.47

+0.22

Martin ratioReturn relative to average drawdown

15.61

13.52

+2.09

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IFSW.L vs. SPMO - Sharpe Ratio Comparison

The current IFSW.L Sharpe Ratio is 2.40, which is comparable to the SPMO Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of IFSW.L and SPMO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IFSW.LSPMODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.40

2.49

-0.09

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.69

1.25

-0.55

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.72

1.03

-0.31

Sharpe Ratio (All Time)

Calculated using the full available price history

0.70

1.00

-0.31

Drawdowns

IFSW.L vs. SPMO - Drawdown Comparison

The maximum IFSW.L drawdown since its inception was -34.49%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for IFSW.L and SPMO.

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Drawdown Indicators

IFSW.LSPMODifference

Max Drawdown

Largest peak-to-trough decline

-34.49%

-30.95%

-3.54%

Max Drawdown (1Y)

Largest decline over 1 year

-7.99%

-12.70%

+4.71%

Max Drawdown (3Y)

Largest decline over 3 years

-15.98%

-20.13%

+4.15%

Max Drawdown (5Y)

Largest decline over 5 years

-24.41%

-22.74%

-1.67%

Max Drawdown (10Y)

Largest decline over 10 years

-34.49%

-30.95%

-3.54%

Current Drawdown

Current decline from peak

-1.00%

-1.46%

+0.46%

Average Drawdown

Average peak-to-trough decline

-5.12%

-4.60%

-0.52%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.89%

3.26%

-1.37%

Volatility

IFSW.L vs. SPMO - Volatility Comparison

The current volatility for iShares Edge MSCI World Multifactor UCITS (IFSW.L) is 3.52%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 7.39%. This indicates that IFSW.L experiences smaller price fluctuations and is considered to be less risky than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IFSW.LSPMODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.52%

7.39%

-3.87%

Volatility (6M)

Calculated over the trailing 6-month period

9.54%

14.49%

-4.95%

Volatility (1Y)

Calculated over the trailing 1-year period

12.29%

17.70%

-5.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.76%

19.30%

-3.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.19%

20.31%

-4.12%

IFSW.L vs. SPMO - Expense Ratio Comparison

IFSW.L has a 0.55% expense ratio, which is higher than SPMO's 0.13% expense ratio.

Dividends

IFSW.L vs. SPMO - Dividend Comparison

IFSW.L has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.66%.

PositionTTM20252024202320222021202020192018201720162015
IFSW.L
iShares Edge MSCI World Multifactor UCITS		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPMO
Invesco S&P 500 Momentum ETF		0.66%0.73%0.48%1.63%1.66%0.52%1.27%1.39%1.05%0.77%1.94%0.36%

Frequently Asked Questions

IFSW.L and SPMO have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SPMO is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SPMO is cheaper with a 0.13% expense ratio, compared with 0.55% for IFSW.L.

IFSW.L is categorized as Global Equities, while SPMO is Momentum. IFSW.L tracks MSCI ACWI NR USD, while SPMO tracks S&P 500 Momentum Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.55% for IFSW.L and 0.13% for SPMO.

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