IWMO.L vs. AVSG.L
IWMO.L (iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc)) and AVSG.L (Avantis Global Small Cap Value UCITS ETF USD Acc) are both exchange-traded funds - IWMO.L is a Momentum fund tracking the MSCI World Momentum Index, while AVSG.L is a Small Cap Value Equities fund actively managed by Avantis. IWMO.L is passively managed, while AVSG.L is actively managed. Over the past year, IWMO.L returned 33.45% vs 38.69% for AVSG.L. A 0.53 correlation means they provide meaningful diversification when combined. IWMO.L charges 0.25%/yr vs 0.39%/yr for AVSG.L.
Performance
IWMO.L vs. AVSG.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IWMO.L achieves a 21.89% return, which is significantly higher than AVSG.L's 17.60% return.
IWMO.L
- 1D
- -0.78%
- 1M
- 5.62%
- YTD
- 21.89%
- 6M
- 23.45%
- 1Y
- 33.45%
- 3Y*
- 29.58%
- 5Y*
- 13.62%
- 10Y*
- 15.58%
AVSG.L
- 1D
- 0.38%
- 1M
- 1.56%
- YTD
- 17.60%
- 6M
- 17.30%
- 1Y
- 38.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWMO.L vs. AVSG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IWMO.L iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc) | 21.89% | 21.04% | -2.74% |
AVSG.L Avantis Global Small Cap Value UCITS ETF USD Acc | 17.60% | 12.18% | -4.47% |
Correlation
The correlation between IWMO.L and AVSG.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2024 | 0.53 |
The correlation between IWMO.L and AVSG.L has been stable across timeframes, ranging from 0.44 to 0.53 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IWMO.L vs. AVSG.L — Risk / Return Rank
IWMO.L
AVSG.L
IWMO.L vs. AVSG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc) (IWMO.L) and Avantis Global Small Cap Value UCITS ETF USD Acc (AVSG.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.
| IWMO.L | AVSG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.53 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | 5.57 | -2.66 |
| Martin ratioReturn relative to average drawdown | 12.73 | 21.27 | -8.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IWMO.L | AVSG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 2.99 | -1.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 1.06 | -0.26 |
Drawdowns
IWMO.L vs. AVSG.L - Drawdown Comparison
The maximum IWMO.L drawdown since its inception was -31.52%, which is greater than AVSG.L's maximum drawdown of -21.38%. Use the drawdown chart below to compare losses from any high point for IWMO.L and AVSG.L.
Loading charts...
Drawdown Indicators
| IWMO.L | AVSG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.52% | -21.38% | -10.14% |
Max Drawdown (1Y)Largest decline over 1 year | -11.61% | -6.90% | -4.71% |
Max Drawdown (3Y)Largest decline over 3 years | -19.40% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.63% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.52% | — | — |
Current DrawdownCurrent decline from peak | -0.78% | -0.55% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -4.00% | -2.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 1.81% | +0.84% |
Volatility
IWMO.L vs. AVSG.L - Volatility Comparison
iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc) (IWMO.L) has a higher volatility of 6.56% compared to Avantis Global Small Cap Value UCITS ETF USD Acc (AVSG.L) at 3.39%. This indicates that IWMO.L's price experiences larger fluctuations and is considered to be riskier than AVSG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IWMO.L | AVSG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.56% | 3.39% | +3.17% |
Volatility (6M)Calculated over the trailing 6-month period | 15.84% | 9.04% | +6.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.21% | 12.87% | +5.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.50% | 15.87% | +2.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.01% | 15.87% | +2.14% |
IWMO.L vs. AVSG.L - Expense Ratio Comparison
IWMO.L has a 0.25% expense ratio, which is lower than AVSG.L's 0.39% expense ratio.
Dividends
IWMO.L vs. AVSG.L - Dividend Comparison
Neither IWMO.L nor AVSG.L has paid dividends to shareholders.
Frequently Asked Questions
IWMO.L and AVSG.L have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWMO.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWMO.L is cheaper with a 0.25% expense ratio, compared with 0.39% for AVSG.L.
IWMO.L is categorized as Momentum, while AVSG.L is Small Cap Value Equities. They also come from different issuers: iShares and Avantis. Their fees differ too: 0.25% for IWMO.L and 0.39% for AVSG.L.
Find the right allocation for IWMO.L and AVSG.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer