IWMO.MI vs. ^GSPC
IWMO.MI (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) is Momentum fund tracking the MSCI World Momentum Index, while ^GSPC (S&P 500 Index) is an index. A 0.56 correlation means they provide meaningful diversification when combined.
Performance
IWMO.MI vs. ^GSPC - Performance Comparison
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Different Trading Currencies
IWMO.MI is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IWMO.MI achieves a 22.51% return, which is significantly higher than ^GSPC's 12.06% return.
IWMO.MI
- 1D
- -0.90%
- 1M
- 6.80%
- YTD
- 22.51%
- 6M
- 23.59%
- 1Y
- 31.43%
- 3Y*
- 26.15%
- 5Y*
- 14.68%
- 10Y*
- 15.31%
^GSPC
- 1D
- 0.00%
- 1M
- 4.16%
- YTD
- 12.06%
- 6M
- 10.65%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWMO.MI vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IWMO.MI iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) | 22.51% | 7.34% |
^GSPC S&P 500 Index | 9.98% | 10.65% |
Correlation
The correlation between IWMO.MI and ^GSPC is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 9, 2025 | 0.56 |
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Return for Risk
IWMO.MI vs. ^GSPC — Risk / Return Rank
IWMO.MI
^GSPC
IWMO.MI vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWMO.MI) and S&P 500 Index (^GSPC). 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.MI | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.34 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | — | — |
| Martin ratioReturn relative to average drawdown | 13.36 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IWMO.MI | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 1.98 | -1.18 |
Drawdowns
IWMO.MI vs. ^GSPC - Drawdown Comparison
The maximum IWMO.MI drawdown since its inception was -31.03%, which is greater than ^GSPC's maximum drawdown of -7.57%. Use the drawdown chart below to compare losses from any high point for IWMO.MI and ^GSPC.
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Drawdown Indicators
| IWMO.MI | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.03% | -7.57% | -23.46% |
Max Drawdown (1Y)Largest decline over 1 year | -9.04% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -23.45% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.45% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.03% | — | — |
Current DrawdownCurrent decline from peak | -0.90% | -0.20% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -5.88% | -1.39% | -4.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | — | — |
Volatility
IWMO.MI vs. ^GSPC - Volatility Comparison
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Volatility by Period
| IWMO.MI | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.79% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 14.18% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.87% | 12.22% | +4.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.29% | 12.22% | +5.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.60% | 12.22% | +5.38% |
Frequently Asked Questions
IWMO.MI and ^GSPC have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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