IWMO.L vs. IDMO

Last updated Jul 16, 2026

IWMO.L (iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc)) and IDMO (Invesco S&P International Developed Momentum ETF) are both Momentum funds - IWMO.L tracks the MSCI World Momentum Index while IDMO tracks the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. Both are passively managed. Over the past 10 years, IWMO.L returned 14.86%/yr vs 12.65%/yr for IDMO. A 0.51 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.

Performance

IWMO.L vs. IDMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc) (IWMO.L) and Invesco S&P International Developed Momentum ETF (IDMO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IWMO.L achieves a 18.37% return, which is significantly higher than IDMO's 10.02% return. Over the past 10 years, IWMO.L has outperformed IDMO with an annualized return of 14.86%, while IDMO has yielded a comparatively lower 12.65% annualized return.

IWMO.L

• 1D: -2.22%
• 1M: -5.18%
• 6M: 15.68%
• YTD: 18.37%
• 1Y: 28.99%
• 3Y*: 25.82%
• 5Y*: 13.01%
• 10Y*: 14.86%

IDMO

• 1D: 0.72%
• 1M: 0.15%
• 6M: 7.03%
• YTD: 10.02%
• 1Y: 24.61%
• 3Y*: 25.56%
• 5Y*: 15.87%
• 10Y*: 12.65%

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

IWMO.L vs. IDMO - 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)	18.37%	21.04%	30.50%	11.96%	-17.97%	14.13%	28.58%	27.14%	-3.85%	32.09%
IDMO Invesco S&P International Developed Momentum ETF	10.02%	42.17%	12.79%	20.16%	-12.03%	14.31%	22.01%	26.09%	-16.66%	29.21%

Correlation

The correlation between IWMO.L and IDMO is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (10Y) Calculated over the trailing 10-year period	0.54
Correlation (All Time) Calculated using the full available price history since Oct 6, 2014	0.51

The correlation between IWMO.L and IDMO shifts across timeframes, from 0.51 (all time) to 0.67 (1 year), reflecting how their relationship changes across market environments.

IWMO.L vs. IDMO - Sectors Allocation Comparison

Sectors	IWMO.L	IDMO
Technology	35.1%	6.2%
Industrials	15.6%	21.3%
Financial Services	12.3%	43.2%
Energy	10.2%	1.7%
Healthcare	7.6%	1.1%
Basic Materials	5.7%	10.6%
Communication Services	5.7%	2.1%
Utilities	2.8%	7.9%
Consumer Defensive	2.1%	2.5%
Consumer Cyclical	1.8%	1.5%
Real Estate	1.2%	1.8%

Return for Risk

IWMO.L vs. IDMO — Risk / Return Rank

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

IWMO.L

IWMO.L Risk / Return Rank: 57
IWMO.L Sharpe Ratio Rank: 49
IWMO.L Sortino Ratio Rank: 54
IWMO.L Omega Ratio Rank: 50
IWMO.L Calmar Ratio Rank: 62
IWMO.L Martin Ratio Rank: 67

IDMO

IDMO Risk / Return Rank: 50
IDMO Sharpe Ratio Rank: 47
IDMO Sortino Ratio Rank: 48
IDMO Omega Ratio Rank: 47
IDMO Calmar Ratio Rank: 49
IDMO Martin Ratio Rank: 57

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.

IWMO.L vs. IDMO - 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 Invesco S&P International Developed Momentum ETF (IDMO). 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	IDMO	Difference
Sharpe ratio: Return per unit of total volatility	1.40	1.34	+0.06
Sortino ratio: Return per unit of downside risk	2.11	1.95	+0.15
Omega ratio: Gain probability vs. loss probability	1.26	1.25	+0.01
Calmar ratio: Return relative to maximum drawdown	2.49	2.01	+0.48
Martin ratio: Return relative to average drawdown	9.70	7.90	+1.80

IWMO.L vs. IDMO - Sharpe Ratio Comparison

The current IWMO.L Sharpe Ratio is 1.40, which is comparable to the IDMO Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of IWMO.L and IDMO, 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

IWMO.L vs. IDMO - Drawdown Comparison

The maximum IWMO.L drawdown since its inception was -31.52%, smaller than the maximum IDMO drawdown of -39.38%. Use the drawdown chart below to compare losses from any high point for IWMO.L and IDMO.

Drawdown Indicators

	IWMO.L	IDMO	Difference
Max Drawdown Largest peak-to-trough decline	-31.52%	-39.38%	+7.86%
Max Drawdown (1Y) Largest decline over 1 year	-11.61%	-12.31%	+0.70%
Max Drawdown (3Y) Largest decline over 3 years	-19.40%	-12.65%	-6.75%
Max Drawdown (5Y) Largest decline over 5 years	-29.63%	-27.07%	-2.56%
Max Drawdown (10Y) Largest decline over 10 years	-31.52%	-31.34%	-0.18%
Current Drawdown Current decline from peak	-7.24%	-2.38%	-4.86%
Average Drawdown Average peak-to-trough decline	-6.00%	-9.70%	+3.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.98%	3.12%	-0.14%

Volatility

IWMO.L vs. IDMO - Volatility Comparison

iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc) (IWMO.L) has a higher volatility of 8.95% compared to Invesco S&P International Developed Momentum ETF (IDMO) at 5.91%. This indicates that IWMO.L's price experiences larger fluctuations and is considered to be riskier than IDMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWMO.L	IDMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.95%	5.91%	+3.04%
Volatility (6M) Calculated over the trailing 6-month period	18.45%	16.78%	+1.67%
Volatility (1Y) Calculated over the trailing 1-year period	20.68%	18.50%	+2.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.99%	18.13%	+0.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.25%	17.89%	+0.36%

IWMO.L vs. IDMO - Expense Ratio Comparison

Both IWMO.L and IDMO 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. IDMO - Dividend Comparison

IWMO.L has not paid dividends to shareholders, while IDMO's dividend yield for the trailing twelve months is around 3.63%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDMO Invesco S&P International Developed Momentum ETF	3.63%	3.71%	2.24%	2.89%	3.66%	1.81%	1.63%	2.78%	3.27%	3.08%	2.18%	2.52%
IWMO.L iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc)	0.00%	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 IWMO.L and IDMO in my portfolio?

IWMO.L and IDMO have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IWMO.L or IDMO?

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IWMO.L or IDMO?

IWMO.L and IDMO have the same expense ratio: 0.25% per year.

What is the main difference between IWMO.L and IDMO?

IWMO.L tracks MSCI World Momentum Index, while IDMO tracks S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. They also come from different issuers: iShares and Invesco.