IWMO.MI vs. IMTM
IWMO.MI (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) and IMTM (iShares MSCI Intl Momentum Factor ETF) are both Momentum funds from iShares - IWMO.MI tracks the MSCI World Momentum Index while IMTM tracks the MSCI World ex USA Momentum Index. Both are passively managed. Over the past 10 years, IWMO.MI returned 15.80%/yr vs 9.89%/yr for IMTM. A 0.56 correlation means they provide meaningful diversification when combined. IWMO.MI charges 0.25%/yr vs 0.30%/yr for IMTM.
Performance
IWMO.MI vs. IMTM - Performance Comparison
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Different Trading Currencies
IWMO.MI is traded in EUR, while IMTM is traded in USD. To make them comparable, the IMTM 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 28.65% return, which is significantly higher than IMTM's 13.82% return. Over the past 10 years, IWMO.MI has outperformed IMTM with an annualized return of 15.80%, while IMTM has yielded a comparatively lower 9.89% annualized return.
IWMO.MI
- 1D
- 0.00%
- 1M
- 7.36%
- YTD
- 28.65%
- 6M
- 28.79%
- 1Y
- 40.03%
- 3Y*
- 28.36%
- 5Y*
- 15.21%
- 10Y*
- 15.80%
IMTM
- 1D
- -1.46%
- 1M
- 2.30%
- YTD
- 13.82%
- 6M
- 13.00%
- 1Y
- 24.41%
- 3Y*
- 19.25%
- 5Y*
- 10.25%
- 10Y*
- 9.89%
IWMO.MI vs. IMTM - 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) | 28.65% | 8.04% | 39.23% | 7.91% | -13.96% | 24.82% | 17.08% | 31.14% | 0.40% | 16.05% |
IMTM iShares MSCI Intl Momentum Factor ETF | 13.82% | 18.54% | 19.57% | 10.47% | -11.66% | 11.24% | 12.10% | 27.33% | -10.28% | 10.04% |
Correlation
The correlation between IWMO.MI and IMTM is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2015 | 0.56 |
The correlation between IWMO.MI and IMTM shifts across timeframes, from 0.56 (all time) to 0.67 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IWMO.MI vs. IMTM — Risk / Return Rank
IWMO.MI
IMTM
IWMO.MI vs. IMTM - 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 Intl Momentum Factor ETF (IMTM). 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 | IMTM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.28 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.47 | 2.23 | +2.24 |
| Martin ratioReturn relative to average drawdown | 17.06 | 9.39 | +7.67 |
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Drawdowns
IWMO.MI vs. IMTM - Drawdown Comparison
The maximum IWMO.MI drawdown since its inception was -31.03%, roughly equal to the maximum IMTM drawdown of -30.60%. Use the drawdown chart below to compare losses from any high point for IWMO.MI and IMTM.
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Drawdown Indicators
| IWMO.MI | IMTM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.03% | -30.60% | -0.43% |
Max Drawdown (1Y)Largest decline over 1 year | -9.04% | -10.98% | +1.94% |
Max Drawdown (3Y)Largest decline over 3 years | -23.45% | -15.94% | -7.51% |
Max Drawdown (5Y)Largest decline over 5 years | -23.45% | -21.25% | -2.20% |
Max Drawdown (10Y)Largest decline over 10 years | -31.03% | -30.60% | -0.43% |
Current DrawdownCurrent decline from peak | -1.23% | -3.38% | +2.15% |
Average DrawdownAverage peak-to-trough decline | -5.83% | -6.07% | +0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 2.61% | -0.25% |
Volatility
IWMO.MI vs. IMTM - Volatility Comparison
iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWMO.MI) and iShares MSCI Intl Momentum Factor ETF (IMTM) have volatilities of 7.01% and 6.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWMO.MI | IMTM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.01% | 6.87% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 15.15% | 14.60% | +0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.06% | 16.36% | +1.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.52% | 15.77% | +1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.66% | 16.61% | +1.05% |
IWMO.MI vs. IMTM - Expense Ratio Comparison
IWMO.MI has a 0.25% expense ratio, which is lower than IMTM's 0.30% expense ratio.
Dividends
IWMO.MI vs. IMTM - Dividend Comparison
IWMO.MI has not paid dividends to shareholders, while IMTM's dividend yield for the trailing twelve months is around 4.44%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMTM iShares MSCI Intl Momentum Factor ETF | 4.44% | 4.70% | 2.93% | 2.29% | 2.68% | 2.51% | 0.97% | 2.13% | 2.36% | 1.92% | 2.75% | 1.56% |
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 IMTM have a correlation of 0.67, 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 IMTM.
IWMO.MI tracks MSCI World Momentum Index, while IMTM tracks MSCI World ex USA Momentum Index. Their fees differ too: 0.25% for IWMO.MI and 0.30% for IMTM.
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