IWFM.L vs. EUHD.L

Last updated Jul 16, 2026

IWFM.L (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) and EUHD.L (PowerShares EURO STOXX High Dividend Low Volatility UCITS) are both exchange-traded funds - IWFM.L is a Momentum fund tracking the MSCI World Momentum Index, while EUHD.L is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, IWFM.L returned 14.64%/yr vs 9.04%/yr for EUHD.L. At a 0.48 correlation, their price movements are largely independent. IWFM.L charges 0.25%/yr vs 0.30%/yr for EUHD.L.

Performance

IWFM.L vs. EUHD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWFM.L) and PowerShares EURO STOXX High Dividend Low Volatility UCITS (EUHD.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IWFM.L achieves a 18.17% return, which is significantly higher than EUHD.L's 11.11% return. Over the past 10 years, IWFM.L has outperformed EUHD.L with an annualized return of 14.64%, while EUHD.L has yielded a comparatively lower 9.04% annualized return.

IWFM.L

• 1D: -2.77%
• 1M: -5.57%
• 6M: 15.34%
• YTD: 18.17%
• 1Y: 28.05%
• 3Y*: 24.67%
• 5Y*: 13.53%
• 10Y*: 14.64%

EUHD.L

• 1D: -1.02%
• 1M: -0.33%
• 6M: 9.58%
• YTD: 11.11%
• 1Y: 22.26%
• 3Y*: 21.22%
• 5Y*: 13.25%
• 10Y*: 9.04%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IWFM.L vs. EUHD.L - 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)	18.17%	12.72%	32.62%	5.85%	-8.21%	15.58%	24.16%	23.25%	1.62%	20.40%
EUHD.L PowerShares EURO STOXX High Dividend Low Volatility UCITS	11.11%	42.88%	5.23%	11.38%	-3.28%	13.30%	-13.39%	11.53%	-7.27%	13.76%

Correlation

The correlation between IWFM.L and EUHD.L is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (10Y) Calculated over the trailing 10-year period	0.48
Correlation (All Time) Calculated using the full available price history since Jan 8, 2016	0.48

The correlation between IWFM.L and EUHD.L shifts across timeframes, from 0.30 (3 years) to 0.48 (10 years), reflecting how their relationship changes across market environments.

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

Sectors	IWFM.L	EUHD.L
Technology	35.1%	-
Industrials	15.6%	1.7%
Financial Services	12.3%	48.2%
Energy	10.2%	4.0%
Healthcare	7.6%	0.0%
Basic Materials	5.7%	5.7%
Communication Services	5.7%	7.6%
Utilities	2.8%	10.9%
Consumer Defensive	2.1%	4.8%
Consumer Cyclical	1.8%	8.1%
Real Estate	1.2%	8.9%

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IWFM.L

IWFM.L Risk / Return Rank: 61
IWFM.L Sharpe Ratio Rank: 52
IWFM.L Sortino Ratio Rank: 54
IWFM.L Omega Ratio Rank: 53
IWFM.L Calmar Ratio Rank: 76
IWFM.L Martin Ratio Rank: 70

EUHD.L

EUHD.L Risk / Return Rank: 75
EUHD.L Sharpe Ratio Rank: 78
EUHD.L Sortino Ratio Rank: 73
EUHD.L Omega Ratio Rank: 76
EUHD.L Calmar Ratio Rank: 75
EUHD.L Martin Ratio Rank: 72

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.

IWFM.L vs. EUHD.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 PowerShares EURO STOXX High Dividend Low Volatility UCITS (EUHD.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	EUHD.L	Difference
Sharpe ratio: Return per unit of total volatility	1.46	1.99	-0.53
Sortino ratio: Return per unit of downside risk	2.13	2.63	-0.51
Omega ratio: Gain probability vs. loss probability	1.27	1.36	-0.09
Calmar ratio: Return relative to maximum drawdown	3.12	3.09	+0.03
Martin ratio: Return relative to average drawdown	10.19	10.58	-0.39

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

The current IWFM.L Sharpe Ratio is 1.46, which is comparable to the EUHD.L Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of IWFM.L and EUHD.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.

Drawdowns

IWFM.L vs. EUHD.L - Drawdown Comparison

The maximum IWFM.L drawdown since its inception was -41.86%, which is greater than EUHD.L's maximum drawdown of -35.97%. Use the drawdown chart below to compare losses from any high point for IWFM.L and EUHD.L.

Drawdown Indicators

	IWFM.L	EUHD.L	Difference
Max Drawdown Largest peak-to-trough decline	-41.86%	-35.97%	-5.89%
Max Drawdown (1Y) Largest decline over 1 year	-8.95%	-7.17%	-1.78%
Max Drawdown (3Y) Largest decline over 3 years	-21.15%	-10.52%	-10.63%
Max Drawdown (5Y) Largest decline over 5 years	-21.15%	-19.84%	-1.31%
Max Drawdown (10Y) Largest decline over 10 years	-22.58%	-35.97%	+13.39%
Current Drawdown Current decline from peak	-8.79%	-1.02%	-7.77%
Average Drawdown Average peak-to-trough decline	-9.37%	-5.32%	-4.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.75%	2.10%	+0.65%

Volatility

IWFM.L vs. EUHD.L - Volatility Comparison

iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWFM.L) has a higher volatility of 9.14% compared to PowerShares EURO STOXX High Dividend Low Volatility UCITS (EUHD.L) at 3.16%. This indicates that IWFM.L's price experiences larger fluctuations and is considered to be riskier than EUHD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWFM.L	EUHD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.14%	3.16%	+5.98%
Volatility (6M) Calculated over the trailing 6-month period	16.78%	8.98%	+7.80%
Volatility (1Y) Calculated over the trailing 1-year period	19.12%	11.16%	+7.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.00%	13.73%	+8.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.69%	15.42%	+4.27%

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

IWFM.L has a 0.25% expense ratio, which is lower than EUHD.L's 0.30% expense ratio.

Dividends

IWFM.L vs. EUHD.L - Dividend Comparison

IWFM.L has not paid dividends to shareholders, while EUHD.L's dividend yield for the trailing twelve months is around 3.76%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EUHD.L PowerShares EURO STOXX High Dividend Low Volatility UCITS	3.76%	4.61%	5.86%	5.50%	5.43%	4.28%	3.06%	4.66%	4.33%	3.41%	3.51%
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%

Frequently Asked Questions

Can I hold both IWFM.L and EUHD.L in my portfolio?

IWFM.L and EUHD.L have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IWFM.L or EUHD.L?

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.

Which ETF is cheaper, IWFM.L or EUHD.L?

IWFM.L is cheaper with a 0.25% expense ratio, compared with 0.30% for EUHD.L.

What is the main difference between IWFM.L and EUHD.L?

IWFM.L is categorized as Momentum, while EUHD.L is Europe Equities. IWFM.L tracks MSCI World Momentum Index, while EUHD.L tracks MSCI EMU NR EUR. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.25% for IWFM.L and 0.30% for EUHD.L.