IWMO.MI vs. DBMFE.PA
IWMO.MI (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) and DBMFE.PA (iMGP DBi Managed Futures Fund R EUR UCITS ETF Acc) are both exchange-traded funds - IWMO.MI is a Momentum fund tracking the MSCI World Momentum Index, while DBMFE.PA is a Hedge Fund fund actively managed by iM Global Partner. IWMO.MI is passively managed, while DBMFE.PA is actively managed. Over the past year, IWMO.MI returned 31.43% vs 28.90% for DBMFE.PA. At a 0.24 correlation, their price movements are largely independent. IWMO.MI charges 0.25%/yr vs 0.75%/yr for DBMFE.PA.
Performance
IWMO.MI vs. DBMFE.PA - 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 DBMFE.PA's 12.65% 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%
DBMFE.PA
- 1D
- -0.06%
- 1M
- 2.64%
- YTD
- 12.65%
- 6M
- 13.27%
- 1Y
- 28.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWMO.MI vs. DBMFE.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IWMO.MI iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) | 22.51% | 13.18% |
DBMFE.PA iMGP DBi Managed Futures Fund R EUR UCITS ETF Acc | 12.65% | 8.56% |
Correlation
The correlation between IWMO.MI and DBMFE.PA is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2025 | 0.24 |
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Return for Risk
IWMO.MI vs. DBMFE.PA — Risk / Return Rank
IWMO.MI
DBMFE.PA
IWMO.MI vs. DBMFE.PA - 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 iMGP DBi Managed Futures Fund R EUR UCITS ETF Acc (DBMFE.PA). 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 | DBMFE.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.28 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | 3.99 | -0.50 |
| Martin ratioReturn relative to average drawdown | 13.36 | 8.14 | +5.22 |
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 | DBMFE.PA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 1.55 | +0.32 |
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 | 1.05 | -0.25 |
Drawdowns
IWMO.MI vs. DBMFE.PA - Drawdown Comparison
The maximum IWMO.MI drawdown since its inception was -31.03%, which is greater than DBMFE.PA's maximum drawdown of -7.01%. Use the drawdown chart below to compare losses from any high point for IWMO.MI and DBMFE.PA.
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Drawdown Indicators
| IWMO.MI | DBMFE.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.03% | -7.01% | -24.02% |
Max Drawdown (1Y)Largest decline over 1 year | -9.04% | -7.01% | -2.03% |
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% | -1.43% | +0.53% |
Average DrawdownAverage peak-to-trough decline | -5.88% | -3.01% | -2.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 3.46% | -1.09% |
Volatility
IWMO.MI vs. DBMFE.PA - Volatility Comparison
iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWMO.MI) has a higher volatility of 5.79% compared to iMGP DBi Managed Futures Fund R EUR UCITS ETF Acc (DBMFE.PA) at 3.81%. This indicates that IWMO.MI's price experiences larger fluctuations and is considered to be riskier than DBMFE.PA 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 | DBMFE.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.79% | 3.81% | +1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 14.18% | 11.36% | +2.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.87% | 18.01% | -1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.29% | 17.70% | -0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.60% | 17.70% | -0.10% |
IWMO.MI vs. DBMFE.PA - Expense Ratio Comparison
IWMO.MI has a 0.25% expense ratio, which is lower than DBMFE.PA's 0.75% expense ratio.
Dividends
IWMO.MI vs. DBMFE.PA - Dividend Comparison
Neither IWMO.MI nor DBMFE.PA has paid dividends to shareholders.
Frequently Asked Questions
IWMO.MI and DBMFE.PA have a correlation of 0.20, 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 0.75% for DBMFE.PA.
IWMO.MI is categorized as Momentum, while DBMFE.PA is Hedge Fund. They also come from different issuers: iShares and iM Global Partner. Their fees differ too: 0.25% for IWMO.MI and 0.75% for DBMFE.PA.
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