IWMO.MI vs. IUSA.MI
IWMO.MI (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) and IUSA.MI (iShares Core S&P 500 UCITS ETF USD Dist) are both exchange-traded funds - IWMO.MI is a Momentum fund tracking the MSCI World Momentum Index, while IUSA.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 14.76%/yr for IUSA.MI. Their correlation of 0.82 suggests significant overlap in exposure. IWMO.MI charges 0.25%/yr vs 0.07%/yr for IUSA.MI.
Performance
IWMO.MI vs. IUSA.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 IUSA.MI's 11.29% return. Both investments have delivered pretty close results over the past 10 years, with IWMO.MI having a 15.31% annualized return and IUSA.MI not far behind at 14.76%.
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%
IUSA.MI
- 1D
- -0.12%
- 1M
- 4.34%
- YTD
- 11.29%
- 6M
- 10.77%
- 1Y
- 25.34%
- 3Y*
- 18.75%
- 5Y*
- 14.63%
- 10Y*
- 14.76%
IWMO.MI vs. IUSA.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% |
IUSA.MI iShares Core S&P 500 UCITS ETF USD Dist | 11.29% | 4.17% | 33.56% | 22.16% | -14.75% | 40.69% | 7.30% | 34.11% | -1.42% | 6.61% |
Correlation
The correlation between IWMO.MI and IUSA.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 | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2015 | 0.82 |
The correlation between IWMO.MI and IUSA.MI has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.
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Return for Risk
IWMO.MI vs. IUSA.MI — Risk / Return Rank
IWMO.MI
IUSA.MI
IWMO.MI vs. IUSA.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 Dist (IUSA.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 | IUSA.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.42 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | 3.54 | -0.04 |
| Martin ratioReturn relative to average drawdown | 13.36 | 12.66 | +0.69 |
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 | IUSA.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 2.27 | -0.39 |
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 | 0.91 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.60 | +0.20 |
Drawdowns
IWMO.MI vs. IUSA.MI - Drawdown Comparison
The maximum IWMO.MI drawdown since its inception was -31.03%, smaller than the maximum IUSA.MI drawdown of -52.36%. Use the drawdown chart below to compare losses from any high point for IWMO.MI and IUSA.MI.
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Drawdown Indicators
| IWMO.MI | IUSA.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.03% | -52.36% | +21.33% |
Max Drawdown (1Y)Largest decline over 1 year | -9.04% | -7.19% | -1.85% |
Max Drawdown (3Y)Largest decline over 3 years | -23.45% | -23.29% | -0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -23.45% | -23.29% | -0.16% |
Max Drawdown (10Y)Largest decline over 10 years | -31.03% | -33.68% | +2.65% |
Current DrawdownCurrent decline from peak | -0.90% | -0.46% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -5.88% | -8.05% | +2.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 2.01% | +0.36% |
Volatility
IWMO.MI vs. IUSA.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 Dist (IUSA.MI) at 2.70%. This indicates that IWMO.MI's price experiences larger fluctuations and is considered to be riskier than IUSA.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 | IUSA.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.79% | 2.70% | +3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 14.18% | 7.46% | +6.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.87% | 11.24% | +5.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.29% | 15.13% | +2.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.60% | 16.08% | +1.52% |
IWMO.MI vs. IUSA.MI - Expense Ratio Comparison
IWMO.MI has a 0.25% expense ratio, which is higher than IUSA.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. IUSA.MI - Dividend Comparison
IWMO.MI has not paid dividends to shareholders, while IUSA.MI's dividend yield for the trailing twelve months is around 0.73%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUSA.MI iShares Core S&P 500 UCITS ETF USD Dist | 0.73% | 0.82% | 0.92% | 1.16% | 1.39% | 0.84% | 1.21% | 1.33% | 1.46% | 1.33% | 1.25% | 1.37% |
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 IUSA.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, IUSA.MI is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSA.MI is cheaper with a 0.07% expense ratio, compared with 0.25% for IWMO.MI.
IWMO.MI is categorized as Momentum, while IUSA.MI is S&P 500. IWMO.MI tracks MSCI World Momentum Index, while IUSA.MI tracks S&P 500 Index. Their fees differ too: 0.25% for IWMO.MI and 0.07% for IUSA.MI.
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