IUMD.L vs. XWEM.L
IUMD.L (iShares Edge MSCI USA Momentum Factor UCITS ETF USD (Dist)) and XWEM.L (Xtrackers MSCI World Momentum ESG UCITS ETF 1C) are both exchange-traded funds - IUMD.L is a Momentum fund tracking the MSCI USA Momentum Index, while XWEM.L is a Global Equities fund tracking the MSCI World Momentum Low Carbon SRI Screened Select. Both are passively managed. Over the past year, IUMD.L returned 44.74% vs 35.63% for XWEM.L. Their correlation of 0.92 suggests significant overlap in exposure. IUMD.L charges 0.20%/yr vs 0.25%/yr for XWEM.L.
Performance
IUMD.L vs. XWEM.L - Performance Comparison
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Returns By Period
In the year-to-date period, IUMD.L achieves a 35.14% return, which is significantly higher than XWEM.L's 21.90% return.
IUMD.L
- 1D
- 1.62%
- 1M
- 7.76%
- YTD
- 35.14%
- 6M
- 33.35%
- 1Y
- 44.74%
- 3Y*
- 33.33%
- 5Y*
- 14.78%
- 10Y*
- —
XWEM.L
- 1D
- 0.00%
- 1M
- 2.82%
- YTD
- 21.90%
- 6M
- 21.23%
- 1Y
- 35.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IUMD.L vs. XWEM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IUMD.L iShares Edge MSCI USA Momentum Factor UCITS ETF USD (Dist) | 35.14% | 17.15% | 32.76% | 10.23% |
XWEM.L Xtrackers MSCI World Momentum ESG UCITS ETF 1C | 21.90% | 21.57% | 28.83% | 9.50% |
Correlation
The correlation between IUMD.L and XWEM.L is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2023 | 0.92 |
The correlation between IUMD.L and XWEM.L has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.
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Return for Risk
IUMD.L vs. XWEM.L — Risk / Return Rank
IUMD.L
XWEM.L
IUMD.L vs. XWEM.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 Xtrackers MSCI World Momentum ESG UCITS ETF 1C (XWEM.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IUMD.L | XWEM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.37 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.17 | 3.01 | +1.16 |
| Martin ratioReturn relative to average drawdown | 15.76 | 12.91 | +2.85 |
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Drawdowns
IUMD.L vs. XWEM.L - Drawdown Comparison
The maximum IUMD.L drawdown since its inception was -33.70%, which is greater than XWEM.L's maximum drawdown of -19.12%. Use the drawdown chart below to compare losses from any high point for IUMD.L and XWEM.L.
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Drawdown Indicators
| IUMD.L | XWEM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.70% | -19.12% | -14.58% |
Max Drawdown (1Y)Largest decline over 1 year | -10.67% | -11.77% | +1.10% |
Max Drawdown (3Y)Largest decline over 3 years | -21.56% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.92% | — | — |
Current DrawdownCurrent decline from peak | -1.50% | -2.29% | +0.79% |
Average DrawdownAverage peak-to-trough decline | -8.70% | -2.21% | -6.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | 2.75% | +0.08% |
Volatility
IUMD.L vs. XWEM.L - Volatility Comparison
iShares Edge MSCI USA Momentum Factor UCITS ETF USD (Dist) (IUMD.L) has a higher volatility of 8.96% compared to Xtrackers MSCI World Momentum ESG UCITS ETF 1C (XWEM.L) at 5.85%. This indicates that IUMD.L's price experiences larger fluctuations and is considered to be riskier than XWEM.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.L | XWEM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.96% | 5.85% | +3.11% |
Volatility (6M)Calculated over the trailing 6-month period | 18.16% | 15.18% | +2.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.81% | 17.75% | +3.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.92% | 17.39% | +2.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.59% | 17.39% | +3.20% |
IUMD.L vs. XWEM.L - Expense Ratio Comparison
IUMD.L has a 0.20% expense ratio, which is lower than XWEM.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. XWEM.L - Dividend Comparison
IUMD.L's dividend yield for the trailing twelve months is around 0.49%, while XWEM.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IUMD.L iShares Edge MSCI USA Momentum Factor UCITS ETF USD (Dist) | 0.49% | 0.87% | 0.50% | 1.14% | 1.41% | 0.40% | 0.67% | 1.13% | 0.85% |
XWEM.L Xtrackers MSCI World Momentum ESG UCITS ETF 1C | 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 0.91, IUMD.L and XWEM.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 XWEM.L.
IUMD.L is categorized as Momentum, while XWEM.L is Global Equities. IUMD.L tracks MSCI USA Momentum Index, while XWEM.L tracks MSCI World Momentum Low Carbon SRI Screened Select. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.20% for IUMD.L and 0.25% for XWEM.L.
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