IS3R.DE vs. MJMT.DE
IS3R.DE (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) and MJMT.DE (Amundi MSCI Europe Momentum Factor UCITS ETF EUR) are both Momentum funds - IS3R.DE tracks the MSCI World Momentum Index while MJMT.DE tracks the MSCI Europe Momentum Index. Both are passively managed. Over the past 5 years, IS3R.DE returned 14.66%/yr vs 11.41%/yr for MJMT.DE. A 0.78 correlation means they provide meaningful diversification when combined. IS3R.DE charges 0.25%/yr vs 0.23%/yr for MJMT.DE.
Performance
IS3R.DE vs. MJMT.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3R.DE achieves a 22.51% return, which is significantly higher than MJMT.DE's 8.02% return.
IS3R.DE
- 1D
- -1.01%
- 1M
- 6.72%
- YTD
- 22.51%
- 6M
- 23.47%
- 1Y
- 31.36%
- 3Y*
- 26.05%
- 5Y*
- 14.66%
- 10Y*
- 15.31%
MJMT.DE
- 1D
- 0.03%
- 1M
- 1.15%
- YTD
- 8.02%
- 6M
- 12.09%
- 1Y
- 17.13%
- 3Y*
- 20.41%
- 5Y*
- 11.41%
- 10Y*
- —
IS3R.DE vs. MJMT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3R.DE iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) | 22.51% | 8.37% | 37.95% | 8.09% | -13.60% | 24.50% | 16.41% | 31.50% | 0.27% | 16.07% |
MJMT.DE Amundi MSCI Europe Momentum Factor UCITS ETF EUR | 8.02% | 27.24% | 19.93% | 13.04% | -15.57% | 22.09% | 10.97% | 31.75% | -10.54% | 11.30% |
Correlation
The correlation between IS3R.DE and MJMT.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2016 | 0.78 |
The correlation between IS3R.DE and MJMT.DE has been stable across timeframes, ranging from 0.71 to 0.78 - a consistent structural relationship.
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Return for Risk
IS3R.DE vs. MJMT.DE — Risk / Return Rank
IS3R.DE
MJMT.DE
IS3R.DE vs. MJMT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IS3R.DE) and Amundi MSCI Europe Momentum Factor UCITS ETF EUR (MJMT.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.
| IS3R.DE | MJMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.19 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 1.51 | +1.97 |
| Martin ratioReturn relative to average drawdown | 13.30 | 5.64 | +7.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IS3R.DE | MJMT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 1.03 | +0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.69 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.70 | +0.15 |
Drawdowns
IS3R.DE vs. MJMT.DE - Drawdown Comparison
The maximum IS3R.DE drawdown since its inception was -30.77%, roughly equal to the maximum MJMT.DE drawdown of -31.35%. Use the drawdown chart below to compare losses from any high point for IS3R.DE and MJMT.DE.
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Drawdown Indicators
| IS3R.DE | MJMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.77% | -31.35% | +0.58% |
Max Drawdown (1Y)Largest decline over 1 year | -9.01% | -11.56% | +2.55% |
Max Drawdown (3Y)Largest decline over 3 years | -23.57% | -15.62% | -7.95% |
Max Drawdown (5Y)Largest decline over 5 years | -23.57% | -23.84% | +0.27% |
Max Drawdown (10Y)Largest decline over 10 years | -30.77% | — | — |
Current DrawdownCurrent decline from peak | -1.01% | -1.36% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -5.67% | -5.33% | -0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 3.10% | -0.74% |
Volatility
IS3R.DE vs. MJMT.DE - Volatility Comparison
iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IS3R.DE) has a higher volatility of 5.96% compared to Amundi MSCI Europe Momentum Factor UCITS ETF EUR (MJMT.DE) at 4.49%. This indicates that IS3R.DE's price experiences larger fluctuations and is considered to be riskier than MJMT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3R.DE | MJMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.96% | 4.49% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 14.33% | 14.45% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.01% | 16.95% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.32% | 16.32% | +1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.23% | 16.24% | +0.99% |
IS3R.DE vs. MJMT.DE - Expense Ratio Comparison
IS3R.DE has a 0.25% expense ratio, which is higher than MJMT.DE's 0.23% 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
IS3R.DE vs. MJMT.DE - Dividend Comparison
Neither IS3R.DE nor MJMT.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3R.DE and MJMT.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MJMT.DE is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MJMT.DE is cheaper with a 0.23% expense ratio, compared with 0.25% for IS3R.DE.
IS3R.DE tracks MSCI World Momentum Index, while MJMT.DE tracks MSCI Europe Momentum Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.25% for IS3R.DE and 0.23% for MJMT.DE.
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