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IUMD.L vs. IUMO.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IUMD.L vs. IUMO.L

Last updated Jun 5, 2026

IUMD.L (iShares Edge MSCI USA Momentum Factor UCITS ETF USD (Dist)) and IUMO.L (iShares Edge MSCI USA Momentum Factor UCITS ETF USD Acc) are both Momentum funds from iShares tracking the MSCI USA Momentum Index. Both are passively managed. Over the past 5 years, IUMD.L returned 14.09%/yr vs 14.09%/yr for IUMO.L. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.20% expense ratio.

Performance

IUMD.L vs. IUMO.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Edge MSCI USA Momentum Factor UCITS ETF USD (Dist) (IUMD.L) and iShares Edge MSCI USA Momentum Factor UCITS ETF USD Acc (IUMO.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with IUMD.L having a 29.46% return and IUMO.L slightly higher at 29.52%.

IUMD.L

1D
-1.92%
1M
11.97%
YTD
29.46%
6M
29.72%
1Y
39.40%
3Y*
32.20%
5Y*
14.09%
10Y*
—

IUMO.L

1D
-1.94%
1M
12.05%
YTD
29.52%
6M
29.75%
1Y
39.37%
3Y*
32.22%
5Y*
14.09%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IUMD.L vs. IUMO.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
IUMD.L
iShares Edge MSCI USA Momentum Factor UCITS ETF USD (Dist)		29.46%17.13%32.70%9.78%-18.13%12.60%29.52%27.26%-8.17%
IUMO.L
iShares Edge MSCI USA Momentum Factor UCITS ETF USD Acc		29.52%17.81%31.88%9.83%-18.15%12.60%29.61%28.49%-9.11%

Correlation

The correlation between IUMD.L and IUMO.L is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.99

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

0.99

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

0.99

Correlation (All Time)
Calculated using the full available price history since Feb 26, 2018

0.97

The correlation between IUMD.L and IUMO.L has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.

IUMD.L vs. IUMO.L - Sectors Allocation Comparison

Sectors
IUMD.L
IUMO.L

Technology

42.9%
42.9%

Industrials

19.2%
19.2%

Healthcare

9.6%
9.6%

Financial Services

7.3%
7.3%

Communication Services

6.7%
6.7%

Consumer Cyclical

5.1%
5.1%

Energy

2.5%
2.5%

Consumer Defensive

2.2%
2.2%

Basic Materials

1.9%
1.9%

Utilities

1.5%
1.5%

Real Estate

1.1%
1.1%

Technology

IUMD.L
42.9%
IUMO.L
42.9%

Industrials

IUMD.L
19.2%
IUMO.L
19.2%

Healthcare

IUMD.L
9.6%
IUMO.L
9.6%

Financial Services

IUMD.L
7.3%
IUMO.L
7.3%

Communication Services

IUMD.L
6.7%
IUMO.L
6.7%

Consumer Cyclical

IUMD.L
5.1%
IUMO.L
5.1%

Energy

IUMD.L
2.5%
IUMO.L
2.5%

Consumer Defensive

IUMD.L
2.2%
IUMO.L
2.2%

Basic Materials

IUMD.L
1.9%
IUMO.L
1.9%

Utilities

IUMD.L
1.5%
IUMO.L
1.5%

Real Estate

IUMD.L
1.1%
IUMO.L
1.1%

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iShares Edge MSCI USA Momentum Factor UCITS ETF USD (Dist)

iShares Edge MSCI USA Momentum Factor UCITS ETF USD Acc

Often compared with IUMD.L:
IUMD.L vs. IUMF.LIUMD.L vs. IWFM.LIUMD.L vs. JMOMIUMD.L vs. SPMOIUMD.L vs. SCHGIUMD.L vs. IITU.LIUMD.L vs. SPHQ
Often compared with IUMO.L:
IUMO.L vs. SPMOIUMO.L vs. IWMO.LIUMO.L vs. CSPX.LIUMO.L vs. CSKR.LIUMO.L vs. SWRD.LIUMO.L vs. R1GB.LIUMO.L vs. VOO

Return for Risk

IUMD.L vs. IUMO.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IUMD.L
IUMD.L Risk / Return Rank: 6767
Overall Rank
IUMD.L Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
IUMD.L Sortino Ratio Rank: 6565
Sortino Ratio Rank
IUMD.L Omega Ratio Rank: 6060
Omega Ratio Rank
IUMD.L Calmar Ratio Rank: 7474
Calmar Ratio Rank
IUMD.L Martin Ratio Rank: 7777
Martin Ratio Rank
IUMO.L
IUMO.L Risk / Return Rank: 6868
Overall Rank
IUMO.L Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
IUMO.L Sortino Ratio Rank: 6666
Sortino Ratio Rank
IUMO.L Omega Ratio Rank: 6161
Omega Ratio Rank
IUMO.L Calmar Ratio Rank: 7474
Calmar Ratio Rank
IUMO.L Martin Ratio Rank: 7676
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.

IUMD.L vs. IUMO.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Momentum Factor UCITS ETF USD (Dist) (IUMD.L) and iShares Edge MSCI USA Momentum Factor UCITS ETF USD Acc (IUMO.L). 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.

IUMD.LIUMO.LDifference
Sharpe ratioReturn per unit of total volatility
2.02
2.02

-0.01

Sortino ratioReturn per unit of downside risk
2.98
3.00

-0.02

Omega ratioGain probability vs. loss probability

1.36

1.37

0.00

Calmar ratioReturn relative to maximum drawdown

3.69

3.68

+0.01

Martin ratioReturn relative to average drawdown

14.47

14.44

+0.03

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

IUMD.L vs. IUMO.L - Sharpe Ratio Comparison

The current IUMD.L Sharpe Ratio is 2.02, which is comparable to the IUMO.L Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of IUMD.L and IUMO.L, 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

IUMD.LIUMO.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.02

2.02

-0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.72

0.72

0.00

Sharpe Ratio (All Time)

Calculated using the full available price history

0.71

0.96

-0.25

Drawdowns

IUMD.L vs. IUMO.L - Drawdown Comparison

The maximum IUMD.L drawdown since its inception was -33.67%, roughly equal to the maximum IUMO.L drawdown of -33.75%. Use the drawdown chart below to compare losses from any high point for IUMD.L and IUMO.L.

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Drawdown Indicators

IUMD.LIUMO.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.67%

-33.75%

+0.08%

Max Drawdown (1Y)

Largest decline over 1 year

-10.63%

-10.60%

-0.03%

Max Drawdown (3Y)

Largest decline over 3 years

-21.57%

-21.01%

-0.56%

Max Drawdown (5Y)

Largest decline over 5 years

-31.87%

-31.98%

+0.11%

Current Drawdown

Current decline from peak

-1.92%

-1.94%

+0.02%

Average Drawdown

Average peak-to-trough decline

-8.75%

-8.46%

-0.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.71%

2.70%

+0.01%

Volatility

IUMD.L vs. IUMO.L - Volatility Comparison

iShares Edge MSCI USA Momentum Factor UCITS ETF USD (Dist) (IUMD.L) and iShares Edge MSCI USA Momentum Factor UCITS ETF USD Acc (IUMO.L) have volatilities of 8.70% and 8.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IUMD.LIUMO.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.70%

8.41%

+0.29%

Volatility (6M)

Calculated over the trailing 6-month period

16.78%

16.63%

+0.15%

Volatility (1Y)

Calculated over the trailing 1-year period

19.45%

19.28%

+0.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.62%

19.58%

+0.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.47%

20.53%

-0.06%

IUMD.L vs. IUMO.L - Expense Ratio Comparison

Both IUMD.L and IUMO.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

IUMD.L vs. IUMO.L - Dividend Comparison

IUMD.L's dividend yield for the trailing twelve months is around 0.67%, while IUMO.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018
IUMD.L
iShares Edge MSCI USA Momentum Factor UCITS ETF USD (Dist)		0.67%0.87%0.50%1.14%1.41%0.40%0.67%1.13%0.85%
IUMO.L
iShares Edge MSCI USA Momentum Factor UCITS ETF USD Acc		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.99, IUMD.L and IUMO.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

IUMD.L and IUMO.L have the same expense ratio: 0.20% per year.

Both ETFs track MSCI USA Momentum Index.

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