ISP.MI vs. IWMO.MI
ISP.MI (Intesa Sanpaolo SpA) is a stock, while IWMO.MI (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) is Momentum fund tracking the MSCI World Momentum Index. Over the past 10 years, ISP.MI returned 19.36%/yr vs 15.31%/yr for IWMO.MI. At a 0.34 correlation, their price movements are largely independent.
Performance
ISP.MI vs. IWMO.MI - Performance Comparison
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Returns By Period
In the year-to-date period, ISP.MI achieves a -0.61% return, which is significantly lower than IWMO.MI's 22.51% return. Over the past 10 years, ISP.MI has outperformed IWMO.MI with an annualized return of 19.36%, while IWMO.MI has yielded a comparatively lower 15.31% annualized return.
ISP.MI
- 1D
- 0.83%
- 1M
- 2.17%
- YTD
- -0.61%
- 6M
- 4.75%
- 1Y
- 25.02%
- 3Y*
- 47.55%
- 5Y*
- 28.56%
- 10Y*
- 19.36%
IWMO.MI
- 1D
- -0.90%
- 1M
- 8.73%
- YTD
- 22.51%
- 6M
- 23.74%
- 1Y
- 31.60%
- 3Y*
- 26.15%
- 5Y*
- 14.68%
- 10Y*
- 15.31%
ISP.MI vs. IWMO.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISP.MI Intesa Sanpaolo SpA | -0.61% | 64.16% | 59.21% | 39.63% | -1.55% | 29.48% | -5.44% | 33.15% | -24.89% | 21.93% |
IWMO.MI iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) | 22.51% | 8.04% | 39.23% | 7.91% | -13.96% | 24.82% | 17.08% | 31.14% | 0.40% | 16.05% |
Correlation
The correlation between ISP.MI and IWMO.MI is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2015 | 0.34 |
The correlation between ISP.MI and IWMO.MI shifts across timeframes, from 0.34 (10 years) to 0.48 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ISP.MI vs. IWMO.MI — Risk / Return Rank
ISP.MI
IWMO.MI
ISP.MI vs. IWMO.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Intesa Sanpaolo SpA (ISP.MI) 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.
| ISP.MI | IWMO.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.34 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 3.50 | -2.18 |
| Martin ratioReturn relative to average drawdown | 4.19 | 13.36 | -9.16 |
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
| ISP.MI | IWMO.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 1.87 | -0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.03 | 0.84 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.90 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.80 | -0.51 |
Drawdowns
ISP.MI vs. IWMO.MI - Drawdown Comparison
The maximum ISP.MI drawdown since its inception was -81.20%, which is greater than IWMO.MI's maximum drawdown of -31.03%. Use the drawdown chart below to compare losses from any high point for ISP.MI and IWMO.MI.
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Drawdown Indicators
| ISP.MI | IWMO.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.20% | -31.03% | -50.17% |
Max Drawdown (1Y)Largest decline over 1 year | -18.96% | -9.04% | -9.92% |
Max Drawdown (3Y)Largest decline over 3 years | -21.18% | -23.45% | +2.27% |
Max Drawdown (5Y)Largest decline over 5 years | -42.70% | -23.45% | -19.25% |
Max Drawdown (10Y)Largest decline over 10 years | -51.49% | -31.03% | -20.46% |
Current DrawdownCurrent decline from peak | -3.97% | -0.90% | -3.07% |
Average DrawdownAverage peak-to-trough decline | -29.13% | -5.88% | -23.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.96% | 2.37% | +3.59% |
Volatility
ISP.MI vs. IWMO.MI - Volatility Comparison
Intesa Sanpaolo SpA (ISP.MI) has a higher volatility of 6.78% compared to iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWMO.MI) at 5.79%. This indicates that ISP.MI's price experiences larger fluctuations and is considered to be riskier 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
| ISP.MI | IWMO.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.78% | 5.79% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 18.42% | 14.18% | +4.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.65% | 16.87% | +7.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.37% | 17.29% | +10.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.87% | 17.60% | +13.27% |
Dividends
ISP.MI vs. IWMO.MI - Dividend Comparison
ISP.MI's dividend yield for the trailing twelve months is around 6.61%, while IWMO.MI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISP.MI Intesa Sanpaolo SpA | 6.61% | 6.03% | 8.34% | 8.86% | 7.35% | 9.12% | 10.04% | 8.39% | 10.46% | 6.43% | 5.77% | 2.27% |
IWMO.MI iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ISP.MI and IWMO.MI have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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