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

IUMD.L vs. SWDA.L

Last updated Jun 5, 2026

IUMD.L (iShares Edge MSCI USA Momentum Factor UCITS ETF USD (Dist)) and SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - IUMD.L is a Momentum fund tracking the MSCI USA Momentum Index, while SWDA.L is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 5 years, IUMD.L returned 14.09%/yr vs 11.87%/yr for SWDA.L. A 0.79 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.

Performance

IUMD.L vs. SWDA.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 Core MSCI World UCITS ETF USD (Acc) (SWDA.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IUMD.L is traded in USD, while SWDA.L is traded in GBp. To make them comparable, the SWDA.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IUMD.L achieves a 29.46% return, which is significantly higher than SWDA.L's 9.81% 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*
—

SWDA.L

1D
0.20%
1M
4.22%
YTD
9.81%
6M
11.17%
1Y
26.04%
3Y*
20.71%
5Y*
11.87%
10Y*
13.08%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IUMD.L vs. SWDA.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%
SWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		9.81%21.14%19.09%23.79%-18.13%22.52%15.68%27.97%-9.95%

Correlation

The correlation between IUMD.L and SWDA.L is 0.76, 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

0.76

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

0.80

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

0.79

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

0.79

The correlation between IUMD.L and SWDA.L has been stable across timeframes, ranging from 0.76 to 0.80 - a consistent structural relationship.

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

Sectors
IUMD.L
SWDA.L

Technology

42.9%
30.0%

Industrials

19.2%
10.9%

Healthcare

9.6%
8.7%

Financial Services

7.3%
15.4%

Communication Services

6.7%
9.2%

Consumer Cyclical

5.1%
9.0%

Energy

2.5%
4.2%

Consumer Defensive

2.2%
5.2%

Basic Materials

1.9%
3.2%

Utilities

1.5%
2.5%

Real Estate

1.1%
1.8%

Technology

IUMD.L
42.9%
SWDA.L
30.0%

Industrials

IUMD.L
19.2%
SWDA.L
10.9%

Healthcare

IUMD.L
9.6%
SWDA.L
8.7%

Financial Services

IUMD.L
7.3%
SWDA.L
15.4%

Communication Services

IUMD.L
6.7%
SWDA.L
9.2%

Consumer Cyclical

IUMD.L
5.1%
SWDA.L
9.0%

Energy

IUMD.L
2.5%
SWDA.L
4.2%

Consumer Defensive

IUMD.L
2.2%
SWDA.L
5.2%

Basic Materials

IUMD.L
1.9%
SWDA.L
3.2%

Utilities

IUMD.L
1.5%
SWDA.L
2.5%

Real Estate

IUMD.L
1.1%
SWDA.L
1.8%

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

iShares Core MSCI World 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 SWDA.L:
SWDA.L vs. IWDA.LSWDA.L vs. VWRP.LSWDA.L vs. VWCE.DESWDA.L vs. SPYSWDA.L vs. IUSQ.DESWDA.L vs. EUN.LSWDA.L vs. VOO

Return for Risk

IUMD.L vs. SWDA.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
SWDA.L
SWDA.L Risk / Return Rank: 8383
Overall Rank
SWDA.L Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
SWDA.L Sortino Ratio Rank: 8383
Sortino Ratio Rank
SWDA.L Omega Ratio Rank: 8484
Omega Ratio Rank
SWDA.L Calmar Ratio Rank: 8181
Calmar Ratio Rank
SWDA.L Martin Ratio Rank: 8383
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. SWDA.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 Core MSCI World UCITS ETF USD (Acc) (SWDA.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.LSWDA.LDifference
Sharpe ratioReturn per unit of total volatility
2.02
2.27

-0.26

Sortino ratioReturn per unit of downside risk
2.98
3.37

-0.39

Omega ratioGain probability vs. loss probability

1.36

1.41

-0.05

Calmar ratioReturn relative to maximum drawdown

3.69

3.02

+0.67

Martin ratioReturn relative to average drawdown

14.47

13.29

+1.18

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. SWDA.L - Sharpe Ratio Comparison

The current IUMD.L Sharpe Ratio is 2.02, which is comparable to the SWDA.L Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of IUMD.L and SWDA.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.LSWDA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.02

2.27

-0.26

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.72

0.78

-0.06

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.83

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.71

0.73

-0.01

Drawdowns

IUMD.L vs. SWDA.L - Drawdown Comparison

The maximum IUMD.L drawdown since its inception was -33.67%, roughly equal to the maximum SWDA.L drawdown of -33.62%. Use the drawdown chart below to compare losses from any high point for IUMD.L and SWDA.L.

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Drawdown Indicators

IUMD.LSWDA.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.67%

-33.62%

-0.05%

Max Drawdown (1Y)

Largest decline over 1 year

-10.63%

-8.59%

-2.04%

Max Drawdown (3Y)

Largest decline over 3 years

-21.57%

-17.07%

-4.50%

Max Drawdown (5Y)

Largest decline over 5 years

-31.87%

-26.50%

-5.37%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.62%

—

Current Drawdown

Current decline from peak

-1.92%

-0.42%

-1.50%

Average Drawdown

Average peak-to-trough decline

-8.75%

-4.58%

-4.17%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.71%

1.95%

+0.76%

Volatility

IUMD.L vs. SWDA.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 Core MSCI World UCITS ETF USD (Acc) (SWDA.L) at 2.81%. This indicates that IUMD.L's price experiences larger fluctuations and is considered to be riskier than SWDA.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.LSWDA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.70%

2.81%

+5.89%

Volatility (6M)

Calculated over the trailing 6-month period

16.78%

8.58%

+8.20%

Volatility (1Y)

Calculated over the trailing 1-year period

19.45%

11.41%

+8.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.62%

15.30%

+4.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.47%

15.73%

+4.74%

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

Both IUMD.L and SWDA.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. SWDA.L - Dividend Comparison

IUMD.L's dividend yield for the trailing twelve months is around 0.67%, while SWDA.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%
SWDA.L
iShares Core MSCI World 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

IUMD.L and SWDA.L have a correlation of 0.76, 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 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

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

IUMD.L is categorized as Momentum, while SWDA.L is Global Equities. IUMD.L tracks MSCI USA Momentum Index, while SWDA.L tracks MSCI World Index.

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