IWFM.L vs. CEMR.DE
IWFM.L (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) and CEMR.DE (iShares Edge MSCI Europe Momentum Factor UCITS ETF) are both Momentum funds from iShares - IWFM.L tracks the MSCI World Momentum Index while CEMR.DE tracks the MSCI Europe Momentum Index. Both are passively managed. Over the past 10 years, IWFM.L returned 16.44%/yr vs 12.44%/yr for CEMR.DE. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
IWFM.L vs. CEMR.DE - Performance Comparison
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Different Trading Currencies
IWFM.L is traded in GBp, while CEMR.DE is traded in EUR. To make them comparable, the CEMR.DE 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 22.13% return, which is significantly higher than CEMR.DE's 7.01% return. Over the past 10 years, IWFM.L has outperformed CEMR.DE with an annualized return of 16.44%, while CEMR.DE has yielded a comparatively lower 12.44% annualized return.
IWFM.L
- 1D
- -0.86%
- 1M
- 6.96%
- YTD
- 22.13%
- 6M
- 22.40%
- 1Y
- 34.99%
- 3Y*
- 26.24%
- 5Y*
- 14.83%
- 10Y*
- 16.44%
CEMR.DE
- 1D
- -0.04%
- 1M
- 0.95%
- YTD
- 7.01%
- 6M
- 10.77%
- 1Y
- 19.83%
- 3Y*
- 20.38%
- 5Y*
- 11.50%
- 10Y*
- 12.44%
IWFM.L vs. CEMR.DE - 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) | 22.13% | 12.72% | 32.62% | 5.85% | -8.21% | 15.58% | 24.16% | 23.25% | 1.62% | 20.40% |
CEMR.DE iShares Edge MSCI Europe Momentum Factor UCITS ETF | 7.01% | 33.79% | 14.78% | 10.54% | -10.69% | 13.63% | 16.99% | 24.81% | -9.47% | 16.25% |
Correlation
The correlation between IWFM.L and CEMR.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.71 |
The correlation between IWFM.L and CEMR.DE has been stable across timeframes, ranging from 0.67 to 0.74 - a consistent structural relationship.
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Return for Risk
IWFM.L vs. CEMR.DE — Risk / Return Rank
IWFM.L
CEMR.DE
IWFM.L vs. CEMR.DE - 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 iShares Edge MSCI Europe Momentum Factor UCITS ETF (CEMR.DE). 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 | CEMR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.93 | ||
| Sortino ratioReturn per unit of downside risk | +1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.23 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.91 | 1.66 | +2.25 |
| Martin ratioReturn relative to average drawdown | 15.27 | 6.16 | +9.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IWFM.L | CEMR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 1.23 | +0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.71 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.98 | 0.76 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.70 | +0.28 |
Drawdowns
IWFM.L vs. CEMR.DE - Drawdown Comparison
The maximum IWFM.L drawdown since its inception was -22.58%, smaller than the maximum CEMR.DE drawdown of -24.16%. Use the drawdown chart below to compare losses from any high point for IWFM.L and CEMR.DE.
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Drawdown Indicators
| IWFM.L | CEMR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.58% | -24.16% | +1.58% |
Max Drawdown (1Y)Largest decline over 1 year | -8.95% | -12.35% | +3.40% |
Max Drawdown (3Y)Largest decline over 3 years | -20.40% | -13.31% | -7.09% |
Max Drawdown (5Y)Largest decline over 5 years | -20.40% | -21.51% | +1.11% |
Max Drawdown (10Y)Largest decline over 10 years | -22.58% | -24.16% | +1.58% |
Current DrawdownCurrent decline from peak | -0.86% | -1.63% | +0.77% |
Average DrawdownAverage peak-to-trough decline | -4.94% | -5.11% | +0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 3.34% | -1.04% |
Volatility
IWFM.L vs. CEMR.DE - Volatility Comparison
iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWFM.L) has a higher volatility of 5.85% compared to iShares Edge MSCI Europe Momentum Factor UCITS ETF (CEMR.DE) at 4.16%. This indicates that IWFM.L's price experiences larger fluctuations and is considered to be riskier than CEMR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWFM.L | CEMR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.85% | 4.16% | +1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 13.75% | 14.31% | -0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.21% | 16.76% | -0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.47% | 16.11% | +0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.18% | 16.36% | +0.82% |
IWFM.L vs. CEMR.DE - Expense Ratio Comparison
Both IWFM.L and CEMR.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IWFM.L vs. CEMR.DE - Dividend Comparison
Neither IWFM.L nor CEMR.DE has paid dividends to shareholders.
Frequently Asked Questions
IWFM.L and CEMR.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IWFM.L and CEMR.DE have the same expense ratio: 0.25% per year.
IWFM.L tracks MSCI World Momentum Index, while CEMR.DE tracks MSCI Europe Momentum Index.
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