IWMO.MI vs. ACWV
IWMO.MI (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) and ACWV (iShares MSCI Global Min Vol Factor ETF) are both exchange-traded funds - IWMO.MI is a Momentum fund tracking the MSCI World Momentum Index, while ACWV is a Large Cap Blend Equities fund tracking the MSCI ACWI Minimum Volatility Index. Both are passively managed. Over the past 10 years, IWMO.MI returned 15.31%/yr vs 7.14%/yr for ACWV. At a 0.42 correlation, their price movements are largely independent. IWMO.MI charges 0.25%/yr vs 0.20%/yr for ACWV.
Performance
IWMO.MI vs. ACWV - Performance Comparison
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Different Trading Currencies
IWMO.MI is traded in EUR, while ACWV is traded in USD. To make them comparable, the ACWV 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 ACWV's 4.46% return. Over the past 10 years, IWMO.MI has outperformed ACWV with an annualized return of 15.31%, while ACWV has yielded a comparatively lower 7.14% annualized return.
IWMO.MI
- 1D
- -0.90%
- 1M
- 3.43%
- YTD
- 22.51%
- 6M
- 25.06%
- 1Y
- 34.28%
- 3Y*
- 26.15%
- 5Y*
- 14.68%
- 10Y*
- 15.31%
ACWV
- 1D
- 0.42%
- 1M
- 1.49%
- YTD
- 4.46%
- 6M
- 4.47%
- 1Y
- 5.40%
- 3Y*
- 7.45%
- 5Y*
- 6.42%
- 10Y*
- 7.14%
IWMO.MI vs. ACWV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWMO.MI iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) | 22.51% | 8.04% | 39.23% | 7.91% | -13.96% | 24.82% | 17.08% | 31.14% | 0.40% | 16.05% |
ACWV iShares MSCI Global Min Vol Factor ETF | 4.46% | -2.14% | 18.74% | 4.99% | -4.80% | 22.49% | -5.45% | 23.77% | 3.21% | 4.00% |
Correlation
The correlation between IWMO.MI and ACWV is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2015 | 0.42 |
Over the past year, the correlation between IWMO.MI and ACWV has dropped to 0.13 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.
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Return for Risk
IWMO.MI vs. ACWV — Risk / Return Rank
IWMO.MI
ACWV
IWMO.MI vs. ACWV - 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 iShares MSCI Global Min Vol Factor ETF (ACWV). 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.MI | ACWV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.11 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | 1.18 | +2.32 |
| Martin ratioReturn relative to average drawdown | 13.36 | 3.02 | +10.34 |
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Drawdowns
IWMO.MI vs. ACWV - Drawdown Comparison
The maximum IWMO.MI drawdown since its inception was -31.03%, which is greater than ACWV's maximum drawdown of -28.30%. Use the drawdown chart below to compare losses from any high point for IWMO.MI and ACWV.
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Drawdown Indicators
| IWMO.MI | ACWV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.03% | -28.30% | -2.73% |
Max Drawdown (1Y)Largest decline over 1 year | -9.04% | -4.25% | -4.79% |
Max Drawdown (3Y)Largest decline over 3 years | -23.45% | -11.40% | -12.05% |
Max Drawdown (5Y)Largest decline over 5 years | -23.45% | -11.80% | -11.65% |
Max Drawdown (10Y)Largest decline over 10 years | -31.03% | -28.30% | -2.73% |
Current DrawdownCurrent decline from peak | -0.90% | -2.74% | +1.84% |
Average DrawdownAverage peak-to-trough decline | -5.88% | -4.25% | -1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 1.67% | +0.70% |
Volatility
IWMO.MI vs. ACWV - Volatility Comparison
iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWMO.MI) has a higher volatility of 5.79% compared to iShares MSCI Global Min Vol Factor ETF (ACWV) at 1.76%. This indicates that IWMO.MI's price experiences larger fluctuations and is considered to be riskier than ACWV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWMO.MI | ACWV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.79% | 1.76% | +4.03% |
Volatility (6M)Calculated over the trailing 6-month period | 14.18% | 5.66% | +8.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.87% | 7.83% | +9.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.29% | 10.15% | +7.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.60% | 12.81% | +4.79% |
IWMO.MI vs. ACWV - Expense Ratio Comparison
IWMO.MI has a 0.25% expense ratio, which is higher than ACWV'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.MI vs. ACWV - Dividend Comparison
IWMO.MI has not paid dividends to shareholders, while ACWV's dividend yield for the trailing twelve months is around 2.03%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACWV iShares MSCI Global Min Vol Factor ETF | 2.03% | 2.09% | 2.33% | 2.41% | 2.18% | 1.92% | 1.77% | 2.54% | 2.32% | 2.04% | 2.56% | 2.28% |
IWMO.MI iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IWMO.MI and ACWV have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ACWV is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ACWV is cheaper with a 0.20% expense ratio, compared with 0.25% for IWMO.MI.
IWMO.MI is categorized as Momentum, while ACWV is Large Cap Blend Equities. IWMO.MI tracks MSCI World Momentum Index, while ACWV tracks MSCI ACWI Minimum Volatility Index. Their fees differ too: 0.25% for IWMO.MI and 0.20% for ACWV.
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