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

IUMF.L vs. IUMO.L

Last updated Jun 5, 2026

IUMF.L (iShares Edge MSCI USA Momentum Factor UCITS ETF) 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, IUMF.L returned 15.33%/yr vs 15.32%/yr for IUMO.L. Their correlation of 0.88 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.

Performance

IUMF.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 (IUMF.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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Different Trading Currencies

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

Returns By Period

The year-to-date returns for both investments are quite close, with IUMF.L having a 29.89% return and IUMO.L slightly higher at 30.05%.

IUMF.L

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

IUMO.L

1D
-1.94%
1M
13.08%
YTD
30.05%
6M
28.85%
1Y
40.72%
3Y*
28.90%
5Y*
15.32%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IUMF.L vs. IUMO.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%
IUMO.L
iShares Edge MSCI USA Momentum Factor UCITS ETF USD Acc		30.05%9.75%33.79%4.34%-8.42%13.67%24.39%24.43%1.91%25.04%

Correlation

The correlation between IUMF.L and IUMO.L is 0.96 - 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

0.96

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

0.96

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

0.95

Correlation (All Time)
Calculated using the full available price history since Nov 4, 2016

0.88

The correlation between IUMF.L and IUMO.L has been stable across timeframes, ranging from 0.88 to 0.96 - a consistent structural relationship.

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

Sectors
IUMF.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

IUMF.L
42.9%
IUMO.L
42.9%

Industrials

IUMF.L
19.2%
IUMO.L
19.2%

Healthcare

IUMF.L
9.6%
IUMO.L
9.6%

Financial Services

IUMF.L
7.3%
IUMO.L
7.3%

Communication Services

IUMF.L
6.7%
IUMO.L
6.7%

Consumer Cyclical

IUMF.L
5.1%
IUMO.L
5.1%

Energy

IUMF.L
2.5%
IUMO.L
2.5%

Consumer Defensive

IUMF.L
2.2%
IUMO.L
2.2%

Basic Materials

IUMF.L
1.9%
IUMO.L
1.9%

Utilities

IUMF.L
1.5%
IUMO.L
1.5%

Real Estate

IUMF.L
1.1%
IUMO.L
1.1%

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iShares Edge MSCI USA Momentum Factor UCITS ETF

iShares Edge MSCI USA Momentum Factor 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 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

IUMF.L vs. IUMO.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
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.

IUMF.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 (IUMF.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.

IUMF.LIUMO.LDifference
Sharpe ratioReturn per unit of total volatility
2.26
2.13

+0.13

Sortino ratioReturn per unit of downside risk
3.19
3.03

+0.16

Omega ratioGain probability vs. loss probability

1.40

1.38

+0.02

Calmar ratioReturn relative to maximum drawdown

4.37

4.36

+0.01

Martin ratioReturn relative to average drawdown

14.10

13.64

+0.47

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. IUMO.L - Sharpe Ratio Comparison

The current IUMF.L Sharpe Ratio is 2.26, which is comparable to the IUMO.L Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of IUMF.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

IUMF.LIUMO.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.26

2.13

+0.13

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.84

0.80

+0.04

Sharpe Ratio (All Time)

Calculated using the full available price history

0.85

0.92

-0.07

Drawdowns

IUMF.L vs. IUMO.L - Drawdown Comparison

The maximum IUMF.L drawdown since its inception was -25.23%, roughly equal to the maximum IUMO.L drawdown of -25.81%. Use the drawdown chart below to compare losses from any high point for IUMF.L and IUMO.L.

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Drawdown Indicators

IUMF.LIUMO.LDifference

Max Drawdown

Largest peak-to-trough decline

-25.23%

-25.81%

+0.58%

Max Drawdown (1Y)

Largest decline over 1 year

-9.32%

-9.26%

-0.06%

Max Drawdown (3Y)

Largest decline over 3 years

-22.56%

-22.10%

-0.46%

Max Drawdown (5Y)

Largest decline over 5 years

-24.37%

-24.52%

+0.15%

Current Drawdown

Current decline from peak

-1.75%

-1.94%

+0.19%

Average Drawdown

Average peak-to-trough decline

-6.44%

-7.00%

+0.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.89%

2.97%

-0.08%

Volatility

IUMF.L vs. IUMO.L - Volatility Comparison

iShares Edge MSCI USA Momentum Factor UCITS ETF (IUMF.L) and iShares Edge MSCI USA Momentum Factor UCITS ETF USD Acc (IUMO.L) have volatilities of 7.86% and 8.23%, 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

IUMF.LIUMO.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.86%

8.23%

-0.37%

Volatility (6M)

Calculated over the trailing 6-month period

15.09%

16.02%

-0.93%

Volatility (1Y)

Calculated over the trailing 1-year period

17.99%

18.92%

-0.93%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.29%

19.17%

-0.88%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.66%

20.35%

-1.69%

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

Both IUMF.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

IUMF.L vs. IUMO.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

With a correlation of 0.96, IUMF.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.

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

Both ETFs track MSCI USA Momentum Index.

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