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

IUMO.L vs. IWFM.L

Last updated Jun 5, 2026

IUMO.L (iShares Edge MSCI USA Momentum Factor UCITS ETF USD Acc) and IWFM.L (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) are both Momentum funds from iShares - IUMO.L tracks the MSCI USA Momentum Index while IWFM.L tracks the MSCI World Momentum Index. Both are passively managed. Over the past 5 years, IUMO.L returned 14.09%/yr vs 13.63%/yr for IWFM.L. Their correlation of 0.86 suggests significant overlap in exposure. IUMO.L charges 0.20%/yr vs 0.25%/yr for IWFM.L.

Performance

IUMO.L vs. IWFM.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Edge MSCI USA Momentum Factor UCITS ETF USD Acc (IUMO.L) and iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWFM.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, IUMO.L achieves a 29.52% return, which is significantly higher than IWFM.L's 21.83% return.

IUMO.L

1D
-1.94%
1M
12.05%
YTD
29.52%
6M
29.75%
1Y
39.37%
3Y*
32.22%
5Y*
14.09%
10Y*
—

IWFM.L

1D
-0.81%
1M
8.01%
YTD
21.83%
6M
23.49%
1Y
33.86%
3Y*
29.49%
5Y*
13.63%
10Y*
15.59%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IUMO.L vs. IWFM.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IUMO.L
iShares Edge MSCI USA Momentum Factor UCITS ETF USD Acc		29.52%17.81%31.88%9.83%-18.15%12.60%29.61%28.49%-3.73%37.07%
IWFM.L
iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)		21.83%21.23%30.41%11.44%-18.02%14.53%27.96%28.19%-4.13%31.86%

Correlation

The correlation between IUMO.L and IWFM.L is 0.93, 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

0.93

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

0.93

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

0.92

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

0.86

The correlation between IUMO.L and IWFM.L has been stable across timeframes, ranging from 0.86 to 0.93 - a consistent structural relationship.

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

Sectors
IUMO.L
IWFM.L

Technology

42.9%
26.0%

Industrials

19.2%
18.7%

Healthcare

9.6%
10.7%

Financial Services

7.3%
13.1%

Communication Services

6.7%
6.8%

Consumer Cyclical

5.1%
1.6%

Energy

2.5%
10.6%

Consumer Defensive

2.2%
1.5%

Basic Materials

1.9%
6.0%

Utilities

1.5%
3.7%

Real Estate

1.1%
1.4%

Technology

IUMO.L
42.9%
IWFM.L
26.0%

Industrials

IUMO.L
19.2%
IWFM.L
18.7%

Healthcare

IUMO.L
9.6%
IWFM.L
10.7%

Financial Services

IUMO.L
7.3%
IWFM.L
13.1%

Communication Services

IUMO.L
6.7%
IWFM.L
6.8%

Consumer Cyclical

IUMO.L
5.1%
IWFM.L
1.6%

Energy

IUMO.L
2.5%
IWFM.L
10.6%

Consumer Defensive

IUMO.L
2.2%
IWFM.L
1.5%

Basic Materials

IUMO.L
1.9%
IWFM.L
6.0%

Utilities

IUMO.L
1.5%
IWFM.L
3.7%

Real Estate

IUMO.L
1.1%
IWFM.L
1.4%

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iShares Edge MSCI USA Momentum Factor UCITS ETF USD Acc

iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)

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
Often compared with IWFM.L:
IWFM.L vs. SPMOIWFM.L vs. XDEM.DEIWFM.L vs. IMTMIWFM.L vs. IUMF.LIWFM.L vs. SPYIWFM.L vs. JPGL.LIWFM.L vs. ACWI

Return for Risk

IUMO.L vs. IWFM.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
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
IWFM.L
IWFM.L Risk / Return Rank: 7272
Overall Rank
IWFM.L Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
IWFM.L Sortino Ratio Rank: 7171
Sortino Ratio Rank
IWFM.L Omega Ratio Rank: 6767
Omega Ratio Rank
IWFM.L Calmar Ratio Rank: 7777
Calmar Ratio Rank
IWFM.L Martin Ratio Rank: 8080
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.

IUMO.L vs. IWFM.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 iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWFM.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.

IUMO.LIWFM.LDifference
Sharpe ratioReturn per unit of total volatility
2.02
1.90

+0.12

Sortino ratioReturn per unit of downside risk
3.00
2.91

+0.09

Omega ratioGain probability vs. loss probability

1.37

1.34

+0.02

Calmar ratioReturn relative to maximum drawdown

3.68

2.88

+0.80

Martin ratioReturn relative to average drawdown

14.44

12.26

+2.18

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

IUMO.L vs. IWFM.L - Sharpe Ratio Comparison

The current IUMO.L Sharpe Ratio is 2.02, which is comparable to the IWFM.L Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of IUMO.L and IWFM.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

IUMO.LIWFM.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.02

1.90

+0.12

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.72

0.75

-0.03

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.89

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.96

0.85

+0.11

Drawdowns

IUMO.L vs. IWFM.L - Drawdown Comparison

The maximum IUMO.L drawdown since its inception was -33.75%, which is greater than IWFM.L's maximum drawdown of -30.82%. Use the drawdown chart below to compare losses from any high point for IUMO.L and IWFM.L.

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Drawdown Indicators

IUMO.LIWFM.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.75%

-30.82%

-2.93%

Max Drawdown (1Y)

Largest decline over 1 year

-10.60%

-11.70%

+1.10%

Max Drawdown (3Y)

Largest decline over 3 years

-21.01%

-19.82%

-1.19%

Max Drawdown (5Y)

Largest decline over 5 years

-31.98%

-30.66%

-1.32%

Max Drawdown (10Y)

Largest decline over 10 years

—

-30.82%

—

Current Drawdown

Current decline from peak

-1.94%

-0.81%

-1.13%

Average Drawdown

Average peak-to-trough decline

-8.46%

-6.24%

-2.22%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.70%

2.75%

-0.05%

Volatility

IUMO.L vs. IWFM.L - Volatility Comparison

iShares Edge MSCI USA Momentum Factor UCITS ETF USD Acc (IUMO.L) has a higher volatility of 8.41% compared to iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWFM.L) at 6.33%. This indicates that IUMO.L's price experiences larger fluctuations and is considered to be riskier than IWFM.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.LIWFM.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.41%

6.33%

+2.08%

Volatility (6M)

Calculated over the trailing 6-month period

16.63%

15.25%

+1.38%

Volatility (1Y)

Calculated over the trailing 1-year period

19.28%

17.71%

+1.57%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.58%

18.23%

+1.35%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.53%

17.92%

+2.61%

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

IUMO.L has a 0.20% expense ratio, which is lower than IWFM.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

IUMO.L vs. IWFM.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

With a correlation of 0.93, IUMO.L and IWFM.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, 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 0.25% for IWFM.L.

IUMO.L tracks MSCI USA Momentum Index, while IWFM.L tracks MSCI World Momentum Index. Their fees differ too: 0.20% for IUMO.L and 0.25% for IWFM.L.

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