IUMO.L vs. AVSG.L
IUMO.L (iShares Edge MSCI USA Momentum Factor UCITS ETF USD Acc) and AVSG.L (Avantis Global Small Cap Value UCITS ETF USD Acc) are both exchange-traded funds - IUMO.L is a Momentum fund tracking the MSCI USA Momentum Index, while AVSG.L is a Small Cap Value Equities fund actively managed by Avantis. IUMO.L is passively managed, while AVSG.L is actively managed. Over the past year, IUMO.L returned 44.74% vs 41.60% for AVSG.L. A 0.51 correlation means they provide meaningful diversification when combined. IUMO.L charges 0.20%/yr vs 0.39%/yr for AVSG.L.
Performance
IUMO.L vs. AVSG.L - Performance Comparison
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Returns By Period
In the year-to-date period, IUMO.L achieves a 35.27% return, which is significantly higher than AVSG.L's 20.47% return.
IUMO.L
- 1D
- 1.60%
- 1M
- 7.88%
- YTD
- 35.27%
- 6M
- 33.50%
- 1Y
- 44.74%
- 3Y*
- 33.31%
- 5Y*
- 14.79%
- 10Y*
- —
AVSG.L
- 1D
- 0.00%
- 1M
- 2.37%
- YTD
- 20.47%
- 6M
- 20.38%
- 1Y
- 41.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IUMO.L vs. AVSG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IUMO.L iShares Edge MSCI USA Momentum Factor UCITS ETF USD Acc | 35.27% | 17.16% | -2.94% |
AVSG.L Avantis Global Small Cap Value UCITS ETF USD Acc | 20.47% | 12.18% | -3.69% |
Correlation
The correlation between IUMO.L and AVSG.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2024 | 0.51 |
The correlation between IUMO.L and AVSG.L has been stable across timeframes, ranging from 0.42 to 0.51 - a consistent structural relationship.
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Return for Risk
IUMO.L vs. AVSG.L — Risk / Return Rank
IUMO.L
AVSG.L
IUMO.L vs. AVSG.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 Acc (IUMO.L) and Avantis Global Small Cap Value UCITS ETF USD Acc (AVSG.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.
| IUMO.L | AVSG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.59 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 4.19 | 6.06 | -1.87 |
| Martin ratioReturn relative to average drawdown | 15.70 | 23.78 | -8.07 |
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Drawdowns
IUMO.L vs. AVSG.L - Drawdown Comparison
The maximum IUMO.L drawdown since its inception was -33.75%, which is greater than AVSG.L's maximum drawdown of -21.38%. Use the drawdown chart below to compare losses from any high point for IUMO.L and AVSG.L.
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Drawdown Indicators
| IUMO.L | AVSG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.75% | -21.38% | -12.37% |
Max Drawdown (1Y)Largest decline over 1 year | -10.63% | -6.90% | -3.73% |
Max Drawdown (3Y)Largest decline over 3 years | -20.99% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.90% | — | — |
Current DrawdownCurrent decline from peak | -1.59% | 0.00% | -1.59% |
Average DrawdownAverage peak-to-trough decline | -7.58% | -3.82% | -3.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 1.75% | +1.09% |
Volatility
IUMO.L vs. AVSG.L - Volatility Comparison
iShares Edge MSCI USA Momentum Factor UCITS ETF USD Acc (IUMO.L) has a higher volatility of 8.95% compared to Avantis Global Small Cap Value UCITS ETF USD Acc (AVSG.L) at 3.07%. This indicates that IUMO.L's price experiences larger fluctuations and is considered to be riskier than AVSG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUMO.L | AVSG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.95% | 3.07% | +5.88% |
Volatility (6M)Calculated over the trailing 6-month period | 18.11% | 9.53% | +8.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.74% | 13.05% | +7.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.89% | 15.79% | +4.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.39% | 15.79% | +3.60% |
IUMO.L vs. AVSG.L - Expense Ratio Comparison
IUMO.L has a 0.20% expense ratio, which is lower than AVSG.L's 0.39% expense ratio.
Dividends
IUMO.L vs. AVSG.L - Dividend Comparison
Neither IUMO.L nor AVSG.L has paid dividends to shareholders.
Frequently Asked Questions
IUMO.L and AVSG.L have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUMO.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUMO.L is cheaper with a 0.20% expense ratio, compared with 0.39% for AVSG.L.
IUMO.L is categorized as Momentum, while AVSG.L is Small Cap Value Equities. They also come from different issuers: iShares and Avantis. Their fees differ too: 0.20% for IUMO.L and 0.39% for AVSG.L.
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