IUMF.L vs. NESG.L

Last updated Jun 4, 2026

IUMF.L (iShares Edge MSCI USA Momentum Factor UCITS ETF) and NESG.L (Invesco NASDAQ-100 ESG UCITS ETF Acc) are both exchange-traded funds - IUMF.L is a Momentum fund tracking the MSCI USA Momentum Index, while NESG.L is a Nasdaq-100 fund tracking the NASDAQ-100 ESG Index®. Both are passively managed. Over the past 3 years, IUMF.L returned 29.81%/yr vs 26.22%/yr for NESG.L. A 0.68 correlation means they provide meaningful diversification when combined. IUMF.L charges 0.20%/yr vs 0.25%/yr for NESG.L.

Performance

IUMF.L vs. NESG.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 Invesco NASDAQ-100 ESG UCITS ETF Acc (NESG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IUMF.L is traded in GBp, while NESG.L is traded in USD. To make them comparable, the NESG.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 32.21% return, which is significantly higher than NESG.L's 21.50% return.

IUMF.L

• 1D: 1.91%
• 1M: 18.47%
• YTD: 32.21%
• 6M: 32.62%
• 1Y: 43.66%
• 3Y*: 29.81%
• 5Y*: 15.74%
• 10Y*: —

NESG.L

• 1D: 0.05%
• 1M: 12.45%
• YTD: 21.50%
• 6M: 20.32%
• 1Y: 45.20%
• 3Y*: 26.22%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

	2026 (YTD)	2025	2024	2023	2022	2021
IUMF.L iShares Edge MSCI USA Momentum Factor UCITS ETF	32.21%	9.14%	34.88%	3.73%	-8.43%	-4.12%
NESG.L Invesco NASDAQ-100 ESG UCITS ETF Acc	21.50%	12.47%	28.73%	48.88%	-24.69%	1.34%

Correlation

The correlation between IUMF.L and NESG.L is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (All Time) Calculated using the full available price history since Nov 11, 2021	0.68

The correlation between IUMF.L and NESG.L shifts across timeframes, from 0.68 (all time) to 0.82 (3 years), reflecting how their relationship changes across market environments.

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

Sectors	IUMF.L	NESG.L
Technology	42.9%	58.4%
Industrials	19.2%	1.8%
Healthcare	9.6%	3.9%
Financial Services	7.3%	0.2%
Communication Services	6.7%	14.7%
Consumer Cyclical	5.1%	12.4%
Energy	2.5%	-
Consumer Defensive	2.2%	6.7%
Basic Materials	1.9%	1.5%
Utilities	1.5%	0.2%
Real Estate	1.1%	0.1%

Return for Risk

IUMF.L vs. NESG.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: 77
IUMF.L Sharpe Ratio Rank: 74
IUMF.L Sortino Ratio Rank: 75
IUMF.L Omega Ratio Rank: 72
IUMF.L Calmar Ratio Rank: 85
IUMF.L Martin Ratio Rank: 78

NESG.L

NESG.L Risk / Return Rank: 77
NESG.L Sharpe Ratio Rank: 82
NESG.L Sortino Ratio Rank: 81
NESG.L Omega Ratio Rank: 77
NESG.L Calmar Ratio Rank: 74
NESG.L Martin Ratio Rank: 70

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. NESG.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 Invesco NASDAQ-100 ESG UCITS ETF Acc (NESG.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.L	NESG.L	Difference
Sharpe ratio: Return per unit of total volatility	2.43	2.74	-0.31
Sortino ratio: Return per unit of downside risk	3.40	3.59	-0.19
Omega ratio: Gain probability vs. loss probability	1.43	1.48	-0.05
Calmar ratio: Return relative to maximum drawdown	4.66	3.77	+0.89
Martin ratio: Return relative to average drawdown	15.06	10.50	+4.56
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. NESG.L - Sharpe Ratio Comparison

The current IUMF.L Sharpe Ratio is 2.43, which is comparable to the NESG.L Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of IUMF.L and NESG.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.

Sharpe Ratios by Period

	IUMF.L	NESG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	2.74	-0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.82	+0.04

Drawdowns

IUMF.L vs. NESG.L - Drawdown Comparison

The maximum IUMF.L drawdown since its inception was -25.23%, roughly equal to the maximum NESG.L drawdown of -26.22%. Use the drawdown chart below to compare losses from any high point for IUMF.L and NESG.L.

Drawdown Indicators

	IUMF.L	NESG.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.23%	-26.22%	+0.99%
Max Drawdown (1Y) Largest decline over 1 year	-9.32%	-11.94%	+2.62%
Max Drawdown (3Y) Largest decline over 3 years	-22.56%	-24.31%	+1.75%
Max Drawdown (5Y) Largest decline over 5 years	-24.37%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.44%	-7.43%	+0.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.89%	4.29%	-1.40%

Volatility

IUMF.L vs. NESG.L - Volatility Comparison

iShares Edge MSCI USA Momentum Factor UCITS ETF (IUMF.L) has a higher volatility of 7.74% compared to Invesco NASDAQ-100 ESG UCITS ETF Acc (NESG.L) at 5.35%. This indicates that IUMF.L's price experiences larger fluctuations and is considered to be riskier than NESG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IUMF.L	NESG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.74%	5.35%	+2.39%
Volatility (6M) Calculated over the trailing 6-month period	14.98%	12.13%	+2.85%
Volatility (1Y) Calculated over the trailing 1-year period	17.90%	16.51%	+1.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.27%	21.64%	-3.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.65%	21.64%	-2.99%

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

IUMF.L has a 0.20% expense ratio, which is lower than NESG.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

IUMF.L vs. NESG.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IUMF.L and NESG.L in my portfolio?

IUMF.L and NESG.L have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IUMF.L or NESG.L?

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

Which ETF is cheaper, IUMF.L or NESG.L?

IUMF.L is cheaper with a 0.20% expense ratio, compared with 0.25% for NESG.L.

What is the main difference between IUMF.L and NESG.L?

IUMF.L is categorized as Momentum, while NESG.L is Nasdaq-100. IUMF.L tracks MSCI USA Momentum Index, while NESG.L tracks NASDAQ-100 ESG Index®. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for IUMF.L and 0.25% for NESG.L.