IUAA.L vs. IWMO.MI
IUAA.L (iShares US Aggregate Bond UCITS ETF USD Acc) and IWMO.MI (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) are both exchange-traded funds - IUAA.L is a Total Bond Market fund tracking the Bloomberg US Aggregate Bond Index, while IWMO.MI is a Momentum fund tracking the MSCI World Momentum Index. Both are passively managed. Over the past 5 years, IUAA.L returned -0.05%/yr vs 13.61%/yr for IWMO.MI. At a 0.03 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.
Performance
IUAA.L vs. IWMO.MI - Performance Comparison
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Different Trading Currencies
IUAA.L is traded in USD, while IWMO.MI is traded in EUR. To make them comparable, the IWMO.MI values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IUAA.L achieves a -0.10% return, which is significantly lower than IWMO.MI's 21.10% return.
IUAA.L
- 1D
- 0.33%
- 1M
- 0.12%
- YTD
- -0.10%
- 6M
- 0.49%
- 1Y
- 4.66%
- 3Y*
- 3.74%
- 5Y*
- -0.05%
- 10Y*
- —
IWMO.MI
- 1D
- -0.78%
- 1M
- 7.99%
- YTD
- 21.10%
- 6M
- 23.40%
- 1Y
- 33.86%
- 3Y*
- 29.59%
- 5Y*
- 13.61%
- 10Y*
- 15.57%
IUAA.L vs. IWMO.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUAA.L iShares US Aggregate Bond UCITS ETF USD Acc | -0.10% | 7.27% | 1.28% | 4.87% | -12.82% | -2.02% | 7.08% | 8.70% | -0.38% | 1.62% |
IWMO.MI iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) | 21.10% | 21.97% | 31.27% | 11.32% | -18.70% | 14.97% | 28.52% | 28.37% | -4.32% | 22.45% |
Correlation
The correlation between IUAA.L and IWMO.MI is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2017 | 0.03 |
Over the past year, IUAA.L and IWMO.MI have become more correlated (0.24) than their long-term average of 0.03, meaning their price movements have been converging.
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Return for Risk
IUAA.L vs. IWMO.MI — Risk / Return Rank
IUAA.L
IWMO.MI
IUAA.L vs. IWMO.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US Aggregate Bond UCITS ETF USD Acc (IUAA.L) 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.
| IUAA.L | IWMO.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.34 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 2.93 | -1.40 |
| Martin ratioReturn relative to average drawdown | 4.92 | 12.29 | -7.37 |
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
| IUAA.L | IWMO.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 1.89 | -0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.73 | -0.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.82 | -0.53 |
Drawdowns
IUAA.L vs. IWMO.MI - Drawdown Comparison
The maximum IUAA.L drawdown since its inception was -19.02%, smaller than the maximum IWMO.MI drawdown of -31.52%. Use the drawdown chart below to compare losses from any high point for IUAA.L and IWMO.MI.
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Drawdown Indicators
| IUAA.L | IWMO.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.02% | -31.52% | +12.50% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | -11.57% | +8.54% |
Max Drawdown (3Y)Largest decline over 3 years | -5.90% | -19.85% | +13.95% |
Max Drawdown (5Y)Largest decline over 5 years | -18.11% | -29.89% | +11.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.52% | — |
Current DrawdownCurrent decline from peak | -3.38% | -0.78% | -2.60% |
Average DrawdownAverage peak-to-trough decline | -5.58% | -6.48% | +0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 2.76% | -1.81% |
Volatility
IUAA.L vs. IWMO.MI - Volatility Comparison
The current volatility for iShares US Aggregate Bond UCITS ETF USD Acc (IUAA.L) is 1.61%, while iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWMO.MI) has a volatility of 6.15%. This indicates that IUAA.L 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
| IUAA.L | IWMO.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 6.15% | -4.54% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 15.30% | -12.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.91% | 17.89% | -13.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.99% | 18.39% | -12.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.30% | 18.23% | -12.93% |
IUAA.L vs. IWMO.MI - Expense Ratio Comparison
Both IUAA.L and IWMO.MI 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
IUAA.L vs. IWMO.MI - Dividend Comparison
Neither IUAA.L nor IWMO.MI has paid dividends to shareholders.
Frequently Asked Questions
IUAA.L and IWMO.MI have a correlation of 0.24, 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.
IUAA.L and IWMO.MI have the same expense ratio: 0.25% per year.
IUAA.L is categorized as Total Bond Market, while IWMO.MI is Momentum. IUAA.L tracks Bloomberg US Aggregate Bond Index, while IWMO.MI tracks MSCI World Momentum Index.
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