IWMO.MI vs. CSSPX.MI
IWMO.MI (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) and CSSPX.MI (iShares Core S&P 500 UCITS ETF USD (Acc)) are both exchange-traded funds - IWMO.MI is a Momentum fund tracking the MSCI World Momentum Index, while CSSPX.MI is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, IWMO.MI returned 15.31%/yr vs 14.96%/yr for CSSPX.MI. Their correlation of 0.81 suggests significant overlap in exposure. IWMO.MI charges 0.25%/yr vs 0.07%/yr for CSSPX.MI.
Performance
IWMO.MI vs. CSSPX.MI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IWMO.MI achieves a 22.51% return, which is significantly higher than CSSPX.MI's 11.35% return. Both investments have delivered pretty close results over the past 10 years, with IWMO.MI having a 15.31% annualized return and CSSPX.MI not far behind at 14.96%.
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%
CSSPX.MI
- 1D
- -0.13%
- 1M
- 4.38%
- YTD
- 11.35%
- 6M
- 10.87%
- 1Y
- 25.56%
- 3Y*
- 18.86%
- 5Y*
- 14.77%
- 10Y*
- 14.96%
IWMO.MI vs. CSSPX.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% |
CSSPX.MI iShares Core S&P 500 UCITS ETF USD (Acc) | 11.35% | 4.27% | 33.76% | 22.03% | -14.58% | 40.89% | 7.57% | 34.27% | -1.05% | 6.71% |
Correlation
The correlation between IWMO.MI and CSSPX.MI is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2015 | 0.81 |
The correlation between IWMO.MI and CSSPX.MI has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IWMO.MI vs. CSSPX.MI — Risk / Return Rank
IWMO.MI
CSSPX.MI
IWMO.MI vs. CSSPX.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 Core S&P 500 UCITS ETF USD (Acc) (CSSPX.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 | CSSPX.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.41 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | 3.59 | -0.09 |
| Martin ratioReturn relative to average drawdown | 13.36 | 12.78 | +0.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IWMO.MI | CSSPX.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 2.24 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.96 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | 0.92 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.93 | -0.13 |
Drawdowns
IWMO.MI vs. CSSPX.MI - Drawdown Comparison
The maximum IWMO.MI drawdown since its inception was -31.03%, smaller than the maximum CSSPX.MI drawdown of -33.56%. Use the drawdown chart below to compare losses from any high point for IWMO.MI and CSSPX.MI.
Loading charts...
Drawdown Indicators
| IWMO.MI | CSSPX.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.03% | -33.56% | +2.53% |
Max Drawdown (1Y)Largest decline over 1 year | -9.04% | -7.14% | -1.90% |
Max Drawdown (3Y)Largest decline over 3 years | -23.45% | -23.26% | -0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -23.45% | -23.26% | -0.19% |
Max Drawdown (10Y)Largest decline over 10 years | -31.03% | -33.56% | +2.53% |
Current DrawdownCurrent decline from peak | -0.90% | -0.41% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -5.88% | -4.10% | -1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 2.01% | +0.36% |
Volatility
IWMO.MI vs. CSSPX.MI - Volatility Comparison
iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWMO.MI) has a higher volatility of 5.79% compared to iShares Core S&P 500 UCITS ETF USD (Acc) (CSSPX.MI) at 2.65%. This indicates that IWMO.MI's price experiences larger fluctuations and is considered to be riskier than CSSPX.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IWMO.MI | CSSPX.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.79% | 2.65% | +3.14% |
Volatility (6M)Calculated over the trailing 6-month period | 14.18% | 7.54% | +6.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.87% | 11.46% | +5.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.29% | 15.18% | +2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.60% | 16.08% | +1.52% |
IWMO.MI vs. CSSPX.MI - Expense Ratio Comparison
IWMO.MI has a 0.25% expense ratio, which is higher than CSSPX.MI's 0.07% 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. CSSPX.MI - Dividend Comparison
Neither IWMO.MI nor CSSPX.MI has paid dividends to shareholders.
Frequently Asked Questions
IWMO.MI and CSSPX.MI have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSSPX.MI is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSSPX.MI is cheaper with a 0.07% expense ratio, compared with 0.25% for IWMO.MI.
IWMO.MI is categorized as Momentum, while CSSPX.MI is S&P 500. IWMO.MI tracks MSCI World Momentum Index, while CSSPX.MI tracks S&P 500 Index. Their fees differ too: 0.25% for IWMO.MI and 0.07% for CSSPX.MI.
Find the right allocation for IWMO.MI and CSSPX.MI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer