IWMO.MI vs. CSSX5E.MI
IWMO.MI (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) and CSSX5E.MI (iShares Core EURO STOXX 50 ETF EUR Acc) are both exchange-traded funds - IWMO.MI is a Momentum fund tracking the MSCI World Momentum Index, while CSSX5E.MI is a Europe Equities fund tracking the EURO STOXX® 50. Both are passively managed. Over the past 10 years, IWMO.MI returned 15.31%/yr vs 10.48%/yr for CSSX5E.MI. A 0.62 correlation means they provide meaningful diversification when combined. IWMO.MI charges 0.25%/yr vs 0.10%/yr for CSSX5E.MI.
Performance
IWMO.MI vs. CSSX5E.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 CSSX5E.MI's 7.01% return. Over the past 10 years, IWMO.MI has outperformed CSSX5E.MI with an annualized return of 15.31%, while CSSX5E.MI has yielded a comparatively lower 10.48% 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%
CSSX5E.MI
- 1D
- 0.81%
- 1M
- 1.89%
- YTD
- 7.01%
- 6M
- 8.61%
- 1Y
- 15.65%
- 3Y*
- 15.61%
- 5Y*
- 11.51%
- 10Y*
- 10.48%
IWMO.MI vs. CSSX5E.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% |
CSSX5E.MI iShares Core EURO STOXX 50 ETF EUR Acc | 7.01% | 23.04% | 10.93% | 22.79% | -9.22% | 23.62% | -2.24% | 29.02% | -11.96% | 9.95% |
Correlation
The correlation between IWMO.MI and CSSX5E.MI is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2015 | 0.62 |
The correlation between IWMO.MI and CSSX5E.MI has been stable across timeframes, ranging from 0.61 to 0.68 - a consistent structural relationship.
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Return for Risk
IWMO.MI vs. CSSX5E.MI — Risk / Return Rank
IWMO.MI
CSSX5E.MI
IWMO.MI vs. CSSX5E.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 EURO STOXX 50 ETF EUR Acc (CSSX5E.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 | CSSX5E.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.19 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | 1.46 | +2.03 |
| Martin ratioReturn relative to average drawdown | 13.36 | 4.91 | +8.44 |
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 | CSSX5E.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 0.99 | +0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.65 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | 0.57 | +0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.41 | +0.39 |
Drawdowns
IWMO.MI vs. CSSX5E.MI - Drawdown Comparison
The maximum IWMO.MI drawdown since its inception was -31.03%, smaller than the maximum CSSX5E.MI drawdown of -38.50%. Use the drawdown chart below to compare losses from any high point for IWMO.MI and CSSX5E.MI.
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Drawdown Indicators
| IWMO.MI | CSSX5E.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.03% | -38.50% | +7.47% |
Max Drawdown (1Y)Largest decline over 1 year | -9.04% | -10.81% | +1.77% |
Max Drawdown (3Y)Largest decline over 3 years | -23.45% | -16.36% | -7.09% |
Max Drawdown (5Y)Largest decline over 5 years | -23.45% | -23.56% | +0.11% |
Max Drawdown (10Y)Largest decline over 10 years | -31.03% | -38.50% | +7.47% |
Current DrawdownCurrent decline from peak | -0.90% | -0.44% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -5.88% | -7.27% | +1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 3.21% | -0.84% |
Volatility
IWMO.MI vs. CSSX5E.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 EURO STOXX 50 ETF EUR Acc (CSSX5E.MI) at 4.92%. This indicates that IWMO.MI's price experiences larger fluctuations and is considered to be riskier than CSSX5E.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 | CSSX5E.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.79% | 4.92% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 14.18% | 12.90% | +1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.87% | 15.91% | +0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.29% | 17.52% | -0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.60% | 18.32% | -0.72% |
IWMO.MI vs. CSSX5E.MI - Expense Ratio Comparison
IWMO.MI has a 0.25% expense ratio, which is higher than CSSX5E.MI's 0.10% 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. CSSX5E.MI - Dividend Comparison
Neither IWMO.MI nor CSSX5E.MI has paid dividends to shareholders.
Frequently Asked Questions
IWMO.MI and CSSX5E.MI have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSSX5E.MI is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSSX5E.MI is cheaper with a 0.10% expense ratio, compared with 0.25% for IWMO.MI.
IWMO.MI is categorized as Momentum, while CSSX5E.MI is Europe Equities. IWMO.MI tracks MSCI World Momentum Index, while CSSX5E.MI tracks EURO STOXX® 50. Their fees differ too: 0.25% for IWMO.MI and 0.10% for CSSX5E.MI.
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