IWMO.L vs. EGLN.L
IWMO.L (iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc)) and EGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - IWMO.L is a Momentum fund tracking the MSCI World Momentum Index, while EGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, IWMO.L returned 15.81%/yr vs 11.12%/yr for EGLN.L. At a 0.06 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.
Performance
IWMO.L vs. EGLN.L - Performance Comparison
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Different Trading Currencies
IWMO.L is traded in USD, while EGLN.L is traded in EUR. To make them comparable, the EGLN.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IWMO.L achieves a 22.44% return, which is significantly higher than EGLN.L's -2.27% return. Over the past 10 years, IWMO.L has outperformed EGLN.L with an annualized return of 15.81%, while EGLN.L has yielded a comparatively lower 11.12% annualized return.
IWMO.L
- 1D
- 3.90%
- 1M
- 3.40%
- YTD
- 22.44%
- 6M
- 24.67%
- 1Y
- 35.46%
- 3Y*
- 28.94%
- 5Y*
- 13.75%
- 10Y*
- 15.81%
EGLN.L
- 1D
- 2.73%
- 1M
- -10.09%
- YTD
- -2.27%
- 6M
- -1.66%
- 1Y
- 23.03%
- 3Y*
- 29.23%
- 5Y*
- 17.39%
- 10Y*
- 11.12%
IWMO.L vs. EGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWMO.L iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc) | 22.44% | 21.04% | 30.50% | 11.96% | -17.97% | 14.13% | 28.58% | 27.14% | -3.85% | 32.09% |
EGLN.L iShares Physical Gold ETC | -2.27% | 65.63% | 26.01% | 12.82% | -0.37% | -3.23% | 23.75% | 18.25% | -1.44% | 13.61% |
Correlation
The correlation between IWMO.L and EGLN.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2014 | 0.06 |
Over the past year, IWMO.L and EGLN.L have become more correlated (0.28) than their long-term average of 0.06, meaning their price movements have been converging.
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Return for Risk
IWMO.L vs. EGLN.L — Risk / Return Rank
IWMO.L
EGLN.L
IWMO.L vs. EGLN.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 iShares Physical Gold ETC (EGLN.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.
| IWMO.L | EGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.19 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 1.06 | +1.95 |
| Martin ratioReturn relative to average drawdown | 12.88 | 3.23 | +9.65 |
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Drawdowns
IWMO.L vs. EGLN.L - Drawdown Comparison
The maximum IWMO.L drawdown since its inception was -31.52%, smaller than the maximum EGLN.L drawdown of -59.11%. Use the drawdown chart below to compare losses from any high point for IWMO.L and EGLN.L.
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Drawdown Indicators
| IWMO.L | EGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.52% | -59.11% | +27.59% |
Max Drawdown (1Y)Largest decline over 1 year | -11.61% | -22.68% | +11.07% |
Max Drawdown (3Y)Largest decline over 3 years | -19.40% | -22.68% | +3.28% |
Max Drawdown (5Y)Largest decline over 5 years | -29.63% | -22.68% | -6.95% |
Max Drawdown (10Y)Largest decline over 10 years | -31.52% | -26.49% | -5.03% |
Current DrawdownCurrent decline from peak | -0.33% | -20.57% | +20.24% |
Average DrawdownAverage peak-to-trough decline | -6.02% | -33.85% | +27.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 7.44% | -4.73% |
Volatility
IWMO.L vs. EGLN.L - Volatility Comparison
iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc) (IWMO.L) and iShares Physical Gold ETC (EGLN.L) have volatilities of 7.50% and 7.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWMO.L | EGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.50% | 7.25% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 16.67% | 21.66% | -4.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.90% | 24.87% | -5.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.64% | 18.43% | +0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.07% | 17.10% | +0.97% |
IWMO.L vs. EGLN.L - Expense Ratio Comparison
Both IWMO.L and EGLN.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
IWMO.L vs. EGLN.L - Dividend Comparison
Neither IWMO.L nor EGLN.L has paid dividends to shareholders.
Frequently Asked Questions
IWMO.L and EGLN.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IWMO.L and EGLN.L have the same expense ratio: 0.25% per year.
IWMO.L is categorized as Momentum, while EGLN.L is Gold. IWMO.L tracks MSCI World Momentum Index, while EGLN.L tracks LBMA Gold Price.
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