IWFM.L vs. DPYG.L
IWFM.L (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) and DPYG.L (iShares Developed Markets Property Yield UCITS ETF GBP Hedged (Dist)) are both exchange-traded funds - IWFM.L is a Momentum fund tracking the MSCI World Momentum Index, while DPYG.L is a REIT fund tracking the FTSE EPRA/NAREIT Developed Dividend+ (GBP Hedged). Both are passively managed. Over the past 5 years, IWFM.L returned 12.94%/yr vs 1.77%/yr for DPYG.L. At a 0.36 correlation, their price movements are largely independent. IWFM.L charges 0.25%/yr vs 0.64%/yr for DPYG.L.
Performance
IWFM.L vs. DPYG.L - Performance Comparison
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Different Trading Currencies
IWFM.L is traded in GBp, while DPYG.L is traded in GBP. To make them comparable, the DPYG.L 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 15.16% return, which is significantly higher than DPYG.L's 12.89% return.
IWFM.L
- 1D
- -1.38%
- 1M
- -8.59%
- 6M
- 10.44%
- YTD
- 15.16%
- 1Y
- 24.10%
- 3Y*
- 23.53%
- 5Y*
- 12.94%
- 10Y*
- 14.26%
DPYG.L
- 1D
- 0.55%
- 1M
- 3.56%
- 6M
- 9.15%
- YTD
- 12.89%
- 1Y
- 16.82%
- 3Y*
- 9.59%
- 5Y*
- 1.77%
- 10Y*
- —
IWFM.L vs. DPYG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IWFM.L iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) | 15.16% | 12.72% | 32.62% | 5.85% | -8.21% | 15.58% | 24.16% | 23.25% | 1.00% |
DPYG.L iShares Developed Markets Property Yield UCITS ETF GBP Hedged (Dist) | 12.89% | 7.23% | 2.09% | 9.63% | -23.02% | 27.74% | -13.69% | 19.26% | 3.27% |
Correlation
The correlation between IWFM.L and DPYG.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2018 | 0.36 |
Over the past year, the correlation between IWFM.L and DPYG.L has dropped to 0.14 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.
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Return for Risk
IWFM.L vs. DPYG.L — Risk / Return Rank
IWFM.L
DPYG.L
IWFM.L vs. DPYG.L - 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 Developed Markets Property Yield UCITS ETF GBP Hedged (Dist) (DPYG.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.
| IWFM.L | DPYG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.25 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 1.82 | +0.35 |
| Martin ratioReturn relative to average drawdown | 8.29 | 6.29 | +2.00 |
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Drawdowns
IWFM.L vs. DPYG.L - Drawdown Comparison
The maximum IWFM.L drawdown since its inception was -41.86%, roughly equal to the maximum DPYG.L drawdown of -42.46%. Use the drawdown chart below to compare losses from any high point for IWFM.L and DPYG.L.
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Drawdown Indicators
| IWFM.L | DPYG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.86% | -42.46% | +0.60% |
Max Drawdown (1Y)Largest decline over 1 year | -11.11% | -9.23% | -1.88% |
Max Drawdown (3Y)Largest decline over 3 years | -21.15% | -16.90% | -4.25% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | -31.71% | +10.56% |
Max Drawdown (10Y)Largest decline over 10 years | -22.58% | — | — |
Current DrawdownCurrent decline from peak | -11.11% | 0.00% | -11.11% |
Average DrawdownAverage peak-to-trough decline | -9.37% | -11.56% | +2.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 2.67% | +0.23% |
Volatility
IWFM.L vs. DPYG.L - Volatility Comparison
iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWFM.L) has a higher volatility of 8.80% compared to iShares Developed Markets Property Yield UCITS ETF GBP Hedged (Dist) (DPYG.L) at 3.50%. This indicates that IWFM.L's price experiences larger fluctuations and is considered to be riskier than DPYG.L 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 | DPYG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.80% | 3.50% | +5.30% |
Volatility (6M)Calculated over the trailing 6-month period | 16.80% | 9.11% | +7.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.21% | 11.47% | +7.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.01% | 15.26% | +6.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.70% | 17.39% | +2.31% |
IWFM.L vs. DPYG.L - Expense Ratio Comparison
IWFM.L has a 0.25% expense ratio, which is lower than DPYG.L's 0.64% expense ratio.
Dividends
IWFM.L vs. DPYG.L - Dividend Comparison
IWFM.L has not paid dividends to shareholders, while DPYG.L's dividend yield for the trailing twelve months is around 2.79%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DPYG.L iShares Developed Markets Property Yield UCITS ETF GBP Hedged (Dist) | 2.79% | 3.02% | 3.10% | 3.00% | 3.71% | 2.13% | 2.98% | 2.95% | 2.98% |
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% |
Frequently Asked Questions
IWFM.L and DPYG.L have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWFM.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWFM.L is cheaper with a 0.25% expense ratio, compared with 0.64% for DPYG.L.
IWFM.L is categorized as Momentum, while DPYG.L is REIT. IWFM.L tracks MSCI World Momentum Index, while DPYG.L tracks FTSE EPRA/NAREIT Developed Dividend+ (GBP Hedged). Their fees differ too: 0.25% for IWFM.L and 0.64% for DPYG.L.
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