IWFM.L vs. R1GR.AS
IWFM.L (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) and R1GR.AS (iShares Russell 1000 Growth UCITS ETF) are both exchange-traded funds - IWFM.L is a Momentum fund tracking the MSCI World Momentum Index, while R1GR.AS is a Large Cap Growth Equities fund tracking the Russell 1000 Growth UCITS 30/18 Capped index. Both are passively managed. Over the past year, IWFM.L returned 41.65% vs 21.08% for R1GR.AS. A 0.76 correlation means they provide meaningful diversification when combined. IWFM.L charges 0.25%/yr vs 0.18%/yr for R1GR.AS.
Performance
IWFM.L vs. R1GR.AS - Performance Comparison
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Different Trading Currencies
IWFM.L is traded in GBp, while R1GR.AS is traded in USD. To make them comparable, the R1GR.AS 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 27.91% return, which is significantly higher than R1GR.AS's 3.99% return.
IWFM.L
- 1D
- 1.72%
- 1M
- 6.70%
- YTD
- 27.91%
- 6M
- 27.20%
- 1Y
- 41.65%
- 3Y*
- 28.63%
- 5Y*
- 15.31%
- 10Y*
- 16.28%
R1GR.AS
- 1D
- 0.00%
- 1M
- -1.75%
- YTD
- 3.99%
- 6M
- 3.66%
- 1Y
- 21.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWFM.L vs. R1GR.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IWFM.L iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) | 27.91% | 12.72% | 32.62% | 11.08% |
R1GR.AS iShares Russell 1000 Growth UCITS ETF | 3.99% | 9.19% | 37.43% | 11.14% |
Correlation
The correlation between IWFM.L and R1GR.AS is 0.69, 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 | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2023 | 0.76 |
The correlation between IWFM.L and R1GR.AS has been stable across timeframes, ranging from 0.69 to 0.76 - a consistent structural relationship.
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Return for Risk
IWFM.L vs. R1GR.AS — Risk / Return Rank
IWFM.L
R1GR.AS
IWFM.L vs. R1GR.AS - 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 Russell 1000 Growth UCITS ETF (R1GR.AS). 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 | R1GR.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.23 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.63 | 1.33 | +3.31 |
| Martin ratioReturn relative to average drawdown | 17.51 | 3.54 | +13.98 |
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Drawdowns
IWFM.L vs. R1GR.AS - Drawdown Comparison
The maximum IWFM.L drawdown since its inception was -41.86%, which is greater than R1GR.AS's maximum drawdown of -25.24%. Use the drawdown chart below to compare losses from any high point for IWFM.L and R1GR.AS.
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Drawdown Indicators
| IWFM.L | R1GR.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.86% | -25.24% | -16.62% |
Max Drawdown (1Y)Largest decline over 1 year | -8.95% | -15.75% | +6.80% |
Max Drawdown (3Y)Largest decline over 3 years | -21.15% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.58% | — | — |
Current DrawdownCurrent decline from peak | -1.27% | -3.86% | +2.59% |
Average DrawdownAverage peak-to-trough decline | -9.39% | -4.39% | -5.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 5.93% | -3.56% |
Volatility
IWFM.L vs. R1GR.AS - Volatility Comparison
iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWFM.L) has a higher volatility of 7.32% compared to iShares Russell 1000 Growth UCITS ETF (R1GR.AS) at 5.02%. This indicates that IWFM.L's price experiences larger fluctuations and is considered to be riskier than R1GR.AS 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 | R1GR.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.32% | 5.02% | +2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 14.90% | 11.81% | +3.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.43% | 16.07% | +1.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.73% | 17.88% | +3.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.57% | 17.88% | +1.69% |
IWFM.L vs. R1GR.AS - Expense Ratio Comparison
IWFM.L has a 0.25% expense ratio, which is higher than R1GR.AS's 0.18% 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. R1GR.AS - Dividend Comparison
Neither IWFM.L nor R1GR.AS has paid dividends to shareholders.
Frequently Asked Questions
IWFM.L and R1GR.AS have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, R1GR.AS is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
R1GR.AS is cheaper with a 0.18% expense ratio, compared with 0.25% for IWFM.L.
IWFM.L is categorized as Momentum, while R1GR.AS is Large Cap Growth Equities. IWFM.L tracks MSCI World Momentum Index, while R1GR.AS tracks Russell 1000 Growth UCITS 30/18 Capped index. Their fees differ too: 0.25% for IWFM.L and 0.18% for R1GR.AS.
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