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IWMO.L vs. ISAC.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWMO.L vs. ISAC.L

Last updated Jun 5, 2026

IWMO.L (iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc)) and ISAC.L (iShares MSCI ACWI UCITS ETF USD (Acc)) are both exchange-traded funds - IWMO.L is a Momentum fund tracking the MSCI World Momentum Index, while ISAC.L is a Global Equities fund tracking the MSCI ACWI Index. Both are passively managed. Over the past 10 years, IWMO.L returned 15.58%/yr vs 12.63%/yr for ISAC.L. Their correlation of 0.88 suggests significant overlap in exposure. IWMO.L charges 0.25%/yr vs 0.20%/yr for ISAC.L.

Performance

IWMO.L vs. ISAC.L - 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 iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IWMO.L achieves a 21.89% return, which is significantly higher than ISAC.L's 11.54% return. Over the past 10 years, IWMO.L has outperformed ISAC.L with an annualized return of 15.58%, while ISAC.L has yielded a comparatively lower 12.63% annualized 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%

ISAC.L

1D
-0.10%
1M
2.51%
YTD
11.54%
6M
12.71%
1Y
28.36%
3Y*
21.19%
5Y*
11.38%
10Y*
12.63%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IWMO.L vs. ISAC.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IWMO.L
iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc)		21.89%21.04%30.50%11.96%-17.97%14.13%28.58%27.14%-3.85%32.09%
ISAC.L
iShares MSCI ACWI UCITS ETF USD (Acc)		11.54%22.36%17.81%22.57%-18.16%18.85%15.66%25.77%-9.73%24.39%

Correlation

The correlation between IWMO.L and ISAC.L is 0.86, 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

0.86

Correlation (3Y)
Calculated over the trailing 3-year period

0.89

Correlation (5Y)
Calculated over the trailing 5-year period

0.88

Correlation (10Y)
Calculated over the trailing 10-year period

0.88

Correlation (All Time)
Calculated using the full available price history since Oct 7, 2014

0.88

The correlation between IWMO.L and ISAC.L has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.

IWMO.L vs. ISAC.L - Sectors Allocation Comparison

Sectors
IWMO.L
ISAC.L

Technology

26.0%
33.9%

Industrials

18.7%
9.0%

Financial Services

13.1%
17.3%

Healthcare

10.7%
7.8%

Energy

10.6%
3.6%

Communication Services

6.8%
8.6%

Basic Materials

6.0%
2.9%

Utilities

3.7%
2.2%

Consumer Cyclical

1.6%
8.5%

Consumer Defensive

1.5%
4.4%

Real Estate

1.4%
1.2%

Technology

IWMO.L
26.0%
ISAC.L
33.9%

Industrials

IWMO.L
18.7%
ISAC.L
9.0%

Financial Services

IWMO.L
13.1%
ISAC.L
17.3%

Healthcare

IWMO.L
10.7%
ISAC.L
7.8%

Energy

IWMO.L
10.6%
ISAC.L
3.6%

Communication Services

IWMO.L
6.8%
ISAC.L
8.6%

Basic Materials

IWMO.L
6.0%
ISAC.L
2.9%

Utilities

IWMO.L
3.7%
ISAC.L
2.2%

Consumer Cyclical

IWMO.L
1.6%
ISAC.L
8.5%

Consumer Defensive

IWMO.L
1.5%
ISAC.L
4.4%

Real Estate

IWMO.L
1.4%
ISAC.L
1.2%

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iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc)

iShares MSCI ACWI UCITS ETF USD (Acc)

Often compared with IWMO.L:
IWMO.L vs. SPYIWMO.L vs. QMOMIWMO.L vs. VWRA.LIWMO.L vs. JPGL.LIWMO.L vs. IPRV.LIWMO.L vs. IWVL.LIWMO.L vs. AVUV
Often compared with ISAC.L:
ISAC.L vs. VWRA.LISAC.L vs. SSAC.LISAC.L vs. IWDA.LISAC.L vs. VTISAC.L vs. SWDA.LISAC.L vs. VOOISAC.L vs. SWRD.L

Return for Risk

IWMO.L vs. ISAC.L — 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: 6060
Overall Rank
IWMO.L Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
IWMO.L Sortino Ratio Rank: 6161
Sortino Ratio Rank
IWMO.L Omega Ratio Rank: 5656
Omega Ratio Rank
IWMO.L Calmar Ratio Rank: 6060
Calmar Ratio Rank
IWMO.L Martin Ratio Rank: 6969
Martin Ratio Rank
ISAC.L
ISAC.L Risk / Return Rank: 7373
Overall Rank
ISAC.L Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
ISAC.L Sortino Ratio Rank: 7777
Sortino Ratio Rank
ISAC.L Omega Ratio Rank: 7373
Omega Ratio Rank
ISAC.L Calmar Ratio Rank: 6767
Calmar Ratio Rank
ISAC.L Martin Ratio Rank: 7474
Martin Ratio Rank
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. ISAC.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 MSCI ACWI UCITS ETF USD (Acc) (ISAC.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.LISAC.LDifference
Sharpe ratioReturn per unit of total volatility
1.85
2.31

-0.46

Sortino ratioReturn per unit of downside risk
2.81
3.42

-0.61

Omega ratioGain probability vs. loss probability

1.34

1.43

-0.09

Calmar ratioReturn relative to maximum drawdown

2.90

3.27

-0.37

Martin ratioReturn relative to average drawdown

12.73

13.72

-0.98

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWMO.L vs. ISAC.L - Sharpe Ratio Comparison

The current IWMO.L Sharpe Ratio is 1.85, which is comparable to the ISAC.L Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of IWMO.L and ISAC.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IWMO.LISAC.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.85

2.31

-0.46

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.74

0.73

+0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.86

0.79

+0.07

Sharpe Ratio (All Time)

Calculated using the full available price history

0.80

0.75

+0.05

Drawdowns

IWMO.L vs. ISAC.L - Drawdown Comparison

The maximum IWMO.L drawdown since its inception was -31.52%, smaller than the maximum ISAC.L drawdown of -33.82%. Use the drawdown chart below to compare losses from any high point for IWMO.L and ISAC.L.

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Drawdown Indicators

IWMO.LISAC.LDifference

Max Drawdown

Largest peak-to-trough decline

-31.52%

-33.82%

+2.30%

Max Drawdown (1Y)

Largest decline over 1 year

-11.61%

-8.77%

-2.84%

Max Drawdown (3Y)

Largest decline over 3 years

-19.40%

-16.56%

-2.84%

Max Drawdown (5Y)

Largest decline over 5 years

-29.63%

-26.07%

-3.56%

Max Drawdown (10Y)

Largest decline over 10 years

-31.52%

-33.82%

+2.30%

Current Drawdown

Current decline from peak

-0.78%

-0.72%

-0.06%

Average Drawdown

Average peak-to-trough decline

-6.03%

-4.69%

-1.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.65%

2.10%

+0.55%

Volatility

IWMO.L vs. ISAC.L - Volatility Comparison

iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc) (IWMO.L) has a higher volatility of 6.56% compared to iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L) at 3.84%. This indicates that IWMO.L's price experiences larger fluctuations and is considered to be riskier than ISAC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IWMO.LISAC.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.56%

3.84%

+2.72%

Volatility (6M)

Calculated over the trailing 6-month period

15.84%

9.77%

+6.07%

Volatility (1Y)

Calculated over the trailing 1-year period

18.21%

12.40%

+5.81%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.50%

15.57%

+2.93%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.01%

15.95%

+2.06%

IWMO.L vs. ISAC.L - Expense Ratio Comparison

IWMO.L has a 0.25% expense ratio, which is higher than ISAC.L's 0.20% 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

IWMO.L vs. ISAC.L - Dividend Comparison

Neither IWMO.L nor ISAC.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

IWMO.L and ISAC.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ISAC.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ISAC.L is cheaper with a 0.20% expense ratio, compared with 0.25% for IWMO.L.

IWMO.L is categorized as Momentum, while ISAC.L is Global Equities. IWMO.L tracks MSCI World Momentum Index, while ISAC.L tracks MSCI ACWI Index. Their fees differ too: 0.25% for IWMO.L and 0.20% for ISAC.L.

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