IWMO.L vs. QDVE.DE
IWMO.L (iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc)) and QDVE.DE (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 QDVE.DE 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 15.81%/yr vs 26.01%/yr for QDVE.DE. A 0.76 correlation means they provide meaningful diversification when combined. IWMO.L charges 0.25%/yr vs 0.15%/yr for QDVE.DE.
Performance
IWMO.L vs. QDVE.DE - Performance Comparison
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Different Trading Currencies
IWMO.L is traded in USD, while QDVE.DE is traded in EUR. To make them comparable, the QDVE.DE 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 QDVE.DE's 17.00% return. Over the past 10 years, IWMO.L has underperformed QDVE.DE with an annualized return of 15.81%, while QDVE.DE has yielded a comparatively higher 26.01% 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%
QDVE.DE
- 1D
- 2.41%
- 1M
- -0.93%
- YTD
- 17.00%
- 6M
- 19.03%
- 1Y
- 43.65%
- 3Y*
- 31.42%
- 5Y*
- 22.64%
- 10Y*
- 26.01%
IWMO.L vs. QDVE.DE - 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% |
QDVE.DE iShares S&P 500 Information Technology Sector UCITS ETF | 17.00% | 24.19% | 37.73% | 59.04% | -29.90% | 35.16% | 42.34% | 50.64% | -1.76% | 37.99% |
Correlation
The correlation between IWMO.L and QDVE.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2015 | 0.76 |
The correlation between IWMO.L and QDVE.DE has been stable across timeframes, ranging from 0.70 to 0.76 - a consistent structural relationship.
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Return for Risk
IWMO.L vs. QDVE.DE — Risk / Return Rank
IWMO.L
QDVE.DE
IWMO.L vs. QDVE.DE - 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 (QDVE.DE). 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 | QDVE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.33 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 2.56 | +0.45 |
| Martin ratioReturn relative to average drawdown | 12.88 | 7.56 | +5.32 |
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Drawdowns
IWMO.L vs. QDVE.DE - Drawdown Comparison
The maximum IWMO.L drawdown since its inception was -31.52%, smaller than the maximum QDVE.DE drawdown of -33.59%. Use the drawdown chart below to compare losses from any high point for IWMO.L and QDVE.DE.
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Drawdown Indicators
| IWMO.L | QDVE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.52% | -33.59% | +2.07% |
Max Drawdown (1Y)Largest decline over 1 year | -11.61% | -16.48% | +4.87% |
Max Drawdown (3Y)Largest decline over 3 years | -19.40% | -26.14% | +6.74% |
Max Drawdown (5Y)Largest decline over 5 years | -29.63% | -33.59% | +3.96% |
Max Drawdown (10Y)Largest decline over 10 years | -31.52% | -33.59% | +2.07% |
Current DrawdownCurrent decline from peak | -0.33% | -7.66% | +7.33% |
Average DrawdownAverage peak-to-trough decline | -6.02% | -5.95% | -0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 5.58% | -2.87% |
Volatility
IWMO.L vs. QDVE.DE - Volatility Comparison
The current volatility for iShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc) (IWMO.L) is 7.50%, while iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.DE) has a volatility of 8.28%. This indicates that IWMO.L experiences smaller price fluctuations and is considered to be less risky than QDVE.DE 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 | QDVE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.50% | 8.28% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 16.67% | 16.00% | +0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.90% | 20.96% | -2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.64% | 23.50% | -4.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.07% | 22.06% | -3.99% |
IWMO.L vs. QDVE.DE - Expense Ratio Comparison
IWMO.L has a 0.25% expense ratio, which is higher than QDVE.DE'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. QDVE.DE - Dividend Comparison
Neither IWMO.L nor QDVE.DE has paid dividends to shareholders.
Frequently Asked Questions
IWMO.L and QDVE.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVE.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for IWMO.L.
IWMO.L is categorized as Momentum, while QDVE.DE is Technology Equities. IWMO.L tracks MSCI World Momentum Index, while QDVE.DE tracks S&P 500 Capped 35/20 Information Technology Index. Their fees differ too: 0.25% for IWMO.L and 0.15% for QDVE.DE.
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