IWMO.L vs. ITPS.L
IWMO.L (iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc)) and ITPS.L (iShares $ TIPS UCITS ETF USD (Acc)) are both exchange-traded funds - IWMO.L is a Momentum fund tracking the MSCI World Momentum Index, while ITPS.L is a Inflation-Protected Bonds fund tracking the Bloomberg Gbl Infl Linked US TIPS TR USD. Both are passively managed. Over the past 10 years, IWMO.L returned 15.81%/yr vs 2.51%/yr for ITPS.L. At a correlation of -0.06, they often move in opposite directions. IWMO.L charges 0.25%/yr vs 0.12%/yr for ITPS.L.
Performance
IWMO.L vs. ITPS.L - Performance Comparison
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Different Trading Currencies
IWMO.L is traded in USD, while ITPS.L is traded in GBP. To make them comparable, the ITPS.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 ITPS.L's 0.82% return. Over the past 10 years, IWMO.L has outperformed ITPS.L with an annualized return of 15.81%, while ITPS.L has yielded a comparatively lower 2.51% 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%
ITPS.L
- 1D
- -0.57%
- 1M
- 0.07%
- YTD
- 0.82%
- 6M
- 1.09%
- 1Y
- 4.83%
- 3Y*
- 3.87%
- 5Y*
- 0.79%
- 10Y*
- 2.51%
IWMO.L vs. ITPS.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% |
ITPS.L iShares $ TIPS UCITS ETF USD (Acc) | 0.82% | 7.23% | 1.85% | 3.08% | -12.79% | 6.77% | 10.40% | 9.56% | -1.65% | 2.91% |
Correlation
The correlation between IWMO.L and ITPS.L is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2014 | -0.06 |
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Return for Risk
IWMO.L vs. ITPS.L — Risk / Return Rank
IWMO.L
ITPS.L
IWMO.L vs. ITPS.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 $ TIPS UCITS ETF USD (Acc) (ITPS.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 | ITPS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.07 | ||
| Sortino ratioReturn per unit of downside risk | +1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.13 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 1.83 | +1.18 |
| Martin ratioReturn relative to average drawdown | 12.88 | 5.49 | +7.39 |
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Drawdowns
IWMO.L vs. ITPS.L - Drawdown Comparison
The maximum IWMO.L drawdown since its inception was -31.52%, smaller than the maximum ITPS.L drawdown of -99.56%. Use the drawdown chart below to compare losses from any high point for IWMO.L and ITPS.L.
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Drawdown Indicators
| IWMO.L | ITPS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.52% | -99.56% | +68.04% |
Max Drawdown (1Y)Largest decline over 1 year | -11.61% | -2.31% | -9.30% |
Max Drawdown (3Y)Largest decline over 3 years | -19.40% | -19.46% | +0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -29.63% | -24.49% | -5.14% |
Max Drawdown (10Y)Largest decline over 10 years | -31.52% | -24.49% | -7.03% |
Current DrawdownCurrent decline from peak | -0.33% | -99.19% | +98.86% |
Average DrawdownAverage peak-to-trough decline | -6.02% | -94.57% | +88.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 0.77% | +1.94% |
Volatility
IWMO.L vs. ITPS.L - Volatility Comparison
iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc) (IWMO.L) has a higher volatility of 7.50% compared to iShares $ TIPS UCITS ETF USD (Acc) (ITPS.L) at 1.71%. This indicates that IWMO.L's price experiences larger fluctuations and is considered to be riskier than ITPS.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.L | ITPS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.50% | 1.71% | +5.79% |
Volatility (6M)Calculated over the trailing 6-month period | 16.67% | 4.14% | +12.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.90% | 5.49% | +13.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.64% | 20.44% | -1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.07% | 15.49% | +2.58% |
IWMO.L vs. ITPS.L - Expense Ratio Comparison
IWMO.L has a 0.25% expense ratio, which is higher than ITPS.L's 0.12% 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. ITPS.L - Dividend Comparison
Neither IWMO.L nor ITPS.L has paid dividends to shareholders.
Frequently Asked Questions
IWMO.L and ITPS.L have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ITPS.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ITPS.L is cheaper with a 0.12% expense ratio, compared with 0.25% for IWMO.L.
IWMO.L is categorized as Momentum, while ITPS.L is Inflation-Protected Bonds. IWMO.L tracks MSCI World Momentum Index, while ITPS.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD. Their fees differ too: 0.25% for IWMO.L and 0.12% for ITPS.L.
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