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

IUMD.L vs. IWMO.L

Last updated Jun 5, 2026

IUMD.L (iShares Edge MSCI USA Momentum Factor UCITS ETF USD (Dist)) and IWMO.L (iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc)) are both Momentum funds from iShares - IUMD.L tracks the MSCI USA Momentum Index while IWMO.L tracks the MSCI World Momentum Index. Both are passively managed. Over the past 5 years, IUMD.L returned 14.09%/yr vs 13.62%/yr for IWMO.L. With a 0.95 correlation, they move nearly in lockstep. IUMD.L charges 0.20%/yr vs 0.25%/yr for IWMO.L.

Performance

IUMD.L vs. IWMO.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 World Momentum Factor UCITS ETF USD (Acc) (IWMO.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IUMD.L achieves a 29.46% return, which is significantly higher than IWMO.L's 21.89% return.

IUMD.L

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

IWMO.L

1D
-0.78%
1M
7.92%
YTD
21.89%
6M
23.38%
1Y
33.87%
3Y*
29.58%
5Y*
13.62%
10Y*
15.58%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IUMD.L vs. IWMO.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%
IWMO.L
iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc)		21.89%21.04%30.50%11.96%-17.97%14.13%28.58%27.14%-8.65%

Correlation

The correlation between IUMD.L and IWMO.L is 0.95 - 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

0.95

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

0.96

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

0.96

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

0.95

The correlation between IUMD.L and IWMO.L has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

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

Sectors
IUMD.L
IWMO.L

Technology

42.9%
26.0%

Industrials

19.2%
18.7%

Healthcare

9.6%
10.7%

Financial Services

7.3%
13.1%

Communication Services

6.7%
6.8%

Consumer Cyclical

5.1%
1.6%

Energy

2.5%
10.6%

Consumer Defensive

2.2%
1.5%

Basic Materials

1.9%
6.0%

Utilities

1.5%
3.7%

Real Estate

1.1%
1.4%

Technology

IUMD.L
42.9%
IWMO.L
26.0%

Industrials

IUMD.L
19.2%
IWMO.L
18.7%

Healthcare

IUMD.L
9.6%
IWMO.L
10.7%

Financial Services

IUMD.L
7.3%
IWMO.L
13.1%

Communication Services

IUMD.L
6.7%
IWMO.L
6.8%

Consumer Cyclical

IUMD.L
5.1%
IWMO.L
1.6%

Energy

IUMD.L
2.5%
IWMO.L
10.6%

Consumer Defensive

IUMD.L
2.2%
IWMO.L
1.5%

Basic Materials

IUMD.L
1.9%
IWMO.L
6.0%

Utilities

IUMD.L
1.5%
IWMO.L
3.7%

Real Estate

IUMD.L
1.1%
IWMO.L
1.4%

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

iShares Edge MSCI World 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 IWMO.L:
IWMO.L vs. SPYIWMO.L vs. QMOMIWMO.L vs. VWRA.LIWMO.L vs. JPGL.LIWMO.L vs. IPRV.LIWMO.L vs. IWVL.LIWMO.L vs. AVUV

Return for Risk

IUMD.L vs. IWMO.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
IWMO.L
IWMO.L Risk / Return Rank: 6060
Overall Rank
IWMO.L Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
IWMO.L Sortino Ratio Rank: 6161
Sortino Ratio Rank
IWMO.L Omega Ratio Rank: 5656
Omega Ratio Rank
IWMO.L Calmar Ratio Rank: 6060
Calmar Ratio Rank
IWMO.L Martin Ratio Rank: 6969
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. IWMO.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 World Momentum Factor UCITS ETF USD (Acc) (IWMO.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.LIWMO.LDifference
Sharpe ratioReturn per unit of total volatility
2.02
1.85

+0.16

Sortino ratioReturn per unit of downside risk
2.98
2.81

+0.17

Omega ratioGain probability vs. loss probability

1.36

1.34

+0.02

Calmar ratioReturn relative to maximum drawdown

3.69

2.90

+0.79

Martin ratioReturn relative to average drawdown

14.47

12.73

+1.73

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. IWMO.L - Sharpe Ratio Comparison

The current IUMD.L Sharpe Ratio is 2.02, which is comparable to the IWMO.L Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of IUMD.L and IWMO.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.LIWMO.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.02

1.85

+0.16

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.72

0.74

-0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.86

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.71

0.80

-0.09

Drawdowns

IUMD.L vs. IWMO.L - Drawdown Comparison

The maximum IUMD.L drawdown since its inception was -33.67%, which is greater than IWMO.L's maximum drawdown of -31.52%. Use the drawdown chart below to compare losses from any high point for IUMD.L and IWMO.L.

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Drawdown Indicators

IUMD.LIWMO.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.67%

-31.52%

-2.15%

Max Drawdown (1Y)

Largest decline over 1 year

-10.63%

-11.61%

+0.98%

Max Drawdown (3Y)

Largest decline over 3 years

-21.57%

-19.40%

-2.17%

Max Drawdown (5Y)

Largest decline over 5 years

-31.87%

-29.63%

-2.24%

Max Drawdown (10Y)

Largest decline over 10 years

—

-31.52%

—

Current Drawdown

Current decline from peak

-1.92%

-0.78%

-1.14%

Average Drawdown

Average peak-to-trough decline

-8.75%

-6.03%

-2.72%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.71%

2.65%

+0.06%

Volatility

IUMD.L vs. IWMO.L - Volatility Comparison

iShares Edge MSCI USA Momentum Factor UCITS ETF USD (Dist) (IUMD.L) has a higher volatility of 8.70% compared to iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc) (IWMO.L) at 6.56%. This indicates that IUMD.L's price experiences larger fluctuations and is considered to be riskier than IWMO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IUMD.LIWMO.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.70%

6.56%

+2.14%

Volatility (6M)

Calculated over the trailing 6-month period

16.78%

15.84%

+0.94%

Volatility (1Y)

Calculated over the trailing 1-year period

19.45%

18.21%

+1.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.62%

18.50%

+1.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.47%

18.01%

+2.46%

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

IUMD.L has a 0.20% expense ratio, which is lower than IWMO.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IUMD.L vs. IWMO.L - Dividend Comparison

IUMD.L's dividend yield for the trailing twelve months is around 0.67%, while IWMO.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%
IWMO.L
iShares Edge MSCI World 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 0.95, IUMD.L and IWMO.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.

On fees, IUMD.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IUMD.L is cheaper with a 0.20% expense ratio, compared with 0.25% for IWMO.L.

IUMD.L tracks MSCI USA Momentum Index, while IWMO.L tracks MSCI World Momentum Index. Their fees differ too: 0.20% for IUMD.L and 0.25% for IWMO.L.

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