IWFM.L vs. XWEM.L
IWFM.L (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) and XWEM.L (Xtrackers MSCI World Momentum ESG UCITS ETF 1C) are both exchange-traded funds - IWFM.L is a Momentum fund tracking the MSCI World Momentum Index, while XWEM.L is a Global Equities fund tracking the MSCI World Momentum Low Carbon SRI Screened Select. Both are passively managed. Over the past year, IWFM.L returned 41.65% vs 40.70% for XWEM.L. Their correlation of 0.90 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
IWFM.L vs. XWEM.L - Performance Comparison
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Different Trading Currencies
IWFM.L is traded in GBp, while XWEM.L is traded in USD. To make them comparable, the XWEM.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 27.91% return, which is significantly higher than XWEM.L's 24.72% 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%
XWEM.L
- 1D
- 0.00%
- 1M
- 4.99%
- YTD
- 24.72%
- 6M
- 24.34%
- 1Y
- 40.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWFM.L vs. XWEM.L - 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% | 9.09% |
XWEM.L Xtrackers MSCI World Momentum ESG UCITS ETF 1C | 24.72% | 12.90% | 31.08% | 9.26% |
Correlation
The correlation between IWFM.L and XWEM.L is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2023 | 0.90 |
The correlation between IWFM.L and XWEM.L has been stable across timeframes, ranging from 0.90 to 0.90 - a consistent structural relationship.
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Return for Risk
IWFM.L vs. XWEM.L — Risk / Return Rank
IWFM.L
XWEM.L
IWFM.L vs. XWEM.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 Xtrackers MSCI World Momentum ESG UCITS ETF 1C (XWEM.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 | XWEM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.44 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.63 | 4.37 | +0.26 |
| Martin ratioReturn relative to average drawdown | 17.51 | 17.15 | +0.36 |
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Drawdowns
IWFM.L vs. XWEM.L - Drawdown Comparison
The maximum IWFM.L drawdown since its inception was -41.86%, which is greater than XWEM.L's maximum drawdown of -20.14%. Use the drawdown chart below to compare losses from any high point for IWFM.L and XWEM.L.
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Drawdown Indicators
| IWFM.L | XWEM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.86% | -20.14% | -21.72% |
Max Drawdown (1Y)Largest decline over 1 year | -8.95% | -9.26% | +0.31% |
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% | -1.65% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -9.39% | -2.39% | -7.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 2.37% | 0.00% |
Volatility
IWFM.L vs. XWEM.L - Volatility Comparison
iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWFM.L) has a higher volatility of 7.32% compared to Xtrackers MSCI World Momentum ESG UCITS ETF 1C (XWEM.L) at 5.94%. This indicates that IWFM.L's price experiences larger fluctuations and is considered to be riskier than XWEM.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 | XWEM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.32% | 5.94% | +1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 14.90% | 14.30% | +0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.43% | 17.00% | +0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.73% | 16.81% | +4.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.57% | 16.81% | +2.76% |
IWFM.L vs. XWEM.L - Expense Ratio Comparison
Both IWFM.L and XWEM.L 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. XWEM.L - Dividend Comparison
Neither IWFM.L nor XWEM.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.90, IWFM.L and XWEM.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 XWEM.L have the same expense ratio: 0.25% per year.
IWFM.L is categorized as Momentum, while XWEM.L is Global Equities. IWFM.L tracks MSCI World Momentum Index, while XWEM.L tracks MSCI World Momentum Low Carbon SRI Screened Select. They also come from different issuers: iShares and Xtrackers.
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