IS3Q.DE vs. IWMO.MI
IS3Q.DE (iShares Edge MSCI World Quality Factor UCITS ETF (Acc)) and IWMO.MI (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) are both exchange-traded funds - IS3Q.DE is a Global Equities fund tracking the MSCI World Sector Neutral Quality, while IWMO.MI is a Momentum fund tracking the MSCI World Momentum Index. Both are passively managed. Over the past 10 years, IS3Q.DE returned 12.23%/yr vs 15.82%/yr for IWMO.MI. A 0.80 correlation means they provide meaningful diversification when combined. IS3Q.DE charges 0.30%/yr vs 0.25%/yr for IWMO.MI.
Performance
IS3Q.DE vs. IWMO.MI - Performance Comparison
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Returns By Period
In the year-to-date period, IS3Q.DE achieves a 10.95% return, which is significantly lower than IWMO.MI's 28.49% return. Over the past 10 years, IS3Q.DE has underperformed IWMO.MI with an annualized return of 12.23%, while IWMO.MI has yielded a comparatively higher 15.82% annualized return.
IS3Q.DE
- 1D
- -0.01%
- 1M
- 2.74%
- YTD
- 10.95%
- 6M
- 11.72%
- 1Y
- 23.43%
- 3Y*
- 15.54%
- 5Y*
- 11.31%
- 10Y*
- 12.23%
IWMO.MI
- 1D
- 0.00%
- 1M
- 10.00%
- YTD
- 28.49%
- 6M
- 29.76%
- 1Y
- 40.92%
- 3Y*
- 27.77%
- 5Y*
- 15.92%
- 10Y*
- 15.82%
IS3Q.DE vs. IWMO.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3Q.DE iShares Edge MSCI World Quality Factor UCITS ETF (Acc) | 10.95% | 2.80% | 23.78% | 21.69% | -14.83% | 34.27% | 4.44% | 33.94% | -3.47% | 8.34% |
IWMO.MI iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) | 28.49% | 8.04% | 39.23% | 7.91% | -13.96% | 24.82% | 17.08% | 31.14% | 0.40% | 16.05% |
Correlation
The correlation between IS3Q.DE and IWMO.MI is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2015 | 0.80 |
The correlation between IS3Q.DE and IWMO.MI shifts across timeframes, from 0.73 (1 year) to 0.84 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IS3Q.DE vs. IWMO.MI — Risk / Return Rank
IS3Q.DE
IWMO.MI
IS3Q.DE vs. IWMO.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Quality Factor UCITS ETF (Acc) (IS3Q.DE) and iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWMO.MI). 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.
| IS3Q.DE | IWMO.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.42 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.73 | 4.63 | -0.90 |
| Martin ratioReturn relative to average drawdown | 15.46 | 17.78 | -2.32 |
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Drawdowns
IS3Q.DE vs. IWMO.MI - Drawdown Comparison
The maximum IS3Q.DE drawdown since its inception was -32.30%, roughly equal to the maximum IWMO.MI drawdown of -31.03%. Use the drawdown chart below to compare losses from any high point for IS3Q.DE and IWMO.MI.
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Drawdown Indicators
| IS3Q.DE | IWMO.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.30% | -31.03% | -1.27% |
Max Drawdown (1Y)Largest decline over 1 year | -6.33% | -9.04% | +2.71% |
Max Drawdown (3Y)Largest decline over 3 years | -20.63% | -23.45% | +2.82% |
Max Drawdown (5Y)Largest decline over 5 years | -20.63% | -23.45% | +2.82% |
Max Drawdown (10Y)Largest decline over 10 years | -32.30% | -31.03% | -1.27% |
Current DrawdownCurrent decline from peak | -0.13% | 0.00% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -6.25% | -5.84% | -0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 2.34% | -0.81% |
Volatility
IS3Q.DE vs. IWMO.MI - Volatility Comparison
The current volatility for iShares Edge MSCI World Quality Factor UCITS ETF (Acc) (IS3Q.DE) is 2.32%, while iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWMO.MI) has a volatility of 6.16%. This indicates that IS3Q.DE experiences smaller price fluctuations and is considered to be less risky than IWMO.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3Q.DE | IWMO.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.32% | 6.16% | -3.84% |
Volatility (6M)Calculated over the trailing 6-month period | 7.44% | 14.99% | -7.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.69% | 17.76% | -7.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.15% | 17.47% | -3.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.82% | 17.63% | -1.81% |
IS3Q.DE vs. IWMO.MI - Expense Ratio Comparison
IS3Q.DE has a 0.30% expense ratio, which is higher than IWMO.MI's 0.25% expense ratio.
Dividends
IS3Q.DE vs. IWMO.MI - Dividend Comparison
Neither IS3Q.DE nor IWMO.MI has paid dividends to shareholders.
Frequently Asked Questions
IS3Q.DE and IWMO.MI have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWMO.MI is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWMO.MI is cheaper with a 0.25% expense ratio, compared with 0.30% for IS3Q.DE.
IS3Q.DE is categorized as Global Equities, while IWMO.MI is Momentum. IS3Q.DE tracks MSCI World Sector Neutral Quality, while IWMO.MI tracks MSCI World Momentum Index. Their fees differ too: 0.30% for IS3Q.DE and 0.25% for IWMO.MI.
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