IWMO.MI vs. CSNDX.MI
IWMO.MI (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) and CSNDX.MI (iShares NASDAQ 100 UCITS ETF USD (Acc)) are both exchange-traded funds - IWMO.MI is a Momentum fund tracking the MSCI World Momentum Index, while CSNDX.MI is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, IWMO.MI returned 15.31%/yr vs 21.25%/yr for CSNDX.MI. A 0.79 correlation means they provide meaningful diversification when combined. IWMO.MI charges 0.25%/yr vs 0.30%/yr for CSNDX.MI.
Performance
IWMO.MI vs. CSNDX.MI - Performance Comparison
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Returns By Period
In the year-to-date period, IWMO.MI achieves a 22.51% return, which is significantly higher than CSNDX.MI's 20.42% return. Over the past 10 years, IWMO.MI has underperformed CSNDX.MI with an annualized return of 15.31%, while CSNDX.MI has yielded a comparatively higher 21.25% annualized 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%
CSNDX.MI
- 1D
- -0.81%
- 1M
- 7.99%
- YTD
- 20.42%
- 6M
- 18.69%
- 1Y
- 37.08%
- 3Y*
- 24.49%
- 5Y*
- 18.66%
- 10Y*
- 21.25%
IWMO.MI vs. CSNDX.MI - 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% |
CSNDX.MI iShares NASDAQ 100 UCITS ETF USD (Acc) | 20.42% | 6.74% | 35.09% | 50.07% | -30.24% | 39.83% | 35.45% | 41.91% | 3.62% | 16.34% |
Correlation
The correlation between IWMO.MI and CSNDX.MI is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2015 | 0.79 |
The correlation between IWMO.MI and CSNDX.MI has been stable across timeframes, ranging from 0.77 to 0.85 - a consistent structural relationship.
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Return for Risk
IWMO.MI vs. CSNDX.MI — Risk / Return Rank
IWMO.MI
CSNDX.MI
IWMO.MI vs. CSNDX.MI - 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 NASDAQ 100 UCITS ETF USD (Acc) (CSNDX.MI). 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 | CSNDX.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.42 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | 3.79 | -0.29 |
| Martin ratioReturn relative to average drawdown | 13.36 | 11.18 | +2.17 |
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 | CSNDX.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 2.42 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.94 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | 1.08 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 1.07 | -0.27 |
Drawdowns
IWMO.MI vs. CSNDX.MI - Drawdown Comparison
The maximum IWMO.MI drawdown since its inception was -31.03%, roughly equal to the maximum CSNDX.MI drawdown of -31.19%. Use the drawdown chart below to compare losses from any high point for IWMO.MI and CSNDX.MI.
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Drawdown Indicators
| IWMO.MI | CSNDX.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.03% | -31.19% | +0.16% |
Max Drawdown (1Y)Largest decline over 1 year | -9.04% | -9.95% | +0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -23.45% | -26.71% | +3.26% |
Max Drawdown (5Y)Largest decline over 5 years | -23.45% | -31.19% | +7.74% |
Max Drawdown (10Y)Largest decline over 10 years | -31.03% | -31.19% | +0.16% |
Current DrawdownCurrent decline from peak | -0.90% | -0.81% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -5.88% | -5.43% | -0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 3.37% | -1.00% |
Volatility
IWMO.MI vs. CSNDX.MI - Volatility Comparison
iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWMO.MI) has a higher volatility of 5.79% compared to iShares NASDAQ 100 UCITS ETF USD (Acc) (CSNDX.MI) at 4.28%. This indicates that IWMO.MI's price experiences larger fluctuations and is considered to be riskier than CSNDX.MI 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 | CSNDX.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.79% | 4.28% | +1.51% |
Volatility (6M)Calculated over the trailing 6-month period | 14.18% | 10.79% | +3.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.87% | 15.61% | +1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.29% | 19.79% | -2.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.60% | 19.61% | -2.01% |
IWMO.MI vs. CSNDX.MI - Expense Ratio Comparison
IWMO.MI has a 0.25% expense ratio, which is lower than CSNDX.MI's 0.30% expense ratio.
Dividends
IWMO.MI vs. CSNDX.MI - Dividend Comparison
Neither IWMO.MI nor CSNDX.MI has paid dividends to shareholders.
Frequently Asked Questions
IWMO.MI and CSNDX.MI have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWMO.MI is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWMO.MI is cheaper with a 0.25% expense ratio, compared with 0.30% for CSNDX.MI.
IWMO.MI is categorized as Momentum, while CSNDX.MI is Nasdaq-100. IWMO.MI tracks MSCI World Momentum Index, while CSNDX.MI tracks NASDAQ-100 Index. Their fees differ too: 0.25% for IWMO.MI and 0.30% for CSNDX.MI.
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