IWFM.L vs. BND
IWFM.L (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) and BND (Vanguard Total Bond Market ETF) are both exchange-traded funds - IWFM.L is a Momentum fund tracking the MSCI World Momentum Index, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Both are passively managed. Over the past 10 years, IWFM.L returned 15.80%/yr vs 2.18%/yr for BND. At a 0.20 correlation, their price movements are largely independent. IWFM.L charges 0.25%/yr vs 0.03%/yr for BND.
Performance
IWFM.L vs. BND - Performance Comparison
Loading charts...
Different Trading Currencies
IWFM.L is traded in GBp, while BND is traded in USD. To make them comparable, the BND values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IWFM.L achieves a 16.58% return, which is significantly higher than BND's 0.69% return. Over the past 10 years, IWFM.L has outperformed BND with an annualized return of 15.80%, while BND has yielded a comparatively lower 2.18% annualized return.
IWFM.L
- 1D
- -0.56%
- 1M
- 0.32%
- YTD
- 16.58%
- 6M
- 15.41%
- 1Y
- 30.48%
- 3Y*
- 24.82%
- 5Y*
- 13.69%
- 10Y*
- 15.80%
BND
- 1D
- -0.24%
- 1M
- 1.32%
- YTD
- 0.69%
- 6M
- 0.08%
- 1Y
- 5.52%
- 3Y*
- 1.78%
- 5Y*
- 1.00%
- 10Y*
- 2.18%
IWFM.L vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWFM.L iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) | 16.58% | 12.72% | 32.62% | 5.85% | -8.21% | 15.58% | 24.16% | 23.25% | 1.62% | 20.40% |
BND Vanguard Total Bond Market ETF | 0.69% | -0.55% | 3.15% | 0.37% | -2.78% | -0.93% | 4.55% | 4.70% | 5.81% | -5.39% |
Correlation
The correlation between IWFM.L and BND 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 | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2014 | 0.20 |
The correlation between IWFM.L and BND shifts across timeframes, from 0.04 (5 years) to 0.20 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IWFM.L vs. BND — Risk / Return Rank
IWFM.L
BND
IWFM.L vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWFM.L) and Vanguard Total Bond Market ETF (BND). 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.
| IWFM.L | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.17 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.39 | 1.03 | +2.36 |
| Martin ratioReturn relative to average drawdown | 12.95 | 2.69 | +10.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IWFM.L | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 0.89 | +0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.12 | +0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.22 | +0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.52 | -0.03 |
Drawdowns
IWFM.L vs. BND - Drawdown Comparison
The maximum IWFM.L drawdown since its inception was -41.86%, which is greater than BND's maximum drawdown of -17.48%. Use the drawdown chart below to compare losses from any high point for IWFM.L and BND.
Loading charts...
Drawdown Indicators
| IWFM.L | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.86% | -17.48% | -24.38% |
Max Drawdown (1Y)Largest decline over 1 year | -8.95% | -5.37% | -3.58% |
Max Drawdown (3Y)Largest decline over 3 years | -21.15% | -8.65% | -12.50% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | -14.67% | -6.48% |
Max Drawdown (10Y)Largest decline over 10 years | -22.58% | -17.48% | -5.10% |
Current DrawdownCurrent decline from peak | -5.36% | -9.67% | +4.31% |
Average DrawdownAverage peak-to-trough decline | -9.42% | -7.06% | -2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 2.06% | +0.29% |
Volatility
IWFM.L vs. BND - Volatility Comparison
iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWFM.L) has a higher volatility of 6.37% compared to Vanguard Total Bond Market ETF (BND) at 1.39%. This indicates that IWFM.L's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IWFM.L | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.37% | 1.39% | +4.98% |
Volatility (6M)Calculated over the trailing 6-month period | 14.15% | 4.76% | +9.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.54% | 6.25% | +10.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.59% | 8.63% | +12.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.60% | 9.98% | +9.62% |
IWFM.L vs. BND - Expense Ratio Comparison
IWFM.L has a 0.25% expense ratio, which is higher than BND's 0.03% 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
IWFM.L vs. BND - Dividend Comparison
IWFM.L has not paid dividends to shareholders, while BND's dividend yield for the trailing twelve months is around 3.98%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.98% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
IWFM.L iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IWFM.L and BND 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, BND is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BND is cheaper with a 0.03% expense ratio, compared with 0.25% for IWFM.L.
IWFM.L is categorized as Momentum, while BND is Total Bond Market. IWFM.L tracks MSCI World Momentum Index, while BND tracks Bloomberg U.S. Aggregate Float Adjusted Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.25% for IWFM.L and 0.03% for BND.
Find the right allocation for IWFM.L and BND
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer