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IUMF.L vs. IUES.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IUMF.L vs. IUES.L

Last updated Jun 5, 2026

IUMF.L (iShares Edge MSCI USA Momentum Factor UCITS ETF) and IUES.L (iShares S&P 500 Energy Sector UCITS ETF USD (Acc)) are both exchange-traded funds - IUMF.L is a Momentum fund tracking the MSCI USA Momentum Index, while IUES.L is a Energy Equities fund tracking the MSCI World/Energy NR USD. Both are passively managed. Over the past 5 years, IUMF.L returned 15.33%/yr vs 21.71%/yr for IUES.L. At a 0.35 correlation, their price movements are largely independent. IUMF.L charges 0.20%/yr vs 0.15%/yr for IUES.L.

Performance

IUMF.L vs. IUES.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Edge MSCI USA Momentum Factor UCITS ETF (IUMF.L) and iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, IUMF.L achieves a 29.89% return, which is significantly lower than IUES.L's 31.41% return.

IUMF.L

1D
-1.75%
1M
13.21%
YTD
29.89%
6M
29.09%
1Y
40.90%
3Y*
28.84%
5Y*
15.33%
10Y*
—

IUES.L

1D
0.00%
1M
0.15%
YTD
31.41%
6M
28.75%
1Y
48.19%
3Y*
14.03%
5Y*
21.71%
10Y*
10.07%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IUMF.L vs. IUES.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IUMF.L
iShares Edge MSCI USA Momentum Factor UCITS ETF		29.89%9.14%34.88%3.73%-8.43%14.11%25.03%23.31%2.39%24.77%
IUES.L
iShares S&P 500 Energy Sector UCITS ETF USD (Acc)		30.98%1.99%5.69%-5.60%83.32%53.38%-35.31%4.67%-13.27%-9.73%

Correlation

The correlation between IUMF.L and IUES.L is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

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

-0.09

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

0.15

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

0.32

Correlation (All Time)
Calculated using the full available price history since Oct 18, 2016

0.35

The correlation between IUMF.L and IUES.L shifts across timeframes, from -0.09 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.

IUMF.L vs. IUES.L - Sectors Allocation Comparison

Sectors
IUMF.L
IUES.L

Technology

42.9%

-

Industrials

19.2%

-

Healthcare

9.6%

-

Financial Services

7.3%

-

Communication Services

6.7%

-

Consumer Cyclical

5.1%

-

Energy

2.5%
100.0%

Consumer Defensive

2.2%

-

Basic Materials

1.9%

-

Utilities

1.5%

-

Real Estate

1.1%

-

Technology

IUMF.L
42.9%
IUES.L

-

Industrials

IUMF.L
19.2%
IUES.L

-

Healthcare

IUMF.L
9.6%
IUES.L

-

Financial Services

IUMF.L
7.3%
IUES.L

-

Communication Services

IUMF.L
6.7%
IUES.L

-

Consumer Cyclical

IUMF.L
5.1%
IUES.L

-

Energy

IUMF.L
2.5%
IUES.L
100.0%

Consumer Defensive

IUMF.L
2.2%
IUES.L

-

Basic Materials

IUMF.L
1.9%
IUES.L

-

Utilities

IUMF.L
1.5%
IUES.L

-

Real Estate

IUMF.L
1.1%
IUES.L

-

Compare stocks, funds, or ETFs

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iShares Edge MSCI USA Momentum Factor UCITS ETF

iShares S&P 500 Energy Sector UCITS ETF USD (Acc)

Often compared with IUMF.L:
IUMF.L vs. IWFM.LIUMF.L vs. XDEM.LIUMF.L vs. JPLG.LIUMF.L vs. FSUS.LIUMF.L vs. IUMD.LIUMF.L vs. JMOMIUMF.L vs. QQQ
Often compared with IUES.L:
IUES.L vs. XLEIUES.L vs. IXCIUES.L vs. CSPX.LIUES.L vs. WENS.LIUES.L vs. VUAA.LIUES.L vs. RSPGIUES.L vs. VWRA.L

Return for Risk

IUMF.L vs. IUES.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IUMF.L
IUMF.L Risk / Return Rank: 7474
Overall Rank
IUMF.L Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
IUMF.L Sortino Ratio Rank: 7272
Sortino Ratio Rank
IUMF.L Omega Ratio Rank: 6969
Omega Ratio Rank
IUMF.L Calmar Ratio Rank: 8383
Calmar Ratio Rank
IUMF.L Martin Ratio Rank: 7575
Martin Ratio Rank
IUES.L
IUES.L Risk / Return Rank: 6060
Overall Rank
IUES.L Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
IUES.L Sortino Ratio Rank: 5656
Sortino Ratio Rank
IUES.L Omega Ratio Rank: 5959
Omega Ratio Rank
IUES.L Calmar Ratio Rank: 6565
Calmar Ratio Rank
IUES.L Martin Ratio Rank: 5757
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.

IUMF.L vs. IUES.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Momentum Factor UCITS ETF (IUMF.L) and iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.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.

IUMF.LIUES.LDifference
Sharpe ratioReturn per unit of total volatility
2.26
2.08

+0.18

Sortino ratioReturn per unit of downside risk
3.19
2.56

+0.63

Omega ratioGain probability vs. loss probability

1.40

1.36

+0.05

Calmar ratioReturn relative to maximum drawdown

4.37

2.89

+1.48

Martin ratioReturn relative to average drawdown

14.10

8.95

+5.16

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

IUMF.L vs. IUES.L - Sharpe Ratio Comparison

The current IUMF.L Sharpe Ratio is 2.26, which is comparable to the IUES.L Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of IUMF.L and IUES.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

IUMF.LIUES.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.26

2.08

+0.18

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.84

0.81

+0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.36

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.85

0.36

+0.49

Drawdowns

IUMF.L vs. IUES.L - Drawdown Comparison

The maximum IUMF.L drawdown since its inception was -25.23%, smaller than the maximum IUES.L drawdown of -62.40%. Use the drawdown chart below to compare losses from any high point for IUMF.L and IUES.L.

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Drawdown Indicators

IUMF.LIUES.LDifference

Max Drawdown

Largest peak-to-trough decline

-25.23%

-62.40%

+37.17%

Max Drawdown (1Y)

Largest decline over 1 year

-9.32%

-16.59%

+7.27%

Max Drawdown (3Y)

Largest decline over 3 years

-22.56%

-23.92%

+1.36%

Max Drawdown (5Y)

Largest decline over 5 years

-24.37%

-23.92%

-0.45%

Max Drawdown (10Y)

Largest decline over 10 years

—

-62.40%

—

Current Drawdown

Current decline from peak

-1.75%

-8.77%

+7.02%

Average Drawdown

Average peak-to-trough decline

-6.44%

-16.00%

+9.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.89%

5.37%

-2.48%

Volatility

IUMF.L vs. IUES.L - Volatility Comparison

The current volatility for iShares Edge MSCI USA Momentum Factor UCITS ETF (IUMF.L) is 7.86%, while iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.L) has a volatility of 8.73%. This indicates that IUMF.L experiences smaller price fluctuations and is considered to be less risky than IUES.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IUMF.LIUES.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.86%

8.73%

-0.87%

Volatility (6M)

Calculated over the trailing 6-month period

15.09%

19.54%

-4.45%

Volatility (1Y)

Calculated over the trailing 1-year period

17.99%

23.12%

-5.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.29%

26.63%

-8.34%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.66%

28.23%

-9.57%

IUMF.L vs. IUES.L - Expense Ratio Comparison

IUMF.L has a 0.20% expense ratio, which is higher than IUES.L's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IUMF.L vs. IUES.L - Dividend Comparison

Neither IUMF.L nor IUES.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

IUMF.L and IUES.L have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IUES.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IUES.L is cheaper with a 0.15% expense ratio, compared with 0.20% for IUMF.L.

IUMF.L is categorized as Momentum, while IUES.L is Energy Equities. IUMF.L tracks MSCI USA Momentum Index, while IUES.L tracks MSCI World/Energy NR USD. Their fees differ too: 0.20% for IUMF.L and 0.15% for IUES.L.

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