IWMO.L vs. IUIT.L

Last updated Jun 5, 2026

IWMO.L (iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc)) and IUIT.L (iShares S&P 500 Information Technology Sector UCITS ETF) are both exchange-traded funds - IWMO.L is a Momentum fund tracking the MSCI World Momentum Index, while IUIT.L is a Technology Equities fund tracking the S&P 500 Capped 35/20 Information Technology Index. Both are passively managed. Over the past 10 years, IWMO.L returned 15.58%/yr vs 26.33%/yr for IUIT.L. A 0.79 correlation means they provide meaningful diversification when combined. IWMO.L charges 0.25%/yr vs 0.15%/yr for IUIT.L.

Performance

IWMO.L vs. IUIT.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 S&P 500 Information Technology Sector UCITS ETF (IUIT.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IWMO.L achieves a 21.89% return, which is significantly lower than IUIT.L's 23.04% return. Over the past 10 years, IWMO.L has underperformed IUIT.L with an annualized return of 15.58%, while IUIT.L has yielded a comparatively higher 26.33% 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%

IUIT.L

• 1D: -2.11%
• 1M: 10.65%
• YTD: 23.04%
• 6M: 22.40%
• 1Y: 50.55%
• 3Y*: 34.42%
• 5Y*: 24.18%
• 10Y*: 26.33%

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

IWMO.L vs. IUIT.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)	21.89%	21.04%	30.50%	11.96%	-17.97%	14.13%	28.58%	27.14%	-3.85%	32.09%
IUIT.L iShares S&P 500 Information Technology Sector UCITS ETF	23.04%	22.93%	38.51%	59.45%	-29.15%	34.09%	43.14%	48.90%	-1.41%	38.43%

Correlation

The correlation between IWMO.L and IUIT.L is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Dec 7, 2015	0.79

The correlation between IWMO.L and IUIT.L has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.

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

Sectors	IWMO.L	IUIT.L
Technology	26.0%	99.6%
Industrials	18.7%	0.0%
Financial Services	13.1%	-
Healthcare	10.7%	-
Energy	10.6%	0.1%
Communication Services	6.8%	-
Basic Materials	6.0%	-
Utilities	3.7%	-
Consumer Cyclical	1.6%	-
Consumer Defensive	1.5%	-
Real Estate	1.4%	-

Return for Risk

IWMO.L vs. IUIT.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: 60
IWMO.L Sharpe Ratio Rank: 55
IWMO.L Sortino Ratio Rank: 61
IWMO.L Omega Ratio Rank: 56
IWMO.L Calmar Ratio Rank: 60
IWMO.L Martin Ratio Rank: 69

IUIT.L

IUIT.L Risk / Return Rank: 68
IUIT.L Sharpe Ratio Rank: 80
IUIT.L Sortino Ratio Rank: 76
IUIT.L Omega Ratio Rank: 70
IUIT.L Calmar Ratio Rank: 62
IUIT.L Martin Ratio Rank: 53

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. IUIT.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 S&P 500 Information Technology Sector UCITS ETF (IUIT.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	IUIT.L	Difference
Sharpe ratio: Return per unit of total volatility	1.85	2.55	-0.69
Sortino ratio: Return per unit of downside risk	2.81	3.36	-0.55
Omega ratio: Gain probability vs. loss probability	1.34	1.41	-0.07
Calmar ratio: Return relative to maximum drawdown	2.90	3.03	-0.13
Martin ratio: Return relative to average drawdown	12.73	8.99	+3.75
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. IUIT.L - Sharpe Ratio Comparison

The current IWMO.L Sharpe Ratio is 1.85, which is comparable to the IUIT.L Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of IWMO.L and IUIT.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.

Sharpe Ratios by Period

	IWMO.L	IUIT.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.85	2.55	-0.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	1.02	-0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.86	1.20	-0.34
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	1.16	-0.36

Drawdowns

IWMO.L vs. IUIT.L - Drawdown Comparison

The maximum IWMO.L drawdown since its inception was -31.52%, smaller than the maximum IUIT.L drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for IWMO.L and IUIT.L.

Drawdown Indicators

	IWMO.L	IUIT.L	Difference
Max Drawdown Largest peak-to-trough decline	-31.52%	-33.46%	+1.94%
Max Drawdown (1Y) Largest decline over 1 year	-11.61%	-17.03%	+5.42%
Max Drawdown (3Y) Largest decline over 3 years	-19.40%	-26.40%	+7.00%
Max Drawdown (5Y) Largest decline over 5 years	-29.63%	-33.46%	+3.83%
Max Drawdown (10Y) Largest decline over 10 years	-31.52%	-33.46%	+1.94%
Current Drawdown Current decline from peak	-0.78%	-3.14%	+2.36%
Average Drawdown Average peak-to-trough decline	-6.03%	-6.02%	-0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	5.76%	-3.11%

Volatility

IWMO.L vs. IUIT.L - Volatility Comparison

The current volatility for iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc) (IWMO.L) is 6.56%, while iShares S&P 500 Information Technology Sector UCITS ETF (IUIT.L) has a volatility of 7.49%. This indicates that IWMO.L experiences smaller price fluctuations and is considered to be less risky than IUIT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWMO.L	IUIT.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.56%	7.49%	-0.93%
Volatility (6M) Calculated over the trailing 6-month period	15.84%	15.53%	+0.31%
Volatility (1Y) Calculated over the trailing 1-year period	18.21%	20.28%	-2.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.50%	23.61%	-5.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.01%	22.47%	-4.46%

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

IWMO.L has a 0.25% expense ratio, which is higher than IUIT.L's 0.15% 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. IUIT.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IWMO.L and IUIT.L in my portfolio?

IWMO.L and IUIT.L have a correlation of 0.76, 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 IUIT.L?

On fees, IUIT.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IWMO.L or IUIT.L?

IUIT.L is cheaper with a 0.15% expense ratio, compared with 0.25% for IWMO.L.

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

IWMO.L is categorized as Momentum, while IUIT.L is Technology Equities. IWMO.L tracks MSCI World Momentum Index, while IUIT.L tracks S&P 500 Capped 35/20 Information Technology Index. Their fees differ too: 0.25% for IWMO.L and 0.15% for IUIT.L.