IWMO.MI vs. IS3Q.DE
IWMO.MI (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) and IS3Q.DE (iShares Edge MSCI World Quality Factor UCITS ETF (Acc)) are both exchange-traded funds - IWMO.MI is a Momentum fund tracking the MSCI World Momentum Index, while IS3Q.DE is a Global Equities fund tracking the MSCI World Sector Neutral Quality. Both are passively managed. Over the past 10 years, IWMO.MI returned 15.82%/yr vs 12.23%/yr for IS3Q.DE. A 0.80 correlation means they provide meaningful diversification when combined. IWMO.MI charges 0.25%/yr vs 0.30%/yr for IS3Q.DE.
Performance
IWMO.MI vs. IS3Q.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IWMO.MI achieves a 28.49% return, which is significantly higher than IS3Q.DE's 10.95% return. Over the past 10 years, IWMO.MI has outperformed IS3Q.DE with an annualized return of 15.82%, while IS3Q.DE has yielded a comparatively lower 12.23% annualized return.
IWMO.MI
- 1D
- 0.00%
- 1M
- 10.00%
- YTD
- 28.49%
- 6M
- 29.76%
- 1Y
- 40.92%
- 3Y*
- 27.77%
- 5Y*
- 15.92%
- 10Y*
- 15.82%
IS3Q.DE
- 1D
- -0.01%
- 1M
- 2.74%
- YTD
- 10.95%
- 6M
- 11.72%
- 1Y
- 23.43%
- 3Y*
- 15.54%
- 5Y*
- 11.31%
- 10Y*
- 12.23%
IWMO.MI vs. IS3Q.DE - 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) | 28.49% | 8.04% | 39.23% | 7.91% | -13.96% | 24.82% | 17.08% | 31.14% | 0.40% | 16.05% |
IS3Q.DE iShares Edge MSCI World Quality Factor UCITS ETF (Acc) | 10.95% | 2.80% | 23.78% | 21.69% | -14.83% | 34.27% | 4.44% | 33.94% | -3.47% | 8.34% |
Correlation
The correlation between IWMO.MI and IS3Q.DE is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2015 | 0.80 |
The correlation between IWMO.MI and IS3Q.DE shifts across timeframes, from 0.73 (1 year) to 0.84 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IWMO.MI vs. IS3Q.DE — Risk / Return Rank
IWMO.MI
IS3Q.DE
IWMO.MI vs. IS3Q.DE - 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 Edge MSCI World Quality Factor UCITS ETF (Acc) (IS3Q.DE). 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 | IS3Q.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.42 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 4.63 | 3.73 | +0.90 |
| Martin ratioReturn relative to average drawdown | 17.78 | 15.46 | +2.32 |
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Drawdowns
IWMO.MI vs. IS3Q.DE - Drawdown Comparison
The maximum IWMO.MI drawdown since its inception was -31.03%, roughly equal to the maximum IS3Q.DE drawdown of -32.30%. Use the drawdown chart below to compare losses from any high point for IWMO.MI and IS3Q.DE.
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Drawdown Indicators
| IWMO.MI | IS3Q.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.03% | -32.30% | +1.27% |
Max Drawdown (1Y)Largest decline over 1 year | -9.04% | -6.33% | -2.71% |
Max Drawdown (3Y)Largest decline over 3 years | -23.45% | -20.63% | -2.82% |
Max Drawdown (5Y)Largest decline over 5 years | -23.45% | -20.63% | -2.82% |
Max Drawdown (10Y)Largest decline over 10 years | -31.03% | -32.30% | +1.27% |
Current DrawdownCurrent decline from peak | 0.00% | -0.13% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -6.25% | +0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 1.53% | +0.81% |
Volatility
IWMO.MI vs. IS3Q.DE - Volatility Comparison
iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWMO.MI) has a higher volatility of 6.16% compared to iShares Edge MSCI World Quality Factor UCITS ETF (Acc) (IS3Q.DE) at 2.32%. This indicates that IWMO.MI's price experiences larger fluctuations and is considered to be riskier than IS3Q.DE 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 | IS3Q.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.16% | 2.32% | +3.84% |
Volatility (6M)Calculated over the trailing 6-month period | 14.99% | 7.44% | +7.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.76% | 10.69% | +7.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.47% | 14.15% | +3.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.63% | 15.82% | +1.81% |
IWMO.MI vs. IS3Q.DE - Expense Ratio Comparison
IWMO.MI has a 0.25% expense ratio, which is lower than IS3Q.DE's 0.30% expense ratio.
Dividends
IWMO.MI vs. IS3Q.DE - Dividend Comparison
Neither IWMO.MI nor IS3Q.DE has paid dividends to shareholders.
Frequently Asked Questions
IWMO.MI and IS3Q.DE have a correlation of 0.73, 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 IS3Q.DE.
IWMO.MI is categorized as Momentum, while IS3Q.DE is Global Equities. IWMO.MI tracks MSCI World Momentum Index, while IS3Q.DE tracks MSCI World Sector Neutral Quality. Their fees differ too: 0.25% for IWMO.MI and 0.30% for IS3Q.DE.
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